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

Advice for Internal Auditors

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

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Internal Audit Fundamentals

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

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Piggy Bank
Internal Audit How-To

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,

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Laptop
Internal Audit Fundamentals

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

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Exit
Advice for Internal Auditors

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. 

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Handshake
Advice for Internal Auditors

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.

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Meeting
About The Audit Library

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

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Tip Jar
Advice for Internal Auditors

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

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Books
Advice for Internal Auditors

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. 

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Clock
Internal Audit Fundamentals

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

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Conf Table
Advice for Internal Auditors

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

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Phone
Internal Audit Fundamentals

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

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