Ep 281: Bridging the Gap Between Tax and Internal Audit w/ Michelle V. (ITT Inc.)

This week, internal audit leader and tax expert Michelle V. joins the show.   Michelle brings a unique perspective, coming from a tax background into internal audit leadership—an area where tax expertise isn't always front and center. She shares insights into her transition from leading tax to stepping into a broader internal audit role, and how that experience shapes the way she approaches emerging topics today.   The conversation centers on upcoming guidance around effective tax rate requirements set to take effect in 2026. Michelle breaks down why this topic matters, what audit teams should be paying attention to, and how even those without a tax background can better understand and communicate the implications—whether within their organizations or at the board level.   This is a quick, practical episode packed with insights that can help auditors stay ahead of an important, and often overlooked, area.   Be sure to connect with Michelle on LinkedIn.   6:34 - Utilizing LLMs for report research 11:06 – ASC guidance effective tax rate 2026 15:33 – Prioritizing Tax Data Accuracy in the Audit Plan 17:43 – What's Driving ASC guidance 19:18 – Map Your Current Footnote to New Requirements 23:27 – Final Thoughts   Be sure to connect with Mark 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.   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.