The Institute of Internal Auditors San Gabriel Valley Chapter

Transcription

1 The Institute of Internal Auditors San Gabriel Valley Chapter Presents The Future of Internal Audit 1-Day Seminar Friday, February 23, 2018 The San Gabriel Valley Chapter of the IIA will be hosting a one-day seminar. The event will focus on providing quality professional education on topics such as: The Pressures Facing IA to Evolve, The Future of People, Work, and Control, and Innovative Technologies, as well as other IA relevant topics (refer to Seminar Overview for details). In addition, the seminar will give participants a chance to network with other professionals at a reasonable price. WHEN: Friday, February 23, :00 AM to 4:40 PM (Registration 7:15 AM to 8:00 AM) WHERE: CPE: MEALS: REGISTER HERE: COST: Downtown Los Angeles 725 S Figueroa St, Los Angeles, CA rd Floor - 03.R306ABC - Conference Center 8 Hours (NASBA) Breakfast, lunch and afternoon snacks will be provided. Also networking reception to follow seminar. Due to limited capacity registration will be accepted on a first come first served basis. Don t miss out the chance to win some cool raffle prizes to be awarded each day! $125 for IIA Members $175 for Non-members Parking fee not included

2 PAYMENT INFORMATION: Pay online or pay with check at the event. Make check(s) payable to: IIA San Gabriel Valley Chapter Attn: Yu-Hau Fu, Treasurer San Gabriel Valley Chapter, The Institute of Internal Auditors, Inc. CANCELATIONS/ REFUNDS: Cancelations / Refund requests should be received by February 22, No refunds will be granted after the event start date. Contact us at registration@theiia-sgvc.org for refund, complaint or cancellation policies. LEARNING OBJECTIVES: PREREQUISITES: ADVANCE PREP: LEARNING LEVEL: FIELD OF STUDY: DELIVERY METHOD: PARKING: Refer to Seminar Overview for agenda, topics and learning objectives. None None Basic Auditing, Information Technology Group-live Plaza parking garage (located at 945 West 8th St.) $16 when entering the garage before 9:00am; $35 when arriving after 9am Metrolink trains (through Union Station), Metro Redline and Purpleline can also be used to commute to Plaza. There is a Metro station right across the street. If you have questions, please contact: Marina Daniel at marina.daniel@ey.com or Diana Estrada at EstradaDT@metro.net

3 NASBA Continuing Professional Education (CPE) Policies San Gabriel Valley Chapter is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website - Website: In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour. One-day programs are eligible for 8 CPE credits. Actual credits awarded are based on actual program length. SEMINAR OVERVIEW - 1 DAY SEMINAR THE FUTURE OF INTERNAL AUDIT FRIDAY, FEBRUARY 23, 2018 From To Description Speaker Company 8:00 8:45 Registration and Breakfast provided 8:45 9:00 Welcome - Introductions and seminar overview Diana Estrada and LA Metro (including learning objectives) Marina Daniel 9:00 9:50 The Future of Internal Audit Garry Goodall 9:50 10:50 Robotics and Advanced Analytics Myles Sansone Josh Pile 10:50 11:00 Break (with IA trivia) Snack provided Diana Estrada and LA Metro Marina Daniel 11:00 11:30 Effective Audit Report Writing and Communication Thi Ngo Styles Rod Machado 11:30 12:00 Integrated Control Testing - Reliable Leverage Ricky Lau Approach and Models Ariel McNair 12:00 12:45 Lunch provided on site 12:45 2:00 Jeff Phillips Richard Lee Chief Audit Executive Panel Discussion - Diana Estrada Perspectives on the Future of IA Ray Machado TrueCar.com 2:00 2:10 Break (with IA trivia) Snack provided 2:10 2:50 Automation of IA Management and Reporting (key topics: audit milestones / SOX status, issue follow up, resource management) 2:50 3:20 Tax Reform Update - Panel Discussion (new topic) 3:20 4:00 Fundamentals of Blockchain and Cryptocurrency Diana Estrada and Marina Daniel John Brooks Ray Machado Lena Hines Tiffany Switalski Chris Billick Bryant Turner Navin Sethi LAPD LA Metro First American Title Insurance LA Metro First American Title Insurance Myles Sansone 4:00 4:30 Digital Audit Committee Reporting Garry Goodall 4:30 6:00 Networking Reception All Attendees and Speakers

4 Presentation 1: The Future of Internal Audit This presentation will provide an overview of the current and emerging pressures facing internal audit functions to evolve. In the next 3-5 years, internal audit has to adapt in key areas, and remain agile, to remain current with business and technological change. Field: Auditing Identifying current and emerging challenges impacting internal audit functions Understanding the key areas internal audit must adapt SPEAKER BIO Garry Goodall, Principal Garry is a principal within Ernst & Young LLP s Financial Services Organization. He has over 29 years of internal audit experience with 27 years auditing in the financial services industry working with diversified financial services institutions. Garry s primary area of focus is banking and capital markets. Garry leads our Banking and Capital Markets Internal Audit team and has been involved, either in a lead or advisory capacity, with most of our largest internal audit-related engagements, whether through internal audit co-sourcing, quality assessment reviews, transformation projects or by sharing thought leadership. He has obtained tremendous working knowledge of the various practices. Chartered Internal Auditor

5 Presentation 2: Robotics and Advanced Analytics The Robotics and Advanced Analytics session will provide an overview of Robotics Process Automation (RPA) and Analytics techniques for Internal Audit. For RPA, the presentation will include defining what RPA is, use cases for how RPA can be used to enhance the efficiency and effectiveness of Internal Audit procedures, and how to go about implementing RPA use cases. The Advanced Analytics portion will focus on performing analytic procedures over structured and unstructured data and specific techniques such as audio analysis and machine learning that can be used by Internal audit to perform analytics procedures. Field: Information Technology Define Robotics Process Automation (RPA) and how it applies to Internal Audit Provide examples of how RPA can be used to enhance efficiency and effectiveness of procedures Define Analytics techniques for structured and unstructured data SPEAKER BIOS Myles Sansone, Senior Myles Sansone is a Senior in Financial Services practice of Ernst & Young LLP. He is currently working on engagements involving Internal Audit and SOX Compliance Readiness. Additionally, he provides expertise in automation of current MS Excel reports through VBA enhancements. Prior to, he received undergraduate degrees in Mathematics and Computer Science, with emphases in applied mathematics and cryptography, respectively. B.S. in Mathematics from Santa Clara University B.S. in Computer Science from Santa Clara University Josh Pile, Senior Manager Josh Pile is a Senior Manager in the Advisory Services practice of Ernst & Young LLP. He has over eight years of experience in the Financial Services industry serving investment and retail banks, broker dealers and asset managers in the areas of internal audit and IT risk management advisory services. In addition, Josh leads Governance, Risk and Compliance (GRC) engagements across multiple platforms, and has experience assisting clients with project management, change management and platform configurations related to GRC and Internal Audit technology solutions. BS in Business Administration, Information Systems from California Poly, San Luis Obispo Certified Information Systems Auditor (CISA)

6 Presentation 3 Effective Report Writing and Communication Skills This presentation discusses the industry s leading practices as it relates to written and verbal communication. It will focus on techniques for illustrating risk statements, stating critical issues, focusing on impactful findings and avoiding negative language. Field: Auditing Learn techniques and approaches for engaging, informing and inspiring an audience through different communication and writing styles Know the do s and don ts for writing clear and concise reports Understand the four factors that set the Tone in communication SPEAKER BIOS Thi Ngo, Manager Thi is a manager in Ernst & Young LLP s Advisory Services practice. She is an information security and IT risk professional with seven years of experience. She has been involved in projects related to information risk and security, identity and access management, IT controls testing and remediation, IT risk and assurance, and internal and external audit. B.S. in Computer Information Science from the University of South Australia Master of Business Information Systems from the University of South Australia Certified Information Systems Auditor (CISA) Rod Machado, Manager Rod is a Manager in the Financial Services Organization Advisory practice of Ernst & Young LLP. He has over 7 years of financial services experience with focus on internal controls, SOX and Committee of Sponsoring Organizations (COSO) assessments, internal audit, quality reviews, debt recapitalization and restructuring, enterprise risk management, corporate fraud, compliance, divestiture activities, segment analysis and reporting, technical research and financial statement audits. BBA in Public Accounting from Pace University Associate Professional Risk Manager

7 Presentation 4 Integrated Control Testing - Reliable Leverage The presentation on Integrated Control Testing will introduce current industry consideration around an integrated testing framework. Consideration will touch on implementation, explore challenges faced by organizations pursuing control assurance while balancing efficiency, and discuss emerging trends around the concept of a Testing Center of Excellence (COE). Field: Auditing Identifying the driver for changes in testing framework implementation Understanding the benefits of a Testing COE Understand the components of a Testing COE, and the various design options that have the capability to achieve reliable leverage SPEAKER BIOS Ricky Lau, Manager Ricky Lau is a Manager in the Advisory Services practice of Ernst & Young LLP. He has over five years of professional services experience in the financial services industry performing internal audits. His previous experience includes conducting audits related to Comprehensive Capital Analysis and Review, Dodd-Frank Act Stress Testing, Capital Markets, Mortgage Banking, Liquidity and Cash Management, Enterprise Risk Management, Technology and Operations, OCC Heightened Standards, and Sarbanes Oxley Act (SOX). B.S. in Mathematics / Economics from the University of California, Los Angeles Associate Professional Risk Manager Ariel McNair, Senior Ariel McNair is a Senior Consultant in the Advisory Services practice of. During her time with the one of the nation s largest banks based financial services companies she had the opportunity to gain experience with the Corporate Banking team as well as the Public Sector team within Capital Markets. Since joining, Ariel has had a variety of experiences primarily serving brokerage and banking clients. Her projects have focused on issue validation and remediation, data analysis, financial and regulatory reporting, management assessments and reviews of operational risk management programs. B.S./B.A. in Finance from Xavier University

8 Presentation 5 Chief Audit Executive Panel - Perspectives on the Future of IA Moderated by Garry Goodall This presentation will provide an overview of the current and emerging pressures facing internal audit functions to evolve. In the next 3-5 years, internal audit has to adapt in key areas, and remain agile, to remain current with business and technological change. Field: Auditing Provide an overview of different internal audit functions across industries Understand the perspective of a Chief Audit Executive (CAE) on the current and emerging challenges impacting their internal audit functions, including key areas their internal audit must adapt PANELIST BIOS Jeffry Phillips, Los Angeles Police Department Dr. Phillips has served over 25 years with local and federal law enforcement agencies. He is currently the commanding officer, and serves as the Chief Audit Executive with the Los Angeles Police Department (LAPD), Audit Division. He has served as President of the International Law Enforcement Auditor s Association, and Chairman of Alta Public Schools in Los Angeles, California. Dr. Phillips teaches for the LAPDs Basic Law Enforcement Performance Auditor Course, is an adjunct professor at Mount Saint Mary s University and California State University at Los Angeles, and has served as a consultant to the Los Angeles County Sheriff s Department. B.S. in Criminal Justice from California State University, Los Angeles M.S. in Public Administration from California State University, Los Angeles Ph.D. in Public Administration from the University of La Verne Ramón Machado, First American Chief Audit Executive Ramón Machado is the Chief Audit Executive for First American Financial Corporation. He is an attorney, CIA, CRMA, CPA, CISA, and CFE who for the past 20 years has provided auditing, forensic accounting, and litigation services as a member of private industry, public accounting, and U.S. regulator. He currently oversees First American's global Internal Audit function with professionals located in the United States, Canada, and Asia. Mr. Machado is a past board member of the Association of Hispanic CPAs and a past Adjunct Professor at Pepperdine University School of Law and Chapman University Argyos School of Business. Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Certified Fraud Examiner (CFE)

9 PANELIST BIOS CONTINUED Diana Estrada, LA Metro Chief Auditor Diana Estrada is the Chief Auditor of the Los Angeles County Metropolitan Transportation Authority (LA Metro). LA Metro has a budget of 5.6 Billion and is unique among the nation s transportation agencies. It serves as transportation planner and coordinator, designer, builder and operator for one of the country s largest, most populous counties. LA Metro is responsible for the continuous improvement of an efficient and effective transportation system for Los Angeles County. Diana started her career at LA Metro 21 years ago as Accounting Assistant and worked her way up to become the Chief Auditor for LA Metro. B.S. in Accounting from Saint Paul College, Q.C., Philippines Certified Internal Auditor (CIA) Certified Fraud Examiner (CFE) Richard Lee, TrueCar.com Chief Audit Executive Richard Lee is Chief Audit Executive at TrueCar.com and has been in that role for the past 2 years. Richard has 17 years of professional experience in Audit, Finance and Accounting. Richard is an alum of s Advisory practice and was a Senior Manager there. Additionally, Richard held the position as the Director of Compliance at MySpace, Inc. Richard attended the University of California at Santa Barbara where he earned a degree in Business Economics with an emphasis in Accounting. B.S. in Business Economics with an Accounting emphasis from University of California, Santa Barbara

10 Presentation 6 Automation of IA Management and Reporting This presentation will share how First American developed and uses automation and analytics to manage the operations of their internal audit function. Presentation will touch on aspects of the functionality of their auditing software TeamMate. Automation covers real time status reporting for internal audits, SOX, issue validation, resource management, and other areas impacting the effectiveness of an IA function. Field: Information Technology Learn how data analytics can be leveraged to effectively manage IA operations Experience the journey to automation, including challenges and milestones of achievement SPEAKER BIOS Ramón Machado, First American Chief Audit Executive Ramón Machado is the Chief Audit Executive for First American Financial Corporation. He is an attorney, CIA, CRMA, CPA, CISA, and CFE who for the past 20 years has provided auditing, forensic accounting, and litigation services as a member of private industry, public accounting, and U.S. regulator. He currently oversees First American's global Internal Audit function with professionals located in the United States, Canada, and Asia. Mr. Machado is a past board member of the Association of Hispanic CPAs and a past Adjunct Professor at Pepperdine University School of Law and Chapman University Argyos School of Business. Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Certified Fraud Examiner (CFE) John Brooks, First American Director John Brooks is a Director in the First American Internal Audit department with over fifteen years of experience in operational, compliance, information technology systems and controls audits. John currently oversees the international internal audit operations for First American as well as the Internal Audit Data Analytics Team. Prior to joining First American, John was a Manager in the Orange County (CA) IT Advisory Services practice of KPMG, LLP, where he was responsible for managing aspects of Audit and Advisory services for large multinational corporations, including IT external and internal audit support, IT project/risk management, IT controls review, business process analysis, system development life cycle methodologies, implementation reviews, security and segregation of duties reviews, business continuity and disaster recovery planning. B.S. in Business Management from Brigham Young University M.S. in Information Systems Management from Brigham Young University

11 Presentation 7 Tax Reform Update - Panel Discussion The Tax Reform Panel will discuss new provisions enacted under the Tax Cuts and Jobs Act and highlight certain items organizations may consider in assessing whether internal policies or procedures should be modified to comply with the new tax legislation. Field: Auditing Understand key aspects of the Tax Cuts and Jobs Act Identify new provisions that are relevant to your organization Determine new rules that impact an organizations internal policies and procedures PANELIST BIOS Lena Hines, Principal Lena is a member of the International Tax Services Capital Markets practice and is based in Los Angeles, California. Specializing in the taxation of financial products, she consults on domestic and international tax-planning opportunities involving financial instruments and transactions, in the fixed income, equity, currency and commodities, markets. As a practicing attorney during the early part of her career, Lena s practice focused on tax issues related to issuances of complex securities, structuring securitization transactions and a tax hedging program regarding a $3B debt portfolio. LL.M., Taxation from Georgetown University Law Center J.D. from UCLA School of Law State Bar of California: Taxation Law Section Tiffany Switalski, Partner Tiffany is a partner in Ernst & Young US LLP s Financial Services Organization Tax practice and is based in Los Angeles. She works exclusively with hedge funds, private equity funds, fund of funds and the related management companies. Tiffany has extensive experience advising her clients on partnership allocations, securities analysis and various state and international tax matters. Tiffany has provided a range of tax consulting and compliance services for her clients ranging from the new fund manager launch to large multi-billion dollar fund complexes. B.A. in Accounting and Management Information Systems from Lewis University Certified Public Accountant (CPA) (certified in California and Illinois)

12 PANELIST BIOS Bryant Turner, Senior Manager Bryant has more than 15 years experience advising clients in the international financial services and private equity space. He is part of s international tax team in the Financial Services Organization where he advises a full range of clients in the international tax area. Bryant assists clients and supports teams in the structuring of international investment funds, with an emphasis on private equity and capital markets. He manages both international consulting and compliance services. B.A. in Economics and Political Science from the University of California, Santa Barbara J.D. and LL.M. in Taxation from the University of San Diego School of Law. Certified Public Accountant (CPA) (certified in California) Christopher Billick, Senior Manager Between Ernst and Young, Deloitte Tax and PricewaterhouseCoopers, Chris has over 14 years of Big 4 experience serving financial services clients in the West Coast market. Chris has a broad range of experience serving banking, capital market and insurance companies. His client s industries have ranged from traditional banks and insurance companies to aircraft leasing, mortgage companies and FinTech start-ups. Further these clients have operated as partnerships, C and S corporations, nonprofit mutual benefit corporations, and Real Estate Investment Trusts (REITs). B.S. from the University of California, Los Angeles Masters of Business Taxation from the University of Southern California Certified Public Accountant (CPA)

13 Presentation 8 Fundamentals of Blockchain and Cryptocurrency This presentation provides an overview of the secure, peer to peer ledger shared across the network which contains viable transactions that are grouped into blocks, also known as blockchain. It will focus on the structural features, common characteristics, key activities and the role and application of blockchain in internal audit. Field: Information Technology Understanding the role of blockchain in addressing organizational risks Identifying applications in internal audit of blockchain SPEAKER BIO Navin Sethi, Partner Navin is a tax partner in the FSO Tax Practice in San Francisco. Navin specializes in providing tax consulting and compliance services to clients in the financial services industry. Navin s recent clients include hedge funds, fund of funds, private equity, venture capital and real estate funds. Navin has more than 20 years of work experience in both the public and private industry. Navin began his career as a tax attorney for a large oil and gas firm in Houston, Texas. Navin later joined a Big Four accounting firm in San Francisco and worked in their asset management practice as well as in their technology practice. Navin was the senior tax partner in the Rothstein Kass Bay Area practice before joining. B.S. in Law and Accounting from University of Texas at Austin L.L.M. from Golden Gate University Licensed Attorney and a CPA in California and in multiple other jurisdictions. Myles Sansone, Senior Myles Sansone is a Senior in Financial Services practice of Ernst & Young LLP. He is currently working on engagements involving Internal Audit and SOX Compliance Readiness. Additionally, he provides expertise in automation of current MS Excel reports through VBA enhancements. Prior to, he received undergraduate degrees in Mathematics and Computer Science, with emphases in applied mathematics and cryptography, respectively. B.S. in Mathematics from Santa Clara University B.S. in Computer Science from Santa Clara University

14 Presentation 9 Digital Audit Committee Reporting This provides an overview of how to transform Audit Committee reporting through digital enablement. Field: Information Technology Understand the genesis of AC Digi Reporter tool and key features Understand how to enhance the impact and effectiveness of Audit Committee reporting Provide an overview of the methodology to enable transformation SPEAKER BIO Garry Goodall, Principal Garry is a principal within Ernst & Young LLP s Financial Services Organization. He has over 29 years of internal audit experience with 27 years auditing in the financial services industry working with diversified financial services institutions. Garry s primary area of focus is banking and capital markets. Garry leads our Banking and Capital Markets Internal Audit team and has been involved, either in a lead or advisory capacity, with most of our largest internal audit-related engagements, whether through internal audit co-sourcing, quality assessment reviews, transformation projects or by sharing thought leadership. He has obtained tremendous working knowledge of the various practices. Chartered Internal Auditor