Internal audit in a changing world

Transcription

1 ACCA UK s annual internal audit conference Internal audit in a changing world Tuesday 15 May 2018 Crowne Plaza Hotel NEC, Birmingham

2 The issue The speakers ACCA UK s annual internal audit conference Internal audit in a changing world Tuesday 15 May :00 16:45 Crowne Plaza Hotel NEC, Birmingham Cost: 209 Discounts: Book on or before 15 April 2018 and save 20 by paying 189 per delegate The internal audit landscape has changed hugely over the last 30 years, moving from the internal control questionnaire (ICQ) approach, through systems based auditing and into risk based approaches. It has seen a sea change from internal audit being defined as a service to management to today s widely accepted definition of an independent, objective assurance and consulting activity designed to add value and improve an organisation s operations accomplish its objectives and improve the effectiveness of risk management, control and governance processes. (Source: International Professional Practices Framework (IPPF), The Institute of Internal Auditors). The transformation continues, at seemingly ever increasing pace with, among other things, new technology, demands from stakeholders for better and predictive assurance on business delivery, new business models, greater regulation and whether it s seen as a threat or an opportunity the advent of AI. Internal audit needs to continue with developing agility, integration, transparency and the prognostic approach that together demonstrate its value to stakeholders, and this conference will explore these ideas. managing director, Hill Bingham Ltd CPD accredited self-leadership, self-success speaker partner, KPMG

3 The programme Chair s details Registration with refreshments Chair s introduction Sarah Pumfrett Coping with modern technology (automation and agile) Refreshment Break Leadership the role of a leader within an audit Lunch What does a CEO / chairman look for from internal audit? Internal audit relationships are they really effective in your organisation? Refreshment Break The medium to long term future of internal audit and the macro-economic environment Chair s closing remarks Sarah Pumfrett Pumfrett is a chartered certified accountant, chartered internal auditor and specialist member of the Institute of Risk Management. She found her internal audit vocation through a chance role with Aberdeenshire Council where she was involved in audits of commercial operations, education, consumer protection, environmental health, planning, social work, and investigations. She has spent the last 14 years working in the oil industry on a combination of upstream, midstream, downstream, IT and corporate audits (including joint and multi-venture work) and currently holds a role in the specialist data analytics team within the internal audit function, supporting front line auditors and investigators with their data analysis requirements. She served on the Aberdeen Members Network Panel from 2006 to 2015 (Chair from 2013 to 2015); and ACCA s Internal Audit Members Network from 2012, taking on the role of vice chair 2014 to Close The conference was relevant, engaging and varied Sarah Ingram, FCCA Management accountant, Trades Union Congress

4 Session details COPING WITH MODERN TECHNOLOGY (AUTOMATION AND AGILE) Digital technology continues to transform and disrupt the world of business, exposing organisations to both opportunities and threats. In this age of dependence on IT systems, effective IT security is a business imperative. Knowing more about key IT risks and how to manage them is important for all businesses success now and in the digital future. Richard Chambers, IIA president, wrote: The technology risks we face today are increasingly complex, and a sophisticated, wellthought-out approach is required to manage them. This session will explore these approaches and how the focus of internal audit can help manage the risks to secure its value to stakeholders with ongoing change. LEADERSHIP THE ROLE OF A LEADER WITHIN AN AUDIT The session will explore a number of key matters: how does effective leadership encourage people to challenge current deliverables, ways of working, initiatives and resourcing, to simplify processes and remove bureaucracy?; facilitate showing what everyone s doing and what s likely to happen, so improving governance and preventing problems?; integrate management processes into one process and system, facilitating leadership and reducing cost?; let people apply for any opportunity to contribute, fulfilling aspirations and increasing productivity?; and, enable self-managing teams, empowering people and releasing managers to lead? Can leadership link every outcome, activity and resource in a dynamic network, increasing understanding, accountability and successful business delivery? WHAT DOES A CEO / CHAIRMAN LOOK FOR FROM INTERNAL AUDIT? To what degree and by how much do the views of the CEO or chairman agree with or differ from the International Professional Practices Framework definition of internal audit? Is there a disparity? And, if there is, what should the profession do to address it? If there isn t, how do internal auditors work better in collaboration with the CEO and chairman? Is that even considered desirable? The session explores the arguments and contradictions. INTERNAL AUDIT RELATIONSHIPS ARE THEY REALLY EFFECTIVE IN YOUR ORGANISATION? Effective working relationships with all stakeholders are critical to valued internal audit delivery and a communication plan is pivotal to stakeholder management. Ask any chief audit executive and they ll say that their audit service is good at communication. From the audit plan, through client meetings, reports and follow-up they will say communication is effective. But KPMG s 2017 Global Audit Committee Pulse Survey found significant ambiguity in whether internal audit is maximizing its value; audit committees just don t know. So how can all internal audit team members be advocates for their service, trusted advisers with interaction outside of touching the tangent for planned audits and measure the effectiveness of their performance more generally? This session explores some practicalities and examples of successful practices. THE MEDIUM TO LONG TERM FUTURE OF INTERNAL AUDIT AND THE MACRO-ECONOMIC ENVIRONMENT KPMG s 2017 Global Audit Committee Pulse Survey reveals that audit committees see two key issues: 1) risk management and 2) how internal audit can maximize its value to the organisation by focusing on key areas of risk and the adequacy of the organisation s risk management processes. Such risk in the macroeconomic environment may include economic factors; demographics; legal, political, and social conditions; technological changes; and natural forces, and might include competitors, changes in interest rates, changes in cultural tastes, disastrous weather, or government regulations. The session will explore how internal audit can secure its future by focusing on the critical risks to the organisation, including key operational risks and related controls, moving beyond compliance and financial reporting risks, with audit plans that are flexible and adjust to changing business and risk conditions.

5 Speaker details Managing director, Hill Bingham Ltd is an expert trainer and consultant with over 20 years experience providing services to the private and public sector in fraud (cyber) risk management, data security/ protection and internet investigations and open source intelligence. Stephen spent over 11 years working for a top national firm of chartered accountants heading the fraud and forensic group, leading an expert body advising clients on prevention, detection and recovery of fraudulent assets, working closely with the police, HMRC and private sector. He is a trustee director of the Fraud Advisory Panel and chairs the Fraud Advisory Panel s Cybercrime Working Group with colleagues from the public, private, and third sectors. He is an honorary member on the steering committee of the London Fraud Forum and sits on the Association of Certified Fraud Examiners UK Chapter committee. He has written for several well-known publications, including The Sunday Times, Accountancy Magazine, FS Focus, Recovery Journal, Charity Finance, and Solicitors Journal, and commented on Radio 5 and the BBC s Real Story. Accredited speaker and trainer Joy s mission is to Inspire the Worlds Professionals to live a happy and successful life. She is known for her incredible, purpose-filled, healthy perspective to work and everyday pressures. Whereas others push you to work harder and make sacrifices, Joy focuses on working with excellence and stepping through challenges in order to stand out and get better results. Joy serves as a director on two boards and is author of the book Keep Stepping! Essential ways to lead yourself and others through challenge and change. Joy is an authority in the areas of self-leadership and using personal skills to influence and engage. Some of her clients include Interflora, Michelin, Oracle, BBC, NHS, The Police Superintendents Association and CIPD. Partner, KPMG Stuart is a Partner in KPMG s financial services practice specialising in internal audit. He has worked extensively with the UK financial services industry over the last 20 years with roles in both professional services and industry. Whilst with KPMG Stuart has completed a 12 month secondment to a high street retail bank as the chief uuditor with responsibility for technology, security, change, operations and payments running a team of 140 auditors. Before joining KPMG Stuart was the internal audit director for Prudential plc s group head office, treasury and investment advisor audit teams. His delivery responsibilities included the planning and delivery of audits for these functions, all group-wide thematic audits and special investigations. In addition, he also provided development support to the methodology team and delivered two methodology consulting projects to develop and implement the group audit function s approach to the audit of culture and to update the function s approach to the rating of audit findings. Prior to his time at Prudential, Stuart was a Partner in PwC s insurance and investment management sector where he led the internal audit services team.

6 Booking form ACCA UK s Annual Internal Audit Conference Internal Audit in a Changing World Please visit: to register and book online. Alternatively, please complete the booking form using BLOCK CAPITALS throughout. If you wish to book more than one delegate, please photocopy this form. Please book a place on the Internal Audit Conference Internal audit in a changing world INVOICE TO For the attention of: Mr/Mrs/Miss/Other (please specify) First name Surname Organisation Address Is this a home address? Tel no. VAT reg. no. Post code business address? Fax no. DELEGATE DETAILS Membership no. (if applicable) Are you an ACCA? FCCA? (Please note these letters will appear on joining instructions and the delegate list) Additional designatory letters SPECIAL DIETARY REQUIREMENTS (tick as appropriate) Vegetarian Other (please specify) TERMS AND CONDITIONS For full terms and conditions, please visit: accaglobal.com/content/dam/members-beta/docs/ events/uk/terms-and-conditions.pdf JOINING INSTRUCTIONS Joining instructions are usually sent at least five working days before the start of an event. If you have not received your joining instructions three days prior to the event, please call the Professional Courses team on ACCA will not be held responsible for non-receipt of joining instructions and refunds will not be issued under such cirmcumstances. PAYMENT METHOD (tick as appropriate) Please note, ACCA courses run by CAET are VAT exempt. I enclose a cheque (made payable to CAET) for Please charge to my: Mastercard Visa Amex Maestro Visa Debit Please note that card transactions are processed by Worldpay on behalf of the Certified Accountants Educational Trust. Name of cardholder Cardholder s address Mr/Mrs/Miss/Other (please specify) First name Post code Surname Job title Tel no. Mobile no. Cardholder s Card no. Issue no. Start date Expiry date Correspondence address Please invoice The purchase order number/reference is: Is this a home address? Post code business address? I have read and accept the terms and conditions Signature MANAGING YOUR CONTACT DETAILS From time to time Professional Courses contact past course attendees with future event information that could be of interest. Please confirm whether you are happy to be contacted. Please contact me with event information Please DO NOT contact me with event information. Date Please return this form to: CAET, Professional Courses, ACCA, The Adelphi, 1 11 John Adam Street, London WC2N 6AU professionalcourses@accaglobal.com VAT Registration number: GB