The digitalization of internal controls has made it possible to test at a level far beyond “reasonable assurance.” Join us for a global perspective webinar on the impact of the digitalization on internal controls. This global webinar is based on the IAF Partner Research Report with ACCA - Impact of Digital Transformation on Internal Control.
Reasonable assurance has been a foundational concept for internal audit for quite some time. Reasonable assurance involves performing tests using controls based on samples to assess the risk and control of the all controls within auditable entities. However, current technology enables us to move from sample based testing to full population testing when data is available. By using automated digitalized testing, we are able to test controls more frequently, including all transactions and controls in near or even in real time. This session will discuss the impact of those changes within the organization’s internal audit process in terms of the level of assurance that internal audit is able to provide beyond reasonable assurance.
In this session, participants will:
- Learn how an internal audit organization can develop from sample base testing to full population testing.
- Examine potential organizational impacts, benefits, and risks from digitalizing internal controls.
- Explore what real time auditing by using automated testing means to a global internal audit organization.
Online:
- October 20: 12:00 PM - 1:00 PM ET
Member Rate: $0 USD
Executive Member Rate: $0 USD
Non-Member Rate: $59 USD
Member rate will be applied at checkout.
SPEAKERS
Clive Webb
Head of Business Management
Association of Chartered Certified Accountants (ACCA)
Clive Webb is Head of Business Management for the Association of Chartered Certified Accountants (ACCA) in London. He is the author of reports on technology such as The Race for Relevance: Technology Opportunities for the Finance Function, Finance: A Journey to the Future?, and The Passionate Practitioner: Developing the Digitalised Small and Medium Practice. Webb is a Qualified Chartered Accountant with global experience gained at KPMG. He is also an established course developer and facilitator of both soft and technical skills across a range of learning formats. Webb is currently working for ACCA on a number of research projects, including the role of accounting technicians and use of robotics and artificial intelligence in accounting and finance.
Brian Tremblay, CIA, CISA
Compliance Practice Leader
Onapsis, Inc.
Brian Tremblay leads the compliance practice at Onapsis, where he is responsible for helping customers understand and navigate the challenges and opportunities created by the increasing overlap of compliance, cybersecurity, and business continuity related to IT general controls and regulatory/compliance matters such as Sarbanes Oxley (SOX) and the General Data Protection Regulation (GDPR). Prior to Onapsis, he was CAE for high-tech semiconductor company Acacia Communications. In addition to founding and leading all activities of the internal audit function, he helped prepare the organization to go public (including implementing SOX) and facilitated its implementation of enterprise risk management (ERM). Previously, Tremblay was the Director of Internal Audit at Iron Mountain, overseeing all audits and projects within North America as well as liaising with global quality managers. Prior, as a Senior Manager at Houghton Mifflin Harcourt, he built out an internal audit department and executed a SOX implementation. Earlier in his career, he worked at Raytheon and Deloitte.
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