Episode introduction:

This week’s episode, we’re joined by Derry Herring, Senior Vice President and Chief Audit Officer of Protective Life Corporation.

In this episode, Derry discusses implementing new IIA Standards this year, highlighting challenges and lessons learned to ensure a smooth transition. He shares practical advice on avoiding pitfalls, strategies for expanding his audit team from 4 to 26 members, and useful Excel methods to streamline audit processes for smaller departments.

Be sure to connect with Derry on LinkedIn.

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Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.

Timecodes:

9:08 – The New GIS Standards

15:05 – Forming and Prioritizing Strategic Plans

17:13 – Implementing the New Standards

25:04 – Advice for Growing Your Internal Audit Department

28:40 – Final Thoughts

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