59th IIA Chicago Annual Seminar
Monday 04/01/2019
7:00 am - 8:00 amRegistration - Continental Breakfast, Exhibitors & Networking
8:00 am - 8:05 amPresident's Welcome
Chris Denver, President, IIA Chicago Chapter
8:05 am - 9:45 amTomorrow's Risks and Internal Audit: How the Future Will Shape, and Be Shaped by, Internal Auditors
Speaker: Richard Worzel CFA, Futurist
In this presentation, Richard zeroes in on how the future will affect Internal Audit, including:
• Artificial Intelligence – why its influence is going to be pervasive, risky, and revolutionary;
• How technology more broadly, including automation, Evolutionary Algorithms, the Internet of Things, and Fog computing, is going to drastically change the operational future of all organizations;
• Why a futurist’s approach to risk and risk management is different from the conventional view, and what Internal Auditors can gain by adding it to their toolkit;
• Why Internal Audit must continue to shift towards forward-looking as well as backward checking for the welfare of their organizations;
• The trends that are affecting industry, global trade, government, not-for-profits, education, and society, and how you can prepare for the changes to come
9:45 am - 10:00 amTransition and Refreshment Break, Exhibitors & Networking
10:00 am - 10:50 amFASB’s new lease standard: Impact and Implementation Insights
Speaker: Matthew Reierson, Manager, Baker Tilly
Speaker: Mathew Mikulay, Manager, Baker Tilly
Attendees will learn the key implementation and practice issues related to the new lease accounting standard, how to apply the standard to various leasing transactions, and how to prepare to implement ASC 842.
10:50 am - 11:05 amTransition Break, Exhibitors & Networking
11:05 am - 11:55 amSASB and Sustainability Reporting
Bob Hirth, SASB Co-Vice Chair, COSO Chair Emeritus, Senior Managing Director, Protiviti
Fiona Ortiz, Director, Financial Communications and CSR Reporting, Walgreens Boots Alliance
Reporting on Environmental, Social and Governance (ESG) matters is becoming an integral part of corporate reporting. Voluntary disclosure standards developed by the Sustainability Accounting Standards Board (SASB) are one way in which companies can communicate this information to investors and other stakeholders. Learn about these SASB standards, what companies are reporting and the role that internal audit might play in this reporting from a SASB Board member and former COSO Chair.
11:55 am - 1:00 pmLunch
1:00 pm - 1:10 pmTransition Break, Exhibitors & Networking
1:10 pm - 2:50 pmTelling an Epic Story as a Leadership Tool
Speaker: Steve Donahue, Author, Documentary Filmmaker, CEO, Destiny Speaks Inc
Telling the tale of his daring desert odyssey – Steve Donahue unpacks the secrets of the “Epic Story as a leadership tool”. His research reveals how to achieve epic results by energizing culture and careers with this classic narrative. Steve has an epic story from the Sahara. Leaders need one too. Learn to thrive on your shifting sands of change with the same story-based system that builds blockbuster films and packs sports stadiums to capacity.
2:50 pm - 3:05 pmTransition and Refreshment Break, Exhibitors & Networking
3:05 pm - 3:55 pmProtecting the Organization Against “The Threat Within”
Moderator: Jan Hertzberg, Adjunct Professor, DePaul University
Panelist: Jill Rhodes, Option Care
Panelist: Michael Phillips, Founding Partner, VSEC
At the conclusion of the panel discussion, participants will be able to recognize:
• Indicators of insider threats and their impacts.
• Common attacker motivations to commit malicious threats.
• The role of Internal Audit in helping the organization manage insider threats.
3:55 pm - 4:10 pmTransition Break, Exhibitors & Networking
4:10 pm - 5:00 pmHow To Build and Run an Effective Compliance Assessment Program: A Practical, Real-World Guide
Speaker: Chris McClellan, Senior Manager, Deloitte
Speaker: Akbar Pasha, Director, Baxter International
Compliance Assessments are audit-like processes, usually done at a market, country or cluster level, that combine quantitative, analytical and qualitative approaches to measure the effectiveness of the compliance program in mitigating risk in the specific market assessed.
Assessments are opportunities for Internal Audit to break out of its “siloed” audit work and work collaboratively with Compliance, Legal and the market-level business leaders. Assessments are also opportunities for Audit and other participants on the Assessment team to conduct both quantitative and qualitative deep dives into high-risk markets to truly understand the risks and the effectiveness of the current program at managing those risks.
5:00 pm - 6:00 pmReception, Exhibitors & Networking