Presented by Prescott Coleman
Summary: Active auditing combines Lean and Agile techniques, and can drive down wasted time, transforming the auditor–client relationship.
- Know and understand the three pillars of Active Audit
- Apply Lean and Agile Techniques to your audits
- Gain better buy in and collaboration in audits
- Reduce waste and rework
Prescott B. Coleman, MBA, CIA, CISA
Author – Active Auditing – A Practical Guide to Lean & Agile Auditing
Prescott has done work from every “column.” In addition to internal auditing, he was a production floor manager, ran treasury and investments for Colorado’s third-largest city, and guided universities in the U.S. and Canada to develop effective brand marketing programs.
In auditing, he served on the global audit leadership team of one of the UK’s largest insurance companies and worked to build world-wide consistency from their London headquarters. He built their U.S. IT Audit practice and created a team that consulted on new projects and initiatives.
In 2009, he became the first Chief Internal Auditor for Denver Water, the most significant water utility in the western U.S., and over a 10-year period, helped it dramatically transform its operating and control environment.
It was at Denver Water, while immersed in the organization’s uncompromising and highly successful “Lean journey,” that Active Auditing was born.
Prescott is now the global IT Audit Director at IHS Markit, where he is starting to implement many of the tools and techniques from Active Auditing.