Internal Controls Calgary 2009
Practical Solutions for Ongoing Compliance Challenges
September 22 and 23, 2009
Optional Workshops: September 24, 2009
The Coast Plaza Hotel
CALGARY, ALBERTA
Conference Program Agenda - Day Two
Wednesday, September 23, 2009
| 8:00 - 9:00 |
Continental Breakfast |
8:00 - 9:00 |
9:00 - 9:15
Opening Remarks from the Chair
Nitin Khare, Senior Manager, Risk Advisory Services, BDO Dunwoody LLP
9:15 - 10:15
Maintaining Effective Internal Controls and Compliance in a Changing Environment
Gordon Chan, Partner, Enterprise Risk Services, Meyers Norris Penny LLP
- Staying compliant during changes
- Documenting changes
- Integrating new components into testing plan
- Doing it without interrupting the business
| 10:15 - 10:30 |
Networking Break |
10:15 - 10:30 |
10:30 - 11:30
Impact of Changes to IFRS on Your Internal Controls
Craig Trail, Partner, Deloitte & Touche LLP
Steen Skorstengaard, Partner, Deloitte & Touche LLP
- Ensuring proper control environment for effective conversion
- Aligning changes in accounting practices with changes in processes and related controls
- Planning for the changes
11:30 - 12:30
Case Study
From Project to Process: Decrease Your Testing Sample Moving Forward
Shawn Hendry, Director, Sunera Canada
- Refining and rationalizing your key controls
- Developing an effective testing strategy
- Decreasing sample size moving forward
- Leveraging monitoring controls to reduce testing of transactional controls
- Matching testing methods to level of risk
- Making testing an ongoing process versus a one time project
| 12:30 - 1:45 |
Luncheon Break |
12:30 - 1:45 |
1:45 - 2:45
Case Study
Streamlining Controls with Business Processes
Dary Bissonette, Manager, Corporate Accounting and Internal Controls, Finance Department, WestJet
- Integrating controls environment with daily business activities
- Align Internal Controls to business strategy and key risks faced by the firm
- Designing internal controls for business process improvement
- Moving from Project to process
- Measuring and monitoring ROI with improved performance
- Apply a broader understanding of key risk areas to relevant areas of controls and direct investments based on that knowledge
- Ensure your internal control infrastructure underpins the execution of overall business oversight and risk management practices
- Continuous controls testing
| 2:45 - 3:00 |
Networking Break |
2:45 - 3:00 |
3:00 - 4:00
Internal Controls and MD&A Disclosures (Management Disclosures and Analysis)
Stuart Hartley, President, FocusROI Inc.
- Measuring efficiency of controls
- New disclosure requirements
- How to disclose material weaknesses
- Most common deficiencies: how to avoid them?
- Linking risk disclosures to the planning process to ICFR reporting
- Due diligence: what and how much are you require to do?
4:00 - 5:00
Open Forum: Discussion Period
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