This week on The Audit Podcast, Rafael Kon, Chief Auditor at Mitsubishi Power, talks about how internal audit can stay connected to a company’s strategy while keeping controls strong. He shares how he uses automation and data to improve processes, why shorter and more practical audit reports can be more effective, and how his thinking on audit co-sourcing has changed over time. Rafael also gives his take on Vision 2035 from the IIA and how he measures success in internal audit.

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Timecodes:

1:40 – What’s in Rafael’s ChatGPT History

4:51 – J-SOX

9:00 – Connecting Internal Audit to Strategic Goals

17:14 – Bringing in a Data Scientist

22:33 – Building Data Literacy Within the Team

31:37 – Vision 2035

36:25 – Plan vs. Reality

41:45 – Final Thoughts

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