In this episode, host Troy Fine and producer Elliot Volkman welcome guest Kevin Kriebel, VP of Business Development at Drata. The conversation focuses on the challenges and intricacies of maintaining auditor independence and integrity in the compliance automation landscape. Key topics include the impact of bundling and price fixing on audit quality, the need for improved TPRM functionality, and the role of enterprises in ensuring higher standards. The discussion also addresses the importance of education and transparency in mitigating the risks associated with low-quality audits and driving market changes.

01:04 Introductions and Ground Rules

02:23 Discussing Auditor Independence

04:30 Challenges in the Audit Industry

06:19 Vendor Relationships and Audit Integrity

10:14 Education Gap in Compliance

23:58 Industry Price Fixing Concerns

27:30 Discussing Audit Automation and Vendor Practices

28:19 The Problem with Bundling Services

29:02 Challenges in Vendor Accountability

30:34 The Role of TPRM and AI in Compliance

33:29 The Importance of Education in Compliance

38:24 Market Dynamics and Compliance Requirements

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