Episode 13

Ian Grigg on the Evolution of Trust, Triple Entry Accounting and a New Way of Audit

Ian Grigg on the Evolution of Trust, Triple Entry Accounting and a New Way of Audit

What We Discuss WIth Ian Grigg

Earlier this year, I had read a collection of 7 articles on ‘a new way of auditing’ written by Ian in 2009 whereby he had proposed to ‘perform the check ourselves by relying on a community of volunteers without the need to appoint an external auditor’.

The inability of the auditors to spot the failures that led to the financial crisis had been challenged, and Ian questioned whether ‘audits are part of the problem rather than the solution’.

The main theme with Ian is how technology does a better job at providing trust than what we humans will ever be capable of – and how accounting & auditing can benefit from it.

In this episode, we discuss;

  • How technology can incentivize people to collaborate instead of cheating and;
  • A new way of audit without the need to appoint an external auditor;
  • Limitations of sampling audit
  • The future of centralized audit providers;
  • How TEA helps to prevent financial failures and frauds;
  • His newly published book called ‘The Identity Cycle’
  • And much more.
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Ian
Ian Grigg
Financial Cryptographer
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