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Gary Burmiston

SVP Corporate Audit

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How large is your department?

Team & Organizational Design

< 5 individuals

6-10 individuals

11-20 individuals

> 20 individuals

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8.9k views1 Upvote

How long does an employee typically stay within your team?

Talent Management & Performance

< 1 year

1-3 years

4-5 years

> 5 years

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29.7k views1 Upvote1 Comment

Is AI going to affect the number of jobs in your company in the next 12 months?

Culture & Values AI & Machine Learning

Yes, more jobs created

Yes, jobs lost to AI

Other (please comment)

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50k views11 Upvotes47 Comments

Do you have remote employees on your team?

Talent Management & Performance

Yes

131.9k views209 Upvotes64 Comments

What is the most effective frequency for 1-on-1 meetings with direct reports?

People & Leadership Strategy & Architecture Cloud+15 more

Once a week

Once every 2 weeks

Once a month

Adhoc

What 1-on-1?

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13.1k views12 Upvotes25 Comments

Is a hybrid work strategy going to become the new normal for businesses?

People & Leadership Process Management Talent Management & Performance+1 more

Yes

Unsure

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4.4k views1 Upvote1 Comment

What advice would you give for those looking to improve their networking game? (Select all that apply)

Mentoring & Coaching Personal Development Business Relationships

Prepare and rehearse your elevator pitch

Do your homework before reaching out

Be an active listener

Use your online presence

Join professional organizations

Always follow up

Create an agenda for your meeting

Ask for references or information instead of a meeting

Other (Please list in the comments)

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6k views1 Upvote

Do you think your employer provides adequate resources and support for mental health?

Culture & Values Mentoring & Coaching Employee Engagement

Yes

Somewhat

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1.7k views1 Comment

Does your company have an official support model and/or groups in place for its women employees?

People & Leadership

Yes

No, but we collaborate with external groups

Yes to both, internally and with external groups

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3.8k views1 Upvote

Do you have a culture of internal competition or collaboration within teams in your organization? Teams compete internally due to overlap of job roles or collaborate a shared goal to find the best solution together.

People & Leadership Culture & Values

Competition

Collaboration

2.5k views

What are some use cases of AI in audit processes that can improve efficiency, accuracy, and effectiveness, and how have other companies implemented AI in their audit processes? We have implemented an AI use case to write audit reports. The auditor highlighted that the use of AI saved her days of work by producing a first draft that was well-structured, clear, and concise. The report still needs human refinement, but the baseline report was very impressive.

Disruptive & Emerging Technologies Financial Management Auditing & Logging+4 more

621 views2 Upvotes

Which audit system are you using? I'm looking to update our audit system in the near future - we currently use Pentana. Any good/bad experiences with the systems you use and has anyone changed recently?

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

In the finance transformation space, we typically use ERP platforms which are Eden accounting systems. Then many times there are bolt-on tools, like tools that are effective for streamlining procurement responsibilities, ...read more

45 views1 Comment

Who in your organization writes the "Management's Report of Internal Controls over Financial Reporting", the Internal Audit Department, Financial Reporting Department, Accounting Department, etc.?

Gary BurmistonSVP Corporate Audit in Energy and Utilities4 months ago

At our organization, Internal Audit drafts the report on behalf of management and then reviews with successive layers of management, who are ultimately the signees. We have discussed having the business take ownership but ...read more

1 1 Reply

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488 views2 Upvotes6 Comments

If your audit department has a Quality Assurance Program, how are you selecting audits to review? Additionally, does anyone complete horizontal reviews, e.g. doing a full-scope review of the issue management process, scoping process, work papers, etc.? If so, how are you going about sampling or selecting for the years QA reviews?

Auditing & Logging

Gary BurmistonSVP Corporate Audit in Energy and Utilities8 months ago

For Quality Assurance Audit, we have a UAT( User Acceptance Testing) and SOX compliance which looks after SLA/KPI's timelines and error free accounting and reporting. If standards are met it passes out Quality Assurance ...read more

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4.2k views1 Upvote8 Comments

How are you thinking regarding risk ratings being used for the findings within an Audit Report? Are there any changes to the approach?

Auditing & Logging Peer Insights

Gary BurmistonSVP Corporate Audit in Energy and Utilities9 months ago

Risk ratings are always beneficial in understanding the importance of a finding and how critical it can be for the company. This can also give enough guideline to focus on either improving an existing control or introduce ...read more

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761 views1 Upvote5 Comments

As far as Data Storytelling, how many people are leveraging the principles of International Business Communication Standards?

Gary BurmistonSVP Corporate Audit in Energy and Utilities10 months ago

To be honest, I do not. I try to keep the "story telling" as original and authentic as I can. Every organization is different as well as the audience. When preparing, the final goal, and audience are always my main ...read more

3 1 Reply

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496 views2 Upvotes4 Comments

Are you using AI in your audit process? How so?

Auditing & Logging Finance Financial Management+2 more

Gary BurmistonSVP Corporate Audit in Energy and Utilities10 months ago

At the moment we have a use case where we have utilised it in parts of report writing. We are developing this further to get to a stage where AI will write the first draft of the report based solely on the leadsheet. We ...read more

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5.3k views2 Upvotes12 Comments

How is the approach to GenAI different from other technology investments you've made in the past?

Finance Generative AI

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

GEN AI is evolving very fast due to its capabilities of generating meaningful actionable insights in the form of text, image, audio etc. Its learns from any new developments due to complex use of algorithms. The earlier AI ...read more

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385 views1 Upvote4 Comments

How do you evaluate the ROI of an investment in generative AI?

Generative AI Finance

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

ROI of investment in GEN AI depends upon long term benefits derived by cost of implementation versus manhours saved. The accuracy and usability will also play an important role. The ROI is not only quantitative but will also ...read more

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701 views2 Upvotes5 Comments

Are you using Gen AI to help with storytelling when it comes to finance data? Do you think this could help you expand your influence?

Generative AI Finance Financial Management

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

I'm not currently using it, but there are some cool tools like STORYD, that will help arrange a concept into a story + slides for you.

There's a tonne of tools out there, and as much as they might help you ...read more

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507 views1 Upvote3 Comments

Is anyone on your team worried about AI taking their jobs?

Generative AI Financial Management Finance+4 more

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

No. AI isn't going to replacement most people. People using AI will replace those that don't.

5 1 Reply

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1.5k views1 Upvote8 Comments

Does your Internal Audit Department have a QA review program? If yes, do you leverage sampling when QAing an audit project? Or do you look at all the work within a projected selected for QA?

Auditing & Logging Business Applications Feedback+1 more

Gary BurmistonSVP Corporate Audit in Energy and Utilitiesa year ago

We do have quality assurance review to mitigate risk of errors and ensuring audit accuracy.
We do look at all the work for the project selected for the QA review and validity.

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283 views5 Comments

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