The 2-day event will provide up to 16 hours of CPE that will include a pre-conference session on report writing and keynote presentations by Danny Goldberg, and Raven Catlin. You can then tailor the balance of the education to your specific needs, choosing from 18 breakout sessions across the following 5 tracks: Executive Leadership Insights (GRC); Risk and Strategic Insights (AF); Information Technology Insights (IT); Ethics & Fraud Insights (EF); and Detecting Fraud Using Data Analytics (DF). See the IIA Southern California Conference website http://www.wrd4ec.org/Program.html for more information.
Prerequisites are not required for any of the sessions below. If one attends the whole full day, he or she will earn up to 8 CPE hours. An online CPE certificate will be issued once the attendee has completed the CPE attestation form.
June 2, 2014
For the past 10 years PwC has conducted the State of the Internal Audit Profession survey. Over the years we have gained significant insight into how organizations are addressing the evolving risk landscape as well as its effect on stakeholders, including the internal audit function. In this year's survey we will delve into several areas including: The differing views of internal audit's role within an organization Critical risk areas and the impact on roles and responsibilities across the organization The impact of increased regulatory expectations on risk management and internal audit plans as well as the resources required to effectively support them Enhanced alignment of the three lines of defense The presentation will report on the survey’s findings and will be published in PwC's 2014 State of the Internal Audit Profession.
Learning Objectives: In this year's survey we will delve into several areas including:
This session will provide participants up to date information on current fraud schemes and risks, together with the latest techniques used to prevent and detect fraud. The interactive program will include war stories and practical tips.
One of the issues facing many financial services organizations is risk and control activities that are performed in “silos”. LPL Financial has been focused on enhancing its Operational Risk Management (ORM) function and capabilities. Internal Audit has been working closely with ORM to harmonize the activities of these two organizations. This interactive session discusses the work that has been performed to:
COSO 2013 is now in place for 6 months. Have you adapted its concepts and principles to your audits and your entire audit department? Better Understanding of the COSO model will enhance your audit results while adding critical value to your company from a Governance and Operational perspective.
If it seems like fraud is popping up everywhere these days, that’s because it is. The Association of Certified Fraud Examiners estimates organizations lose between 5% - 7% of their gross revenue to employee fraud and abuse. That comes to nearly $3 trillion per year around the globe; and those losses come straight out of your bottom line! “The Magic of Fighting Fraud” is both entertaining and informative. The presentation is illustrated with magic and fascinating stories about actual frauds.
Participants will gain valuable insight into the nature and prevalence of fraud and become more aware of how to minimize its effects.
For some companies [regardless of the field or business model], innovation and producing the real product is like attempting to jump the Grand Canyon. The two innovation forces in a company – innovators and producers – tend to repel each other approximately seventy percent (70%) of the time resulting in failures, loss of revenue, and loss of image. This void consists of several critical elements imbedded within the infrastructure and culture that leadership needs to recognize and act upon. In this session we will take a journey from innovation to production to identify the critical capability elements and what leadership must do to tip the balance in their favor dramatically improving the sustainability and resilience of the company.
Social media is one of the most dynamic and rapidly evolving tools used everywhere by enterprises and individuals alike. Some contend social media is just the newest way to communicate with customers, much like email and the telephone once were. On the other hand, I believe social media has fundamentally changed the nature of communication, and these changes drive the need for new internal controls - both procedures and automation. This presentation on social media explores new strategic and operational risks introduced by the use social media, and discusses new internal controls and automated tools organizations can use to manage these new risks.
Field of Study: Auditing
Program knowledge Level: Intermediate
Instructional Delivery Method: Group Live
In this session, I'll use several cases to explain five fundamental steps in fraud examination:
(1) Determining if a fraud has occurred,
(2) Examining documentary evidence,
(3) Interviewing involved parties,
(4) Preparing a fraud examination report and
(5) Testifying in court. Most of the cases will be from my personal experience as a CFE; they involved smaller organizations including a high-tech firm, training & development company and a psychotherapy practice.
I'll also include a few recent cases from the media: Rita Crundwell, Olympus Camera and Bernie Madoff. Participants in the session will be able to: (a) Explain five fundamental steps in fraud examination, (b) Discuss the aforementioned fraud cases and (c) Apply the five steps in their own practice.
Topic: Description Is Risk always a problem to be avoided. or are risks better viewed as options to be exercised. Portfolio analysis informs us that holding the option often has more value than holding the actual investment or commodity. This presentation will challenge your thinking to view risks through a new lenses of optionality. When your view of risk is enhanced then a critical item of your governance structure is your executive decision making protocols. This presentation will also address the culture and practice of decision making for sound risk management.
Learning Objective: Understanding the traditional view of risks Enhancing your thinking to look at risks as options to be exercised Reviewing the importance of executive decision making practices.
Field of Study: Executive Leadership Insights
Program Knowledge Level: Advanced
Organizations presently lean to Data Analytics for better Decision Making. This orientation can be utilized to gauge the level of internal audit involvement in a specific function of the organization. Lately, efforts in corporates have intensified to increase the IA involvement in all functional areas. Traditional coverage areas of IA such as financial and fraud controls have restricted the potential of Internal Audit. Quantifying Internal Audit involvement can serve as the logical basis for taking decisions on Internal Audit involvement into less focused but important areas such as Mergers and Acquisitions, new product introductions and program assessments among others. Corporate objective of realizing anticipated internal audit value can be met and reporting to stakeholders can hold more significance through this initiative.
In this session you will learn:
• Techniques to leverage data analytics to crunch Big Data and helps in taking informed decision and better Audit Committee reporting
• Ways in which to Improve accountability through real time reporting and enhance efficiency to meet stakeholder’s expectation
• Best Practices in bridging the capability gaps by leveraging new technologies in the internal audit function
• Improving the focus and value derived from the Internal Audit function within the organizations
Company boards and senior management must take an offensive stance against conditions that precipitate fraud. Anti-fraud programs that take into account the behavioral and environmental factors that are common among white-collar criminals and their environments are more likely to either deter bad behavior or detect it before it's too late.
Field of Study: Fraud
Program knowledge level: Beginner – Intermediate
Instructional Delivery Method: Group Live
If your audit committee hasn't asked yet, they will most likely be asking what the risk and impacts of the Affordable Care Act are for your organization, and what the Internal Audit or related functions have done or plan to do to assess and address these risks and impacts. Are you ready to respond?
· Discussing the requirements under the employer mandate of the ACA
· Covering the two key penalties applicable to employers
· What are cross-functional team considering, particularly the focus of internal audit to ensure the appropriate control environment is established
Field of Study: Taxation, internal controls
Program knowledge Level: Overview
When you think about your company’s information security risk exposure where are you most vulnerable? Many companies spend millions of dollars protecting the security of their facilities, infrastructure, and applications; however, even the most sophisticated security defenses can be compromised by low>tech social engineering techniques. The goal of the presentation is to raise the overall awareness regarding social engineering.
Key topics of discussion will include the common social engineering methods used, how to audit for them, and provide examples of real social engineering tests performed.
• What is social engineering and what are the common attack methods
• How and why do we fall victim to these attacks
• Learn how to plan and execute social engineering the right way in order to demonstrate the ability to breach your organization’s perimeter network.
Field of Study: Audit, Information Security
Program knowledge Level: Intermediate Instructional
Delivery Method: Group Live
In the 2013 PricewaterhouseCoopers “State of the Internal Audit Profession Study” and a recent related survey, data analytics has played a very prominent role. Internal Audit Directors have cited it as being very important to their firms going forward but also something that is not easy to implement or is a skillset in short supply. Beyond that the surveys say about what is next in internal audit and our own desires to grow our careers, data analytics is something we NEED to be doing.
So, how do YOU get started? Join us for an all-day, hands-on class, “Using Data Analytics to Detect Fraud”. For thirty participants, we will introduce you to the subject of data analytics and the most frequently-used tools and demonstrate how some common data analytics tests are performed in one of the current products in that software class, Caseware IDEA. We will also, assist you with hands-on exercises and case studies to reinforce what you’ve learned. Please consider joining us right after the keynote, since we will be setting a foundation and then building on it during the day. Learning objectives:
· Gain an understanding of the data analytics tools popular with internal and external auditors.
· Learn the functions of data analytics tools that can be used to evaluate data for potential fraud or other irregularities
· Observe demonstrations of how one data analytics package implements these functions and captures the work performed for WP documentation.
· Complete several hands-on case studies taking data analytics from data import to reporting.
This is a hands on class and capacity is limited to 30 participants.
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