Olivia Whipple, CIA
Olivia Whipple is an owner and co-founder at The Audit Library. She manages teams to perform assurance consulting engagements, develops risk-based audit plans, and creates custom audit governing documents for credit unions.
Olivia has over fifteen years of financial institution and audit industry experience. She was an Audit Senior at a regional CPA firm, specializing in financial industry clients, prior to transitioning to Internal Audit. Olivia served as the Chief Audit Executive at a credit union with over $1.3 Billion in assets and was responsible for developing audit plans and programs, managing teams, and reporting results. Olivia worked directly with executive management, the Supervisory Committee and the Board of Directors, and implemented many cost and time-saving measures.
Unable to find a solution for templates and the other required documents she needed as an audit leader, resulting in lost productivity when these were developed in-house, Olivia decided to create a service to fill this void in the market. In 2018, Olivia launched The Audit Library, an online document subscription service for Internal Auditors. A lifelong writer, Olivia authors The Audit Library Blog, an online publication about auditing theory, practice, and the unique challenges and opportunities auditors experience. In 2019, The Audit Library expanded into assurance consulting, upon the advice of clients who expressed the need for providers with industry experience. Olivia has volunteered and performed speaking engagements for various professional and industry organizations.
Olivia holds a Bachelor of Arts from The University of Oregon and a Post-Baccalaureate Accounting Certificate from Portland State University. She is a certified Internal Auditor (CIA) and lives in the Charlotte, NC area.
Other Posts by Olivia
Remote Auditing: The Basics, Pros, and Cons
Since the COVID-19 pandemic started, we have been doing our best to keep up with the rapid changes in the Internal Audit industry. We interviewed
Audit and Compliance: Where to Draw the Line
In my experience, people are inherently good and want to do the right thing. For most of our lives we don’t need to prove our
COVID-19 Trends and How Auditors Should Respond
In a short time, the COVID-19 pandemic has upended the world and changed how Credit Unions do business. Our most recent articles revealed how individual
Coronavirus: Affecting Us All In Different Ways
In our previous blog post, we shared some advice on how audit plans and daily activities may need to change due to the Covid-19 pandemic.
Auditing Compliance 101
My business partner John and I spend a lot of time talking to Internal Auditors, noting trending topics and emerging issues. While The Audit Library
Six Things That Happen to Every Auditor, and How to Handle Them
I’ve been an auditor of some sort since 2006. Several of my closest friends are former colleagues I met on the job, including my business
New Year’s Resolutions for Internal Auditors
Happy New Year everyone! 2019 was full of challenges, opportunities, and adventures for The Audit Library team. 2020 is looking to be busier and better
Auditees Say the Darndest Things!
Last September, I signed on to coach a girls’ running team my daughter participates in. After I was trained and first aid certified, I was
Internal Audit and Risk
My business partner John and I spend a lot of time talking to Internal Auditors. We ask many questions, gathering feedback to make sure our
Effective Audit Budgeting
Auditors, budget season is quickly approaching! Are you prepared? Do you need some solid tips and sound advice to create a budget that is effective,
Leadership Changes Are Coming! Are You Ready?
I recently returned from a trip to Europe with my husband. We had a lovely time visiting ancient churches, viewing many of the world’s treasures,
Auditors Know Everything, Right?!
One morning I got a call at my desk, from an employee in another department. I knew this person, but we didn’t interact often. This
Internal and External Audit: Advice for a Successful Working Relationship
Internal and External Auditors are often lumped into the same category. While there are many similarities, and grey areas that can cause confusion, these two
Quality Assurance Reviews 101
As an Internal Auditor, you spend the majority of your time reviewing other people’s work; making sure they are following laws, policies, procedures and best practices. Then
Are You Using Electronic Workpapers?
One of my best memories from my days working at CPA firms was a hilarious email stream about electronic workpapers. Yes, you read that right!
Auditor Resignations 101
In my previous post, I wrote about the circumstances that lead auditors to resign. Today I’m going to discuss the next phase, the resignation itself.
When it’s Time to Start Looking
Auditing is an unusual profession for many reasons, one of which is our high turnover. Many auditors, even those less than ten years out of
Management is NOT the Enemy!
Is there a more complicated relationship on earth than Internal Audit and Management? Management has more power than we do, but they can’t fire us.
The Audit Library Consulting Group
Friends, readers and subscribers, I have a special announcement! After many weeks of planning and much work behind the scenes, The Audit Library has expanded
Auditor Charm School
In a perfect world, we would be judged on our work product alone. We would sit in our offices or cubicles, sampling, testing and typing
“Audit Said so” is NOT a Reason!
I worked as a bank teller for about five years, after I got my undergrad degree. Equal parts human regulatory encyclopedia, expert cashier, crisis negotiator,
Recommended Reading for Auditors
I love to read, but my relationship with business writing is complicated. It takes a special person to have both writing skills and business acumen.
Planning, Budgeting and Time-Tracking 101
It is officially planning season! A time for reflection, decision making and patience. Soon to be followed by negotiation, questioning and explaining. And more explaining. Followed
Should You Join a Board?
Well, look at that! A friend, co-worker, acquaintance, neighbor, or fellow parent from your child’s school has asked you to join a board! Isn’t this
Why Internal Auditors Should NOT Write Company Policies
Internal Auditors should not be involved in the creation of company policies. There are several reasons, based on theory and on situations I have personally
Create Audit Department Metrics with Excel
I was at a conference a few years back; sitting in a crowd of at least 300 auditors, most of whom were in leadership at
Whistleblower Hotlines 101
In the auditing world, very few things are simple to understand and easy to accomplish. Today’s topic is an exception. Establishing a whistleblower hotline is
Welcome to The Audit Library Blog!
Hello readers, and welcome to The Audit Library Blog! This is a blog for auditors at any point in their careers. There will be posts
