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 amDisbursement Fraud and Detection Techniques
Speaker: John Brocar CFE, CFI, Director, Ryan Fraud and Forensic Recovery, LLC
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
10:50 am - 11:05 amTransition Break, Exhibitors & Networking
11:05 am - 11:55 amUse of Frameworks to Improve Audit Communications and Reporting
Speaker: Katie Shellabarger, TCB LLC
Speaker: Steve Weber, CDK Global, Inc
As internal audit functions seek new and creative ways to present meaningful and relevant audit findings, deploying a standard evaluation framework allows internal auditors to simplify, visualize, and standardize the report of audit results. Building on the concepts of people, process, and technology, audits can be scoped, executed, and reported on across 5 basic tenets which are built into every audit (regardless of type). This presentation will discuss with participants how the framework was developed and deployed and how it is useful/beneficial from the perspective of the auditor and Senior Management/the Audit Committee.
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 pmRisk Assessment Harmonization
Speaker: Elizabeth Truelove McDermott, Director of Internal Audit, Northwestern University
Speaker: Matt Booth, PwC
Speaker: John Powers, Director, PwC
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.
3:55 pm - 4:10 pmTransition Break, Exhibitors & Networking
4:10 pm - 5:00 pmWhat Makes a High Performing Internal Audit Department? Insights from Industry Leadership
Speaker: Jonathon Lassa, First Vice President, Internal Audit , Options Clearing Corporation
Speaker: Michael Murphy, Vice President of Internal Audit , Kemper Corporation
Speaker: Marjorie Poulos, Director of Internal Audit , Paylocity Corporation
Speaker: Kyle Newton, Senior Manager, Financial Services Risk Advisory, EY
Attendees will learn and engage in open dialogue from industry executives to gain a concrete understanding of the behaviors and characteristics of high performing Internal Audit Departments.
5:00 pm - 6:00 pmReception, Exhibitors & Networking