Audit and Compliance

Community information
Internal audit and compliance professionals are facing increasingly stringent regulatory requirements when it comes to compliance reporting and internal control procedures. Join the audit and compliance community to learn best practices from thought leaders on topics such as regulatory compliance, internal audit checklists and audit program strategies.

Webinars and videos

  • Protiviti's IT Priorities Survey results reveal 2/3 companies are going through a major IT transformation in 2014. Join Protiviti's IT Consulting managing directors to discuss why.
  • You are invited to register for our upcoming COSO webinar, COSO 2013: Mapping Controls to Principles. Transitioning to the New COSO Framework is top of mind for many organizations. How do you get started? How do you map controls to principles or vice versa? What are some of the preliminary findings organizations are seeing as they head down the path to implement the framework?

    Please submit top-of-mind questions during the webinar registration process.

    CPE credits will be provided to qualifying attendees.
  • This webinar analyses the FCA’s first year from a broker’s perspective and reveals 5 key insights to keep you ahead of the game in 2014.

    We will discuss:

    · Remuneration: structuring of individual broker remuneration
    · Distribution Relationships: risks posed by Coverholders and Appointed Representatives
    · Sales: FCA Market Reviews including the sale of additional coverages
    · Fines: Lessons learnt from the past 12 months
    · Client Money: Are you compliant?
  • Internal audit functions must anticipate and respond to a constant stream of new challenges. Key findings from Protiviti’s latest Internal Audit Capabilities and Needs Survey show that:

    • Social media, mobile applications, cloud computing and security (specifically with regard to the NIST Cybersecurity Framework) are critical areas of concern

    • CAATs and data analysis remain on center stage

    • Fraud management efforts focus more on technology as well as prevention

    • We have to keep pace with a raft of regulatory, rules-making and standards changes”

    • Internal auditors want to take their collaboration with business partners to a new level

    Please join our webinar on focused on assessing the top priorities for internal audit functions.

    CPE credit will be provided to qualifying attendees.
  • Protiviti has conducted the second-annual Executive Perspectives on Top Risks Survey. We obtained the views of more than 370 board members and C-suite executives about risks that are likely to affect their organisation in 2014.

    Join Managing Director, Mike Purvis and Director, Dirk Verwohlt for a discussion of the report findings.
  • This briefing will consider recent developments affecting structured notes and retail investment products in Europe.

    The participants will focus on the progress of the proposed PRIPS regulation in the EU and related regulatory developments including MiFID II and the on-going debate between legislators, regulators and market participants to the suitability of certain complex products for retail investors.

    Speakers:

    Peter Green, Mofo
    Jeremy Jennings-Mares, Mofo
    Christopher Taylor, The Investment Bridge
    Tom Young, IFLR (moderator)
  • By law, all pharmaceutical, medical device, biotech and drug wholesale companies, regardless of size, are facing the first annual reporting deadline under the “Open Payments” (aka Sunshine Act) program. With complex Centers for Medicare & Medicaid Services (CMS) reporting requirements, many companies are finding they are challenged by manual reporting and data validation. Finance and Compliance teams have the overwhelming task to compile their data accurately, completely, and timely, or face significant fines or penalties. If your company is confronted with the time consuming task of preparing for the Open Payments reporting, be assured there’s an easier solution to help you gain transparency, streamline reporting, meet the requirements and maintain compliance.

    Join Concur, R-Squared, and Trivascular Inc. to learn best practices, tips and solutions to help you process and map your data to meet State, Federal and International disclosure reporting requirements. You will learn about cost-effective solutions designed to validate spend across multiple systems, provide the right level of internal controls, and align with Government report formatting requirements. Hear how Trivascular, an innovative company focused on advancing endovascular aortic repair (EVAR), has streamlined their data capture and integration for Open Payment reporting.
  • Internal auditors play a vital role in their organisation’s strategies and daily activities. Your department’s audit plan should be a well-balanced examination that covers regulatory requirements and aligns key risk areas within the organisation.

    Join Protiviti's Mark Harrison & Adam Christou, as they help internal audit professionals identify hot topics & emerging trends in 2014 to better execute the department’s strategic focus on risk throughout the year.
  • On December 10 2013, the five US bank regulators issued the long-awaited final rule construing the Volcker Rule. This rule generally prohibits banking entities – a broad term that includes banks, bank holding companies, foreign banks treated as bank holding companies, and their respective affiliates – from (i) engaging in proprietary trading, and (ii) acquiring or retaining ownership interests in, or acting as sponsors to, certain hedge funds and private equity funds.

    The final rule incorporates significant changes to the proposed rule, published on November 7 2011, which were made in response to the large number of comments received on the original proposal.

    This webcast is will summarise certain impacts of the final rule on banking institutions, including foreign banking organisations. We shall address aspects of the final rule, including:
    • the exemption for proprietary trading
    • limitations on permitted trading and fund activities
    • fund investment and sponsorship
    • impact on foreign banking organisations
    • definition of a covered fund
    • impact on securitisations
    • compliance programmes
    • conformance period

    Speakers are:
    • Henry M Fields, Morrison & Foerster
    • Oliver I Ireland, Morrison & Foerster
    • Kenneth E Kohler, Morrison & Foerster
    • Daniel A Nathan, Morrison & Foerster
    • Gary Rosenblum, Bank of America Merrill Lynch
    • Danielle Myles, IFLR (moderator)

    New York and California CLE credit will be offered for this webinar
  • IT audit is a dynamic area with high personnel turnover, rapidly changing environments and shifting risk profiles. Protiviti's third-annual IT Audit Benchmarking Survey Report analyses the underlying IT audit trends facing our profession today.

    Attend this webinar discussing key findings such as:

    • Data security is of paramount concern
    • Significant gaps in IT auditing
    • Lack of IT audit risk assessments
    • Strengthening IT governance practices
  • By way of case studies of buildings, Lorna will take you on a whistle-stop tour of 12 common ways to spot ‘the likely suspects’ of where underinsurance is sure to be found.

    It is the insured’s responsibility to set the buildings sum insured but how do they know that it is correct? Experience suggests that brokers are asked to advise and clients seek help from inappropriate web based information. Neither is best practice and the former is a sure route to litigation. Even if the insured has built the property themselves, the figure is unlikely to be the correct base on which to set the insurance policy.

    The aim of the session is to help insurance professionals highlight cases where a valuation should be an integral part of the risk management strategy. It will broaden the audience’s knowledge so that the conversation about underinsurance does not take place in front of a burnt out building.


    About your speaker:
    Lorna Harrington is a Director at Barrett, Corp & Harrington Ltd, an RICS regulated surveyor that specialises in insurance valuations for buildings and contents. Prior to setting up BCH in 2006, Lorna had worked at Cunningham Lindsey as a Risk Solutions Manager, AIG Private Client Group as the Residential Services Manager and at Chubb Insurance as an Appraisal Manager for Chubb Masterpiece. Lorna started her career as a Lloyds broker, Bain Hogg (Aon), placing fine art and historic houses business in the London Market.

    Her personal business interests are the valuation of listed buildings and historic monuments and helping clients to achieve a more realistic valuation on their contents items. Lorna holds a post graduate diploma in Historic Building Conservation (RICS) and an MA in the History of Art and Architecture.
  • Three-and-a-half years have passed since the enactment of the Dodd-Frank Act. Join us as we examine the most significant developments from 2013 including finalisation of the US regulatory capital rules, the regulatory framework for the mortgage market, and the Title VII framework for the regulation of derivatives.

    We will also discuss the key rules expected to be finalised in 2014, including:
    • the liquidity coverage ratio requirement, a long-term debt requirement, and measures to address reliance on short-term wholesale funding;
    • enhanced prudential standards;
    • risk retention requirements;
    • the Volcker Rule, derivatives push-out and the remaining pieces of the derivatives regulatory regime under Title VII; and
    • other significant Dodd-Frank milestones.

    Speakers:
    • Anna Pinedo, Morrison & Foerster
    • James Schwartz, Morrison & Foerster
    • Kenneth Kohler, Morrison & Foerster
    • Robert Dilworth, Bank of America Merrill Lynch
    • Danielle Myles, IFLR (moderator)

    New York and California CLE credit will be offered for this webinar
  • The issues and insurance premiums surrounding young drivers make sensational news headlines. This webinar gets behind the sensationalism, explains and challenges the status quo, and demonstrates why brokers could be best placed to deliver a solution.

    At this webinar you will discover:

    - The real factors that influence young driver insurance
    - The many roles of telematics and what difference it really makes
    - Easy steps that make young drivers safer
    - How Aqua is providing a solution for young drivers
  • With nearly 40 percent of the Dodd-Frank Act yet to be implemented, numerous new consumer protection requirements taking effect this year, and the continued strong focus on anti-money laundering and sanctions compliance, regulatory compliance will remain a major challenge for the financial services industry in 2014.

    Join Protiviti's Tim Long, Scott Jones, John Atkinson, Steven Stachowicz and Nicole Weber on Wednesday January 29, as they help compliance, risk and internal audit professionals identify some of the important regulatory issues and developments for 2014 that will need to be included in internal audit and compliance programs.

    Topics will include:
    • Consumer Financial Lending and Deposits Products
    • Anti-Money Laundering and Sanctions
    • Broker-Dealers and Investment Advisers
    • The impact of the Current Environment on Compliance and Internal Audit organizations

    CPE credits will be provided to qualifying attendees.

    We look forward to having you join us. If you have any questions, contact Esther Veenhuizen at 212.708.6350 or esther.veenhuizen@protiviti.com.
  • All IFLR Women in Business Law Group members are invited to join the first Group webinar. Topics:
    • LinkedIn – making yourself contactable and showing
    yourself in the best light; and using Twitter and Facebook;
    • Social networking and keeping in touch with old colleagues;
    • How are your clients and colleagues using social media;
    • Winning business and promoting your services through social media and finding the right communities for you

    Speakers: Sarah Lawrence, senior associate, DLA Piper; Lucy McNulty, managing editor, IFLR; Callum Sinclair, partner, DLA Piper; and Marissa Pick, senior social media marketing manager, Euromoney Institutional Investor
  • During this webinar, we will continue our conversation on the 2013 COSO Framework. The focus will specifically be on the implications to IT controls.
  • Internal auditors play a vital role in their organization’s strategies and daily activities. Your department’s audit plan should be a well-balanced examination that covers regulatory requirements and aligns key risk areas within the organization. However, in today’s fast changing environment, plans change and the needs of the organization may evolve rapidly. Has your support of the organization kept pace with those changes? Should you make changes to your audit plan to ensure coverage of new risks? Also, do you know what new elements should be included in your 2014 plan?

    The objective of this presentation is to help internal audit professionals identify emerging trends in need of attention so that auditors can better execute the department’s strategic focus on risk.
  • Internal Auditors are often the first line of defense in a company’s fight against fraud and corruption. Indeed, Internal Auditors are often called upon to “pivot” when a routine internal audit unearths red flags that may be indicators of fraud, corruption or misconduct.
    This presentation is intended to provide internal auditors with:
    •Knowledge of investigative techniques
    •The ability to recognize fraud or corruption indicators
    •Tools to respond to red flags
  • As a manager, you are likely adept at handling crises on the job. But how do you handle people in crisis? Whether positive or negative, any life-altering event can affect how your employees work, and as the boss, you may be the last person to know. What can you do to diagnose changes in employee performance before it’s too late?

    Join Ann Butera, President of the Whole Person Project, Inc. and Protiviti in this webinar to discuss how to mitigate the effects of your employees‘ personal lives on their work lives. We will discuss how the inherent boss/employee relationship can lend itself to misunderstanding, how to recognize the symptoms and warning signs of employees’ crises, and how you can adjust your management style to deal with this.
  • The Consumer Financial Protection Bureau (CFPB) and other regulators are intensifying their evaluation and expectations for Financial Institutions’ internal audit and compliance functions. In addition, organizations will be subject to a slate of new mortgage rules that go into effect in early January. Financial institutions need to understand these changes in order to meet increased regulatory expectations.

    During this webinar, we'll highlight key regulatory trends and provide pragmatic insights for most common risk and compliance management practices.

    After participating in this webinar, you'll be able to:

    • Describe mortgage guidance and rule modifications released by the CFPB in the last few months
    • Prioritize key areas of focus for implementation of mortgage rules
    • Identify emerging regulatory audit trends and pressures
    • Articulate key areas of focus for your 2014 audit plan
    • Develop action steps to strengthen your overall internal audit and compliance functions
  • While HMRC says ‘Tax doesn’t have to be taxing’ - when it comes to expenses, VAT, and HMRC guidelines it's not always clear what best practice is, or even what the rules truly mean.

    Join this webinar for helpful advice and guidance about VAT in the real world. It includes real examples, best-practice recommendations and advice on auditing.

    David Vine, managing director, UK SMB, will discuss the following topics:
    - best practice to ensure HMRC compliance
    - real-life VAT situations, including:
    - 5 frequently asked questions about VAT
    - 4 ways to reclaim VAT on fuel
    - 3 ways to avoid VAT fraud
    - why you should audit your expenses
    - how technology can help.
  • Achieved price multiples for brokers and MGAs vary greatly.

    It is often the case that a vendor can receive a spread of offers where the highest is more than twice the lowest.

    This webinar looks at some of the key factors that influence price multiples, and identifies some of the things that vendors should do to prepare themselves ahead of sale in order to ensure that when they come to sell, they achieve a premium price.

    About Your Speaker:
    Roddy Simpson co-founded Resolution Partners with Hamish Ridgwell in 2001, as a specialist insurance-focused corporate finance advisory firm.

    Resolution Partners provides independent, objective and expert corporate finance advice to owner-managed and institutionally owned brokers, MGAs and intermediaries in connection with corporate strategy; mergers, acquisitions, disposals & MBOs; and raising equity & debt capital.
  • Protiviti's Managing Director Steve Hobbs discusses the current state of the IPO process with NASDAQ Economist Frank Hatheway prior to his Protiviti presentation on October 29th, 2013.
  • NASDAQ OMX Chief Economist Frank Hatheway discusses the IPO pricing process on October 29th, 2013.
  • Foreign banks are increasingly looking to diversify their financing options. With careful planning, they can access US investors without subjecting themselves to the securities registration requirements applicable to public offerings, or the ongoing disclosure and governance requirements applicable to US reporting companies.

    Speakers on this webinar will explain how non-US banks can pursue these funding avenues.

    Topics include:
    - Issuances exempt from registration under rule 144A;
    - Issuances that rely on registration exceptions provided by Securities Act section 3(a)(2) for securities offered or guaranteed by banks;
    - Setting up a rule 144A or bank note programme for straight debt;
    - Issuing covered bonds in reliance on rule 144A or Section 3(a)(2);
    - Yankee CD programmes; and
    - Banking and securities regulatory requirements to consider before setting up an issuance programme.

    Speakers:
    - Brad Berman, Morrison & Foerster
    - Jerry Marlatt, Morrison & Foerster
    - Jack McSpadden, Citigroup
    - Laura Drumm, Citigroup
    - Danielle Myles, IFLR (moderator)

    California and New York CLE credit will be offered for this webinar
  • This webinar looks at how M&A activity has impacted the Top 50 Brokers over the last 10 years and examines the drivers for change that will affect the value of broking houses in the future.

    At this webinar you will discover:

    · The principal changes to the Top 50 Brokers

    · How the ownership profile has dramatically developed

    · How to keep up to date with market activity

    · Likely future developments

    · The drivers affecting the value added by brokers going forward


    After a career in the City, Olly Laughton-Scott founded IMAS Corporate Finance in 1992. Since then it has done well over 100 M&A deals. For the last 10 years IMAS has produced the Top 50 Broker Survey in conjunction with Insurance Times. IMAS and its partners have an unrivalled research capability allowing it to identify the fullest range of buyers and sellers.
  • Join us for an update on recently issued and pending standards from the FASB and new reporting requirements from the SEC. During this important webinar, we’ll discuss critical issues that may impact your technical accounting and financial reporting roadmap and provide practical tips on how to address these challenges.

    After participating in this webinar, you’ll be able to:
    • Identify areas for accounting and reporting focus in 2014.
    • Articulate regulation changes as they relate to FASB initiatives and SEC updates.
    • Assess how these changes may impact your organization and what you can do to prepare.