Assessing Risk, with WeeShirl Ng

Speaking of Signify

08-07-2021 • 23 mins

WeeShirl Ng, Head of Internal Audit at Signify opens up about what an exciting team and job she leads within the company, where she’s been for the past seven years.

In this episode, WeeShirl goes on to explain what exactly internal auditing is within a company, as well as explaining the processes it’s made up of. Surprisingly, this is not as “by-the-book” as one would think. At the heart of auditing is risk assessment, yet risks can be many and diverse.

As Signify operates in 74 countries, they must obey different national regulations, so the risks are also different around the globe. They can vary from corruption to revenue recognition, and everything else in between, so picture it a bit like police work. Like any good detective, the work isn’t just done by a checklist, but a lot more thought gets put into it. To make the processes a leaner and simpler one, the auditing team also goes in to investigate if the elements on the checklist make sense, and how it is possible to make it more efficient.

Ryan and WeeShirl also discuss the changes she’s experienced in her seven years of working in auditing for Signify, which was Philips Lighting when she started. WeeShirl explains some of the changes her job and team went through, as well as growing with the company itself.

Following the conversation of this reimagined police work, Ryan dives into the five alternative questions section of the episode. Here you’ll learn about WeeShirl’s coffee preferences, favorite comfort food and even her hidden talent! Of course, this has nothing on the pure love felt by both Ryan and WeeShirl for the Frozen soundtrack -- and one song in particular. So, if you simply can’t hold it back anymore, just (Let it) go, and listen!