Anti-Fraud Management Example In Accounts Payable. Michael Heckner October 12, 2012
|
|
- Rosa Reeves
- 8 years ago
- Views:
Transcription
1 Anti-Fraud Management Example In Accounts Payable Michael Heckner October 12, 2012
2 GRC Top Reasons Customers Invest Today Business Process Improvements Systematic, reliable processes Improve predictability and performance Avoid Negative Business Issues Prevent irregularities such as fraud Prevent human errors Avoid financial losses Avoid damage to reputation Compliance Comply with governmental regulations and legislation Comply with industry regulations Comply with internal company policies 2011 SAP AG. All rights reserved. 2
3 Economic Crime and Errors What Is the Damage Caused by Fraud and Errors? Economic Crime Average fraud loss: 5% of annual revenue One-fourth of the frauds caused at least $1 million in losses ( 2010 Report to the Nation, 2010 by the Association of Certified Fraud Examiners, Inc.) 46% of organizations with employees reported suffering at least one significant economic crime in the past 12 months. In addition to direct financial impact there is indirect or collateral damage incl. employee morale, business relations, reputation/brand, relations with regulators, share price, etc. (PwC Global Economic Crime Survey Nov 2009) 40% believe there is a greater risk of fraud in the current economy. Staff reductions resulting in fewer resources deployed on internal controls. (PwC Global Economic Crime Survey Nov 2009) Employee Errors More frequent than crime? Insufficient controls can result in: Procurement Errors Overpayments to Vendors Excessive Rebates to Customers Changes to Payment Terms Accidental Leakage of Intellectual Property Etc. Nearly impossible to track the total financial impact of employee errors Estimates are hard to get Grey zone of criminal behavior High number of unreported cases 2011 SAP AG. All rights reserved. 3
4 Overview SAP GRC Top-down and bottom-up risk management/ compliance SAP GRC Risk Management Policy Management SAP GRC Process Control Company Wide Procure to Pay Order to Cash IT (General) SAP GRC Access Control Internal Audit Management 2011 SAP AG. All rights reserved. 4
5
6 Enterprise Risk Management Business Risks Cause Majority of Losses Head of Risk Management 87% of risks are not financial Operational Hurricane Katrina Data center outage Delivery risk Blast furnace cold run ERP application crash Plant disaster causing production stoppage Environmental/Health West Nile Virus Safety crisis Compliance with environmental standards Food sanitary management problem Climate change Environment pollution Financial Currency exchange rates Interest issue and increasing reserves Accuracy of realistic balance sheet reporting Ability to manage cash Non-transparent markets Economic recession Energy and commodity costs Legal & Compliance Fraud Product liability claims Missed time line for legal changes Embezzlement of parts Safety of goods or products Material risk events encountered in the past three years (for enterprises over US$5 billion in revenue) Strategic Industry consolidation and globalization Error-filled release of software upgrade Change in core product demand Cancellation of major customer contracts Performance standards and service quality Political/Geopolitical Change of government and minority governments Grants and budget changes Constant change of ministers Federal Accountability Act Terrorism Source: IBM Global Business Services, The Global CFO Study SAP AG. All rights reserved. 6
7 Examples of Enterprise Risks (Transportation Industry) Examples of Enterprise Risks Strategic Risks Financial Risks Operational Risks Compliance Risks Freight Rates Liquidity Major Safety Incidents Oil & Gas Prices Credit Risk Major Environ. Incidents Political Risks Foreign Exchange War, terrorism or piracy attack Information Risk Procedures and Human Rights (OECD Standards) Tax Anti-corruption, competition and export control Insurance (Self-Insurance) 2011 SAP AG. All rights reserved. 7
8 Examples of Enterprise Risks Governance Strategy and Planning Operations Compliance Reporting Corp. Governance Ethics Corp. Responsab./ Sustainab. External Factors Planning Strategy Corp. Assets Finance Human Resources Information Technology Legal Product Development Sales, Marketing & Communic. Supply Chain Compliance Reporting Board Effectiveness / Knowledge Management Addressing Allegations Biodiversity Competition Business Continuity Management (BCM) Alliances Facilities and Equipment Accounting Corporate Culture Architecture Bankruptcy Discontinuance and Divestiture Branding and Reputation Planning Communication and Training Compliance with Accounting Standards and Policies Board Structure and Leadership Communication Climate Change Credit Rating Capital Planning Business Concentration Intangible Assets Audit Quality Health and Welfare Benefits Asset Management Competition Innovation, Research and Development Communication Sourcing Compliance Culture Financial Disclosures Compensation / Performance Incentives / Alignment Corrective Actions and Discipline Community Investment Customer Demands Knowledge Management Business Model Personal Safety Capital Management Human Resources Policies and Procedures Business Continuity Management (BCM) Contract Management Launch Customer Relations / Customer Support Production Compliance Information Management Financial Information Availability Corporate Responsibility & Sustainability Ethical Culture / Tone at the Top Energy Management and Alternative Sourcing Economic Conditions / Industry Trends Operational Planning Customers Physical Security Credit Implications of Significant Events Change Management Corporate Investigations Liability Distribution Delivery Compliance Organization Financial Statement Fraud Reputation / Shareholder Relations Ethics Reporting Fair Trade Certification External Fraud Performance Management Extended Enterprise Process Management Financial Asset Management Labor Relations Contracting and Outsourcing Environmental, Health and Safety Product Design / Quality E-Commerce / Internet Strategy Returns Compliance Reporting Management Reporting Risk Oversight Investigation Natural Resource Utilization and Accounting Geopolitical Scenario Planning Growth Taxation Insurance and Hedging Organization Structure Information Security Finance and Accounting Production Investor Relations and Monitoring Regulatory Reporting Transparency & Financial Integrity Monitoring and Auditing Philanthropy Hazards / Catastrophic Loss Innovation Utilization Liquidity Payroll Operations Government Investigations Substitution Marketing Programs Policies and Procedures Reporting Quality Policies and Procedures Project Financing Laws and Regulations Markets Pensions Performance / Talent Management and Compensation Physical and Environmental Intellectual Property Technology Obsolescence Market Research Risk Assessment Statutory Reporting Program Assessment and Evaluation Resource Scarcity Markets Mergers / Acquisitions / Divestitures Planning / Budgeting / Forecasting Retirement Programs Privacy and Data Protection Labor and Employment Issues Testing Marketing Strategy Supervision Sustainability Reporting Structure and Oversight Sustainability Strategy Third Party / Joint Venture Requirements Outsourcing Taxation Talent Pipeline / Recruitment Problem Management Legal and Regulatory Compliance Timing Public Relations Tax Reporting Training Sustainable Water Quality Policy Training and Development Project Management Legal Entity Planning Sales Strategy Waste Reduction and Closed Loop Production Pricing Records Management Litigation and Dispute Resolution Technology Technology Licensing Privacy and Security Laws Vision, Mission, and Values Records Information Management 2011 SAP AG. All rights reserved. Source: Deloitte Risk Intelligence Map,
9 SAP Risk Management Heatmap Fraudulent AP activities 2011 SAP AG. All rights reserved. 9
10 Risk Fraudulent Accounts Payable Chief Security Officer / IT Prevent Accounts Payable risk (errors and fraud) 2011 SAP AG. All rights reserved. 10
11 Risk Fraudulent Accounts Payable Chief Security Officer / IT Prevent Accounts Payable risk (errors and fraud) 1 st Risk Driver: Lack of SoD 2011 SAP AG. All rights reserved. 11
12 Risk Fraudulent Accounts Payable Chief Security Officer / IT Prevent Accounts Payable risk (errors and fraud) (resulting from lack of SoD) 1 st First Driver: Lack of SoD 2011 SAP AG. All rights reserved. 12
13 Risk Fraudulent Accounts Payable Chief Security Officer / IT Prevent Accounts Payable errors and fraud (resulting from lack of SoD) Access Control 2011 SAP AG. All rights reserved. 13
14 Risk Fraudulent Accounts Payable Head of Internal Head of Compliance Chief Security Officer / IT Question: Prevent Are Accounts SoD violations Payable the only errors risk to and the fraud Accounts (resulting Payable from lack Process??? of SoD) IT General Control 1: Access Control 2011 SAP AG. All rights reserved. 14
15 Risk Fraudulent Accounts Payable Head of Internal Audit,, Compliance Chief Security Officer / IT Example: What about abuse of one time vendor accounts??? Process-Level Control 1: Accounts Payable IT General Control 1: Access Control 2011 SAP AG. All rights reserved. 15
16 Risk Fraudulent Accounts Payable Head of Internal Audit,, Compliance Chief Security Officer / IT Payments Example: What about abuse of one time vendor accounts??? Date Vendor Amount ABC Chemicals 1, Anonymous1 1, Northstar Energy Anonymous1 10, Hardware Central 23,618.- Process-Level Control 1: Accounts Payable IT General Control 1: Access Control 2011 SAP AG. All rights reserved. 16
17 Risk Fraudulent Accounts Payable Head of Internal Audit,, Compliance Chief Security Officer / IT Example: What about other process level risks in Accounts Payable??? Process-Level Control 1: Accounts Payable Process-Level Control n: Accounts Payable IT General Control 1: Access Control 2011 SAP AG. All rights reserved. 17
18 Risk Fraudulent Accounts Payable Head of Internal Audit,, Compliance Chief Security Officer / IT Business Necessity: Process and Access Level to protect AP process Process-Level 1-n: Accounts Payable IT General Control 1: Access Control 2011 SAP AG. All rights reserved. 18
19 Other Risks? In Other Processes? At the IT-Level? Head of Internal Audit,, Compliance Chief Security Officer / IT What about other processes and their controls? Process 1: Procure to Pay Process n: Order to Cash IT General Control 1: Access Control IT General Control n: 2011 SAP AG. All rights reserved. 19
20 Other Risks? In Other Processes? At the IT-Level? Head of Internal Audit,, Compliance Chief Security Officer / IT Group/Entity: Company Wide Group/Entity: Company Wide Process 1: Procure to Pay Process n: Order to Cash IT General Control 1: Access Control IT Control n: (IT General) 2011 SAP AG. All rights reserved. 20
21 SAP Process Control Control at all levels Head of Internal Audit,, Compliance Chief Security Officer / IT SAP Process Control Group/Entity: Company Wide Group/Entity: Company Wide Process 1: Procure to Pay Process n: Order to Cash IT General Control 1: Access Control IT Control n: (IT General) 2011 SAP AG. All rights reserved. 21
22 Risk-based Approach to Internal Head of Risk Management Head of Internal Audit,, Compliance Chief Security Officer / IT SAP Risk Management SAP Process Control Group/Entity: Company Wide Group/Entity: Company Wide Process 1: Procure to Pay Process n: Order to Cash IT General Control 1: Access Control IT Control n: (IT General) 2011 SAP AG. All rights reserved. 22
23 Continuous Monitoring Example Accounts Payable Manager - Dashboard 2011 SAP AG. All rights reserved. 23
24 Continuous Monitoring Example Accounts Payable Manager: Issues Report 2011 SAP AG. All rights reserved. 24
25 Continuous Monitoring Example Drill-Down into One-Time Vendor Issue 2011 SAP AG. All rights reserved. 25
26 Continuous Monitoring Example Accounts Payable Manager: Issues Report 2011 SAP AG. All rights reserved. 26
27 Continuous Monitoring Example Drill down into Segregation of Duties Issue 2011 SAP AG. All rights reserved. 27
28 Achieving Higher Confidence # controls Manual time Today 2011 SAP AG. All rights reserved. 28
29 Achieving Higher Confidence Lower Cost # controls Cost Reduction Less Manual Labor Less Pushback from the Business Lower Cost of Preparing for an Audit Manual Automated Manual time Today Maturity Level SAP AG. All rights reserved. 29
30 Achieving Higher Confidence Lower Cost and Business Process Improvement # controls Cost Reduction and Process Improvement Less Manual Labor Less Pushback from the Business Lower Cost of Preparing for an Audit More controls More granularity Higher frequency of checks Consistency Automated Manual Automated Manual Manual time Today Maturity Level 1 Maturity Level SAP AG. All rights reserved. 30
31 Achieving Higher Confidence Lower Cost and Business Process Improvement # Cost Reduction and Process Improvement Automated Assurance Manual Automated Manual Manual Cost Time Today Maturity Level 1 Maturity Level SAP AG. All rights reserved. 31
32 Managing Risk and Compliance SAP GRC Solutions CEO / CFO Managing Risk and Compliance ensures all categories of risk across the organization are aggregated at the enterprise level and managed holistically Head of Risk Management Head of Compliance/ / Internal Audit Head of Internal Audit/ Chief Security Officer Head of Internal Audit Enterprise Risk Management Risk-Based Internal Access Management Audit Management Risk Planning SAP GRC Solution Risk Risk SAP Identification Analysis Risk Response SAP Risk Mgmt Risk Monitoring Document Compliance Process Initiatives Control Plan and Perform Assessments and Tests SAP Remediate Issues and Certify Results Access Planning Control Access Analysis & Response SAP Access Monitoring NetWeaver Planning Audit Mgmt Manage Audit Engagements Remediation 2011 SAP AG. All rights reserved. 32
33 Questions? Michael Heckner Sr. Director, EMEA Solutions Business Development Phone +49 (170) Michael. sap. com SAP AG. All rights reserved. 33
34 Thank You! Contact information: Michel Heckner Sr. Director, EMEA Solution Business Development (GRC) Zeppelinstrasse Hallbergmoos/München
Bilgi Teknolojileri Risk Yönetimi Uygulamaları
Bilgi Teknolojileri Risk Yönetimi Uygulamaları Kurumsal Risk Yönetimi Derneği 8 Mart 2011 Ajanda BT risk yönetimi kavramı BT risk yönetimi uygulamaları Risk IT çerçevesi Uygulama örnekleri Sorular ve tartışma
More informationCredit Union Liability with Third-Party Processors
World Council of Credit Unions Annual Conference Credit Union Liability with Third-Party Processors Andrew (Andy) Poprawa CEO, Deposit Insurance Corporation of Ontario Canada 1 Credit Union Liability with
More informationwww.pwc.com Business Resiliency Business Continuity Management - January 14, 2014
www.pwc.com Business Resiliency Business Continuity Management - January 14, 2014 Agenda Key Definitions Risks Business Continuity Management Program BCM Capability Assessment Process BCM Value Proposition
More informationwww.pwc.com Third Party Risk Management 12 April 2012
www.pwc.com Third Party Risk Management 12 April 2012 Agenda 1. Introductions 2. Drivers of Increased Focus on Third Parties 3. Governance 4. Third Party Risks and Scope 5. Third Party Risk Profiling 6.
More informationHOCH CAPITAL LTD PILLAR 3 DISCLOSURES As at 1 February 2015
HOCH CAPITAL LTD PILLAR 3 DISCLOSURES As at 1 February 2015 TABLE OF CONTENTS 1. Overview / Background 1.1 Introduction 1.2 Frequency of disclosure 1.3 Location and verification of disclosure 1.4 Scope
More informationAs of July 1, 2013. Risk Management and Administration
Risk Management Risk Control The ORIX Group allocates management resources by taking into account Group-wide risk preference based on management strategies and the strategy of individual business units.
More informationCampus Recruiting. Tax. kpmgcampus.com
Campus Recruiting Tax kpmgcampus.com EVS KPMG s Economic and Valuation Services (EVS) professionals offer a wide range of advanced analytical services that help clients make forward-thinking decisions
More informationIntroduction. More time to run their business, Less HR cost to reinvest back to their organization and
Introduction The Barbelo Group is a one stop Human Resources Outsourcing, Staffing and Consulting firm. It is the only outsource and consulting HR organization in the industry to apply Six Sigma methodologies
More informationLinking Risk Management to Business Strategy, Processes, Operations and Reporting
Linking Risk Management to Business Strategy, Processes, Operations and Reporting Financial Management Institute of Canada February 17 th, 2010 KPMG LLP Agenda 1. Leading Practice Risk Management Principles
More informationRethinking contingency planning for an integrated world
Business Continuity* January 2010 Rethinking contingency planning for an integrated world Highlights: Increased supply chain complexities require broadened scope of contingency planning. Increasing outsourcing
More informationHowelliott (Aero)
Northrop Grumman Fourth Quarter 2014 Conference Call January 29, 2015 Wes Bush Chairman, Chief Executive Officer and President Jim Palmer Corporate Vice President and Chief Financial Officer Forward-Looking
More informationINTERNATIONAL PAPER COMPANY
INTERNATIONAL PAPER COMPANY AUDIT AND FINANCE COMMITTEE CHARTER (Amended and Restated as of February 9, 2010) Purpose and Role of Audit and Finance Committee The Audit and Finance Committee (the Committee
More informationA Guide to Crowdfunding for Companies Seeking to Raise Capital
A Guide to Crowdfunding for Companies Seeking to Raise Capital A publication of the Securities Law Practice mefiifmp=kfwbo LLP June 2012 On April 5, 2012, President Obama signed into law the Jumpstart
More informationFORD UNIVERSITY. Stuart Rowley Vice President and Controller
FORD UNIVERSITY Stuart Rowley Vice President and Controller March 13, 2015 FORD UNIVERSITY Agenda for today s discussion: Warranty Reserves China JV Equity Earnings Venezuela Accounting Change Cash Drivers
More informationHow to Develop Successful Enterprise Risk and Vendor Management Programs
Project Management Institute New York City Chapter January 2014 Chapter Meeting How to Develop Successful Enterprise Risk and Vendor Management Programs Christina S. Kite Senior Vice President Corporate
More informationRISK MANAGEMENt AND INtERNAL CONtROL
RISK MANAGEMENt AND INtERNAL CONtROL Overview 02-09 Internal control the Board meets regularly throughout the year and has adopted a schedule of matters which are required to be brought to it for decision.
More informationDISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY
Audit Committee - 1. Call to Order - Nicholas Majett, Chairperson DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY Board of Directors Audit Committee Thursday, October 2, 2014 10:30 a.m. 1. Call to Order..Nicholas
More informationFramework for Enterprise Risk Management
Framework for Enterprise Risk Management 2013 Johnson & Johnson Contents Introduction.... 4 J&J Strategic Framework... 5 What is Risk?.......................................................... 7 J&J Approach
More informationCommodity Price Risk Management (CPRM) - Trends and Challenges for Corporates
Advisory Commodity Price Risk Management (CPRM) - Trends and Challenges for Corporates May 2014 Agenda Industry Challenges CPRM A Business Case CPRM Maturity Model CPRM Trends What Should Companies Do?
More informationCapital Requirements Directive Pillar 3 Disclosure. December 2015
Capital Requirements Directive Pillar 3 Disclosure December 2015 1. Background The purpose of this document is to outline the Pillar 3 disclosures for BlueBay Asset Management LLP ( BlueBay ). BlueBay
More information2016 -- LIST OF AVAILABLE COURSES
of days Course Title 1 500 Credit and Collection Management * 2 500 B Advanced Credit and Collection Management 3 600 4 600 A 5 600B * 6 600 M * 7 600N 8 700 * 9 700 A Debt Collection and Revenue Management
More informationMANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS Fiscal Year 2014 PROVEN TRACK RECORD 58 Years of profitable investments in emerging markets $67b $51.7b $15.3b $22.4b $17.3b $5.1b $1.5b Diversified
More informationmysap ERP FINANCIALS SOLUTION OVERVIEW
mysap ERP FINANCIALS SOLUTION OVERVIEW EFFECTIVE FINANCIAL MANAGEMENT ... IS KEY TO BUSINESS SUCCESS mysap ERP FINANCIALS YOUR BUSINESS, YOUR FUTURE, YOUR SUCCESS mysap ERP is the world s most complete
More informationEnterprise Risk Management & Information Technology
Enterprise Risk Management & Information Technology Presented by Scott Perry and Gary Ross Slalom Consulting, San Francisco Agenda Introductions Session Objectives Overview of Enterprise Risk Management
More informationGovernance, Risk and Compliance Management SAP Solutions for GRC. Holly Roland GRC Solutions Marketing SAP
Governance, Risk and Compliance SAP Solutions for GRC Holly Roland GRC Solutions Marketing SAP Fragmentation increases risk Managing risks is everyone s job Board, Audit Committee Executive compensation
More informationNAPCS Product List for NAICS 54161: Management Consulting Services
NAPCS List for NAICS 54161: National 54161 1 Management Providing advice and guidance in the areas of strategic and organizational, financial, human resources, marketing, and operations and supply chain
More information[Name of Company] [ ] [ ] [ ] [ ] (4) List of states and foreign countries in which qualified to do business. [ ] [ ] [ ] [ ] (5) All Business Plans.
[Name of Company] Preliminary Due Diligence Checklist [Date] In connection with the proposed sale of Series Preferred Stock by [Name of Company] (the "Company"), please supply the following materials.
More informationOur Service Offering to SASOL
Our Service Offering to SASOL MEMBER FIRM ALIGNED WITH LIKE-MINDED FIRMS IN OVER 70 OFFICES ACROSS 25 COUNTRIES Giving our clients a competitive advantage by providing access to best practice. A BRIEF
More informationMicrosoft Cloud Strength Highlights Second Quarter Results
Microsoft Cloud Strength Highlights Second Quarter Results Commercial cloud annualized revenue run rate exceeds $9.4 billion; Windows 10 active on over 200 million devices REDMOND, Wash. January 28, 2016
More informationHow To Manage Risk
Oracle Applications Day Zürich, 1. Juli 2009 Risk und Performance Management in Stürmischen Zeiten mit Oracle GRC Steven Hagner EMEA GRC Sales Organization 1 Safe Harbor Statement The following is intended
More informationTying It All Together: Practical ERM Integration. Richard Scanlon Vice President Enterprise Risk Management CIGNA Corporation
Tying It All Together: Practical ERM Integration Richard Scanlon Vice President Enterprise Risk Management CIGNA Corporation November 16, 2007 1 Agenda Basis for ERM Integration ERM Objectives ERM Focus
More informationGuidelines for Financial Institutions Outsourcing of Business Activities, Functions, and Processes Date: July 2004
Guidelines for Financial Institutions Outsourcing of Business Activities, Functions, and Processes Date: July 2004 1. INTRODUCTION Financial institutions outsource business activities, functions and processes
More informationRSA ARCHER BUSINESS CONTINUITY MANAGEMENT AND OPERATIONS Solution Brief
RSA ARCHER BUSINESS CONTINUITY MANAGEMENT AND OPERATIONS Solution Brief INTRODUCTION Now more than ever, organizations depend on services, business processes and technologies to generate revenue and meet
More informationExercising Your Enterprise Cyber Response Crisis Management Capabilities
Exercising Your Enterprise Cyber Response Crisis Management Capabilities Ray Abide, PricewaterhouseCoopers, LLP 2015 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved.
More informationForensic Services. Third Party Risks. March 2013
Forensic Services Third Party Risks Landscape of third party risk Focus on third parties that: perform functions on behalf of the company provide products and services that the company does not originate
More informationForensic Services. kpmg.hu
Forensic Services kpmg.hu We help you curb your losses. Our forensic team provides services designed to assist you in matters of a commercial or financial nature that may result in a legal or regulatory
More informationAPPLICABLE TO: Flow Systems Group and all employees. Risk Management
PURPOSE: Flow Systems is committed to managing its risks and ensuring compliance with all relevant laws and regulations in a proactive, on-going and positive manner. This document outlines Flow s Risk
More information8/12/2013. Then. Now. Managing risk and compliance. August 14, 2013
GLOBAL/INTERNATIONAL PAYROLL THE GROUND WORK August 14, 2013 Then Identifying & tracking the assignees Drafting a policy document Implementing a mobility process Deploying an assignment management system
More informationVeritiv Corporation 2Q14 Financial Results. August 13, 2014
Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,
More informationKPMG s Financial Management Practice. kpmg.com
KPMG s Financial Management Practice kpmg.com 1 KPMG s Financial Management Practice KPMG s Financial Management (FM) practice, within Advisory Management Consulting, supports the growing agenda and increased
More informationRisks and uncertainties
Risks and uncertainties Our risk management approach We have a well-established risk management methodology which we use throughout the business to allow us to identify and manage the principal risks that
More informationInformation about 2015 Inspections
Vol. 2015/2 October 2015 Staff Inspection Brief The staff of the Public Company Accounting Oversight Board ( PCAOB or Board ) prepares Inspection Briefs to assist auditors, audit committees, investors,
More informationwww.pwc.co.uk Cyber security Building confidence in your digital future
www.pwc.co.uk Cyber security Building confidence in your digital future November 2013 Contents 1 Confidence in your digital future 2 Our point of view 3 Building confidence 4 Our services Confidence in
More informationDomain 1 The Process of Auditing Information Systems
Certified Information Systems Auditor (CISA ) Certification Course Description Our 5-day ISACA Certified Information Systems Auditor (CISA) training course equips information professionals with the knowledge
More informationFinancial Risk Management Top priorities for Corporate treasuries
www.pwc.com Financial Risk Management Top priorities for Corporate treasuries Aniket Kulkarni Michiel Mannaerts March 2014 Contents 1. Introduction 2. Financial risks in corporate treasury 3. Tools for
More informationDepartment of Infrastructure and Planning: Governance Framework for Infrastructure Delivery Special Purpose Vehicles
Department of Infrastructure and Planning: Governance Framework for Infrastructure Delivery Special Purpose Vehicles Governance Framework for Special Purpose Vehicles Table of Contents Executive Summary...3
More informationWelcome to today s training on how to Effectively Sell SAP ERP! In this training, you will learn how SAP ERP addresses market trends and
Welcome to today s training on how to Effectively Sell SAP ERP! In this training, you will learn how SAP ERP addresses market trends and organizations business needs. 1 After completing this lesson, you
More informationEnterprise Data Management
Enterprise Data Management - The Why/How/Who - The business leader s role in data management Maria Villar, Managing Partner Business Data Leadership Introduction Good Data is necessary for all business
More informationbuilding a business case for governance, risk and compliance
building a business case for governance, risk and compliance contents introduction...3 assurance: THe last major business function To be integrated...3 current state of grc: THe challenges... 4 building
More informationThe Changing IT Risk Landscape Understanding and managing existing and emerging risks
The Changing IT Risk Landscape Understanding and managing existing and emerging risks IIA @ Noon Kareem Sadek Senior Manager, Deloitte Canada Chris Close Senior Manager, Deloitte Canada December 2, 2015
More informationInformation Security Program
Stephen F. Austin State University Information Security Program Revised: September 2014 2014 Table of Contents Overview... 1 Introduction... 1 Purpose... 1 Authority... 2 Scope... 2 Information Security
More informationTECK RESOURCES LIMITED AUDIT COMMITTEE CHARTER
Page 1 of 7 A. GENERAL 1. PURPOSE The purpose of the Audit Committee (the Committee ) of the Board of Directors (the Board ) of Teck Resources Limited ( the Corporation ) is to provide an open avenue of
More informationDocuments and maintains supporting information for transactions and events receipts and invoices
CGA Competency List The following list defines and provides examples of the competencies required of a newly certified CGA. It is derived from the results of the Association's 2002-03 large-scale practice
More informationChange is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey
January 2012 Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey At a glance Our utilities-industry survey shows that many companies
More informationwww.pwc.com/hu Power issues A PwC üdvözli PwC s services Győrt for the energy sector PwC welcomes Győr
www.pwc.com/hu Power issues A PwC üdvözli PwC s services Győrt for the energy sector PwC welcomes Győr PwC has a strong presence in the field of energy consulting both in Hungary and in the region. Using
More informationFord Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion*
Ford Credit Earns Full-Year Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion* DEARBORN, Mich., Jan. 29, 2015 Ford Motor Credit Company reported a pre-tax profit of $1.9 billion in, its highest
More informationAccounting and Management Information Systems Course Descriptions
Accounting and Management Information Systems Course Descriptions Accounting Course Descriptions ACCT 110 Introduction to Financial Accounting This introductory course to financial accounting aims to develop
More informationHP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results
HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com
More informationa. employees Company; or
Code of Busines ss Conduct and Ethics 1. Introduction a. This Code of Business Conduct and Ethics (the Code ) applies to all directors, officers, employees and third parties employed or directly engaged
More informationClaims Management Services Get help to analyze the problem and execute an effective remediation plan
Claims Management Services Get help to analyze the problem and execute an effective remediation plan Your Challenge From time to time, a business may face a significant claim (or group of related claims)
More informationVendor Risk Management Financial Organizations
Webinar Series Vendor Risk Management Financial Organizations Bob Justus Chief Security Officer Allgress Randy Potts Managing Consultant FishNet Security Bob Justus Chief Security Officer, Allgress Current
More informationWhat is reputation / reputation risk? What is a reputation risk?
REPUTATION RISK 1 What is reputation / reputation risk? Reputation is : an intangible asset greater than brand offering premium value growth opportunities to shareholders sum total of all stakeholders
More informationStrategies for Corporate Social Responsibility
Strategies for Corporate Social Responsibility Dr. Vanja Markovic Certification Maintenance Points This seminar has been approved by: -ABIH (American Board of Industrial Hygiene) Please complete a quiz
More informationCyber Warfare. Global Economic Crime Survey. Causes of Cyber Attacks. David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP. Why Cybercrime?
Cyber Warfare David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP Global Economic Crime Survey Cyber crime is the fastest growing economic crime up more than 2300% since 2009 1 in 10 companies
More informationENTERPRISE MANAGEMENT AND SUPPORT IN THE TELECOMMUNICATIONS INDUSTRY
ENTERPRISE MANAGEMENT AND SUPPORT IN THE TELECOMMUNICATIONS INDUSTRY The Telecommunications Industry Companies in the telecommunications industry face a number of challenges as market saturation, slow
More informationInformation Security in the framework of Enterprise Risk Management (ERM)
ERM, a widespread practice in Financial Institutions Value based ERM is driven by shareholder value Strategic ERM is driven by the internal control imperative Integral part of sound business management
More informationPayroll Systems and Technology. CPP Study Class 2014 - Chapter 12
Payroll Systems and Technology CPP Study Class 2014 - Chapter 12 Objectives of a Computerized Payroll System Customers: EE s we pay Other dept s Upper mgmt Government agencies System Provides: Paychecks
More informationInca One Gold Corp. Insider Trading Policy
Inca One Gold Corp. Insider Trading Policy 1.0 Introduction The Board of Directors (the Board ) of Inca One Gold Corp. ( Inca One ) 1 has determined that Inca One should formalize its policy on securities
More informationCompetency Requirements for Executive Director Candidates
Competency Requirements for Executive Director Candidates There are nine (9) domains of competency for association executives, based on research conducted by the American Society for Association Executives
More informationWhite Paper Governance, Risk Management and Compliance: Sustainability and Integration supported by Technology
White Paper Governance, Risk Management and Compliance: White Paper Governance, Risk Management and Compliance: Published by PricewaterhouseCoopers AG by: Christof Menzies Alan Martin Michael Koch Carsten
More information462 IBN18 (MAURITIUS) LIMITED. IBN18 (Mauritius) Limited
462 IBN18 (MAURITIUS) LIMITED IBN18 (Mauritius) Limited IBN18 (MAURITIUS) LIMITED 463 Independent Auditors Report Independent Auditors Report to the member of IBN18 (Mauritius) Limited Report on the Financial
More informationSaxo Capital Markets CY Limited
Saxo Capital Markets CY Limited DISCLOSURES IN ACCORDANCE WITH THE REGULATION FOR THE CAPITAL REQUIREMENTS OF INVESTMENT FIRMS FOR THE YEAR ENDED 31 DECEMBER 2014 MAY 2015 CONTENTS 1. GENERAL INFORMATION
More informationSarbanes-Oxley: Beyond. Using compliance requirements to boost business performance. An RIS White Paper Sponsored by:
Beyond Sarbanes-Oxley: Using compliance requirements to boost business performance The business regulatory environment in the United States has changed. Public companies have new obligations to report
More informationAppendix A. Specific Learning Objectives by Course
Appendix A by Course MGMT 0630: Foundations in Ethics: Applications to Business and the CPA Profession Identify the regulatory bodies that regulate the CPA profession. Discuss the Code of Professional
More informationGuide to Internal Control Over Financial Reporting
Guide to Internal Control Over Financial Reporting The Center for Audit Quality prepared this Guide to provide an overview for the general public of internal control over financial reporting ( ICFR ).
More informationLGMA Qld Governance and Corporate Planning Village Forum
www.pwc.com.au Fraud Risk Management Fraud Risk Assessments LGMA Qld Governance and Corporate Planning Village Forum March 2015 Agenda Introductions Fraud Risk Management Fraud Statistics s Global Economic
More informationOperational risk in Basel II and Solvency II
Operational risk in Basel II and Solvency II John Thirlwell Royal Docks Business School, University of East London 14 October 2010 Operational risk and Basel II Defining operational risk Capital for operational
More informationRisk Considerations for Internal Audit
Risk Considerations for Internal Audit Cecile Galvez, Deloitte & Touche LLP Enterprise Risk Services Director Traci Mizoguchi, Deloitte & Touche LLP Enterprise Risk Services Senior Manager February 2013
More informationFebruary 2015. Audit committee performance evaluation
February 2015 Audit committee performance evaluation Audit committee performance evaluation The following questionnaire is based on emerging and leading practices to assist in the self-assessment of an
More informationU.S. SQUASH Whistleblower Policy
General The United States Squash Racquets Association, Inc. d/b/a U.S. SQUASH ( U.S. SQUASH ) Ethics, Principles and Conflict of Interest Policy ( Ethics Policy ) requires directors, officers and employees
More informationInvestors/Analysts Conference London/New York, February 2012 Ian Bishop
Investors/Analysts Conference London/New York, February 2012 Ian Bishop This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as
More informationUniversity of St. Gallen Law School Law and Economics Research Paper Series. Working Paper No. 2008-19 June 2007
University of St. Gallen Law School Law and Economics Research Paper Series Working Paper No. 2008-19 June 2007 Enterprise Risk Management A View from the Insurance Industry Wolfgang Errath and Andreas
More informationProcurement Capability Standards
IPAA PROFESSIONAL CAPABILITIES PROJECT Procurement Capability Standards Definition Professional Role Procurement is the process of acquiring goods and/or services. It can include: identifying a procurement
More informationManaging Data as a Strategic Asset: Reality and Rewards
Managing Data as a Strategic Asset: Reality and Rewards GTA Technology Summit 2015 May 11, 2015 Doug Robinson, Executive Director National Association of State Chief Information Officers (NASCIO) About
More informationThird-Party Cybersecurity and Data Loss Prevention
Third-Party Cybersecurity and Data Loss Prevention SESSION ID: DSP-W04A Brad Keller Sr. Vice President Santa Fe Group Jonathan Dambrot, CISSP CEO, Co-Founder Prevalent Networks 3rd Party Risk Management
More informationStrength in Microsoft Cloud Highlights Q3 Results
Strength in Microsoft Cloud Highlights Q3 Results Increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live contributes to Q3 growth REDMOND, Wash. April 23, 2015 Microsoft Corp. today announced
More informationImportant matters for Securities CFD
Provisional Translation for Reference Purpose Only Risk Disclosure for Securities CFD Transaction (This document is given by Interactive Brokers Securities Japan, Inc. in accordance with the regulation
More informationFraud Prevention and Deterrence
Fraud Prevention and Deterrence Fraud Risk Assessment 2016 Association of Certified Fraud Examiners, Inc. What Is Fraud Risk? The vulnerability that an organization faces from individuals capable of combining
More informationControls and accounting policies
Controls and accounting policies Controls and procedures Management s responsibility for financial information contained in this Annual Report is described on page 92. In addition, the Bank s Audit and
More informationEntrepreneurs Programme - Business Growth Grants
Entrepreneurs Programme - Business Growth Grants Version: 15 July 2015 Contents 1 Purpose of this guide... 4 2 Programme overview... 4 2.1 Business Management overview... 4 3 Business Growth Grant... 5
More informationGovernance, Risk & Compliance Management. Julian Hunn, Operations Manager Professional Standards
Governance, Risk & Compliance Management Julian Hunn, Operations Manager Professional Standards Session Plan GRC Governance, Risk & Compliance Management What is corporate governance? Directors duties
More informationAccenture Advanced Enterprise Performance Management Solution for SAP
Accenture Advanced Enterprise Performance Management Solution for SAP Helping oil and gas companies exploit today s insight and fuel tomorrow s high performance In the recent Accenture High Performance
More informationBlending Corporate Governance with. Information Security
Blending Corporate Governance with Information Security WHAT IS CORPORATE GOVERNANCE? Governance has proved an issue since people began to organise themselves for a common purpose. How to ensure the power
More informationS24 - Governance, Risk, and Compliance (GRC) Automation Siamak Razmazma
S24 - Governance, Risk, and Compliance (GRC) Automation Siamak Razmazma Governance, Risk, Compliance (GRC) Automation Siamak Razmazma Siamak.razmazma@protiviti.com September 2009 Agenda Introduction to
More informationTITLE: Fraud Prevention and Detection Program IDENTIFIER: S-FW-LD-1008 APPROVED: Executive Cabinet (Pending)
PAGE 1 of 5 TITLE: Fraud Prevention and Detection Program IDENTIFIER: S-FW-LD-1008 APPROVED: Executive Cabinet (Pending) ORIGINAL: 11/03 REVISED: 10/07, 09/10, 04/13 REVIEWED: EFFECTIVE DATE Acute Care
More informationTENET HEALTHCARE CORPORATION S QUALITY, COMPLIANCE AND ETHICS PROGRAM CHARTER. Updated May 7, 2014
TENET HEALTHCARE CORPORATION S QUALITY, COMPLIANCE AND ETHICS PROGRAM CHARTER Updated May 7, 2014 PREAMBLE Tenet Healthcare Corporation ( THC ) hereby sets forth this Charter for its Quality, Compliance
More informationGovernance, Risk and Compliance (GRC) software Business needs and market trends
Governance, Risk and Compliance (GRC) software Business needs and market trends David Cau Director Business Risk Deloitte The importance of a holistic view of risk and compliance issues and the difficulty
More informationFraud Risk Management Procedures
Fraud Risk Management Procedures 1. Introduction KCE Electronics Public Company Limited ( KCE or the Company ) is committed to achieving the highest levels of business integrity, morals and transparency
More informationHow To Understand The Role Of An Internal Audit
Top Ten Issues facing Internal Auditing in the Future The IIA Dallas Chapter April 6, 2006 Presented by: David A. Richards, CIA, CPA President The Institute of Internal Auditors drichards@theiia.org 1
More informationForensic Audit Building a World Class Program
Forensic Audit Building a World Class Program PAUL E. ZIKMUND DIRECTOR GLOBAL INTEGRITY AND FORENSIC AUDIT 1 2012 ACFE ANNUAL FRAUD CONFERENCE ORLANDO, FL Why the Need for Forensic Audit Program In response
More information