IIA Virtual Symposium: Financial Services - Responding to Crisis
12:00–2:10 p.m. ET
In times of crisis, the financial services industry, more than any other, has to keep productivity at the highest level and continue with “business as usual,” despite evolving risks and challenges. Our current crisis environment, coupled with unpredictable times, means internal auditors need essential and affordable career development training — immediately and often.
Join seven dynamic presenters to stay ahead of critical issues and take the pandemonium out of the pandemic.
Session 1 (Part One): Audit Approach and Methodology: Flexible and Adaptable Auditing During the Pandemic
Date: Wednesday, June 10, 2020
Time: 12:00‒1:00 p.m. ET
What are CAEs auditing during the pandemic, and how they are adapting their audit plans, techniques, and methodologies at the enterprise and engagement levels to accommodate the current remote environment? Find out in this session.
- Hear best practices for keeping the organization on course despite remote working conditions and absences of key personnel.
- Learn about the importance of agility in audit planning and execution as organizations quickly pivot to recovery mode.
Stacey Schabel, CPA
North American Audit Director, Jackson
Stacey Schabel is responsible for the North American internal audit team that examines and evaluates the key activities and processes supporting the North American operations of Prudential plc, which includes Jackson National Life Insurance Company. She assists the board, audit and risk committee members and executive management in protecting the assets, reputation, and sustainability of the organization through assessment and reporting of the overall effectiveness of risk management, control, and governance processes. Schabel is a member of The IIA’s Global Financial Services Guidance Committee.
Mike Cowell, CIA
Executive Vice President and Chief Auditor, TIAA
Mike Cowell leads the internal audit division, which includes the internal audit team and a dedicated internal investigation team, at TIAA, a Fortune 100 diversified financial services organization. In this role, he provides strategic direction to the audit leadership team covering all legal entities and businesses of TIAA. Cowell is a current member of The IIA’s Financial Services Advisory Board, and a former member of The IIA’s Global Board of Directors and the North American Board.
Session 1 (Part Two): Auditor of the Future: New Audit Techniques and Skills That Will Survive the Pandemic
Date: Wednesday, June 10, 2020
Time: 1:10‒2:10 p.m. ET
The COVID crisis has changed the landscape in which we work. Internal auditors are facing their own challenges and opportunities to provide value to their organizations. How might internal auditors operate differently going forward when this crisis is over?
- Understand how to develop and use alternative evidence and testing protocols.
- Use data and technology more efficiently and effectively in a remote environment.
- Gain insights into how financial services firms are auditing controls that may have changed permanently.
J. Johnson, CIA, CPA
Director of Internal Audit, BBVA Compass
J. Johnson has over 25 years of experience in the financial services industry, working ina various roles including traditional accounting, training development and delivery, consulting, and both external and internal auditing. He has been with BBVA USA for about 10 years, primarily focusing on credit, structural, and capital risks, as well as enterprise risk management. Johnson has also worked with a range of companies throughout the industry, from community banks to global investment firms.
Dana Lawrence, CIA, CFSA, CRMA, CRVPM
Senior Director of Compliance and Internal Control, Azlo
Dana Lawrence has 17 years of experience working in the financial services and tech industry in a variety of audit, risk management, and compliance roles including building departments and functions from the ground up, scaling teams, and successfully managing turnarounds. She is a member of The IIA’s Financial Services Guidance Committee.
Session 2 (Part One): Financial Reporting: Impact of the Pandemic on Accounting Rules and Regulations and Control Environments
Date: Thursday, June 11, 2020
Time: 12:00‒1:00 p.m. ET
Tax considerations, liquidity risks, compensation changes, impairment impacts, and innumerable other accounting and finance issues all demand management’s immediate attention. That’s daunting even without remote working conditions and absences of key personnel.
- Examine the impact of the CARES Act passed by Congress.
- Understand accounting rules changes brought about by the crisis.
- Learn about regulatory responses to the pandemic that affect audit and financial reporting.
- Discover how to maintain trust in the organization’s internal controls over financial reporting through COVID-19.
Barb Bergmeier, CIA, CFSA, CRMA, CPA, CISA, CRISC, CLU
Senior Manager, Financial Services Risk Advisory Practice, EY
Barb Bergmeier supports EY clients’ finance, internal audit, compliance, and risk management functions in addressing issues and transforming operations and control environments. She has more than 30 years of audit, accounting, regulatory, IT, compliance, and risk management experience and served in the roles of CAE, chief risk officer, and chief compliance officer, prior to joining EY. Bergmeier has served in a number of national and chapter governance positions with The IIA and has presented at national and chapter events for over 25 years.
Ashlee Earl, CPA, CGMA
Senior Manager, Financial Accounting and Actuarial Services Banking and Capital Markets Group, EY
Ashlee Earl is a senior manager in EY’s Financial Accounting Advisory Services practice with more than 13 years of experience serving financial services clients. She brings a unique perspective, combining technical knowledge gained from serving clients as an external auditor and operational experience from over two years as controller of a troubled financial institution. Earl has additional experience in the areas of US GAAP/SEC reporting, technical accounting implementations, and internal controls and governance, including Sarbanes-Oxley controls design, implementation, optimization, and remediation.
Session 2 (Part Two): Legal & Compliance: Returning to Work with Coronavirus – Compliance and Risk Considerations
Date: Thursday, June 11, 2020
Time: 1:10‒2:10p.m. ET
Our latest challenge is dealing with risks associated with returning to the workplace while preventing the spread of a global pandemic. While the most visible risk may be the public health implications of returning to work, there are also financial, operational, and legal considerations that cannot be overlooked. This means prioritizing risks and objectives in a way that has never occurred. Internal auditors must be knowledgeable about actual and potential obligations of returning to an office environment post-pandemic.
- Understand evolving requirements associated with the COVID-19 pandemic and the related enforcement environment.
- Ensure proper organizational execution of its promises regarding employee health and safety through implementation of proactive COVID-19 prevention measures.
- Identify opportunities to assure stakeholders that social distancing and hygiene protocols from the federal, state, and local levels are being considered and implemented properly.
Carrie F. Ramirez, CIA, CHMM, CDGP
Senior Manager, GWS Program Support and Alignment, General Motors
Carrie Ramirez has 18 years of experience in environmental, health, and safety management. In her current assignment, she leads validation activities for global workplace safety. Ramirez supports manufacturing, warehousing, and engineering activities across the globe and has experience working in each of the three lines of defense.
Course Duration: 2–4 hours
CPEs Available: 4
Knowledge Level: Basic
Field of Study: Auditing
Advance Preparation: None
Delivery Method: Group Internet Based
The IIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional 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.