COSO 2013: What’s New, What’s Changed, Why Does it Matter and Other FAQs
Imagine you’re a company that, for the past 20 years or so, has been following a certain playbook to comply with rules and follow guidance that’s been promulgated by agencies. All of a sudden that playbook changes. What do you do? That’s the question facing many companies today with the introduction of COSO’s 2013 Internal Control-Integrated Framework.
Protiviti is pleased to offer this webcast specifically designed to address your questions about implementing the new COSO framework. Please submit top of mind questions during the webcast registration process.
1 CPE credit will be provided to qualifying attendees.
In this first of three webinars, we’ll discuss the risk environment in which accounting firm practice, including:
•The areas of practice from which most claims arise
•The statute of limitations on claims
•Who owns engagement files and who should have access to them
•Confidentiality of information and engagement files
•What to do if issued a subpoena
By participating in this session you’ll gain an understanding of:
•The riskier areas of your practice
•Who has rights to access engagement files
•Your obligation to protect confidentiality
This series of three webinars will qualify as 4 hours of CPE for CPAs:
•Each session will include 3 polling questions which makes the CPE credits NASBA eligible when taken live.
•Firms may register as one participant and share the experience in a conference room. Please provide a list of participants and participation dates on firm letterhead to receive CPE.
•Firms that have the ability to handle their own CPE’s will get a certificate of attendance.
Firms may qualify for premium credits:
•Firms that complete all 3 sessions either live or recorded are eligible for premium LC Credit with CPA ProSecure. CPA ProSecure Premium credits apply only when all three sessions have been viewed.
•Firms that are issued NAPLIA certificates do not need to submit additional information to NAPLIA for premium Credit.
•Non CPA ProSecure clients are welcome to attend for CPE’s but premium credits are not guaranteed.
As a continuation of our webinar series “Retail Transformation for CIOs”, we present to you this new webinar called “Top Benefits of a Mobile-enabled and Cloud-ready Store Solution”, including an exclusive interview with Decathlon Sports India Head of IT by the CEO of Openbravo.
Retail CIOs are under pressure to enable the required transformation of physical stores into a new destination for customer engagement and interaction that supports the retailer omnichannel strategy. This transformation provides business opportunities but also creates new requirements that can be addressed by means of these types of store solutions, which are being increasingly adopted by leading retailers worldwide.
What will you learn?
- How the adoption of mobile store solutions can help to enhance customer experience by empowering store associates and delivering improved customer service
- How a cloud-ready store solution can dramatically simplify the in-store IT infrastructure for higher business agility and flexibility
- The experience of Decathlon Sports India going mobile in the stores with Openbravo and their plans for the future
According to a PwC report “One of the main reasons many banks world over have resisted embracing a customer-centric model is because of integration challenges.”
The future of most financial institutions depend on the strong connections they forge with customers. The relationship between banks and customers are constantly evolving and they need to adapt and connect in new ways with the customer to remain competitive today and win tomorrow’s customer. Mobile technology and social media are presenting opportunities and challenges to reach out to the customers like never before. While driving customer centric transformation initiatives are important for the bank, it is also extremely critical for the banks to have a strong Run the Bank strategy to drive operational efficiencies and manage cost pressures. Business integration plays a very critical and powerful role in designing and implementing Transform the bank and Run the bank initiatives. Despite the evident dividends banks seem to wrestle with their technology plans and investment decisions.
In this session, we will address a few effective strategies for banks to address the challenges posed with integrating technology and business and how banks can take the leap towards
a)Leveraging the strong multichannel interaction and delivering a seamless customer experience
b)Segmenting consumers dynamically through real-time insights
c)Tailoring real time offers based on real-time customer data
d)Run the bank initiatives with focus on efficiencies and cost savings.
With the right partner and technology expertise, you can deliver seamless banking experience to your customer.
Data analytics can be useful in assessing risks and controls. If you are thinking of incorporating data analytics to your audits, there are important considerations to ensure your efforts are successful. In this introductory webinar focused on Data Analytics, you will learn:
•How data analytics can enhance your audits
•Where in the audit process you should consider analytics
•What types of audits are good analytic candidates
•How to overcome some of the common challenges encountered when using data analytics
Managing customer risks is all about knowing your customers, and while banks have been focusing on this for years other types of organisations have not. In a changing world, where companies are now judged on who buys their products, how they sell their products, and what products they allow people to buy, it is vital that every company has an effective and robust know-your-customer (or ‘KYC’) process.
Commercial organisations involved in various industries, including retail, manufacturing and services, need to build customer checks into their screening processes. A robust KYC process involves more than just screening end-user-type customers; it also extends to the companies with whom organisations engage to provide goods or services to the end customer.
Non-financial organisations may not always be legally required to screen customers, but the reputational damage that could result from engaging or associating with a high-risk customer underscores the need for an effective KYC process.
This webinar will explore how companies can best manage customer risk through effective screening. Speakers include Tricor Group’s CEO for China and Hong Kong, Natalia Seng, and the Hong Kong Institute of Chartered Secretaries’ senior director and head of technical and research Mohan Datwani.
Risk and risk management is pervasive throughout organisations. There are many departments that manage risk and have their unique understanding, models, and views into risk. This makes enterprise and operational risk management a challenge. Organisations fail in enterprise risk management strategies when they force everyone into one flat view of risk, they also fail when they allow different views of risk but do not do risk normalisation and aggregation as they roll-up risk into enterprise reporting.
This webinar details how organisations need to take a federated approach to risk management that allows different departments some level of autonomy and supports their department level risk management strategies but also enable a common information and technology architecture to support overall risk management activities and reporting.
This ‘Expert’ presentation will address the following:
Where and how enterprise risk management fails
How to build an enterprise risk register and show interrelationships of risk
The value of an information and technology risk management architecture
Approaches to risk normalisation and aggregation for accurate enterprise risk reporting.
1.Top Cyber Issues
3.Conclusion: How to protect your firm
About the Speaker:
Eric Hess, Esq., provides legal services to investment advisers, broker dealers, funds, execution venues and technology businesses. His small client base and focused approach allow it to tailor risk management to his client’s needs and size.
The cross-border private placement market has continued to grow, providing non-US issuers with an opportunity to raise capital from US and European financial institutions. This market, which has been incredibly robust this past year, has continued to attract issuers across a myriad of industries and from multiple jurisdictions. These issuers seek to, among other things, diversify their funding sources or supplement their bank lending, lengthen their existing debt profile, refinance acquisition debt, or finance certain single-asset projects.
In this webinar, speakers will discuss:
- The global private placement market and recent trends
- Market participants
- Documentation requirements for traditional and structured transactions
- Financial covenants, MFLs and model form provisions
- New issuers using the market (social housing trusts, universities, investment trusts etc)
- Marketing process with agented and direct private placements
- Ratings and the NAIC
- Scott Ashton, Morrison & Foerster
- Brian Bates, Morrison & Foerster
- Akshay Shah, Barclays
- Tom Young, IFLR (moderator)
Omnichannel is at the heart of today's Retail Transformation. However, most retail CIOs still struggle to redesign their technology frameworks to serve today's multichannel connected customer and support a growing number of new ways to shop. Lack of an omnichannel strategy, rigid legacy systems not allowing to leverage the benefits of cloud and mobile technologies, non-single view of customers across channels or lack of inventory visibility across enterprise to support distributed order management capacity are only some of the key challenges retail CIOs are facing.
This webinar will be conducted by Ismael Ciordia, Chief Technology Officer at Openbravo, Salil Godika, Chief Strategy & Marketing Officer and Industry Group Head at Happiest Minds and introduced by Xavier Places, Product Marketing Director at Openbravo.
What Will You Learn?
- Key considerations when designing and rolling out new architecture that delivers omnichannel services.
- Which technologies to evaluate, including PIM, OMS, Cloud, m-POS or Big Data.
- How some leading customers in the Specialty Retail subsector are progressing on their omnichannel path with the help of Openbravo.
- A summary of the main conclusions of the Happiest Minds' report "The State of Omnichannel Retail in the US 2015" .
Who Should Attend?
- Business Areas Directors
- IT Administrators
Register for this webinar and receive a FREE eBook "The State of Omnichannel Retail in the US 2015"!
Given the global scope of derivatives regulation, legal and compliance professionals need an integrated global framework to ensure consistency and regulatory compliance with their derivatives trading.
Through a panel discussion with Hogan Lovells regional experts, this webinar will provide these professionals with an overview of the main regional global derivatives regulatory frameworks in the United States, Europe and in Asia. The webinar will compare and contrast the various regulatory regimes with respect to relevant issues such as reporting, clearing and margin.
The panel will also comment on whether it is possible to have a consistent global compliance program and if so, what should it look like?
Hogan Lovells' presenters:
Evan Koster, partner, Hogan Lovells (New York)
James Doyle, partner, Hogan Lovells (London)
Bronwen May, partner, Hogan Lovells (Hong Kong)
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.
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.
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.
Neville Thomas, Head of Internal Audit Group at AMP, Chris Grant, & Ewen Ferguson, Protiviti
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
Protiviti's Tim Long, Scott Jones, John Atkinson, Steven Stachowicz, Nicole Weber
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 firstname.lastname@example.org.
Brian Christensen, David Brand and Keith Keller, Protiviti
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.
Scott Moritz, Managing Director, Protiviti and Pam Verick, Director, Protiviti
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
Ann Butera, President of the Whole Person Project, Inc. and Ashley Hartley, Director at Protiviti
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 World has forever changed. eCommerce is no longer a nice to have…it is a necessity. We live in a very noisy world where technology has changed the way we buy. Time, context and attention are the new currency.
Join us for this webinar where Aaron Greenman, Protiviti Director, will explore how technology has had a significant impact on mobile commerce, the security implications involved and measures to consider.
Adam Brand, Associate Director, Protiviti; Magen Hughes, Consultant, Protiviti
Infosec is known for constantly telling IT to "patch your stuff" to prevent getting compromised. Scan reports with a bunch of red are kicked over the wall, and scary reports showing thousands of vulnerabilities are an all-to-frequent result of a vulnerability assessment. But these scan reports are often lying about the true severity of the vulnerabilities, which creates more work for everyone and leaves Infosec crying wolf more often than it should. In this talk, we take a closer look at the problem with vulnerability ratings and how to have IT fail less by having to patch less, while simultaneously being more secure.
Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. Our firm includes leading experts in areas of finance and accounting, risk and compliance, technology effectiveness, litigation, investigations and financial restructuring. Our professionals have powerful insights on par with the largest consulting organizations in the world; however, we are more nimble and adept than these competitors in delivering value for our clients.
Protiviti is the leading company dedicated exclusively to risk consulting and internal audit. We help our clients seize new opportunities for growth and profitability while protecting them from their risks. We work with more than 25 percent of the FORTUNE 500®. Our 2,500 professionals in 60 offices worldwide bring powerful insights and proven delivery with a customized blend of competencies to every project.