Ep 295: How to Engage Stakeholders w/ Scott Madenburg (ARC∙Hybrid)

In this repeat episode of The Audit Podcast, Trent Russell revisits his conversation with Scott Madden, former Chief Audit Executive and former Senior Product Marketing Manager and Market Advisor at AuditBoard, and now founder and president of Arc Hybrid.

Scott and Trent discuss the human side of internal audit, including building relationships with stakeholders, creating rapport, hiring for character, navigating cost cutting and turnover, and building an internal audit function from the ground up. They also explore how teams can think differently about technology, risk, and the skills needed to build stronger audit functions.

Scott will also be speaking at the Audit Analytics and AI Conference on October 21st and 22nd. His sessions will cover the dual AI engine audit lifecycle model, platform agnostic zero code methods for running a hybrid audit process, and how to evaluate when to build custom AI solutions versus relying on existing software architecture. The conference is virtual and available on demand.

Timecodes 00:00 Introduction + Audit Analytics and AI Conference

02:38 AI and the Human Element

09:08 Building Relationships and Stakeholder Engagement

17:52 Hiring, Character and Team Building

25:44 Cost Cutting, Turnover and Organizational Risk

32:33 Building an Internal Audit Function

40:41 Scott's Career, Arc Hybrid and Lessons Learned

44:45 Final Thoughts

Be sure to connect with Trent Russell on LinkedIn and check out Green Skies Analytics for more resources on audit analytics and AI. Also, be sure to follow us on our social media accounts on LinkedIn, Instagram, and TikTok. Also be sure to sign up for The Audit Podcast newsletter and check out the full video interview on The Audit Podcast YouTube channel. This podcast is brought to you by Green Skies Analytics, the services firm that helps internal audit teams make analytics actually work. Whether your audit team needs help with an analytics or AI strategy, methodology, governance, literacy, or anything else related to audit analytics, visit Green Skies Analytics to learn more and schedule a call.