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An International Meeting of 2005 Annual MeetingAugust 7–10, 2005
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Continuing Professional Education Programs
In-conference
- MONDAY, AUGUST 8
- CPE Session 41: The Tax World in a Risk Focused Environment
- CPE Session 42: Financial Statement Fraud, Part 1
- TUESDAY, AUGUST 9
- CPE Session 43: Oversight Technology Session: Continuous Monitoring Technology
- CPE Session 44: Financial Statement Fraud, Part 2
In-conference CPEs are a new initiative this year. In an effort to attract and involve practitioners (and also available to other members), new CPE sessions will be offered all afternoon on Monday and Tuesday. Representatives from Big 4 firms and Oversight Technologies will deliver the CPE, which will address fraudulent financial reporting, tax and corporate governance, ethics, and continuous monitoring technology.
In-conference CPEs are separately ticketed as part of registration with a fee of CPE $45/session.
American Accounting Association is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org
| MONDAY, AUGUST 8 |
CPE Session 41: Monday, August 8, 2:00 PM – 5:00 PM
The Tax World in a Risk Focused EnvironmentDescription: Tax accounting and financial reporting issues
The changing relationship between a client and an audit firm
Corporate tax departments, risk management, and corporate governance
Best practices in tax data managementSpeaker:
Richard G. (Dick) Larsen, Partner, E&Y National Tax Office
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CPE Session 42: Monday, August 8, 2:00 PM – 6:00 PM
Financial Statement Fraud, Part 1Description: This is a customized program designed and presented by the Association of Certified Fraud Examiners. The AAA thanks Deloitte & Touche USA LLP, KPMG LLP and PricewaterhouseCoopers LLP for their support in bringing this program to you.
The complexity of financial statement fraud has received considerable attention over the past few years and will continue to cause concern. This intermediate level course is designed for those who regularly review and evaluate financial statements. Auditors, both internal and independent, will benefit from an enhanced understanding of what the numbers mean and the increased ability to detect indicators of fraud. This instructor-led course also discusses what the professional responsibilities of the accountant are in relation to accuracy of the statements, especially in light of new legislation and revised fraud standards. It covers:
- Responsibilities of management and auditors
- Basic financial statement schemes
- Red flags of financial statement fraud
- Audit procedures to detect fraud
Presenter: Nancy Pasternack, Association of Certified Fraud Examiners
This program qualifies for 8 CPE credits. It is presented in two four-hour sessions on Monday, August 8 and Tuesday, August 9 from 2:00 pm - 6:00 pm:
Monday—Financial Statement Fraud, part 1
Tuesday—Financial Statement Fraud, part 2You must register for part 1 in order to register for part 2. We anticipate these two sessions together will meet the new California State Board of Accountancy requirement for 8 hours of CPE in fraud-related topics for license renewal that goes into effect on July 1, 2005.
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| TUESDAY, AUGUST 9 |
CPE Session 43: Tuesday, August 9, 2:00 PM – 5:00 PM
Oversight Technology Session: Continuous Monitoring TechnologyDescription: This session will discuss the emerging ERP systems-based framework for integrated, continuous monitoring of organizations' transactions with the goal of significantly reducing fraud, misuse, and errors by insiders. The continuous monitoring concept will be described and differentiated from continuous auditing, previous methods for batch-oriented monitoring of transactions will be discussed, and there will be an in-depth review of state-of-the-art continuous monitoring solutions including customer experiences with these solutions. The continuous monitoring discussion will focus on various approaches as well the associated workflow and process requirements for effective continuous monitoring programs. The session will conclude with consideration of potential results and future directions in continuous monitoring.
Session Agenda:
2:00pm – 2:15pm: Continuous Monitoring Defined
- Continuous Monitoring
- Continuous Auditing
- Continuous Assurance
2:15pm – 2:30: Drivers for Continuous Monitoring
- Reduced Error, Misuse, and Fraud
- Controls Effectiveness Monitoring
- Quality in Financial Operations
2:30pm –3:15pm: Early Automation Approaches - The Auditors Toolkit
- Excel-based approaches
- MS Access and Crystal Reports
- ACL
- ERP systems reporting
- Proprietary audit tools (D-Tect, CAATS, et al)
3:15pm – 3:30pm: Coffee Break
3:30pm – 5:00pm: Continuous Monitoring for Controllers and Auditors
- ERP-centric Solutions
- Controls Configuration Solutions
- Extension of continuous monitoring
- Technical description of techniques
- Operations Impacts and Considerations
- Reporting and Decision Support
- Other Benefits (financial performance management, metrics, and quality)
- The Business Case - Customer Case Studies
Presenters:
Patrick Taylor, CEO of Oversight Systems
Mr. Taylor is recognized as a leader in the convergence of controls monitoring, information security and the implementation of technology to boost corporate governance. As CEO of Oversight Systems, Patrick is responsible for understanding customer needs for operational governance and making sure those needs are met in Oversight's product development. Patrick recognized that most IT security and financial system controls focus on user access and role management but don't address the need to understand the integrity of what people do in their authorized roles and activities. After speaking with executives from across the country, Patrick launched Oversight Systems to pioneer the concepts and technology for transaction integrity monitoring.As a thought leader in continuous monitoring, Patrick has spoken at several compliance and audit industry conferences from organizations, such as the Institute of Internal Auditors and the Association of Certified Fraud Examiners. As a respected information security industry insider who served in various product management and strategic marketing roles with Internet Security Systems and Symantec, Patrick is a frequent speaker at conferences, such as RSA, Networld + Interop, Comdex, NetSec and the Goldman Sachs Information Technology Conference.
In addition to his previous experience with ISS and Symantec, Patrick worked in leading roles with ORACLE, Red Brick Systems, GO, Air2Web and Fast-Talk. Patrick has a Bachelor of Mechanical Engineering with honors from the Georgia Institute of Technology and a MBA from the Harvard Graduate School of Business Administration.
Jeffrey Z. Johnson, Vice President of Federal Solutions for Oversight Systems
Mr. Johnson leads federal operations for Oversight Systems where he draws upon more than 23 years of security, controls, audit, and management experience to deliver the benefits of transaction integrity monitoring to federal customers. Mr. Johnson is co-author of eight Oversight patents-pending.Recognized as an expert in applying technology to deliver tangible business results, Mr. Johnson is a frequent speaker at events sponsored by influential organizations such as ISACA, IIA, ACFE, SANS, CSI, the Conference Board for Shared Services, and the Contingency Planning & Management Association, where he speaks on the application of technology to solving business problems related to Sarbanes-Oxley, continuous audit and monitoring, and security.
Prior to Oversight, Mr. Johnson led the application security and fraud control services practices at market leading government ERP systems provider American Management Systems (AMS). Before AMS, he directed the Vigilinx Inc. managed security service business unit and prior to joining Vigilinx, Mr. Johnson founded META Security Group where he served as chairman and chief executive officer of this full-service information security solutions provider. Mr. Johnson has held executive positions at Internet Security Systems and Trident Data Systems, a pioneering firm in the field of information warfare. Mr. Johnson has supported a large number of commercial, federal civilian, and federal Department of Defense organizations including the Navy, Air Force, Army, CIA, NSA, OSD, Department of State, Department of Energy and NASA. Mr. Johnson served as an Intelligence Specialist in the U.S. Navy, has a B.S. from the State University New York, and has pursued the National Security Affairs program at the Naval Post Graduate School.
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CPE Session 44: Tuesday, August 9, 2:00 PM – 6:00 PM
Financial Statement Fraud, Part 2Part 1 (see CPE Session 42 above) is a pre-requisite for this continuing intermediate course designed for those who regularly review financial statements. We anticipate these two sessions together will meet the new California State Board of Accountancy requirement for 8 hours of CPE in fraud-related topics for license renewal that goes into effect on July 1, 2005.
Presenter: Nancy Pasternack, Association of Certified Fraud Examiners