Overview

IAS Seminar: Hot Topics for Audit – Get Ready for 2019

Date

December 03, 2018

Location

New York, NY

Hosted by

SIFMA IAS

Overview

As we prepare our audit coverage and plan for 2019, we need to focus on some key emerging risks that are creating significant impact across financial services.  Some of these crucial emerging risks include: industrywide cyber-attacks, anti-money laundering, data privacy, audit coverage risk, business continuity and ethical behavior. As a result, financial organizations need to evaluate and address the challenging risks associated with these emerging areas in order to help ensure a successful 2019. Session attendees will learn and enrich their understanding in these fields based on the presentations and discussions.

Hear Industry Experts From:

  • Deloitte
  • EY
  • BNY Mellon
  • Treliant
  • Fordham Gabelli School
  • Experis

Program

8:30am – 9:00am

Registration & Continental Breakfast

9:00am – 9:50am

Managing cyber risk in today’s digital environment is extremely challenging, whether your organization is public, private or governmental. In response to the growing frequency and severity of cyber-attacks, many organizations…

Managing cyber risk in today’s digital environment is extremely challenging, whether your organization is public, private or governmental. In response to the growing frequency and severity of cyber-attacks, many organizations have decided it’s time to focus more of their efforts on cyber risk, starting with a cyber risk assessment. This approach to proactively dealing with the risk of cyber-attacks increases the organization’s awareness of the potential impacts and costs, and enables them to take actions that reduce the overall risk to the organization, minimize the impact of cyber-attacks, and more predictably ensure the continuity of essential services.

This session will provide a high-level overview of assessing cyber risk and explore the following:

  • Threats and root causes of breaches
  • The changing regulatory landscape
  • Security frameworks and tools
  • Practical ways to assess your risk and organizational exposure
  • Key elements of a successful cyber risk management program

Whether or not you have embraced a formal cyber risk management program, this session will provide practical advice on the evolving nature of cyber risk management, how to develop and incorporate an assessment process into your organization’s overall risk management efforts, and how cyber risk management can improve your organization’s ability to withstand a cyber-attack.

Participants

Stephen Head

Speaker

Stephen Head

Director, IT Risk Advisory Services

Experis Finance

Stephen Head’s Biography

9:50am – 10:40am

The velocity of change in the cyber threat landscape is increasing. Threat actors including hackers, organized crime, activists, competitors, nation states, etc., are getting more sophisticated in their attacks. Companies can…

The velocity of change in the cyber threat landscape is increasing. Threat actors including hackers, organized crime, activists, competitors, nation states, etc., are getting more sophisticated in their attacks. Companies can and should do more to engage risk and security experts at the start of digital transformations and to be more proactive in their cyber risk management. This session will present a proven, programmatic, enterprise approach to effective cyber risk governance, identification and assessment of cyber risks including threats, cyber risk response, cyber risk monitoring and reporting, and industry trends in the quantification or valuation of cyber risk.

Participants

Michael J. Hodges, Eric Lantz, Charlie Leonard

Speakers

Michael J. Hodges

Director, Cybersecurity & Privacy

PwC

Michael J. Hodges’s Biography

Eric Lantz

Director, Cybersecurity & Privacy Advisory Services

PwC

Eric Lantz’s Biography

Charlie Leonard

Director, Cybersecurity & Privacy

PwC

Charlie Leonard’s Biography

10:40am – 10:55am

Networking Break

10:55am – 11:45am

The presentation will discuss the conditions that can lead to an ethical collapse and the ability to recognize an ethical dilemma. Foundational concepts of ethics will be extended to develop strategies…

The presentation will discuss the conditions that can lead to an ethical collapse and the ability to recognize an ethical dilemma. Foundational concepts of ethics will be extended to develop strategies for reflective practice in managers and subordinates as well as effective communication strategies to promote an ethical culture.

Participants

Barbara M. Porco, MBA, ALM, PhD, CPA, CFE, CFF

Speaker

Barbara M. Porco, MBA, ALM, PhD, CPA, CFE, CFF

Associate Professor of Accounting, Fordham University Director for the Center of Professional Accounting Practices, Director of the Masters Accounting

Fordham University

Barbara M. Porco, MBA, ALM, PhD, CPA, CFE, CFF’s Biography

11:45am – 12:45pm

The session will discuss risks involved with the selection, implementation, and validation of AML monitoring systems. The session will also address the mitigating controls for the various risks identified. The…

The session will discuss risks involved with the selection, implementation, and validation of AML monitoring systems. The session will also address the mitigating controls for the various risks identified. The framework of an effective model risk management program consistent with supervisory guidance on model risk management will also be discussed.

Participants

Martin V. Jaundoo

Speaker

Martin V. Jaundoo

Senior Manager

Treliant LLC

Martin V. Jaundoo’s Biography

12:45pm – 1:45pm

Networking Lunch

1:45pm – 2:35pm

With a wide field of responsibilities and risks to consider, Audit Committees are wearing many hats. From cybersecurity to financial reporting, technical topics are many. Adding to an already heavy…

With a wide field of responsibilities and risks to consider, Audit Committees are wearing many hats. From cybersecurity to financial reporting, technical topics are many. Adding to an already heavy agenda, there have been several key technical accounting standards issued by the FASB, including around Leases, Revenue Recognition, and Current Expected Credit Losses (CECL), of which the last two are critical in the Financial Services space. Consequences of failure to adequate and timely implementation could be very significant. Panelists will discuss the key components of the Finance agenda, including the new standards, as well as related impacts to Audit Committees and Internal Audit teams.

Participants

Hania Abrous-McCarthy, Bill Andreoni, Matthew Clohessy, Bill Nayda, Huey Tan

Moderator

Hania Abrous-McCarthy

Managing Director

Gladclif LLC

Hania Abrous-McCarthy’s Biography

Panelists

Bill Andreoni

Senior Director

Pine Hill Group LLC

Bill Andreoni’s Biography

Matthew Clohessy

Senior Vice President, Internal Audit

KeyBank

Matthew Clohessy’s Biography

Bill Nayda

Principal and Founder

Second Pillar

Bill Nayda’s Biography

Huey Tan

Deputy Chief Auditor

Signature Bank

Huey Tan’s Biography

2:35pm – 3:25pm

This session will provide an overview on the AICPA SOC for Cybersecurity examination as well as insights into how organizations can prepare for a future examination.

This session will provide an overview on the AICPA SOC for Cybersecurity examination as well as insights into how organizations can prepare for a future examination.

Participants

Tony DiLiberto, Charlie Willis

Speakers

Tony DiLiberto

Manager, Risk and Financial Advisory

Deloitte

Tony DiLiberto’s Biography

Charlie Willis

Managing Director, Risk & Financial Advisory Services

Deloitte

Charlie Willis’s Biography

3:25pm – 3:40pm

Networking Break

3:40pm – 4:30pm

This session will focus on non-conventional methods in covering cybersecurity from an audit perspective.  Participants will hear about different approaches around controls, security and strategies supporting practical policies in protecting…

This session will focus on non-conventional methods in covering cybersecurity from an audit perspective.  Participants will hear about different approaches around controls, security and strategies supporting practical policies in protecting your firms.

Participants

Jerry Chan, Patricia Voight

Speakers

Jerry Chan

Head of Global Cyber Security Audit

BNY Mellon

Jerry Chan’s Biography

Patricia Voight

Audit Director

Citi

Patricia Voight’s Biography

4:30pm – 5:30pm

Networking Reception

Venue

SIFMA Conference Center

120 Broadway
Floor 2
New York, NY 10271

View on Google Maps

Located at 120 Broadway, a National Historic Landmark and a New York treasure, the SIFMA Conference Center is situated at the heart of New York’s Financial District.

With a rare combination of advanced technologies and sophistication, SIFMA’s Conference Center is fully furnished and equipped to offer unique features that stand alone amongst New York’s leading conference facilities.

Picture of venue

Hotel Accommodations

If you require hotel accommodation, a special SIFMA rate is available at the following:

Double Tree by Hilton Hotel – Financial District
8 Stone Street, New York, NY  10004, Phone# 212-480-9100
DISCOUNT: Corporate ID #0560038852

Club Quarters
52 William Street, New York, NY 10005, Phone# 212-269-6400
DISCOUNT: Password (SIFMA)

Residence Inn New York Downtown Manhattan / World Trade Center
170 Broadway, New York, NY 10007, Phone# 212-600-8900
DISCOUNT: Password (SIFMA)

Accreditation

CPE

Eligible for 7.4 CPE Credits
Participants will learn and enrich their understanding in emerging risks that are creating significant impact across financial services.  Some of these crucial emerging risks include: industry-wide cyber-attacks, anti-money laundering, data privacy, audit coverage risk, business continuity and ethical behavior. As a result, financial organizations need to evaluate and address the challenging risks associated with these emerging areas in order to help ensure a successful 2019.

Fields of Study:

  • Information Technology – Technical: 4.2 Credits
  • Regulatory Ethics: 1 Credit
  • Finance – Technical: 2.2 Credits

Program Level: Intermediate
Delivery Method: Group Live
Advance Preparation: None

For more information regarding refund, complaint, and/or program cancellation policies, please contact SIFMA at [email protected].

CEU Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Terms and Conditions

Cancellations
No refunds will be made for cancellations three weeks prior to the seminar date. All cancellation requests are subject to a $100 processing fee. Cancellations prior to refund cutoff date must be in writing.
Policy
Code of Conduct SIFMA meetings and events are intended to educate and engage our members and industry participants in thoughtful conversations. Inappropriate behavior will not be tolerated. SIFMA defines inappropriate behavior as any possible illegal conduct, verbal or physical abuse of any type, use of derogatory or discriminatory language, gestures or actions, unwanted invasions of privacy, any form of harassment, racism, sexism, or any other targeted comments which are intended to cause personal offense to another participant either in-person at the event or through social media channels, or the violation of any local, state, or federal laws or regulations. If you are involved in or witness an incident at a SIFMA meeting or event that violates this Code of Conduct, please use this anonymous incident report form to let SIFMA know immediately. Please provide as much information as possible about the incident so that we can make a proper investigation. Any violations of law should be reported to law enforcement authorities. SIFMA will investigate any reported incidents swiftly and confidentially if possible. SIFMA, at our discretion, may act on any reports of inappropriate behavior, including but not limited to removing a participant from the meeting or event and/or bar that person from attending future SIFMA meetings or events. SIFMA shall not refund any money paid for such attendee to attend the meeting or event, or for any travel expenses incurred to attend.