C Level My Way

As I was going through my previous posts (that I have to manually copy to this site), I came across this blog. I decided that instead of re-publishing it as is, I’ll post it here instead;


Risk-based audit

Written by virayvibe on February 10, 2008 – 8:37 am

First training I attended this year is ‘Adding Value Using Risk-based Auditing.’ This program is awfully familiar to me as I was already trained by SGV and this has been mentioned frequently during my CIA review. So why did I take it? My boss asked me to, so what can I do?

As expected, I was bored to death as I once again encountered slides about audit standards and practice advisories (give me a break!). But thanks to most trainees who happen to be Chief Audit Executives (CAE), I just had this realization.

Four years ago I applied for an analyst position at PNOC-EDC because my batch mate in college advised me that there was an opening. After I passed the exam, I vividly remember how confused I was when the CAE’s secretary called me up to schedule an interview. At that time, who would have thought that audit department needs an engineer to fill an auditor position? But as I was assigned with diverse audit engagements which required me to meet people with varying positions from different places, observe and review unfamiliar procedures, I did not realize that 3 years of rich experience has passed. Yet questioning my audit competency never left my mind because I pursued an engineering course not accountancy. That insecurity, together with the desire to go abroad, pushed me to take the CIA exam.

A year ago, I left EDC knowing that somehow I contributed to its success of being partners with business owners. Gone are the days that auditors were viewed as policemen or ‘cops on the block.’

Now I am already a Certified Internal Auditor and planning to take the CISA (Certified Information Systems Auditor) in the near future.

So what is my realization then? Surprisingly (to me and I guess to those who I have worked with), I now know what I would want to end up in the future. I would want to be a Chief Audit Executive myself. Based on standards, CAE should report functionally to the Board of Directors specifically the Audit Committee and administratively to the CEO. Not bad for a position eh? Well, I’m gonna push my luck (I don’t want whammy!)… we’ll see.


Seven years after, that wanting to be a CAE all came back to me. I was far from being one, but I was on the right track then. But God has bigger plans. Now, I am reporting to the CEO (who happens to be my husband who in reality reports to me joke!) and instead of reporting functionally to the Board of Directors, I am one of them. hehe…

Some realizations.

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