In this episode, we explore the thrilling world of auditing through a captivating story of fraud with Pamela Stroebel Powers. The conversation delves into the challenges faced by auditors, the importance of vigilance, and the lessons learned from a real-life case study. Pam shares insights on the intricacies of fraud investigations, the significance of documentation, and the necessity of robust internal controls to prevent fraud. The discussion emphasizes the need for auditors to trust their instincts and the critical role of background checks in safeguarding organizations.
Chapters
00:00 Introduction to the Super Auditor
02:02 The Story of Fraud: A Case Study
11:50 Investigating the Fraud: Uncovering Evidence
19:51 Lessons Learned from the Investigation
29:57 The Importance of Background Checks and Controls
About Pamela Stroebel Powers
Pamela began work with The Institute of Internal Auditors in April 2021 and appreciates the opportunity to collaborate, liaison with, advocate for and provide guidance and thought leadership to public sector auditors around the globe.
Pam came to the IIA with 22 years of experience as an internal auditor in Oregon State Government. Over that time, Pam worked for five agencies; she served as the Chief Audit Executive for four of those, established the first in-house internal audit function in two of them, and in one position coordinated the state’s internal audit activities. Pamela also founded Powers CPA, LLC which provided internal audit, consulting and assurance services to government and non-profit entities for five years. Pam began her career as an external auditor with the Audits Division of the Secretary of State. In addition to her audit roles, Pam has served as a contributing faculty member at Willamette University’s Atkinson Graduate School of Management since 2010. Over the course of her career she has provided training on various topics including auditing, risk management, and ethics to agency staff, management and various professional organizations. She has also served as a course facilitator for The IIA, providing training for audit professionals globally. Pam has been an active member of The IIA, having held various leadership and committee positions, both locally and at the global level. Pam earned a Bachelor’s degree in Accounting from Western Baptist College and an MBA from Willamette University.
