Speaking at Conferences in 2010, continued

Excellent feedback from IIA Chapter and District meetings has resulted in several new speaking opportunities this quarter. The list of topics is broadening, though the central themes remain data analysis and continuous auditing and monitoring. Among the newest new topics are a Data-Driven Approach to Enterprise Risk Management and Social Media 101, in addition to existing programs around anti-fraud programs and continuous auditing and monitoring.

Recent speaking engagements booked include National AICPA Conferences (i.e. NAAAT's - the National Advanced Accounting and Auditing Symposium and Controller's Workshops) and industry conferences with the Association of College and University Auditors (ACUA) and Association of HealthCare Internal Audit Conference (AHIA), among others. At AHIA, we'll be co-presenting with Chase Whitaker of HCA HealthCare, and at ACUA's Annual Conference we'll be co-presenting with Scott Stevenson of Emory.

We are currently preparing for our Wake-Up session on May 19, 2010, at MISTI's SuperStrategies, the Audit Best Practices conference to be held in Orlando. Our session is entitled Hot Topics in Continuous Auditing: Fraud, FCPA, and More. We will recap a number of Continuous Auditing implementations that touch on frequent risk assessment and frequent control assessment. This session will describe ways to integrate the multitude of audit software platforms that can occasionally challenge, if not even overwhelm internal audit departments.

For more information on bringing partial-day or even full-day speaker programs to your IIA, ACFE, ISACA, or CPA society meeting, please contact us via the comment feature of this blog below.

Joe Oringel
Visual Risk IQ
Charlotte NC, USA

Speaking at Conferences in 2010

Continuous auditing and data analysis were hot topics as IIA and ISACA programs for 2008 and 2009, and each remain of interest here in the new year. In the last two weeks, we have booked Continuous Auditing and Data Analysis programs in Houston on February 1, and also for the North Carolina IIA District Conference in Charlotte on March 18.

In Charlotte, we will be co-presenting with Dr. George Aldhizer and David Payseur from Arrowpoint. Each of these programs will feature the Continuous Auditing Maturity Model that was published in the Sept / Oct 2009 issue of Internal Auditing. (Reprints available on request - just leave a comment on this post or send an email).

We are also scheduled to speak at the AICPA's National Advanced Accounting and Auditing Technical Symposium, specifically about a data-driven approach to Enterprise Risk Management. This ERM topic is one that we expect will be repeated at other conferences, as using data analytics for risk assessment, whether internal audit project selection or for broader enterprise risk assessment, can be a very powerful application.

Though registration information is not yet posted for this conference, we have also received word that Visual Risk IQ has been accepted as a speaker at the AICPA's Controller's Conference, where our topic will be Social Media and its application for Finance and Audit. So look for more Tweets, Blogs, and LinkedIn updates on that topic as the arrangements are finalized.

Wishing each of you the best for a healthy, happy, and prosperous 2010.

Regards,

Joe Oringel
Visual Risk IQ
Charlotte North Carolina, USA

NC State ERM Roundtable - GREAT Session from David Fox of KBR

Attended this morning's session in Raleigh for NC State's ERM Roundtable and had the pleasure to hear some thought-provoking ideas from both Dr. Mark Beasley (NC State) and David Fox of KBR in Houston. Thank you to Oversight Systems for their sponsorship of the event.

More on David's presentation later today, but for now here are a couple of resources that we know will be of interest to the ERM and Internal Audit community(s).

1) AICPA's Research on the Current State of Enterprise Risk Oversight, published April 2009.

Research by the American Institute of Certified Public Accountants (AICPA) and NC State ERM Initiative finds that while the volume and complexities of risks are increasing extensively, risk oversight is fairly immature, ad hoc, and the source of frustration for over 700 executives surveyed. Some great factoids from the survey...

• Over 1/3 of organizations surveyed note they were caught off guard by an Operational Surprise either "Extensively" or a "A Great Deal" in the last five years. Another 1/3 of organizations faced a "Moderate" operational surprise.
  
• Almost half (47%) stated that they are "Not at All Satisfied" or "Minimally" satisfied with the nature and extent of reporting of key risk indicators to senior executives regarding the entity's top risk exposure.
  

But

• 44% of organizations surveyed have no enterprise-wide risk management process in place and no plans to implement one.
  
• An additional 18% without ERM processes in place indicate they are currently investigating the concept, but have made no decisions about implementing ERM.

Said in a sentence or two...Firms have been bitten by risk, they are not satisfied with executive and board-level reporting about risk, but they're not doing much about it. No wonder ERM is so hard!

Read more about Enterprise Risk Management at NC State's very thoughtful and thought-provoking Portal.