Episode introduction:

This week on The Audit Podcast, Erin Banet, Chief Audit Executive at Humana, joins the show to discuss what goes into preparing audit committee meetings and how the CAE role is evolving beyond traditional internal audit.

Erin explains how she builds audit committee agendas, prepares board members throughout the year, and why overcommunication is critical to successful meetings. She also shares how she uses industry publications and AI tools to stay ahead of emerging risks and keep discussions focused on topics like cybersecurity, AI governance, and compliance.

The conversation then shifts to enterprise risk management. Erin discusses overseeing ERM alongside internal audit, SOX, and other risk functions, why she began with a maturity assessment, and how combining these responsibilities gives audit leaders a more strategic role within the organization.

The episode closes with a discussion on the difference between enterprise risk management and the traditional audit risk assessment, along with practical ad

01:17 – Personal AI Use Cases

03:17 – Audit Committee Meetings: Cadence, Preparation & Board Communication

08:13 – Publications, AI Tools & Staying Ahead of Emerging Risks

11:18 – Over-communication Strategies for Audit Committee Success

14:02 – Taking Ownership of Enterprise Risk Management (ERM)

19:18 – Conducting ERM Maturity Assessments & Building a Roadmap

21:12 – Internal Audit Risk Assessments vs. Enterprise Risk Management

24:13 – Thinking Like a Risk Strategist: The Future of Internal Audit

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