Ep 206: Lessons Learning in Building an IA Team w/ Kim Ford

The Audit Podcast

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This week’s episode, we're joined by Kim Ford, Vice President of Internal Audit at Ingersoll Rand.

In this episode, Kim shares her approach to building a strong internal audit function, including a program that trains auditors before moving them into the finance department, enhancing both controls and financial insight. She also discusses the evolving expectations of the audit committee, offering insights from a recent meeting, and explores how data and automation can boost audit efficiency, providing practical takeaways for listeners.

Be sure to connect with Kim on LinkedIn.

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Timecodes:

6:56 - Building Internal Audit Functions

9:31 - People, Processes and Technology

10:35 - Kim's Training Method

15:04 - What the Audit Committee wants from a CAE

17:23 - Best Ways to Measure Success

23:19 - RPA Use Cases

25:12 - The Personal Side of DA

28:12- The BTS of the Audit Committee Quarterly Updates

32:18- Taking Analytics to the Next Level

33:29 - Final Thoughts

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