Internal Audit Assurance on Risk Management Effectiveness: What Should we Expect?

Can internal auditors, external auditors and credit rating agencies really provide assurance on the effectiveness of risk management? What are the techniques to use and potential pitfalls when integrating risk management and internal control in alignment with ISO 31000? This session will focus on how to apply a comprehensive approach covering all ISO 31000 clauses using a maturity approach to assess sustainability.

Session Partners

iialogo

Speakers

Paul Sobel | Incoming Chairman of the Board | Institute of Internal Auditors [IIA] | USA | will talk about:

Internal Audit Assurance on Risk Management Effectiveness: What Should we Expect?

  • Internal audit’s responsibilities to provide assurance
  • Techniques to provide such assurance in alignment with ISO 31000.
  • A comprehensive approach covering all ISO 31000 clauses
  • A maturity approach to assess sustainability
Paul Sobel
Paul Sobel
Vincent Tophoff | Senior Technical Manager | International Federation of Accountants (IFAC) | USA | will talk about:

Leveraging ISO 31000 for Effective Integration of Risk Management and Internal Control

  • Present the outcomes of IFAC’s Global Survey on risk management and internal control
  • Highlight the most important pitfalls in integrating risk management and internal control and taking a wider perspective
  • Discuss a number good practice principles (in development) on how organizations can avoid or overcome these pitfalls
Vincent Tophoff
Vincent Tophoff
Prodyot Samanta | President | ThirdEye RiskInsights | USA | will talk about:

How Rating Agencies Should Align Their ERM Assessments To ISO 31000

  • Synopsis of Rating Agencies ERM assessment methodology
  • Why the Rating Agency criteria is inadequate
  • Incorporating ISO 31000
  • Steps Rating Agencies would need to take to make their ERM assessments meaningful
Prodyot Samanta
Prodyot Samanta