January Meeting
Thursday the 22nd
CityPlace Conference Center
Lunch Meeting 12:00pm
Registration begins at 11:30am
Enterprise Risk Management
Amy Schillings
Enterprise Risk Management (ERM) is not new. It is part of the
evolution taking place since the inception of the Committee of
Sponsoring Organizations’ Internal Control - Integrated Framework.
Because of the complexity and depth of institutionalizing an ERM
process, COSO has now developed an ERM Framework in hopes that it will
assist organizations in understanding, communicating, initiating and
carrying-out ERM in their organizations. ERM may also help answer
plaguing questions about how to comply with Sarbanes-Oxley requirements.
Download Amy's PowerPoint presentation
(240 KB).
Amy Schillings is an independent consultant who specializes in
risk management, audit report writing, audit process innovation, and
audit leadership and technical skills. She has conducted over 200
courses in various internal audit and related topics to nearly 5000
individuals from over 20 different countries, and all types of cultures
and political environments. In addition to seminar instruction, Amy
provides consulting services both nationally and internationally. She
has worked in the internet services, construction, banking, utilities,
and investment industries.
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Pre-Meeting 10:30am
Sarbanes-Oxley – A Marketplace Update/Discussion
Jonathan Pike & Rob Brant
Ernst & Young
Are you addressing Section 404 of the Sarbanes-Oxley legislation
consistently with those in the marketplace? Jonathan Pike and Rob Brant
from Ernst and Young will share what they are seeing in the market place
on how companies are reacting and addressing the requirements of SOX
404. Ernst & Young will cover what they are seeing being completed in
the area of Internal Audit, Finance – Accounting, and Risk Management as
it relates to this legislation.
Jonathan Pike has provided professional services to a variety of
companies for more than 18 years. Jonathan currently serves on Ernst &
Young's
Southwest Area's Section 404 Leadership and Implementation Group.
Jonathan has served clients in the area for more than seven years, and
previously worked in Ernst & Young’s National Office where he focused on
new technology implementation. His experience includes assisting
companies in performing customized risk assessments, overseeing
engagements designed to provide operational efficiencies, working with
companies to transform existing internal audit environments into leading
practice functions, evaluating sensitive accounting estimates and
processes surrounding those estimates, preparing and reviewing SEC
filings, identifying and evaluating issues related to acquisitions
(including integration of “back office” processes), and identifying and
evaluating strategies to maximize synergies of merging entities. He is
currently assisting a number of area companies with implementation of
the new Sarbanes-Oxley Section 404 rules including Dresser Industries,
EDS, Neiman’s, Network Associates, CompX, Concentra, and Southwest
Airlines.
Robert E. Brant is a Senior Manager in the Business Risk Services
Practice and serves as the Southwest Area Operations Leader for the
retail, distribution, and manufacturing industries. Prior to this role,
Rob served as the global internal audit services leader for the
retail/distribution/manufacturing industry. Rob has over 18 years of
relevant finance and operations experience, working with Ernst & Young
and a Fortune 200 manufacturing company. In addition, Rob is the
Southwest Area Business Risk Services Sarbanes-Oxley leader responsible
for providing technical guidance to clients on emerging issues and
trends. His clients have included Alcoa, PPG Industries, HJ Heinz,
American Eagle Outfitters, PDM, Special Metals, IMC, Century Aluminum,
Fleming Industries, Dresser Industries and Kimberly-Clark.
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Post-Meeting 1:30pm
Statistical Sampling Methods for Internal Auditors
Donald K. McConnell Jr., Ph.D., CPA, CFE
The internal control certification requirements of Sarbanes-Oxley
section 404 have rekindled an interest in statistical sampling
techniques for testing internal controls. Most of the larger CPA firms,
and many internal auditors had adopted non-statistical approaches in
lieu of statistical sampling approaches. However, statistical sampling
methodologies allow the auditor to quantify sampling risk, a very
important consideration, in light of heightened legal liability concerns
in the post Sarbanes-Oxley era.
Attribute sampling plans can be very easily and cost-effectively used by
internal auditors to test controls. This presentation will show you how
to utilize three major forms of attributes sampling plans: fixed sample
size plans, stop or go plans, and discovery sampling. You will also
learn when each should be used, as well as common practical pitfalls to
avoid which can invalidate your test results.
Donald K. McConnell Jr. is a Ph.D., CPA, and CFE with over three years of public accounting experience as an
auditor in the Dallas office of KPMG Peat Marwick, where he attained the position of supervising senior. He has
published in Journal of Accountancy, Auditing: A Journal of Practice and Theory, CPA Journal, The Journal of
Accounting, Auditing, and Finance, and Journal of Business Research, in addition to other journals. He received
an editor’s commendation for an article in the January 2003 issue of Journal of Accountancy. He is also the
author of Public Company Auditor Changes and Big Eight Firms: Disagreements and Other Issues, a book published
by the University of Michigan Press. He is presently vice president of the Dallas Chapter of the Association of
Certified Fraud Examiners, and an accounting professor at the University of Texas at Arlington, where he has
received a Distinguished Professional Publication Award and Outstanding Undergraduate Teacher Award from the
UTA College of Business Administration. Recently, the University of Texas at Arlington recognized him as
being the Outstanding Student Organization Advisor. He was recipient of the prestigious Association of
Certified Fraud Examiners Distinguished Achievement Award in 2002.
Make your Reservation On line!
 
This meeting is being held at CityPlace Conference Center. |
