• 2. Choice vs obligation: motivation shapes the effectiveness of your audit

  • Aug 20 2024
  • Length: 7 mins
  • Podcast

2. Choice vs obligation: motivation shapes the effectiveness of your audit

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  • Summary

  • Spoken (by a human) version of this article.

    The motivation(s) for commissioning an audit can determine how effective it will be.

    Consider a personal health check-up:

    • Sometimes we undergo medical check-ups because we don’t have a choice. We need to - for example for workplace requirements or for insurance.
    • At other times, we choose to undergo such check-ups. We want to maintain optimal health and catch any potential issues early.

    Often, our approach differs depending on whether we are forced to, or choose to.

    The motivations – need vs want – can define how we prioritise them, what our interactions with the medical professional are and how we view the results.

    Our engagement and satisfaction levels are generally higher when we choose (than when we are forced).

    The same holds for audits.

    https://riskinsights.com.au/blog/need-vs-want-an-audit

    About this podcast

    A podcast for Financial Services leaders, where we discuss fairness and accuracy in the use of data, algorithms, and AI.

    Hosted by Yusuf Moolla.
    Produced by Risk Insights (riskinsights.com.au).
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Management Economics
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