Our 1st Round Table Discussion is on “Role of Accounting Bodies for Betterment of Auditing Profession”. The round table will have members from ICAI, ICWAI, ICSI & IIA deliberating on ways and means for betterment of Internal Audit Profession. Professional accounting bodies have the important mandate of representing, promoting and enhancing the accountancy profession. At the national level, the professional accounting body is the voice for the nation’s professional accountants and auditors. The overall status of the accountancy and auditing profession can only be strengthened when both professional accountants in practice and in business are well-perceived by society.
The 2nd Round Table Discussion is on “Audit Exceeding Stakeholders Expectations”. With the global economy being in a decade of challenges and uncertainties, the key stakeholders of organizations are seeking an approach to Internal Audit that goes beyond reviewing past activities. To meet these expectations, Internal Audit leaders must strive to migrate to more advanced stages of maturity and be a business enabler. This includes evolving the basic auditing processes and skills towards an approach of creating value and bringing insights for an organization.
The 1st Technical Session is on “Emerging Trends in Auditing Risk Management”. Globally Risk Management is evolving and taking centre stage in how companies run their business. Risk Management is being gradually incorporated into Business strategy and growth. This will embed the culture of Risk Management across the organisation to sustain the shocks of uncertainty.
The 2nd Technical Session is on “Power of Digital for Audit Professionals”. Over the last several years, technologies supporting analytics and automation in internal audit have risen significantly. Through internal audit automation, organizations can increase efficiency, decrease errors, and free up resources for value-added work. Internal Audit can now broaden its mandate and sphere of influence to provide actionable insights to management through the anticipation of both risks and opportunities.
Final Session for the Day is a Workshop on “Data Science and Risk Mitigation”. We live in an era witnessing an exponential growth of data. Knowledge is power, and more data can translate into more insights. In a nutshell, risk management through the lens of data science becomes the ability to transform data into action.
Our 1st Round Table Discussion is on “Role of Regulators on Governance Structure and Industry Expectations”. Currently, regulation is largely conceptualized as a legal issue and the questions crowding the regulator’s mind are primarily those of licensing, input-control, price-fixation etc. The relationship between the regulator and the regulated should essentially move from one of industry dos and don’ts to cooperation for the purpose of exploring path-breaking solutions. This way, the prospect of novel solutions is organically meshed with the rules framework governing the sector in question, and the regulator ends up facilitating ideas as much as regulating them.
Next is a Technical Session on “Fraud Risk Management”. All organizations, irrespective of size and sector of operations, can face fraud risks. It is a major concern that can have a devastating impact on an organization’s bottom line, its reputation and even its continuity. Fraud risk management is a proactive approach towards fraud and aims at preventing and detecting fraud early on.
Final Session for the Day is a Workshop on “Cyber Security Risk & Incident Response on Cyber Breaches”. A typical cybersecurity attack can result in a combination of attack across target segments within an organizational network and data that can result in critical infrastructure being exposed. A good cybersecurity framework is therefore an imperative, keeping into consideration how an organization builds its cybersecurity strategy that encompasses an integrated and holistic approach centred on security orchestration, analytics and incident response.
We hope to hold the audience enthralled with the presentations and deliberations by eminent professionals. Looking forward to active participation from everyone.
The two-day summit allows delegats to revolutionise debate on real-life experiences and cultivate innovative solutions to reshape the quality of your Internal Audit & Risk Management. Delegates will take back valuable information with regards to high level risk management program, upcoming challenges, profiling fraudsters, empowering internal audit commitee, investigation framework, & internal control program to become a Smart Auditor.