# The Good, The Bad, and The Underrated of Compliance Audits

Page: https://stenobird.com/podcast/grc-uncensored-7039393/the-good-the-bad-and-the-underrated-of-compliance-audits
Text version: https://stenobird.com/podcast/grc-uncensored-7039393/the-good-the-bad-and-the-underrated-of-compliance-audits.md
Podcast: [GRC Uncensored](https://stenobird.com/podcast/grc-uncensored-7039393)
Published: 2025-02-27T11:00:00+00:00
Episode link: https://shows.acast.com/grc-uncensored/episodes/67bfb6233beb1d1463c901f1
Audio file: https://sphinx.acast.com/p/open/s/6702dcb9c88f09c3e0b9a10a/e/67bfb6233beb1d1463c901f1/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/grc-uncensored-7039393/episodes/the-good-the-bad-and-the-underrated-of-compliance-audits
Duration seconds: 3954

## Resource

In this episode of GRC Uncensored, hosts Troy Fine, Kendra Cooley, and producer Elliot Volkman dive into an unfiltered discussion with Joseph Kirkpatrick, founder and president of KirkpatrickPrice. The focus is on the implications of private equity and compliance automation tools in GRC. Joseph shares his insights on how the influx of private equity funding and the rise of 'SOC in a box' platforms have transformed the GRC landscape, often negatively impacting audit quality and independence. Key topics include the challenge of maintaining ethics in auditing, the adverse effects of aggressive marketing by compliance tools, and the importance of conducting thorough, unbiased audits. The conversation also touches on the difficulty audit firms face when pressured to lower costs or cut corners to retain business. 01:21 The Impact of SOC 2 Platforms 02:51 Private Equity's Influence on the Industry 03:04 Challenges Faced by Licensed Practitioners 04:32 Marketing Dollars and Industry Perception 06:06 The Role of Compliance Tools 10:51 Conflicts of Interest in Auditing 21:08 The Reality of Zero-Touch Audits 24:46 Trusting Compliance Platforms 33:44 Challenging the Status Quo in Auditing 34:27 Targeting the Right Market 35:09 The Role of Audit and Customer Expectations 35:44 Critique of AICPA and Cybersecurity Education 36:55 Practitioners' Responsibility in Auditing 39:13 The Problem with Automation Tools 43:30 Shady Business Practices in Auditing 47:29 Ethics and Integrity in Auditing 50:34 The Importance of Thorough Audits Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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