Join our acclaimed annual internal audit conference next month when the focus will be on auditing the four horsemen of the apocalypse.
ACCA UK Annual Internal Audit Conference – Auditing the four horsemen of the apocalypse Wednesday 13 May London £190 (discounts available) Book now
The four horsemen of the apocalypse have variously been interpreted as representing war, false prophets or sickness, famine and death.
The four horsemen have their modern day equivalents in the battles within the European Union, those on its borders and in the Middle East; overstated profits at Tesco; the Ebola virus disease; austerity measures; and organisational death where entities do not recover - to give just a few examples.
Is internal audit always shutting the barn door after the horsemen of the apocalypse have bolted? Are we so blinkered by our focus on historic failures of risk management that we fail to identify the elephant in the room that our current risk management has not learned the lessons we all blithely speak about? Do we always just fix the last problem rather than look ahead to potential problems?
We seem to suffer from collective amnesia – failures happen over and over again and organisations always think that it will not happen to them. We cannot just tick the boxes and hope for the best; we must live up to our professional obligations to the organisations we represent and society as a whole.
Regardless of which sector you work in, the globalisation of everything has made us more vulnerable. With so many people working overseas and travelling for work, could Ebola land on our shores? Bird flu has come back – will this affect our food chain? If the conflicts in the Middle East and Eastern Europe cannot be resolved, what does it mean for our energy security?
Having shored up our banks, what will be the next crisis into which public money will be poured to prevent collapse – will it be the postal service which is already threatened by competition from external organisations not constrained by the obligations of Royal Mail?
Internal audit has a vital role to play in assurance including in relation to the effectiveness of governance, strategic objective setting, risk management, execution of ‘business as usual’ activities and continuous learning and improvement.
Our speakers will share their insights from being involved in major incidents at their organisations and will discuss practical responses to four types of catastrophic risks that delegates can take back with them.
Key features This conference aims to explore a world in turmoil and the issues of reputational management that accompany such turmoil. Internal audit has an important role to play in ensuring that an organisation is prepared to respond to these potential risks. Sessions will cover:
1) The four horsemen of the apocalypse Andrew Garner – CEO, Andrew Garner Associates
This session will address the issues presented by market changes, risk in its various forms, the current priorities and behaviours of Plc boards and senior commercial management, especially as they relate to the internal audit function. In doing so Andrew has chosen to frame his remarks around the ‘Four Horsemen of the Apocalypse’ as a metaphor which, instead of invoking mythology, will revolve around examples of issues that are framing the world in which we are all striving to be successful in making a living for ourselves and trying to create a safe environment for our children and generations to come.
2) Cyber security for internal auditors Darren Brooks, MEng PhD CISSP – practice director, Wipro
Internal auditors are often asked what is being done about cyber security by the board without either party understanding the subject. Our speaker will put a definition on what cyber security actually is and will explain how the cyber threat landscape has evolved in the past five years. The speaker will also talk about some of the recent cyber-attack trends and techniques.
To have an intelligent conversation about how cyber security is being managed in an organisation, a key starting point is to ask how cyber risk should be managed and by whom. It is important to define sets of activities and capabilities that are required at all levels of the organisation. Our speaker will discuss how internal audit can assess the effectiveness of those activities and capabilities in managing cyber risk.
In this world of cyber security, does your internal audit team have the knowledge and skills to play its part in the defence of shareholder value from cyber-attack and if not, what do you do about that?
3) Crisis and continuity planning – thinking outside the box Daniel Roberts – group head of risk, FCG
So, we didn’t plan for this scenario, and now it’s all gone wrong? Risk management has failed and we are no longer in a ‘business as usual’ situation. So what happened, and why didn’t we see this coming? More importantly, how do we set ourselves up for success in advance of the crisis and how do we navigate through the three phases of crisis management, disaster recovery and business continuity? This session will look at how to recover from the unplanned, the unexpected and the unknown.
4) Implementing risk management – practical lessons Rui Bastos – group head of audit & risk management at Reliance Industries
Enterprise Risk Management (ERM) is one of the cornerstones of modern corporate governance. The implementation of ERM processes in major corporates has significantly increased but with different degrees of success and effectiveness. While there is extensive literature on ERM, many still view the topic as more of an art than a management science. The session focuses on the practical aspects of implementing and operating an ERM system in a corporate environment. The presentation discusses the key deployment and operational challenges and lessons learnt with a focus on:
establishing the business case for ERM
building management support and ownership
establishing and embedding sustainable ERM processes
ensuring effective risk management discussions to drive value from risk management outcomes
enabling ERM processes through systems such as SAP – risk management
aligning the corporate risk management ecosystem – risk management, internal control and assurance functions.
5) Practical auditing of project risk management Richard Archer, B.A. M.Sc. App Dip MIRM – chief risk adviser, BT Business
Risk management is crucial to project success, and audit can contribute massively by making sure that project managers are being effective with their risk management. With projects people are often working with the ‘new’: new ventures, in new teams, with new technology, in new markets etc, and cannot rely on past experiences to manage risks effectively. This session will consider the aspects of project risk management that project managers must get right, consider the pitfalls for auditors of project risk management and touch on advanced practice.
Prices and how to book At only £190, this full-day conference already represents tremendous value for money but book two or more delegates and pay only £170 per delegate.