Author Archives: greg

#310 – BRUCE TURNER – FUTURE OF INTERNAL AUDIT – HOWARD WIENER INTERVIEWER

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Bruce is an active company director and audit committee chair. He is a well-respected transformational leader with deep and broad professional governance, risk, compliance and audit experience. He was appointed a Member of the Order of Australia (AM) in the Queen’s Birthday Honours of 2015 in recognition of his significant service to public administration through governance and risk management practices, and to the profession of internal auditing.

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#310 – STAYING HEALTHY – LONG TERM PRESCRIPTION – ALLEN TAYLOR

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In recent years there has been increasing acceptance of the idea that the debilitating effects that go along with aging are not inevitable. Various interventions have been found that hold out the promise of a long life that is healthy to the end. Among these interventions are:

  • Eating healthy foods
  • Restricting calories, particularly “empty” calories that provide energy without much nutrition
  • Practicing intermittent fasting, where eating is confined to a prescribed interval of time
  • Taking drugs that seem to slow aging in animals, such as metformin and rapamycin
  • Exercising on a regular basis

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#309 – CIVIL UNREST IS ON THE RISE – BILL POMFRET PH.D.

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Watching the news, almost daily is depressing, the civil unrest and protests looks bleak and it feels like there is nothing you or I can do. This is not a predicament exclusive to our time, history can point to ordinary people who, constrained by injustice, acted to challenge those who held the power“ The match was lit by Donald Trump and his most ardent enablers, including many in Congress, to overturn the results of an election he lost,” Clinton tweeted. Condemnation also rained down from members of Trump’s party in Congress. Continue reading →

#309 – INSTITUTE OF INTERNAL AUDITORS PUSHES RISK BASED THINKING – JAMES KLINE PH.D.

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In 2019 Greg Hutchins and I co-authored an article (1) which showed how the finance, accounting and auditing professions are pushing the adoption of Enterprise Risk Management (ERM) in the public sector. In a forthcoming article in Quality Digest, I examine the strengthens and weakness of the quality and audit and accounting professions relative to involvement in and promotion of ERM.  In this piece I am going to examine the 2020 Institute of Internal Auditors’ (IIA) update of their Three Lines Model and how it both promotes ERM and positions auditors to take a more active role in ERM implementation. Continue reading →

#309 – LEARNING CURVES: A BITTER TRUTH BUT UNDENIABLE RISK! – MALCOLM PEART

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Despite our collective educational establishments that purport to teach so that people can learn, ‘education’ is not necessarily learning.  Mark Twain wrote disparagingly that “Education consists mainly in what we have unlearned” and also that he never let schooling interfere with his own education.  Education is not necessarily knowledge and real learning comes from the application of theory tempered with experience which will make for better decisions and better outcomes.  Benjamin Franklin’s words from over 200 years’ ago “Tell me, I forget. Teach me, I remember. Involve me and I learn” still ring true today. Continue reading →