Ep. 290: Prepping for the Board w/ Erin Banet (Humana)

This week on The Audit Podcast, Erin Banet, Chief Audit Executive at Humana, joins the show to discuss what goes into preparing audit committee meetings and how the CAE role is evolving beyond traditional internal audit.   Erin explains how she builds audit committee agendas, prepares board members throughout the year, and why overcommunication is critical to successful meetings. She also shares how she uses industry publications and AI tools to stay ahead of emerging risks and keep discussions focused on topics like cybersecurity, AI governance, and compliance.   The conversation then shifts to enterprise risk management. Erin discusses overseeing ERM alongside internal audit, SOX, and other risk functions, why she began with a maturity assessment, and how combining these responsibilities gives audit leaders a more strategic role within the organization.   The episode closes with a discussion on the difference between enterprise risk management and the traditional audit risk assessment, along with practical ad   01:17 – Personal AI Use Cases 03:17 – Audit Committee Meetings: Cadence, Preparation & Board Communication 08:13 – Publications, AI Tools & Staying Ahead of Emerging Risks 11:18 – Over-communication Strategies for Audit Committee Success 14:02 – Taking Ownership of Enterprise Risk Management (ERM) 19:18 – Conducting ERM Maturity Assessments & Building a Roadmap 21:12 – Internal Audit Risk Assessments vs. Enterprise Risk Management 24:13 – Thinking Like a Risk Strategist: The Future of Internal Audit   Be sure to connect with Erin 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.