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

This presentation will discuss the essential elements of monitoring disbursements from a fraud, waste, and abuse perspective. You’ll also learn how to use data analytics as effective tools to reduce the risk of fraudulent activity and safeguard disbursements within Accounts Payable.

• Vendor to Employee Matching is Critical – this is the foundation of everything else

• Related Party Transactions – Verify state incorporation records

• Review Vendors with Residential Addresses

• Utilize Third-party Data Sources

How to reduce time and effort from your stakeholders in providing relevant Information to the Organization's risk management activities across ERM, Compliance, and Internal Audit. Techniques to be discussed include:

• Consolidating the interview process with representatives from ERM, Compliance, and Internal Audit

• Agreeing upon a common risk framework and vocabulary

• Designing a risk based internal audit plan, compliance program, and ERM strategy that complements each other’s activities to address enterprise wide risk areas.