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Audit Technology & Fraud Investigation Conference


Hotel Russell, Bloomsbury, London.
3rd & 4th November 2015

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About the Event


ACE has held audit conferences all over Europe with a success record dating back over 25 years. Thousands of delegates have attended ACE events, with a consistently high satisfaction rating from delegates and outstanding levels of repeat attendance.


A professional approach to all aspects of the conference means that extensive research is conducted and expert guidance sought in planning each event. This ensures that the subjects covered are topical, relevant and highly informative, addressed in a manner which is practical, instructive and appropriate to the needs of the audience.

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2

Days

A carefully constructed, dynamic timetable will be delivered over the course of two days. Benefit from not only obtaining the latest industry knowledge and highly regarded ‘hot topics’, but also put your knowledge into practice with specially designed workshops.

14

Speakers

Highly regarded, professional and knowledgeable speakers have been selectively matched to their designated topic.

14

CPD HOURS

Benefit from gaining 14 CPD hours when you attend the full two days of the conference (7 CPD hours are awarded per day).

 

Agenda


Please see the full schedule below to obtain more information on the agenda, such as the speaker, the topic which the speaker is delivering and the speaker synopsis.

November 3rd, 2015
Day Chairman: Philip Keown
9:00
Doors open
Welcome coffee and registration
09:30
Keynote Speaker

Worldwide Use of Technology in Internal Audit
Michael Cangemi – Cangemi Company LLC
Speaker synopsis:
Mr. Cangemi will discuss the expansion of continuous monitoring CM in many aspects of society and the significant role the GRC community has played in the furtherance of Continuous Assurance and CM. He will report on the recent IIA worldwide survey of internal audit use of technology based on a paper he authored to be published late summer 2015.

This session will also cover technology trends, such as BIG DATA, SaaS and cloud that are transforming business, finance and GRC practices using analytics and monitoring.

In addition we will review the results of the research project the Benefits of CM research published by Financial Executives Research Foundation and discuss how companies are benefiting from new technologies with business process improvements and the role the audit should be playing, to expand the implementation of CM for the benefit of the business, customer satisfaction, as well as, control improvement.

The presentation will close with a brief look into the future with predictive, contextual and video analytics and the Internet of Things.
10:15
Managing global tax operations through smart data analysis
Adrian Hextall – Ernst & Young
Speaker synopsis:
The session will provide an in depth look at how the responsibilities for the management of tax affairs are rapidly merging and impacting a small, core group of individuals. Changes in the way organisations manage multiple tax functions and operations result in increased responsibility does not equal increased visibility. The smarter analysis of data to provide key insights into business performance, compliance and accuracy enable those responsible to see pain points and gain comfort over the correct tax treatment of transactions. Trend analysis dealt with correctly can aid strategic tax decisions and help shape the future direction a company takes. All from smarter, accurate data analysis.

By looking at examples from supply chain logistics, tax compliance and historic trend analysis, Adrian will provide some real life case studies on how organisations can identify and saves millions in taxes not only as a result of incorrect tax treatment and reporting but also through analytical assessment of “what if we do it this way..” scenarios.
11:00
Tea & Coffee Break
11:30
The Meeting of Worlds;
Visual audit, visual estimating and contextual analytics
William Waller – Turner and Townsend
Speaker synopsis:
At Turner & Townsend, our Commercial Analytics Team have pioneered the integration of analytics and data visualisation tools with a unique blend of professional expertise including chartered surveyors, chartered accountants and data science professionals to deliver innovative, advanced and value adding audit services in the property, infrastructure and natural resources sectors.

In this case study based presentation we will demonstrate how the use of software tools with forensic, visualisation and geographical information system (GIS) capabilities can reduce the cost and time associated with audits and have increased quality through defensible and reliable data collection, increased sample sizes (or the elimination of sampling altogether), greater certainty and volume of findings and a recorded retrievable trail.  We will also take the audience through the key steps in the process from identifying the client’s challenge to focussing on the impact to their core business.

We will illustrate how utilising geographic and visualisation tools allows us to dynamically analyse a variety of data sets to observe complex relationships and patterns and how this can be achieved.  Our case studies will show how such manipulation of the data set reduces time required to gain insight but also highlights patterns that may not have been seen otherwise.
12:15
Audit and Risk Management: in Signet: Case Study
Leslie Krepa – Signet Group
Speaker synopsis:
Les Krepa will describe the work of the Internal Audit department In Signet. Signet is the worlds largest specialist Jeweller with worldwide turnover in the region of $7b and with over 3000 stores in the US, 500 in the UK and 140 in Canada. He will talk a little about the organisation and how the department fits in and how it is structured.

The department has a wide role covering Corporate Audit, Store Audit, Risk Management, Sox and Loss Prevention. The department is also used as an internal consultant meaning it ‘has a finger in many pies’. It’s a wide, varied and interesting role that is supported wherever possible by various pieces of software. Les will go onto describe how the use of this software plays a key part in helping the fulfilment of the departments objectives.
13:00
Lunch
14:00
Intelligent use of big data to drive debt collection
Eric Applewhite – KPMG
Speaker synopsis:
Local authorities are under increasing pressure in the current economic climate. In a supply and demand paradox, local councils across the UK are being required to deliver more and more services whilst simultaneously reducing their reliance on central government funding support. The reduction in government support to local councils for 2015/16 is the largest since 2012/13 (expected to be near 40% in real terms), and these conflicting cost and funding pressures are likely to impact dramatically on local authorities of all shapes and sizes across the coming years. This is driving councils to seek creative solutions to both cut costs and find operating revenue.

One source of potential untapped revenue is the collection of previously written off or hard to collect debt. Estimates have Local Authority bad debt provision across England for 2013-14 at £114 million (DCLG Local Government Financial Statistics). Local Authorities write off debts every year as uncollectible – to take them off their balance sheet. Research shows that these debts may be collectable 2 to 6 years post write off. Using analytics to provide insight into what old debt may be collectable combined with a process for actually collecting the debt can result in millions of pounds in revenue for authorities.

Using data and process change to turn written and current debts into collectable income, then collecting it is one piece if the puzzle in helping Local Authorities bridge their funding and service gaps.
14:45
Top IT & Cyber Security Risks in 2015
Richard Hollis – Risk Factory
Speaker synopsis:
From cyber-espionage to cyber-crime, from competitive intelligence gathering to intellectual property theft and financial fraud, from state sponsored attacks to social hacktivists, cybersecurity has never been more important for businesses. 

Every day we read about more high-profile breaches and yet these are just the data losses required to be acknowledged by mandatory disclosure laws – in fact only a small percentage of the actual losses incurred.  Every type of business, regardless of its size, location or turnover has been attacked and every day the attacks continue to grow in volume and sophistication leaving business’s struggling to stop the data bleed.  More often than not, the result is too little, too late. 

Come listen to an industry leader go through and explain the Top 10 most serious cyber security threats facing your business this year and outline a simple strategy to help you identify, minimise and manage these threats going forward in the next year.
15:30
Tea & Coffee Break
16:00
Overcoming Automated Fraud and Detection Failures
Mike Comer – Cobasco Ltd
Speaker synopsis:
Experience shows that the majority of automated fraud detection programmes are regarded as failures because they did not expose skulduggery or produced false positives which wasted time and created other problems.

Mike Comer is credited with developing the first automated fraud detection programme in the world -in 1974 - when working as Security Adviser for Esso Petroleum Co Ltd. In the following 40 years, his Critical Point Auditing techniques have uncovered cases involving losses of over £300 million, usually in circumstances where no prior suspicions existed.

This session, developed specially for this conference, discusses the lessons learned for dramatically improving the results of AFD and continuous monitoring and the ways they should be “sold” to senior management. It also makes recommendations for optimising the connection between whistleblowing and AFD as well as methodologies for analysing and benchmarking Codes of Conduct and compliance policies.
16:45
Panel discussion

Chairman’s summary

--- CONFERENCE END --–
Speaker synopsis:
To follow shortly.
November 4th, 2015
Day Chairman: Michael Cangemi
9:00
Doors open
Welcome coffee and registration
09:30
Keynote Speaker

Privacy and Internal Audit
Philip Keown – Grant Thornton
Speaker synopsis:
There is a wide range of government or sector-specific legislation which focuses on how organisations should be expected to safeguard and manage the privacy of personal data. The Data Protection Act, PCI-DSS, HIPAA, Basel III, , Dodd-Frank, safe harbour concepts and many others attempt to achieve these aims. At the same time, arguments still continue about the use of Electronic ID technology to streamline government services, but with UK citizens more under surveillance than ever before, the threat of Big Brother is ever present. Legislation moves slowly; data expands quickly. Who can you trust?
10:15
IDEA v10
New features and applications
James Loughlin – ACE
Speaker synopsis:
To follow shortly.
11:00
Tea & Coffee Break
11:30
***Workshop***

Uncovering Financial Statement Fraud: Case Study
Carolyn Newman – Audimation
***Workshop***

IT Auditing Fundamentals
Charles Mansour –
Workshop Details:
This session presents an actual financial statement fraud where the forensic accountant uncovered 6 schemes for overstating income in an acquisition gone bad. . . One that never would have occurred if the acquired company’s financial statements were not so fraudulent.  Participants will learn through the case study how such things as top-side entries, use of spreadsheets, and formulas to make the financial performance appear to be on target, can be detected through data analytics.

At the end of this presentation, you’ll understand:

  • The tactics that the sellers, specifically, the acquired company’s CFO, used to trick the purchaser
  • The lessons learned that can prevent fraud in financial statements and acquisitions
  • How some of the schemes uncovered in this case can be detected with data analytics and data mining techniques
  • How to incorporate data analytics into an ongoing process to improve internal controls over financial reporting by detecting and deterring potential financial statement fraud
Enterprises are now more heavily reliant on computing than ever. Audit committees in many organisations are demanding greater assurance about the reliance that they can place on their IT functions. However, many auditors feel intimidated when dealing with computerised aspects of business processing.

This session aims to provide non-IT auditors with an ‘entry level’ look at IT auditing and IT itself. By the end of this session delegates should be able to compare and contrast ‘conventional’ auditing with IT auditing. We will briefly look at the main IT processing functional components, the associated key risks and some methods to address them.

The aim is not to bring delegates up to IT audit practitioner level, but to help non IT auditors engage with the main functions of the functions of today’s commercial IT

Outline

  • Introduction to IT Auditing
  • Brief introduction, and main risks and controls attaching to, the following areas of IT;
    • IT Operations
      • Operating systems and utilities
      • Database and database administration
      • Change Control
    • IT Development
      • Key development stages
      • Testing and migration onto production
    • Networks and Communications
      • Network availability
      • Confidentiality
      • Integrity of traffic
13:00
Lunch
14:00
***Workshop***

Finding Frauds – A Practical Insight
Alan Livesey – D.A.T.A. Services Ltd
***Workshop***

The Human Aspect of Cyber Security
Dalim Basu –
Workshop Details:
Over more than 30 years, Alan has used his data analysis skills to assist in numerous fraud investigations. His expertise has been instrumental in helping to explain the modus operandi of frauds that were known to be on-going; he has also helped to detect on-going frauds which organisations had no idea existed.

In this workshop Alan will discuss various frauds and demonstrate how general office software, such as Microsoft® Excel®, or specialist software, such as CaseWare IDEA® , ACL® or (new kid on the block) Arbutus®, could be applied to identify them.

Alan will start by explaining how simply generating new reports can uncover sophisticated frauds, move on to explain the power of summarisations and venture on to explain the power of more complex analyses.

In addition, using a simple case study, Alan will highlight how easy it is for things to go wrong if users do not understand and apply data analysis techniques correctly. Alan will also give insight into the elimination of the renowned “false positives”.

The workshop will close with a Q&A session to enable the audience either to delve further into the material presented or to expand upon it with “what if…”, “how would you…” or “I have an issue with…” type questions. Use this opportunity to get a world expert in data analysis to give your organisation the benefit of his expertise.
To follow shortly.
15:30
Tea & Coffee Break
16:00
The Future World of Analytics for Audit & Fraud
Dan French – Consider Solutions
Speaker synopsis:
‘Data Analytics’ is a well-accepted concept in audit teams as well as operational groups in the business. Whether for ‘checks and balances’, assuring against error, waste, policy or control exceptions or fraud the principles are well accepted. However, we are in the midst of some fairly substantial shifts in our technology and data worlds, not to mention continued structural changes in business. What opportunities do these changes present for a new world in analytics, how will they affect the mission, role and composition of the audit team and how will fraud prevention and detection evolve? How will the emerging capabilities of ‘machine-learning’ data analytics contribute to the future world of audit? This presentation and discussion, based on experience, observation and current research, explores the evolution of audit analytics, the business and technology trends that intersect and how organisational disciplines will be affected.
16:45
Panel discussion

Chairman’s summary

--- CONFERENCE END --–
Speaker synopsis:
To follow shortly.

Speakers


ACE provides top quality speakers, each with in-depth knowledge and practical experience in their subject and the current audit environment. Each is able to match their knowledge to delegates’ requirements, delivering presentations of the highest standard.

  • Adrian Hextall

    Adrian Hextall

    Adrian is responsible for delivering Indirect Tax technology services and for the development and successful delivery of technology projects.

    Carolyn Newman (CPA, CISA)

    Carolyn Newman (CPA, CISA)

    Carolyn brings more than 25 years of experience in public accounting, auditing and consulting to her role as President of Audimation Services.

    Charles Mansour (CISA)

    Charles Mansour (CISA)

    Charles is an extremely experienced Computer Auditor and Operational Business Systems Risk specialist.

  • Dan French

    Dan French

    Dan French is Founder and CEO of Consider Solutions.

    Michael Cangemi

    Michael Cangemi (CGMA, CISA)

    Michael is author of ‘Managing the Audit Function’.

    Mike Comer

    Mike Comer

    Mike is the managing director of Cobasco Ltd, a community of anti-fraud specialists who work with clients to prevent, detect, investigate and recuperate from corporate fraud.

  • William Waller

    Thomas Wooster

    Tom, a Chartered Quantity Surveyor, is an Associate Director at Turner & Townsend and leads the Cost Assurance Team.

    Philip Keown

    Philip Keown

    Phil originally qualified as a Chartered Accountant in the 1980's, and quickly moved into the world of IT Auditing and Advisory work.

    Richard Hollis

    Richard Hollis

    Richard Hollis is the Chief Executive Officer for Risk Factory Ltd

  • Leslie Krepa

    Leslie Krepa

    After graduating from the University of Birmingham with an Accountancy degree, Leslie joined Ernst and Young as Audit Senior and later became a chartered accountant in the mid-80s.

    Alan Livesey

    Alan Livesey

    Alan is the Director of D.A.T.A. Services Ltd, which since 1997 has provided data analysis services and training to global high profile clients.

    Nick Jones

    Nick Jones

    Nick has been Head of IT Risk & Compliance at BP since 2011. During this time he’s delivered a global behavioural change program to strengthen risk management capability.

  • Dalim Basu

    Dalim Basu

    Dalim is Events Director at ISACA London Chapter. He plans, chairs and participates in many IT-related events.

Pricing


Choose to attend for both days and get the most from the conference. Or, perhaps you’d like to attend on a specific day. Depending on your choice, the pricing has been structured to suit you.

    • £475.50*

      EuroUSDGBP

    • DAY 1 (3rd November 2015)

      • Access all the topics on day one
      • Two hours designated networking time
      • 7 hours recognised by the CPD
    • Register
    • Free

      EuroUSDGBP

    • DAY 2 (4th November 2015)

      • Access all the topics on day two
      • Two hours designated networking time
      • 7 hours recognised by the CPD
    • Register
    • £447.50

      EuroUSDGBP

    • Both Days

      • Access to the full conference, including the drinks reception at the end of day one
      • Four hours designated networking time
      • 14 hours recognised by the CPD
    • Register

REGISTER NOW


Exhibitors Package


    • £1500

    • Bronze

      • Positioning of booth in the main hall;
      • 1 complimentary delegate passes;
      • 15% discount off standard fee for additional delegates;
      • One- time use of full attendee list after the conference.
    • Enquire
    • £2150

    • Silver

      • Premium positioning in the main hall;
      • Attendance at both days;
      • 2 complimentary delegate passes;
      • 6ft by 5ft booth dimensions which includes a table and two chairs;
      • 15% discount off standard fee for additional delegates;
      • One- time use of full attendee list after the conference.
    • Enquire
    • £2750

    • Gold

      • Premium positioning in the main hall;
      • Attendance at both days;
      • 3 complimentary delegate passes;
      • 6ft by 5ft booth dimensions which includes a table and two chairs;
      • Attendance at the drinks reception;
      • Participation promoted via email shots and social media;
      • Logos placed on website;
      • 15% discount off standard fee for additional delegates;
      • One- time use of full attendee list after the conference.
    • Enquire

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Contact


Please do not hesitate to contact us with any questions or queries.
Our office hours are: Monday - Friday: 9:00am - 5:30pm.

Address

The Old Sawmills, Neville Estate Yard,
Eridge Road, Eridge Green,
Tunbridge Wells, Kent TN3 9JR

Phone

+44 (0)1892 707721