Unpacking audit quality (or lack thereof)

In this episode of GRC Uncensored, hosts Troy Fine and Kendra Cooley, along with producer Elliot Volkman, continue their pursuit of trying to understand what is explicitly holding the GRC world back. Joined by ISO expert David Foreman, the discussion tackles the roles of auditors, tech vendors, and market forces in shaping audit quality. They explore the significance of audit integrity, the staying power of governance programs, and the varying expectations of companies undergoing audits. Amidst an insightful dialogue, the hosts debate the future of automated compliance tools, check-the-box audits, and the elusive definition of audit quality. Ultimately, the episode underscores the issue's complexity, emphasizing that it's not just about the vendors or auditors but also market demands and expectations.00:00 Introduction to GRC uncensored 00:42 Meet the hosts: Troy and Kendra 01:05 Controversies and LinkedIn debates 01:37 International expansion and podcast updates 02:28 Commoditization of compliance 03:07 Introduction to Dave and his expertise 04:43 The role of vendors in compliance 07:49 Audit quality and market dynamics 09:49 The importance of audit integrity 13:11 Defining audit quality 20:26 Market expectations and audit quality 23:48 Staying power in compliance programs 28:00 High-quality vs. low-quality audit firms 28:59 Top qualities of a good auditor 29:19 Importance of knowledge in auditing 31:06 Compliance automation tools 32:26 Challenges in finding quality auditors 34:30 The reality of check-box audits 35:34 Accreditation and certification nuances 42:12 The future of auditing and trust centers 43:42 Closing remarks and shameless plugs 47:05 Final thoughts and tagline Hosted on Acast. See acast.com/privacy for more information.