Weekly Wrap – 3rd September 2015

Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Emerging Trend

At McLeod Governance we are often about what are the emerging trends that we see in the space of audit and risk.

One emerging trend that we are starting to notice is the use of non-written mediums to communicate audit findings.

As readers of this newsletter will note of recent times we are starting to identify instances where Auditors General are using mediums such as YouTube videos or podcasts to get their message across.

And it is that which we wanted to briefly talk about today.

The use of non-written mediums of communication will allow the consumer to consume the information in a manner and at a timing of their choosing.

Three or Four Key Messages

What we have seen work well is a short video or podcast that articulates the three or four key messages.

Remember you are not trying to read out the totality of the Executive Summary.

If the person wants to understand the totality of the Executive Summary or the Report they will read it.

So the podcast or the video needs to be something instead that can be neatly encapsulated in a manner that can be easily understood not only be a subject matter expert in the area but by the general population that you are seeking to reach.

Use in Organisations

This is all very well and good for Auditors General who have as their constituency the wider community.  But what about within organisations themselves?

Well – similarly the same principle can apply. Unless what you are talking about is so sensitive that you do not want it shared the sharing of the undertaking of the audit and the findings of the audit will, in and of themselves, improve the control environment.

That can be done by the written word but there are many other mediums to consider.

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