Yellowbook-CPE Presents: Auditors Save The World

Episode 38 - Dr. Clive S. Lennox

In a world where rules are written in ink and consequences are written in stone, there is a quiet but powerful force moving behind the curtain of compliance. Not in the audit file. Not in the fieldwork. But in the rules themselves. Meet Clive Lennox. Oxford-educated. Razor-minded. Calm as a ledger that actually balances on the first try. Clive stands at the gates of regulation, where the mighty edicts of the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC),  and the Public Company Accounting Oversight Board (PCAOB) are forged, and asks a dangerous question: “What if we tried it first?” Armed not with assumptions, but with evidence. Not with urgency, but with method. Clive brings the scientific method into a world that too often runs on precedent and pressure. Hypothesis. Test. Observe. Refine. Because in Clive’s world, regulations shouldn’t just sound good, they should work. Before a single rule reshapes the profession, Clive has already been there quietly proving whether it should. CHAPTERS: 03:30 Sarbanes-Oxley: a case study in rushed rulemaking 05:30 Why no pilot testing means no control group 08:56 Has the PCAOB ever done a real pilot? 10:45 Critical Audit Matters (CAMs): a near-accidental control group 15:20 How Dr. Lennox tries to influence legislators and regulators 17:15 What the CAM research actually found 23:05 Non-audit services: does restricting them improve audit quality? 28:00 Auditor independence in the gray zone 30:20 Horror story: how internal control reporting requirements backfired 33:50 How can listeners help Dr. Lennox's mission? 36:50 Connecting with state-level policy organizations 43:00 US audit quality vs. the world: how do we stack up 45:30 Closing thoughts and wrap-up ABOUT DR. CLIVE S. LENNOX Clive Lennox joined the Leventhal School of Accounting in 2015. His research interests include auditing, voluntary disclosure, corporate fraud, and empirical research methods. He has published more than 35 articles in the top-tier accounting journals (Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, and the Review of Accounting Studies). His research and teaching received numerous prizes, including the Notable Contribution to the Auditing Literature Award from the American Accounting Association. Clive is an associate editor at the Journal of Accounting Research and the Journal of Accounting and Economics. He is also a former editor at The Accounting Review and Contemporary Accounting Research.

Episode 37 - Ross Visscher: Part 2

In a previous episode, you heard how Ross Visscher harnesses AI to transform his internal audits in a thriving Canadian city. But power in the hands of one City team is only the beginning! Because beyond the internal audit shop, an entire city is stepping into the world of artificial intelligence. Departments experimenting. Risks emerging. Opportunities everywhere. And someone must bring order to it all. Enter Ross. Not just an auditor, but a guide helping a whole city navigate AI with clarity, control, and caution. Because when everyone has access to powerful tools, governance isn’t optional. It’s everything. Discover how a city’s audit team is leading the way in AI governance and innovation. This episode explores practical strategies for managing AI risks, setting guardrails, and leveraging AI to improve city services, all while ensuring responsible use. CHAPTERS: 00:00 - Introduction to AI in city governance and internal audits 01:19 - Ross’s role as a guide for citywide AI usage and compliance 01:58 - The importance of prompting: quick wins and frameworks 04:36 - Managing AI model costs with tiered approaches 05:29 - Building citywide AI governance and working with leadership 08:10 - Creating inventory and risk classification for AI systems 11:21 - Roles and responsibilities in AI audits across city departments 13:03 - Challenges of chatbot prompt injection and strategies for safeguard 16:01 - Bridging skills: from BASIC to Python, and the power of logic 17:01 - Closing remarks: CPE and community sharing in auditing ABOUT ROSS VISSCHER: Ross Visscher is an internal audit leader with responsibility for IT audit and data analytics programs at The City of Calgary. He has 19 years of internal audit experience, primarily within local government, complemented by earlier experience in financial services and public accounting. For more than a decade, Ross has been actively involved with the Association of Local Government Auditors (ALGA) and served as President for the 2024–2025 term. He holds multiple professional certifications, including Certified Internal Auditor (CIA), Certified Public Accountant (CPA – North Carolina), Certified Information Systems Auditor (CISA), and Certified in Risk and Information Systems Control (CRISC). His specialized credentials include ISACA’s Advanced in AI Audit (AAIA), ACL Analytics Certified Data Analyst (ACDA) and Microsoft Power BI Data Analyst Associate.

Episode 36 - Ross Visscher

In this episode, we sit down with Ross Visscher, an IT audit champion using AI to transform how a city government approaches auditing. Ross shares how his team is leveraging tools like Microsoft Copilot, Azure OpenAI, and Python to automate tasks, analyze customer feedback, process documents with OCR, and validate transactions faster and more accurately than ever before. We dig into how he developed an AI governance framework aligned with professional standards, and the best practices his team follows to keep sensitive data private and secure in the cloud. Ross also gets practical about the emerging skills auditors need today — including vibe coding and basic Python — and why aligning every AI tool with organizational values and enterprise approval processes isn't just good governance, it's essential to doing the work right. CHAPTERS: 00:00 [https://www.youtube.com/watch?v=dL9ouf2lxEA] - Introduction to the Super Auditor 00:51 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=51s] - IT audit champion role using AI for city transformation 01:47 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=107s] - Using AI internally to improve audit quality 03:07 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=187s] - Establishing AI governance aligned with Redbook standards 04:47 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=287s] - Copilot in audit work 08:25 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=505s] - Building a responsible AI framework using Azure 12:01 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=721s] - Python as an intermediary for large datasets and vibe coding 15:08 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=908s] - Handling confidential data 20:15 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=1215s] - Combining traditional audit tools with AI, Python, and Power BI 22:36 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=1356s] - Handling non-cloud options 26:30 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=1590s] - Building Python skills and understanding for auditors 29:45 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=1785s] - Embracing change while staying aligned with core audit values 30:21 [https://www.youtube.com/watch?v=dL9ouf2lxEA&t=1821s] - Closing remarks ABOUT ROSS VISSCHER: Ross Visscher is an internal audit leader with responsibility for IT audit and data analytics programs at The City of Calgary. He has 19 years of internal audit experience, primarily within local government, complemented by earlier experience in financial services and public accounting. For more than a decade, Ross has been actively involved with the Association of Local Government Auditors (ALGA) and served as President for the 2024–2025 term. He holds multiple professional certifications, including Certified Internal Auditor (CIA), Certified Public Accountant (CPA – North Carolina), Certified Information Systems Auditor (CISA), and Certified in Risk and Information Systems Control (CRISC). His specialized credentials include ISACA’s Advanced in AI Audit (AAIA), ACL Analytics Certified Data Analyst (ACDA) and Microsoft Power BI Data Analyst Associate.

Episode 35 - Isabel Mercedes Cumming

In this episode, we delve into the world of government oversight, audit strategies, and investigative work with expert auditor and inspector general, Isabel Mercedes Cumming. Discover how rigorous evidence-gathering, quick action, and citizen involvement lead to transformative, live-saving changes in public agencies while maintaining independence and integrity. CHAPTERS: 00:00 - Welcome to Auditors Save the World! 01:45 - Case example: catching a $600,000 fraud in 45 seconds 06:19 - Investigative speed 08:33 - Verifying situations through evidence and real-time inspections 09:54 - The power of emergency reports in driving major changes 13:33 - The necessity of independent oversight versus city audits 17:23 - The significance of ongoing verification, even after initial fixes 21:21 - The coverage of inspector general functions across U.S. cities 23:29 - The career pathway from auditing to fraud examination and law 24:29 - Final thoughts: Passion for justice, and the value of audit skills ABOUT ISABEL MERCEDES CUMMING Isabel Mercedes Cumming serves the Inspector General of Baltimore City, making history in January 2018 as the first woman and Hispanic to ever be named to the post. She also distinguishes herself as the first Inspector General to serve a second term. The Office of the Inspector General (OIG) has flourished under her leadership having quadrupled the number of hotline complaints, achieving independence for the office, and successfully growing the office from six to 19 employees. The OIG tackled numerous high-profile cases and achieved over $50 million of documented savings for the citizens of Baltimore in the first year. Ms. Cumming began her legal career at the United States Attorney’s Office as a law clerk where she specialized in investigating white-collar crimes. Prior she was the Director of Internal Audit for American National Bank in Baltimore for over seven years. She began her career with KPMG Peat Marwick in Baltimore as an auditor in 1984. Ms. Cumming was named the Certified Fraud Fighter of the Year in 2006 and the first Top Fraud Fighter in Maryland in 2004 by the ACFE. She was named a Top 100 Women in Maryland three times by the Daily Record and recently a Leader in Law. She traveled to Amman, Jordan where she taught White Collar Prosecution to fifty judges and lawyers for the Rule of Law program. She holds both Certified Inspector General and Certified Fraud Examiner credentials. In 2019, she was elected to the Board of Directors of the Association of Inspector Generals. She previously taught Principles of Fraud Examination at the University of Baltimore and continues to serve on the Dean’s Advisory Committee for the Law School. She earned an undergraduate degree in accounting from James Madison University, a master’s degree in business administration and a Juris Doctorate (law) degree with honors from the University of Baltimore.

Episode 34 - Eduardo Luna

The city hums with traffic, footsteps echo on concrete, and danger hides in plain sight. From crosswalks to corridors of city hall, one watchful guardian keeps the streets of San Diego safe. This is Eduardo Luna. By day, he is an Audit Executive of a great California city. By calling, Eduardo protects people who walk, drive, bike, and live their lives one intersection at a time.  With a sharp eye on policy and a heart anchored in public service, he audits what truly matters. Street design. Traffic controls. Safety programs that decide whether citizens arrive home or don’t. His work doesn’t just improve processes. It saves lives. So look both ways, listen close, and take heart. Here comes Eduardo. Champion of safer streets. Guardian of his community. Saving lives… one audit at a time. CHAPTERS: 00:00 - Introduction 01:20 - How pedestrian safety issues prompted city audits in San Diego 03:37 - Focusing on enforcement: police citations and compliance gaps 05:04 - Education campaigns: PSA, signage, and public awareness 08:20 - Impact of audits on saving lives and urban safety improvements 12:26 - Linking policy development with audit findings on pedestrian safety 15:55 - Strategies for maintaining focus and managing complex audits 18:03 - Simple, effective audit approaches 20:47 - Wrapping up ABOUT EDUARDO LUNA: Eduardo Luna is an experienced Chief Audit Executive with over 31 years of performance auditing experience at the federal and local level of governments (San Jose, San Diego, and Beverly Hills). He has overseen a 25-person office and conducted audits of organizations with an operating budget of over $1.0 billion. He established the first independent audit offices for the cities of San Diego and Beverly Hills, including hiring personnel, and creating and overseeing Whistleblower hotlines. Eduardo is highly experienced in auditing under Government Auditing Standards and auditing all facets of government operations, programs, contracts, and agreements. This includes identifying best practices to improve performance and service delivery. Eduardo holds a Master of Public Affairs from the L.B.J. School of Public Affairs, the University of Texas at Austin (1989); and a B.S. in Political Science from Santa Clara University (1987). He also holds a Certificate of Completion, for Senior Executives in State and Local Government, John F. Kennedy School of Government, Harvard University (2011). He is a nationally recognized leader in government performance auditing and a lifetime member of the Association of Local Government Auditors.