Session # - CS Fascinating milestones and real life anecdotes from the treasure trove of celebrated audit professionals. Monday, May 7 th, 2018

Transcription

1 Session # - CS Fascinating milestones and real life anecdotes from the treasure trove of celebrated audit professionals Monday, May 7 th, 2018

2 Agenda 2:20 2:30 Introduction 2:30 3:00 Panel Stories 3:00 3:15 Facilitated panel discussion & Questions 3:15 3:20 Wrap up 2

3 Steve Goepfert Retired Staff Vice President Internal Audit United, Continental Airlines Chief Auditor of Continental Airlines & United Airlines since June 1989 Chairman of the Board of Institute of Internal Auditors, Inc. (IIA) Chairman of the International Association of Airline Internal Auditors (IAAIA) in 1996 and Chairman of the Air Transport Association of America (ATA) Audit Panel in 2003 Steve is on the LSU Center for Internal Auditing Advisory Board, and serves or has served on the Texas A&M, University of Texas at Austin, University of Houston and Southern Illinois University at Carbondale Accounting Advisory Councils A CIA and CPA, Steve graduated with highest honors from Southern Illinois University. He started his career with the Big 8 firm of Coopers & Lybrand, where he worked for over 5 years

4 Neeraj Kumar Senior Vice-President Internal Audit (Retired), Emirates Group CAE and Chief ERM officer for Group since 1982 CFO of Sri Lankan Airline for over 5 years Chartered Accountant and Certified Internal Auditor Founder-President of the IIA Dubai Chapter Founder-President of ISACA s UAE chapter Ex-Chairman & Founder Member of the International Association of Airline Internal Auditors (IAAIA), Recipient of IIA UAE s first-ever Lifetime Contribution Award Believe that understanding human nature is at the very heart of risk management

5 Abdulqader Obaid Ali Chief Executive Officer, Smartworld Chair of the Board of Governors of the UAE IAA Chapter. Other positions: Director of Group Internal Audit and Business Excellence of Dubai World (previous position). Chairman of Group Suggestion Reward Scheme for Dubai World and Chairman of Ideas Arabia.

6 Mohammed A Siddiqui VP Internal Audit and Chief Risk Officer, Facility Association, Canada Assistant Auditor General and Chief Operating Officer, Office of the Auditor General of Ontario ( ) Independent member of the Audit Committee of Etihad Airways ( ) CAE at Hydro Ottawa, CDIC ( ) Senior Vice President Internal Audit Emirates Group ( ) Chartered Accountant, CPA, and Certified Internal Auditor. Past Member of Canadian Council of IIA, and Chair of Education Com. Past President of the IIA Dubai Chapter and past member of the IIA Global Board of Directors

7 The Approach for the panel discussion The panelists have identified 6 themes for this session We will start with all panelists speaking on the first theme: Milestone Career Incidents / Defining Moments in the panelists careers Each panelist will then chose to speak on two or more of the remaining themes The audience will have an opportunity to ask questions

8 Proposed Discussion Themes 1. Milestone Career Incidents / Defining Moments 2. Steps to building a world class audit function 3. Tips to becoming a trusted advisor 4. Significant Encounters with your boss 5. Stories of Pitfalls and how to manage 6. Leadership Qualities and Attributes which were critical for the panelists success as world class CAEs

9 Theme 1 Milestone Career Incidents / Defining Moments in the panelists careers :

10 Lessons Learnt Steve Goepfert, CIA, CPA, QIAL, CRMA Retired - Vice President Internal Audit, United Airlines Steve.goepfert13@gmail.com

11 Defining Moments Senior leader under suspicion IA investigates CAE interviews CEO & Exec team seek CAE input Courage to stand the test Career impacts

12 The Power of WHY The ignorant Doer!

13 Ask the Doer The Front Line v/s the Boss

14 Target the Doer The Thinker seldom implements!

15 The Value Trap The futile debate on estimates!

16 Theme 2 Steps to building a world class audit function

17 Building a World-Class Audit Team Steve Goepfert Hire the best Skillsets are key Look for team members who like to work with others ( 4 thumbs up ) Train/reward Automated tools Data analytics Be on leading edge of emerging trends

18 Theme 3 Tips to becoming a trusted advisor

19 IA as Trusted Advisor - Steve Goepfert High ethical standard Understand business Value-added focus Report the truth (facts) State things that aren t always popular ( litmus paper ) Hire the best people ( hard to soar with the eagles when you are surrounded by turkeys Robert Stevenson) Challenge the common-place be a change agent Leader in understanding emerging risks

20 IA as Trusted Advisor Neeraj Kumar

21 Theme 4 Significant Encounters with your boss

22 Significant Encounters with your boss Neeraj Kumar

23 Theme 5 Stories of Pitfalls and how to manage

24 Theme 6 Leadership Qualities and Attributes which were critical for the panelists success as world class CAEs

25 QUESTIONS

26 WRAP UP