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Drata Talks Navigating Audit Integrity and Independence Troy and Elliot chat with Drata's Kevin Kriebel about how vendors should support neutrality and auditor independence.
Time: 45:13
In this episode, host Troy Fine and producer Elliot Volkman welcome guest Kevin Kriebel, VP of Business Development at Drata. The conversation focuses on the challenges and intricacies of maintaining auditor independence and integrity in the compliance automation landscape. Key topics include the impact of bundling and price fixing on audit quality, the need for improved TPRM functionality, and the role of enterprises in ensuring higher standards. The discussion also addresses the importance of education and transparency in mitigating the risks associated with low-quality audits and driving market changes.
01:04 Introductions and Ground Rules
02:23 Discussing Auditor Independence
04:30 Challenges in the Audit Industry
06:19 Vendor Relationships and Audit Integrity
10:14 Education Gap in Compliance
23:58 Industry Price Fixing Concerns
27:30 Discussing Audit Automation and Vendor Practices
28:19 The Problem with Bundling Services
29:02 Challenges in Vendor Accountability
30:34 The Role of TPRM and AI in Compliance
33:29 The Importance of Education in Compliance
38:24 Market Dynamics and Compliance Requirements
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Release Date: 12/12/2024, 11:00:31
