Variety Pack

E&Y

Tuesday April 29, 2008
8:30 - 4:30

Radisson Hotel and Conference Center
12600 Roosevelt Blvd., St. Petersburg (Map)

RSVP On-line - When attending under the pre-paid plan, please RSVP with the specific attendees each time.

Price* - $160 members of IIA, ISACA or IMA, $185 non-members

* - for non IIA Package holders

This training qualifies for 8 hours of CPE credit.

8:30 - 12:00, 15 minute break at 10:00

Three Concurrent Sessions - Attendance for any one session will be limited to 40 attendees

Please specify with session you would like to attend when completing your RSVP

Continuous Auditing – Presented by Kate Head

Preventing and Detecting Fraud through Transactional Analysis

Fraud detection and internal controls
Use of data analytics to reduce fraud risk
Common techniques
Fraud versus Misconduct
Common fraud areas and Applications for Data Analytics
Moving from Investigation to Prevention/Detection
Implementation Steps
Establish Scope and Objective
- Determine Resources needed and Available
- Establish standard methodology and structure
- Development
- Deployment

Operational Auditing – Presented by Ken Gentile

This presentation will provide an introduction to Operational Auditing and its auditing perspective. It will include an overview of Performance Measurement and Management as a means to framing the environment of Operational Auditing. We’ll discuss practical techniques for skilled Operational Auditing and offer practical examples and take-away tools.

What Happens When Fraud Happens – Mark Kolman

In this session we’ll discuss our role as auditors in finding and investigating fraud, as well as our responsibilities for educating management about fraud risks and their fraud prevention and detection responsibilities. We’ll look at some of the ways fraud is discovered and what happens when fraud happens. We’ll explore techniques for learning about risks throughout the audit planning process and ways to incorporate testing for these risks as part of our audit program. We’ll review steps that organizations can take to provide improved fraud prevention.

1:00-4:30; 15 Minute break at 2:30

Afternoon session will be presented by representatives of E&Y:

Increasing the Efficiency and Effectiveness of 404 and Internal Control

SEC/PCAOB Guidance Summary
Challenges and Opportunities for Discussion?
Top-Down, Risk-Based Scoping
Entity-Level Controls
Control Rationalization, Optimization, Improvement
Testing Strategies
Alignment with Auditor
Business and Operational Risks

Data Analytics

Data Analysis Is:

Analysis of data to identify anomalies, trends and risk indicators
Analysis is based on entire population of transactions instead of sample
Act of transforming data with the aim of extracting useful information and facilitating the achievement of factual conclusions

Strategic Business Risks

Risks that could cause severe financial loss or fundamentally undermine the competitive position of a company
The risks that industry–leading firms must manage if they are to maintain their dominant competitive positions
Strategic risks may cause dramatic changes in the business environment or outright business losses