FramewOrk t O DeSign and implement ifc

Transcription

1 Marketing Partner Mumbai 25 th November Bengaluru 7 th December Chennai 9 th December Leveraging COSO internal COntrOLS FramewOrk t O DeSign and implement ifc 8 CPE Hours Networking Opportunities Qualified CIA Faculty

2 about the Seminar The COSO Internal Control Integrated Framework is the original framework that has gained broad acceptance and is widely used around the world. In the 20 years since its inception, business and operating environments have changed drastically (i.e., more technologically driven, more global, more complex), which has driven the need for an updated Framework. This course examines how a principles-based approach can be used to design, implement, maintain, and evaluate a system of internal controls. COSO framework is relevant to both CFO, Chief Accounts officer and finance and accounting professionals as they need to adopt the framework and implement and test the same. Post which internal auditors can use the same framework in testing the controls and giving an assurance to management, board, regulators and stakeholders at large on design effectiveness and operating effectiveness of controls. You will have an opportunity to discuss the implications that the updated Framework presents to the Internal Audit Profession and to individual Internal Audit activities. You will also identify opportunities for using the updated Framework in your Internal Audit process and increase the value of your assurance and consulting services. benefits OF attending This course is an opportunity for :- Internal Auditors to develop the level of knowledge of the COSO frameworks needed to carry out their roles and responsibilities. Internal Audit activities to utilize the COSO frameworks in their audit process. who ShOuLD attend CFO's Chief Account Officer Finance and Accounting Professionals CAE's Audit Managers Experienced Auditors Anyone Involve in Designing or Evaluating Interrnal Control

3 PROGRAM OUTLINE/AGENDA COSO Internal Control Integrated Framework (IC-IF) - Overview Provide an overview of COSO Integrated internal controls framework Discuss the attributes of internal control as it relates to COSO. Discuss the three categories of objectives for internal control. Describe the key requirements for effective internal control. Describe the key components, principles, and points of focus in the COSO Internal Control Integrated Framework (IC-IF). Discuss on how COSO framework can be leveraged for designing and implementing IFC Review a supplemental resource that can be used to determine implications for internal auditors Risk Assessment & Control Environment Describe the key concepts of the four risk assessment Compare and contrast the COSO IC-IF with the COSO Enterprise Risk Management (ERM) Integrated Framework. Discuss the approach and methodology in analyzing risks and prioritization Discuss the importance of fraud risk assessment in COSO Discuss on how risk assessment principle can be utilized in IFC Discuss on how internal auditors should consider results of risk assessment when planning and conducting audits. Describe the key concepts in the five control environment Evaluate controls related to the control environment Determine whether the principles related to the control environment component are present and functioning. Discuss how control environment principles can be leveraged in designing /testing entity level IFC Controls Discuss control environment implications that internal auditors should consider when planning and conducting audits. Information & Communication Describe the key concepts in the three information and communication Evaluate controls related to the information and communication Describe types of information and communication channels and its effectiveness Discuss how information and communication forms an integral part of IFC Discuss the types of reporting and communication to various stakeholders by internal auditor. Monitoring Activities Describe the key concepts of the two monitoring activities Evaluate controls related to the monitoring activities Discuss the importance of monitoring controls to establish a strong IFC Discuss testing of monitoring controls by internal auditor Using the COSO Internal Control Integrated Framework Describe how COSO internal control integrated framework can be adopted Deliberate on how and why COSO framework adoption is implicit in maturing organization Describe the approach to adopt COSO framework in designing and testing IFC. Discuss how internal auditors can use COSO framework as a guidance to assess the maturity of control environment in any organization Control Activities Describe the key concepts in the three control activities Discuss the types of control and mix of control activity types Discuss general controls over technology and its relevance in today s ERP environment Describe how COSO framework and control principles can be adopted in designing and testing control activities for IFC Discuss how internal auditors can contribute in strengthening internal controls in an organization as third line of defense

4 SPEAKERS Giridhar Janardana (All Cities) Past President, IIA Madras Chapter Partner, BlueRidge Consulting Services Anchor - COSO Training Giridhar holds a Bachelor s degree in Business Management (BBM), is a qualified Chartered Accountant (CA) from ICAI India, is a Certified Information Systems Auditor (CISA), US and is a Lead Auditor (ISO 27001), BSI, UK. Giridhar is currently serving as President of Institute of Internal Auditors (IIA), Madras Chapter. IIA is a global association having members in 185 countries. He is also central council member of IIA, India. Giridhar has over 15 years of experience in the field of Business Process Consulting, ERM, IA, Corporate governance, SoX, Operational Audits, Application reviews, Revenue Assurance, process reviews. Deepak Wadhawan FCA, CPA, CIA (All Cities) Chief Executive The Institute of Internal Auditors India 30 Years of Internal Audit and Risk Management Experience across industries and in different set ups as large professional firms including PWC, KPMG, in self practice & corporates. Deepak is currently Chief Executive of IIA India and member of the Global Executive Leadership Team (GELT) - which is the standing body of IIA institute CEO s from around the world. He keep abreast on technical developments in Internal Auditing and Advising corporates on Implementing Internal Auditing Standards, Risk Management evaluation & Business Transformation. Viswanadh Kuchi (Bengaluru) Treasurer - IIA Bengaluru Partner - B.K.Khare & Co Viswanadh is a Partner with B.K. Khare & Co. During his Fifteen years of post qualification working experience in India and abroad, he helped large and mid size corporate clients across industries in India and abroad. He is primarily responsible for leading engagements on InternalAudit, Internal Finance controls (IFC), Enterprise Risk Framework, Governance Risk and Compliance, Sarbanes Oxley (SOX), Information systems audit, Fraud detection and Forensic services. He believes in adding value to the clients, innovating methodologies and enhancing the overall capability of the team. R Ramarao (Bengaluru) Partner - Singhvi, Dev & Unni, CharteredAccountants Secretary - IIA India Ramarao specializes in Risk management, Business processes and internal control areas. He worked with an Information Technology company and for a reputed accounting firm as Manager for their Bangalore branch before joining SDU.He is a Certified Information Systems Auditor (CISA) and is one of the founder members of the Bangalore Chapter of InformationSystems, Audit & Control Association (ISACA). He was the President of the Bangalore Chapter of the Institute of Internal Auditors. Joly Joseph (Bengaluru) General Manager Corporate Internal Audit team Wipro Ltd Joly Joseph is the General Manager in the Corporate Internal Audit team at Wipro Ltd. He is responsible for Assurance and Operations reviews while managing the Forensic Intelligence Unit (FIU) of Wipro. His expertise is in establishing a world class internal audit function across geographies, re-defining the audit methodology, delivering value for audit committees and enhancing the overall capability of the team. Joe is a Chartered Accountant (CA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) and also holds a Post Graduate Diploma in Financial Management (PGDFM). He has over 14 years of Internal Audit and Forensic Investigation experience across Banking, Technology, Insurance, Consulting and Manufacturing Industries. Prior to joining Wipro, Joe was associated with several blue chip organizations like ANZ, HP, AXA, Deloitte and Ford where he had been an integral part of Audit and Investigations.

5 K Vidhyadharan (Chennai) President, IIA India Partner, Mountbatton & Co Senior Chartered Accountant with 35 years of Professional Experience and has Served in very Large Industries for 12 years. He is practicing Experience of 23 years. Vidhyadharan is Rank Holder in CA Intermediate. He is Specialising in Internal Audit, Financial Mgt, Due Diligence and is a Guest Faculty in 6 major Institutions. He has presented Technical papers in National & International Seminars/Conferences and has Obtained Best Paper Award from ICAI. He is Senior Vice President of The Institute of Internal Auditors India, Mumbai, affiliated to IIA Inc, Florida, USA. A R Parthasarathy (Chennai) Past President, IIA Madras Chapter & Partner, RGN Price & Co Finance professional with over 17 years experience in the area of Business Performance Improvement, Enterprise Risk Management and Process Control Reviews. He has advised clients in the area of Cost Control, Off-shoring Strategy, Sarbanes Oxley readiness and ERP implementations. Specialties: Risk Management, Internal Audit, Internal Financial Controls (IFC/ICFR), Sarbanes Oxley Advisory, Control Reviews, Forensic Audits and Compliance. As a President of the Madras Chapter, was involved in organising Conferences, Seminars and Training events, advocating the profession of Internal Audit to fellow professionals in the accounting and finance field. Satish Shenoy (Mumbai) Past President of Bombay Chapter IIA, Bombay Head Of Audit, L&T Satish is a Chartered Accountant, Cost Accountant, Company Secretary & Diploma in Central Excise a 8th rank holder in the final CS examination in He heads the audit function at Larsen & Toubro including L&T Infotech limited covering operations all over the world. He has over 31 years of experience in finance and Internal Auditing. He has worked in different companies such as Hindustan Petroleum, Onida, Lupin Pharma & Reliance Retail. He is also part of the Student Selection process for Welingkars, Matunga. He has delivered Lectures on Internal Audit in different parts of the Country for ICAI, IIA, Cost Institute, ACFE, CII & Asscoham. He is the faculty for programs of BCAS & ICAI. He contributes articles to magazines of professionals bodies.

6 RegistRation FoRm leveraging COSO Internal Controls Framework to Design and Implement IFC Registration Fees:- Regular Price - INR 11,500 + ST IIA Members - INR 10,500+ ST Please register me for 25th November Mumbai 7th December Bengaluru 9th December Chennai Conference fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance. DElEgATE DETAIlS: Delegate 1...Job Title.... Mobile Delegate 2...Job Title.... Mobile Delegate 3...Job Title.... Mobile Company.... Tel....Fax.... Address: Cancellation and Refund Policy You must notify us by at least 48 hours in advance if you wish to send a substitute participant. Delegates may not share a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date content speakers or venue. Terms & Conditions:- Achromic Point holds all the rights to circulate and distribute the information discussed, shared and presented at the seminar.