Episode 45 - Doug Hileman: Part 2

<p>In this episode of <a href="https://www.youtube.com/playlist?list=PLjV4MJQWLV_bioTkc_Hg2zu9bKfGiM1tv" target="_blank" rel="noopener"><em><strong>Auditors Save the World</strong></em></a><em>, </em>podcast host <a href="https://yellowbook-cpe.com/about" target="_blank" rel="noopener">Leita Hart-Fanta, CPA</a> interviews audit superhero, <a href="https://www.linkedin.com/in/douglas-hileman-fsa-crma-cpea-p-e-6abbb71/" target="_blank" rel="noopener">Doug Hileman</a>.</p><p><br></p><p>Once upon a time, the auditor’s world was neatly boxed: Travel and entertainment. Receipts and reimbursements. Check the rules, check the math, case closed.</p><p><br></p><p>But what happens when the real risks don’t fit in a spreadsheet? When strategy itself is on trial and public policy carries consequences that ripple for decades? And when climate risk refuses to stay politely in the footnotes?</p><p><br></p><p>That’s where this story begins.</p><p><br></p><p>Because in this episode Doug and I step into the gray space where compliance ends and something much bigger begins. Should auditors stay in their lane? Or is it time to widen the road?</p><p><br></p><p>It’s not a verdict. Not a tidy conclusion tied up with a bow. It’s a debate. A spirited, thought-provoking clash of ideas… Because the future of auditing might not be about checking the past at all.</p><p><br></p><p>Don&#39;t miss an episode! Follow our podcast on <a href="https://open.spotify.com/show/7f3OEwiS0dgYoWY586iaRN" target="_blank" rel="noopener"><strong>Spotify</strong></a> or <a href="https://podcasts.apple.com/us/podcast/yellowbook-cpe-presents-auditors-save-the-world/id1777456046" target="_blank" rel="noopener"><strong>Apple Podcasts</strong></a> and subscribe to our channel on <a href="https://www.youtube.com/@yellowbook-cpe7380" target="_blank" rel="noopener"><strong>YouTube</strong></a>.</p><p><br></p><p>CHAPTERS:</p><p>00:00 — Meet the Super Auditor, Doug Hileman</p><p>01:48 — Climate Risk</p><p>02:50 — Auditors to the Rescue</p><p>03:48 — Beyond the Checklist</p><p>05:22 — The Strategy Showdown</p><p>07:38 — The Advisory Superpower</p><p>10:56 — A New Era for Audit</p><p>11:39 — Climate Disclosure</p><p>13:25 — Sustainability Assurance</p><p>15:00 — Assurance vs. Advisory</p><p>16:23 — The Missing Hero: Risk</p><p>18:00 — Public Policy Under Audit</p><p>20:51 — Speaking Truth to Power</p><p>21:59 — Finding the Middle Ground</p><p>22:38 — The Future of Auditing</p><p><br></p><p>ABOUT DOUG HILEMAN:</p><p>Douglas Hileman (FSA, CRMA, CPEA, P.E.) brings over four decades of experience in sustainability compliance, risk, reporting, and audit. Among his most notable contributions, he is an author of COSO&#39;s groundbreaking document <em>Achieving Effective Internal Controls over Sustainability Reporting (ICSR).</em> Earlier in his career, he served as the senior environmental management and auditing specialist on the Volkswagen Monitor Team and spent six years at a Big 4 firm. From there, Doug led his boutique consultancy for 16 years, focusing on climate-related programs and GHG emissions reporting, sustainability policies, reporting and audits, and other specialty needs.</p><p><br></p><p>Beyond his consulting work, he has been active in the <a href="http://www.theiia.org/">Institute of Internal Auditors</a> for over a decade, contributing to supplemental guidance, and currently leads a Governance and Controls work group for the <a href="http://www.imanet.org/">Institute of Management Accountants</a>. Mr. Hileman submitted detailed comments to the SEC on the proposed climate disclosure rule. In the final rule (released March 6, 2024), there are 42 references to his comments. See <a href="http://www.douglashileman.com/">www.douglashileman.com</a>.</p>