Sponsors

Mid-Atlantic Region 1 District Conference
October 19-23, 2009
Richmond, VA

SESSIONS AND SPEAKERS

SESSIONS

Continuous Auditing

Session Synopsis

In this course, you will be presented and directed through the definition and distinction of continuous auditing, the key components of implementation, and the three phases of the continuous auditing methodology. Upon completion, you will be able to identify the target areas of your business where continuous auditing would be most effective and have the knowledge and tools required to implement, execute, and maintain a continuous auditing program.

After 21 years of working in Internal Audit profession in the financial services industry, Robert has started his own company which develops and facilitates custom internal audit training as well as evaluating, creating, and implementing formal audit methodologies. Prior to starting his company, Robert L. Mainardi was the Vice President of Internal Audit for the Penn Mutual Life Ins. Co. and was responsible for the direction and oversight of the Internal Audit Department. He was responsible for Penn Mutual’s internal audit activities, as well as those of its subsidiaries. Prior to joining Penn Mutual, he was a Senior Audit Manager for The Vanguard Group where he was responsible for the Investment Programs & Services and Methods & Infrastructure teams.

As a professional speaker, Mr. MAinardit leads programs to help clients: Develop and maintain world class internal auditing functions; Create, implement and maintain continuous auditing programs; Draft, finalize and issue high impact audit reports; Establish and facilitate ERM programs; Improve communication and client relationship development; Identify, recruit, interview and maintain quality audit staff.

Mr. Mainardi is an active member of the Institute of Internal Auditors (IIA) and has been a Distinguished Faculty Member for almost 20 years. He is a member of the Vision University Staff and continues to be a featured speaker at IIA and other professional association conferences each year as well as the annual IIA International, GAM, and All Star Conferences. He received a BS degree from The Pennsylvania State University where he majored in Accounting and Business Law. He also earned a master’s degree in Finance from Temple University. Plus, he has merited the Six Sigma Green Belt certification from the American Society for Quality, which recognizes the recipient for unique expertise in problem-solving and statistical analysis. He also has earned the Qualification in Control Self-Assessment.

The Top 5 Mistakes Made By Internal Audit Departments

This course identifies the top five mistakes that audit departments make and presents solutions for addressing them. In addition, throughout the course, the auditor is challenged with “critical assessment” questions which asks them to take an independent view of their department and assess their department honestly.

Enterprise Risk Management

Enterprise Risk Management has long been a topic for auditors and organization management alike. The big question is how do you turn this concept into functional reality in your organization? Dr. Paul Walker has been at the forefront of risk management from its inception. He will cover practical implementations of ERM, relating the experiences of a number of major companies.

Dr. Paul L. Walker is an accounting professor at the University of Virginia. Dr. Walker co-developed one of the first courses on Enterprise Risk Management. He has taught ERM at the University of Virginia, to numerous executives groups and to boards. Dr. Walker has also served as a visiting fellow at the London School of Economics Centre for the Analysis of Risk.

Dr. Walker was one of the original consultants to COSO on their Enterprise Risk Management process and framework and has served as an advisor to both small and large organizations on Enterprise Risk Management (including the Federal Reserve Bank, several Fortune 500 companies, a leading university, and international companies). Additionally, Dr. Walker has been invited to train ERM to international audiences, including companies with operations in South Korea, Japan, and Belgium. Dr. Walker has visited the headquarters of some major companies (e.g., Wal-Mart, Microsoft, DuPont and others) to study their ERM processes. Dr. Walker has coauthored numerous manuscripts on Enterprise Risk Management including the books Making Enterprise Risk Management Pay Off and Enterprise Risk Management: Pulling it All Together. He has also coauthored several articles on ERM including: Managing Risk: An Enterprise-Wide Approach, A Road Map to ERM, and ERM and the Strategy-Risk Focused Organization.

Audit Planning to Address Fraud

This interactive seminar will address resource allocation to assist in fraud prevention and detection. A l;ist of recommended entry level audits to assess the control environment will be included in the discussion. The session will address adopting a fraud strategy, enterprise-wide fraud risk, and fraud tools, and engagement planning for fraud.

Glenn E. Sumners, DBA, CIA, CPA, CFE is on the faculty of Louisiana State University where he teaches internal auditing in the Center for Internal Auditing. Prior to receiving his DBA at the University of Tennessee, he received a BS and MA from the University of Alabama.

Professor Sumners has over ten years professional experience in industry, consulting, and public accounting. This experience includes three years as the Controller of ESP.

Professor Sumners has authored two IIA Monographs, “Developing the Internal Auditor’s Leadership Skills” and “Conducting Internal Audit Interviews.” In addition, he has authored articles in Managerial Auditing Journal, Auditing: A Journal of Practice and Theory, Internal Auditing, Internal Auditor and others. He serves on the Internal Auditor Editorial Advisory Board and the editorial team of the International Journal of Auditing. He currently serves as an IIA Research Foundation Trustee.

He is the Director of the Louisiana State University Center for Internal Auditing. He was named Educator-of-the-Year in 1987 by the IIA and received the LCPA Lifetime Achievement in Accounting Education Award in 1999. Twelve students from the LSUCIA Program have won international awards for the highest score on the CIA exam. He received the 2001 CIA Academic Outreach International Award.

This year, all four parts of the CIA Exam will be covered in the CIA Exam Review. Part 1 will be offered all day Monday, October 19; Part 2 all day on Tuesday, October 20; Part 3 will be covered in two full days, on Wednesday, October 21 and Thursday, October 22; and Part 4 is a half-day session on Friday morning, October 23.

Professor Sumners has over ten years professional experience in industry, consulting, and public accounting. This experience includes three years as the Controller of ESP.

In the last 15 years, Professor Sumners had made over 850 presentations to companies, organizations and IIA Chapters. This list includes over 150 CIA exam reviews in 35 cities and 7 countries. In addition, he provides quality assurance and consulting services to internal audit departments and audit committees. He is a co-presenter in the IIA/LSUCIA Vision University Program.