Risk Assessment
Meeting 12:00pm - 1:30pm
Registration begins at 11:30pm
Risk Assessments & SOX: Scoring ICFR for
Effectiveness and Efficiency
John Dorsam, CPA - AC Lordi Consulting
Objectives: During this session, John will discuss how to maximize efficiency
in achieving SOX compliance by implementing a top-down, risk based
approach.
Presentation topics will include the following:
- Executing the top down approach to SOX
- Structuring internal controls based on financial statement
assertions
- Risk assessment scoring to identify and stratify points of
potential financial statement failure
- Risk assessments driving the nature, timing and extent of
control testing
John Dorsam is a Principal at AC Lordi Consulting, a leading
national provider of accounting, internal audit and business
advisory services. His areas of expertise include
Sarbanes-Oxley compliance, enterprise and business risk assessment
and management, and building world class Internal Audit departments
and functions. John has been with AC Lordi Consulting for six
years, and has thirty years of experience in corporate and
operational accounting, financial reporting, business process
control design, and internal auditing gained during his time spent
in Corporate Controller and Director of Internal Audit roles for
companies such as Rohm & Haas, Himont, and Hercules. John is a
CPA and holds a BS in Accounting from St. Vincent College.
1 Hour Continuing Education
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CAST Meeting 10:30am - 11:30am
Registration begins at 10:00am
Risk Assessment and Audit Planning
Al Bazis - Dallas Area Rapid Transit (DART)
Objectives: During this session, Al will discuss the merits of a risk based
approach to audit planning and demonstrate a risk assessment
methodology that has worked at Associates, Ford Motor, and DART. He
will also discuss how the risk assessment results are applied to
develop the audit plan.
 After graduation from Creighton University, Al Bazis joined
Arthur Andersen as an Audit Manager. After leaving Arthur Andersen,
he joined Associates First Capital Corp. (now Citigroup) where he
was Senior Vice President of Corporate Audit. He now leads the
Internal Audit department at Dallas Area Rapid Transit (DART) as the
Internal Audit Director. At both Associates and DART, Al has
initiated COSO based audit approaches, using control self assessment
(CSA) and a risk/control matrix approach as basic audit tools. Both
the CSA and risk/control matrix approaches are interactive and begin
with business objectives, proceeding to risks and objectives, risk
ranking, and then to risk control. Al also focuses on using an
annual risk assessment model as a basis of the annual audit plan.
1 Hour Continuing Education
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Pre-Meeting 10:30am - 11:30am
Registration begins at 10:00am
Tax & Treasury Risk Assessments
Kristine Kuntzendorf, CPA, CIA - JCPenney
Managing risks in the Tax and Treasury areas has become
increasingly important in today’s economic environment.
Helping management to formally assess and document these risks as
well as the controls and monitoring processes in place helps to
ensure that all potential risks and exposures have been identified
and addressed.
The objectives of this presentation include the following:
- Understand why more detailed risk assessments in select
areas, such as Tax and Treasury, are value-added and how they
integrate into the annual risk assessment process
- Learn about the Self Assessment approach used at JCPenney to
complete these risk assessments
-
 Share the results of the risk assessments as well as the
benefits derived from the process
Kristine Kuntzendorf is a Senior Audit Manager in JCPenney’s
Internal Auditing department, where she is responsible for audit
projects within the Controller’s, Finance, Tax, Treasury, and
Procurement areas at the Home Office in Plano, Texas. Kristine
has 15 years of internal audit experience at JCPenney, which
includes assignments on various teams, including the Stores Auditing
team and the Marketing Audit team. She received her
undergraduate and graduate degrees from The University of North
Texas in Denton and is a CPA and a CIA.
1 Hour Continuing Education
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Post-Meeting 1:30pm - 2:30pm
Risk Assessment of Organization’s Health Benefit Costs
Richard Stohl, CPA - QBA Consulting
Objectives: The high cost of inefficiency, provider overcharge, payment
error, and fraud and abuse in health benefits warrants more than
casual oversight of health benefits administration. Millions
of dollars in savings can be achieved when internal auditors help
their organizations “watch the store”. Assisting in the
control of health benefits cost has become an extremely high profile
area where internal auditors can enhance their image as a
value-added service to their organization. One way internal
auditors can achieve cost savings, recover overcharges, and minimize
financial exposures is to familiarize themselves with methods for
controlling health benefits cost in high exposure areas. This
presentation will cover risks and exposures in health benefits
administration and will look at how and why things can go wrong.
The presentation will also provide suggestions for internal auditors
in developing a risk assessment of selected exposure areas within
their organizations and how to evaluate and test controls over the
exposure areas.
Richard M. Stohl has extensive health benefits administration
audit and cost control experience and is a recognized authority in
the field. He is the co-founder and president of QBA
Consulting Corporation, which specializes in quantitative benefits
administration audits, claims analysis, and consulting on cost
controls and program stewardship. He was formerly
Auditor-In-Charge with the Office of Inspector General, U.S. Office
of Personnel Management in Washington D.C., where he was responsible
for auditing the Federal Employees Health Benefits Program (FEHBP),
the largest employer-sponsored health benefits program in the
country.
For over twenty years, Richard has helped corporate, government
and non-profit clients identify millions of dollars of cost
overcharges, payment errors, and establish practical methods and
procedures to reduce future problems. Richard designed and
implemented his company’s Medical Analysis and Review System
(“MARS”), which evaluates claim adjudication system controls by
identifying payment errors, overcharges, and other anomalies in the
claim universe. He has written numerous articles and lectured on
subject. He is the co-developer and instructor of the IIA’s Health Benefits Administration
Auditing profession development seminar.
Richard is a Certified Public Accountant and has earned the
Health Insurance Associate (“HIA”) and Managed HealthCare
Professional (“MHP”) designations from the Health Insurance
Association of America (“HIAA”). He is a member of the
American Institute of CPAs and The Institute of Internal Auditors,
Inc. He has a BA in Accounting from San Diego State University
and a MS in Business Financial Management from George Washington
University. Richard served on the Executive Committee of the
Texas HealthCare Anti-Fraud Association from 1991 – 1999.
1 Hour Continuing Education
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Meeting Location
Cityplace Conference Center,
2711 North Haskell Street, Dallas, Texas 75204
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