Ep 265: Stepping into the CAE Role w/ Mike McDonald (BorgWarner)

This week on The Audit Podcast, our guest is Mike McDonald, Chief Audit Executive at BorgWarner.   This episode is a little different—it's a replay from one of our sessions at the Audit Analytics and AI Conference, sponsored by Supervisor. Mike has been in the CAE role at BorgWarner for about a year, and he walks us through what that first year has really looked like.   We get into what he expected going into the role, what surprised him, and the biggest lessons he learned in his first hundred days.   Be sure to connect with Mike on LinkedIn.   Also, be sure to follow us on our social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes:   2:14 — What It's Like Stepping into the CAE Role 8:19 — Understanding Internal Audit's Mission 9:31 — How CAEs Allocate Resources 11:09 — A CAE's Perspective on KPIs 13:52 — Using Full-Population Testing Effectively 16:16 — How to Implement Supervision 17:26 — Building In-House Solutions vs. Using External Tools 20:31 — Identifying What Truly Matters with Population Testing 22:32 — The Skill Sets CAEs Want 24:30 — How Internal Audit Teams Are Using AI   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.