Internal Controls: Tuesday, June 4, 2019
08:00
60 minRegistration and Continental Breakfast
09:00
15 minWelcome and Opening Remarks from the Chair
09:15
60 min
Best Practices in Internal Controls
Dr Richard Leblanc, Professor of Governance, Law & Ethics, York University
- Changes in risk governance requirements
- Internal Controls and their independent assurance
- Red flags for internal controls failures and how to overcome them
- Best practices: internal controls over reputation, integrity and conduct
- Crisis management and social media governance
10:15
15 minBreak
10:30
60 min
De-Risking Innovation
- Three core principles for innovation
- How can leaders de-risk innovation to increase the probability of successful innovation outcomes
- How can risk professionals inadvertently make innovation more difficult
11:30
60 minCOSO ERM Framework: Enterprise Risk Management - Integrating with Strategy and Performance
A comprehensive yet nimble Enterprise Risk Management program is the prerequisite to a strong internal control environment; especially for companies with aspirations of profitable growth. In this workshop, discover how leveraging the value of the COSO ERM Framework not only benefits performance and risk management but also strengthens internal controls. Recent changes to the COSO ERM Framework are discussed along with the rationale for the changes and why they make good sense for today and into the future. Recognizing resource constraints, the presentation highlights those changes that can be made today that will realize the most value. Implementation strategies are presented along with strategies to address common challenges.
Participants will leave with strategies and a plan for next steps.
A comprehensive yet nimble Enterprise Risk Management program is the prerequisite to a strong internal control environment; especially for companies with aspirations of profitable growth.
- Understanding the recent changes to the COSO ERM framework and why they make good sense for today and into the future
- How leveraging the value of the ERM Framework benefits strategy and performance
- Strengthening the control environment and internal controls
- What changes to make today that will realize the most value
- Practical strategies for implementation and how to address common challenges
12:30
60 minLuncheon
13:30
60 minMaximizing ERM and Internal Control to Support Business Strategies and Objectives
- ERM as a capability framework to support achievement of business strategies and objectives and performance management
- Control assurance frameworks, regulation and common threads
- Governing principles and expectations
- Where are control frameworks going?
- Sustaining alignment of ERM and internal control with ‘new risks’, supply chains and the continuously extending enterprise
- Leading practices, insights and lessons to be learned
14:30
60 minEnhancing Risk Governance to Strengthen Control Effectiveness
- Risk governance objectives, stakeholders and interested parties
- Increasing risk governance, control requirements and expectations
- Guiding principles for risk governance and control effectiveness
- Shortcomings in the traditional risk governance and control model
- Updating and continuously evolving risk governance and control practices
- Management and Board review and challenge
- Critical questions
15:30
15 minBreak
15:45
60 minThe Evolving Labour Model in the Digital Age
Marty Murray, Director, Business Performance & Improvement Practice, Protiviti
- Discussion of the major technological disruptors that are impacting company operating models
- Review of several examples of disruptive labour models
- Review of the major types of intelligent automation and how they are impacting business processes
- Threats and opportunities created by changing labour
- Discussion of changing needs of skill sets
16:45
End of Day One
Writing a Great MD&A: Wednesday, June 5, 2019
08:00
60 minRegistration and Continental Breakfast
09:00
15 minWelcome and Opening Remarks from the Chair
Eric Anastacio, Senior Consultant, IT Governance, Risk and Controls, CIBC
09:15
60 minLeveraging MD&A for Shareholder Value and in Response to Wider Scrutiny
- MD&A and shareholder objectives
- Why should management develop a great MD&A?
- MD&A audiences: divergent self-interests and scrutiny from shareholders, “sell side” financial analysts, bankers, special interest groups and the public at large
- Shareholder value levers
- Leveraging risk and capital management, good governance, conduct and ethics
- Governance and regulatory expectations
10:15
15 minBreak
10:30
60 minMD&A Best Practices
- Understanding and developing effective processes
- Importance of content over form
- Benefits of using plain language
- Maximizing the effectiveness of regulator and client comments on MD&A
- Monitoring the ongoing assessment of existing disclosures
- Clear financial statement implications
11:30
60 minBest Practices for an Effective MD&A Writing
Eric Anastacio, Senior Consultant, IT Governance, Risk and Controls, CIBC
- Explore the best practices for an effective MD&A writing
- Answer the questions and challenges when drafting the quarterly MD&A
- Learn techniques to balance regulatory requirements, investor perspectives and the company’s best interest
- Explore how to align the MD&A with the competitors
- Discuss how to convert negative financial data to competitive advantage
12:30
60 minLuncheon
13:30
60 minRegulatory Updates for 2019
Eric Anastacio, Senior Consultant, IT Governance, Risk and Controls, CIBC
- Explore the key regulatory updates
- Understand the six key disclosure principles and the five key elements in the disclosures framework
- Apply the enhancements to MD&A reporting, the interim reporting considerations and the timeliness of disclosures
- Explore quantitative and qualitative elements
- Draft an MD&A that meets all regulatory requirements
14:30
15 minBreak
14:45
60 minMD&A Case Studies
Eric Anastacio, Senior Consultant, IT Governance, Risk and Controls, CIBC
- Perform a critical analysis on a number of case studies
- Explore industry leaders successes and failures in complying with regulatory obligations
- Explore techniques on providing reliable and timely information
- Capitalize on the insights of industry peers
- Learn how to critically analyze a competitor’s MD&A
15:45
End of Day Two