2019 September Monthly Meeting


Date: September 6, 2019
Time: 8:00am – 12:00pm 
Location:  DoubleTree Hotel-Campbell Centre (8250 N Central Expy, Dallas, TX 75206)

No prerequisites required
4 Hours Continuing Professional Education

Topics 1: 

Trust by Design:

Emerging technologies and new business models mean new risks and a bigger focus on upside and outside risks. Adopting a risk lens – upside, outside and downside shifts IA’s strategy from avoidance to optimization to achieve better business outcomes. To be successful, organizations will need to shift their focus from simply mitigating risk to embracing new upside opportunities. Striking this balance requires embedding risk and control into strategic decision-making within the front-line businesses and multifaceted approaches to the portfolio of risk. Organizations will also need to develop digital capabilities that harness intelligence and deliver insights across the enterprise. This presentation focuses on how IA’s role in the future will evolve into being viewed as an air traffic control tower. Technology will enable real-time risk monitoring and timely reporting of high-risk findings to instill trust, support confident decision-making and ultimately contribute to increased business value.

Prashant Karanam: Prashant is a Senior Manager in Ernst & Young LLP’s Advisory Services practice located in Dallas, Texas. Prashant is a Certified Internal Auditor (CIA) and has over ten years of experience assisting his clients with consulting projects and specializes in the delivery of Enterprise Risk Management, Data Analytics driven projects, Internal Audit, Contract Risk Services, Sarbanes-Oxley and other regulatory compliance initiatives.  Prashant was also an implementation team member for the Americas Advisory Win Center – an EY Center of Excellence to share knowledge and leading practices among business development teams; enabling them to identify and win opportunities in the market place. Having worked in US, Europe and Asia, Prashant has the experience, skills and education required to help large global multinational companies.

Topic 2: 

IT Risk Assessment in the Age of Disruption:

Technology impacts every facet of how a company functions both financially and operationally. The way we use technology in our everyday lives and at our companies continues to evolve and the pace of change is only increasing. With change and evolution comes risk. Is your company properly prepared and informed related to their IT risks? This presentation focuses on how you can help management perform a proper IT risk assessment that not only addresses the risks of today but will prepare them for a successful future.

Joseph Morgenstern: Joseph is a Senior Manager in Ernst & Young LLP’s Risk Assurance practice located in Dallas, Texas.  Joseph specializes in the delivery of Information Technology Risk services including Internal Audit, Third-Party Reporting, ERP Integrity and IT Risk Management.  Joseph has been providing high-quality professional services for over thirteen years. 

Joseph graduated from the University of Oklahoma in 2004 where he earned his Bachelor’s degree in Management Information Systems.  Prior to joining Ernst & Young, Joseph spent time with Protiviti and PwC assisting his clients with IT Audit, ERP Integrity, Process Improvement and Service Management reviews. 

Topic 3: 

Technical Accounting Guidance: ASC606 and ASC842

The world of regulations and compliance is continually changing and often involves technical accounting changes that can have material impact to our company’s accounting policies. The most recent of these changes is related to ASC606 and ASC842. This presentation will break down these new requirements for how the change effects management as well as how your internal audits and controls should be updated to help mitigate management’s risks associated with these changes.


Jason Larkin: Jason is a Senior Manager in Ernst & Young’s Financial Accounting Advisory Services (“FAAS”). His primary focus is on implementation of the ASC 842 – Lease and ASC 606 – Revenue from Contracts and serves as a region champion for accounting change implementation. Jason has managed and worked on projects related to accounting remediation, preparation of carve-out financial statements, drafting accounting policies and operational policies, offering memorandums, and providing on-call services related to revenue recognition and leases. He has worked in a variety of industries including consumer products, healthcare, technology, private equity, and insurance

Bre Sparkman, Senior Manager, Financial Accounting Advisory Services



Topic 4: 

Executing a successful IIA QAR:

Every IIA function is aware of the standards and the associated external assessment that is required to be conducted to be in compliance. But how can your function achieve beyond the standards and provide leading practice insight to management? The purpose of this presentation is to provide additional areas for you to benchmark your organization against other peers and provide insights to take your organization to a higher level of maturity.


Rusty Peterson: Rusty is a Senior Manager in Ernst & Young LLP’s Advisory Services practice located in Dallas, Texas. Rusty is a Certified Public Accountant (CPA) and has over 15 years of experience leading risk consulting projects and specializes in the delivery of Internal Audit, Sarbanes-Oxley Compliance, Enterprise Risk Management, Data Analytics, and Accounting and Finance initiatives. Rusty’s experience includes 8 years of industry roles including Hedge Fund Controller for $1B public and private CLO funds, VP Operations and Dallas site leader for Private Equity accounting operation, and VP Operations Risk and Control transformation leader in investment banking operations. Having worked in both industry and professional services, Rusty has a highly adaptable skill set and ability to influence improved performance across all types of organizations

Ben Seale: Ben is a Senior Manager in the Advisory Services practice of EY.  He has more than ten years of experience leading co-sourced and outsourced internal audit functions, and regularly leads projects in areas such as risk transformation, SOX compliance, and IA quality assurance reviews. Ben is a regional leader for the task force responsible for advancing the data analytics capabilities across EY’s Risk Advisory practice.  Ben is a Certified Internal Auditor and a member of the Institute of Internal Auditors.

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