Insights and best practices on hot topics from local and foreign experts.
23-24
May
Imagine. Explore. Achieve.
Speakers
Schedule
Day 123. May
Day 224. May
09:00 - 09:30
Registration, morning coffee
09:30 - 09:45
Karlis Majevskis, CIA, CISA
Conference opening
09:45 - 10:35
Ara Chalabyan, MBA, FCCA, CIA, CRMA, CRISC
Effective Internal Audit function
Effective internal audit function should have a positive impact on the organization. To achieve the effectiveness the internal audit function needs:
- To add value through quality of recommendations and insights;
- Successfully execute the annual audit plan meeting deadlines without sacrificing quality;
- Create high-quality documentation, including regular audit reports, summary and other analytical reports, and work papers;
- Provide sound and effective communication, both written and oral.
To ensure above-mentioned and perform their best, internal auditors should work in integrated and changing teams, effectively manage time, proficiently utilize audit management software, continually invest in professional development, build relationships across and outside the organization increasing their visibility as a key practitioner attribute.
10:35 - 11:20
Maciej Piołunowicz, CIA
Which KPIs are appropriate for Internal Audit? The process of setting key performance indicators
- Understand why should Internal Audit design key performance indicators.
- Understand that key performance indicators should be linked with stakeholders expectations.
- Share some examples of key performance indicators and aspects to consider related to commonly reported performance metrics.
- Learn to use feedback to improve quality of internal audit.
11:20 - 11:50
Coffee break
11:50 - 12:30
Juris Ziedins CISA, CFE
Ethical Issues for Internal Auditors
Internal auditors face various ethical issues in their daily work. Some of them are easier, others are more difficult to identify. The presentation will explain the practical application of the Code of Ethics.
12:30 - 13:20
Championing Profession
This presentation considers the need for all Internal Audit's stakeholders to champion the profession collectively and the lessons that need to be learnt to ensure the profession continues to develop and reach a place where it is indispensable to effective governance and control.
13:20 - 14:20
Lunch
14:20 - 15:20
Andris Soroka
Are tehnological solutions a luxury or a necessity?
- Evolution and price of cyber risks
- Overview of cyber-security binding compliance
- Technocentric approach to cyber-risk governance
- Examples of applying techological solutions
15:20 - 16:00
Anatoly Ressin
What should we know about block-chains and crypto currencies?
Blockchain is one of the biggest buzzwords in technology right now. But what is it? And why are all talking about it?
Bitcoin is a cryptocurrency and the blockchain is the technology that underpins it. A cryptocurrency refers to a digital coin that runs on a blockchain.
Understanding how the blockchain works with bitcoin will allow us to see how the technology can be transferred to many other real-world use cases.
16:00 - 16:45
Juris Zagars
Stage experience in managing people
16:45 - 20:00
Networking dinner
09:00 - 09:30
Morning coffee
09:30 - 10:10
Maris Valts
What could internal audit learn from startups?
Some years back, Maris got fascinated by the startup culture and started to explore it more. In her presentation, she will share her thoughts and experience on what could internal audit learn from startups.
10:10 - 11:00
Martin Stevens FCA, CIA, CFSA, CRMA
Culture audit yesterday and today: is it the same?
The presentation will first illustrate the continuing focus on improving culture in the banking industry both as a result of the 2008 financial crisis but also of subsequent scandals in two key banks in Australia and USA. We will then look at how the internal auditor can approach this theme and we will provide a practical illustration of the development in our audit department from a comprehensive approach to combining a culture audit into all audits.
11:00 - 11:30
Coffe break
11:30 - 12:10
Thijs Smit, CIA
Fraud latest developments
- The Basics - Definition and fraud triangle
- Fraud is of all times - Explain some cases like Ponzi and Madoff
- Kind of fraud cases - Kick backs, financial fraud, etc.
- Fraud environment - Closed, pressure, high performance
- Profile fraudster - Nice person, helpfull, always there
- Fraud cases - Description of some fraud cases
- Internal Auditor and Fraud - Special relationship, what can you do
- Suspect fraud? - What to do and what not
- Fraud as opportunity - It can work positive on the control framework
- Best practices fraud environment - Open culture,good procedures, effective whistleblower line, newsletter
- Latest developments - Cybercrime, phishing and randsomeware and Social Engineering
12:10 - 13:10
Matthias Kraft CISA, CISM, CGEIT, CRISC
Data protection - the pragmatic audit approach
The number of data protection breaches continues to rise, and the deep financial and reputational impact they leave threatens all industries and governments. The operational, financial and reputational risks associated with data protection cannot be disregarded as reports of breaches are consistently found at the top of media channels.
Data protection is a huge universe that spans all parts of an enterprise handling customer, supplier and employee data. Approaching data protection from an auditor’s perspective is a challenge as regulation is manifold and includes common pitfalls.
This presentation is designed for audit, risk and compliance professionals that need to understand the implications and characteristics of European data protection laws, such as the GDPR. The session will provide guidance that assists in the auditing of this complex subject and will provide directions of what an internal audit function needs to do to comply with data protection requirements.
13:10 - 14:10
Lunch
14:10 - 14:50
Ivo Maskalāns
Introducing whistleblowing system in Latvian companies, law requirements and foreign practice
14:50 - 15:30
Rickard Faleij CISA
Robotics - an audit approach
Will we lose our jobs in favor of an automated workplace?
How will the control structure transcend from a manual environment to an automated such?
Either way Internal Audit needs to assess and report on risks associated.
15:30 - 16:30
Haralds Burkovskis
Dimensions of happiness
During the lecture, I will answer the following questions:
What is happiness and how we can measure it?
What is the biochemistry of happiness?
What do happy people do more and otherwise?
How can each of us get happier?
What is the recommendation for a more harmonious life and for better emotional well - being?
16:30 - 16:45
Closing remarks
Accommodation
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Nestled directly on the shore of the Baltic Sea, the 5-star Baltic Beach Hotel has a unique location in Jurmala amidist the dunes and lushly pine-trees. Offering direct access to the fully equipped private beach with catering service, it is ideally located in the heart of Jurmala within walking distance to main cultural and recretional institutions, railway station, restaurants, shops and other attractions. With panoramic views of the Baltic Sea, the Hotel features 165 contemporary rooms and suites, many with fantastic views and private balconies. Guest can enjoy the sound of surf directly from their rooms. Modern and elegant conference rooms and banqueting facilties of Baltic Beach Hotel are venues of choice for any occasion, including business meetings and social events, as well as exquisite festivals and weddings on the Baltic Sea. IIA Latvia offers a favourable price for hotel room booking for guests of our conference.Only 110 EUR per single room, and only 120 EUR per double room. Price is valid with code IIALATVIA. The code will be valid until 7th May. |
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