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The Davies Report - black swans

Award-winning thinking and innovation

For over 25 years Todd Davies has helped shape what good looks like in audit, risk and corporate governance in Australia and abroad.

Todd is recognised internationally for his contributions in these fields and has been ranked in as a global top 10 thought leader multiple times including Directors and CRO inaugural exemplar (risk governance), Global top 20 thought leader of 2020 (internal audit), Global top 10 thought leader of the decade (internal audit, risk and assurance).

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The Davies Report is our subscriber-only newsletter that summarises our latest thinking. 

It provides a window into our thinking that is normally only accessible within individual client projects and draws insights across our entire portfolio of work.

We publsh infrequently. Usually quarterly or termly… unless we’re immersed deeply in client projects.

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A well respected and highly experienced audit and risk committee and board Chair put it nicely. 

Hi Todd, I’ve taken the time to read your report thoroughly. You write exceedingly well. Content is pertinent, thought-provoking, novel and of inestimable value. I really like the fact that you don’t regurgitate the flavour of the month commentary but put your comments through the lens of an independent-thinking, experienced eye. A really useful newsletter. 

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The Davies Report Archives

The Davies Report - black swans

  • Insights from the Global Internal Audit Standards Glossary

    Can you understand an entire body of work from reading the glossary? Maybe. Here’s the first in a series of first impressions on the Global Internal Audit Standards.


  • Why everyone needs a Nigel Godrich in their life

    The Beatles had George Martin. Beck and Radiohead had Nigel Godrich. Who have you got helping you?


  • Sleepwalking into structural decline

    Change is rarely linear. Small changes can add up to massive achievements or strategic risk and structural decline. All leaders need to take a longer term view. Here’s how.


  • Australian Government Climate Risk Assessment

    Envisaging the first, second and third order impacts of climate change requires a lot of thought. The Australian Government’s new climate risk assessment is a great starting point.


  • What does your risk function need to be great at – the results

    Designing the right portfolio, position description and search brief for the Chief Risk Officer is an evolving task. We decided to tackle this systematically. Here’s what we found.


  • Setting your risk function up for success

    Chief Risk Officer role function and portfolio design are highly specialised and evolving. Priorities and focus need to match to what the organisation needs. Here’s how we tackled this.


  • Seasons Greetings and 2023 wrap

    A quick note from me after another very full year. The year TDA went global For years I’ve made the case for accessing the best talent in the world, and not just in the city in which people are based. This was a call to arms meant for others, but in 2023 people took me…


  • Thought Leaders vs Influencers

    There are a lot of new thought leaders around. How to you spot a genuine one, and what is the difference betwene the new crowd and the ones that have been at it for the past few decades.


  • What is the difference between coaching and consulting

    Coaching, mentoring, advisory and sponsorship are all different things. This is how we think about it.


  • Our Submission to the IIA Standards Board

    IIA ran an unusual process of making all submissions private and not available to the public. A number of thought leaders have made their views public. We’ll be running a ruler over their response in due course. Here’s our submission in full. Dear Team IIA Exposure Draft Submission IIA ran an unusual process of making…


  • What you need to know about the IIA Exposure Draft

    IIA’s consultation period on the proposed IIA Standards ends shortly. There’s a lot in it and too much for many to get through. Here’s our quick summary of what’s in it, what’s working and what needs to be done to bring it home. Please use and share if you find it useful. And please do…


  • The Davies Report – February 2023 – Flow State February

    Flow state February Welcome to the February edition of the Davies Report, our irregular bulletin for progressive and emerging audit and risk leaders. In this edition: January reset Back in March 2021 I commented on the early signs of widespread burnout that was emerging after the first year of the pandemic. This is now well accepted, showing…