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
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