16th annual internal audit congress

www.iacongress.com

Embracing Our 16th Year Of Developing Middle East Internal Audit Intelligence

Abdulrahman Al HarebChief Group

Internal AuditorDubai Holding, UAE

Paul ShantzHead of Internal Audit

NCB Capital, Bahrain

Osama H. Al RahmaBoard Director

Al Fardan Group, UAE

Francois DelagrangeChief Internal AuditorBanque Saudi Fransi,

KSA

Hamdy El SayedHead of Internal Audit

Gulf Investment Corporation, Kuwait

Abdulrahman H. Al Sughayer

Chief Audit ExecutiveBank Al Bilad, KSA

Ashwani JhambGeneral Manager, Audit

& AssurancePort of Salalah, Oman

Media Partners Organised By

Abdul Hamid SeedatHead of Internal AuditQatar Financial Centre

Authority, Qatar

5 Congress Highlights:1. Examine the complex relationships between heads of

audit, the audit committee, senior management and external audit

2. Strengthen your risk-based auditing technique and strategy

3. Identify changes to the internal audit role caused by the new economic climate

4. Proactively tackle common conflicts of interest that arise from internal audits

5. Integrate the internal audit function into all areas of your business and through all departments

7 Reasons Why You MUST Attend:

1. Hear from over 25 regional and international audit leaders

2. Find out why this is the longest running internal audit event in the region

3. Join the Middle East internal audit community in solving tomorrow’s challenges with interactive voting and panel sessions

4. Gain practical, customised knowledge by joining our full-day post-congress workshops

5. Experience a thoroughly researched and comprehensive congress programme

6. Earn up to 35 CPE credits from the IIA for quantifiable, professional growth

7. Enjoy the perfect mix of strategic, practical and technical topics

Who should attend?

Heads of Internal Audit • Chief Internal Auditors • Internal Audit Managers • Senior Auditors • Directors of Internal Audit • General Auditors • Senior Financial Auditors • Business Risk Assurance Team Leaders • Managers of Internal Audit Departments and Senior Accountants • Anybody whose role includes internal audit, controls, assurance and risk

Earn up to 35 CPE credits from the IIA by participating!

www.iacongress.com

Abdul Mohsen Al Rayes, Deputy General Manager Audit Arab National Bank, UAE

Dear Internal Audit Professional,

This year, we have the opportunity to advance a congress

that, in its 16th year, has an unequalled history of success

among the Middle East internal audit community.

Concurrently, the role of internal auditors is changing at

a rate that has left many in the field dazed and searching

for stability and answers to questions they didn’t know

they would be asking.

To address this conundrum, we have undertaken an

innovative approach to ensure that the 16th Annual Internal

Audit Congress fills this widening void of uncertainty with

a platform for debate that will certainly result in a new

confidence among the profession. Through a programme

that balances the need for strategic insight and economic

answers with essential practical and technical auditing

skills and updates, you will discover innovative solutions to

challenges both old and new.

At this congress, an extensive line-up of world-class

speakers from the region and beyond promise to deliver

view-altering perspectives through lively presentations

and interactive discussion. You will have the opportunity

to speak directly with these leaders during our many

networking opportunities.

Furthermore, you have several options for participation.

Whether you are concerned about a slim budget to

spend on the congress or you cannot afford multiple

days out of the office, we have a congress package for

you. The five-day event begins with a one-day summit,

followed by a two-day conference leading into three

full-day workshops. You select your level of involvement

by using these pieces to create your own Internal Audit

Congress experience.

Please examine the brochure in your hands to discover

the other perks offered at this congress and realise the

true value of participation.

I look forward to meeting you from the 1st to 5th of November.

Best regards,

Keith Parker

Conference Manager

16th Annual Internal Audit Congress

P.S. Low budget? One more reason to register early and

take advantage of our great early-bird savings

P.P.S. Earn up to 35 CPE credits from the IIA by

participating

“It is the best event to learn the new

developments in IA and a great chance

for networking with the right people.”

“A must for Chief Auditors in the region. A unique opportunity

to exchange views on the latest trends in

our business.”

Francois Delagrange, Chief Internal AuditorBanque Saudi Fransi, KSA

www.iacongress.com

8.30 Registration And Morning Coffee

9.00 Opening Remarks From The Chairman Phil Griffiths, Managing Director Business Risk Management Ltd., UK

9.15 The Changing Landscape Of Internal Audit •Ensuring complex governance, risk management

and control processes, increasingly in the trust of the IA department, are adequate, effective and sustainable

•Exploring fundamental change needed in the IA industry

•Staff related change required in leading teams through fundamental change

Paul Shantz Head of Internal Audit NCB Capital, Bahrain

10.00 Examining And Strengthening Relationships With Regulators

•Exploring home and host regulation and how cross border relationships work

•What are firms’ legal obligations in dealing with regulators? Should they be timely, forthright and cooperative?

•Reviewing a case study of recent enforcement actions by the UK and Dubai regulators

•Being actively involved in the regulatory examination process to give firms an opportunity for corrections

•Lobbying and feeding back to the regulators both formally and informally

Carolyn Hanson, Regional Director ICT (Middle East) LLC, UAE

10.45 Networking And Refreshments Break

11.15 Tackling Unexpected Challenges In Internal Audit •Insight into the Deyaar Development’s internal

auditing practices, challenges and solutions •Exploring the solutions to internal audit pressure in

a difficult market •How internal auditors in real estate are

weathering the storm Om Singh, Chief Audit Executive Deyaar Development PSC., UAE

12.00 IIR Majlis – Structured Networking Session In this structured session you will have the

opportunity to meet a number of people you haven’t met before. You will be able to exchange basic information and your business cards, making it easier for you to start a conversation with these people during other networking opportunities provided by the conference. Remember to bring plenty of business cards!

12.30 Networking Lunch For Speakers And Delegates

13.45 Identifying Changes To The IA Role In A Slowing Economy

•Exploring the new definition of IA as organisations demand a wider range of focus for the IA department

•Determining new value-adding areas for focus and incorporating their benefits

•Governing the IA department during times of turmoil

•Discussing the meaning of ‘approved’ in IA today Waled Ibrahim Hussain, Chief Audit Executive National Petroleum Construction Co., UAE

14.30 Examining Conflicts Of Interest In Internal Audit And How You Can Avoid Them

•Exploring conflict prevention strategies for internal auditors while maintaining due diligence

•Rooting out managerial conflict before it occurs •Conflict management techniques to ensure both

professionalism and information exchange Francois Delagrange, Chief Internal Auditor Banque Saudi Fransi, KSA


15.30 How The Internal Audit Community Can Respond To The Global Economic Environment

•Drilling down: The global, regional and local implications of the current environment for internal auditors

•Re-examining the role of the key players in corporate governance

•Exploring the ramifications of today’s fair value accounting standards

•New solutions to the new challenges faced by internal auditors

Loutfi K. Echhade, Partner, Assurance and Advisory Business Services, Ernst & Young, KSA

16.15 Have Your Say: Building Consensus On The Roadmap To The Future

Play your part in setting the future of internal audit in the Gulf. Contribute your thoughts directly via interactive voting and make your voice heard!

John Barrett, Senior Associate John Barrett Consulting, UK

16.45 Chairperson’s Closing Remarks And End Of Summit Day

Facing The New Pressures On Internal AuditSummit Day • Sunday, 1 November 2009

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8.30 Registration And Morning Coffee

9.00 Opening Remarks From The Chairman John Barrett, Senior Associate John Barrett Consulting, UK

Embedding The Internal Audit Function Into Organisational Operations And Culture

9.15 Enhancing Added Value By Embedding IA Tools Into Your Corporate Structure

•Accurately implementing IA policy to ensure it is embedded into the core of your organisation

•Ensuring maximum IA value by enabling those outside of your department to implement critical IA functions

•Creating a culture of support for the IA role and directives

Phil Griffiths, Managing Director Business Risk Management Ltd., UK

10.00 Actuating The Audit Committee For Effective IA Management

•Examining the role of the audit committee in the overall corporate environment

•Identifying best practice structures and profiles for successful audit committees

•Rolling out an effective agenda for your audit committee

Ashwani Jhamb, General Manager, Audit & Assurance, Port of Salalah, Oman


11.15 Panel Session: Defining The Roles Of Heads Of Audit, The Audit Committee, Senior Management And External Audit

•Who has the final word on IA policy and directives, if anybody?

•Where should the lines be drawn between each of these four functions?

•How have these roles changed in the last year? Phil Griffiths, Managing Director Business Risk Management Ltd., UK

Congress Day One – Monday, 2 November 200914.15 Auditing From A Risk-Based Perspective In All Areas

Of Business •Understanding risk based audit principles and

their application to our current environment •Evaluating business risk in your own organisation •Thoroughly planning and executing a risk based

audit Abdulrahman H. Al Sughayer, Chief Audit Executive Bank Al Bilad, KSA


15.15 Panel Session: How Can IA Do More To Anticipate Changes In Risk?

•How can IA enhance risk management? •What are the biggest challenges IA faces in

anticipating risk and what are the solutions? •What is the best way to push enhanced risk

management from the IA department to the boardroom?

Paul Shantz, Head of Internal Audit NCB Capital, Bahrain

Royston Armstrong, Head of Internal Audit Abu Dhabi Investment Company, UAE

16.00 Establishing Risk Management In An Emerging Market

•Outlining the practical implementation of risk management for a bank in an emerging market

•Tackling challenges and obstacles in the implementation of risk management in emerging markets

•The role and function of the credit bureau in an emerging market

Hesham Hamdy, GM, Head of Risk Management Bank of Alexandria, Egypt

16.45 Chairperson’s Closing Remarks And End Of Congress Day One

Sherif Nosseir, Head of Internal Audit Department Coca Cola Bottling Company of Egypt, Egypt

Abdul Hamid Seedat, Head of Internal Audit Qatar Financial Centre Authority, Qatar

Francois Delagrange, Chief Internal Auditor Banque Saudi Fransi, KSA

12.00 IIR Majlis – Structured Networking Session In this structured session you will have the opportunity

to meet a number of people you haven’t met before. You will be able to exchange basic information and your business cards, making it easier for you to start a conversation with these people during other networking opportunities provided by the conference. Remember to bring plenty of business cards!


Tackling Risk Through The Internal Audit Department

13.30 Panel Session: What Are Organisations’ Expectations Of Enterprise Risk Management And Are They Appropriate?

•Senior management perspectives on ERM in internal audit in the Gulf

•Challenging the traditional lines of reporting for internal audit

•How have expectations changed over the past year and are these new expectations reasonable?

Osama H. Al Rahma, Board Director Al Fardan Group, UAE

Hamdy El Sayed, Head of Internal Audit Gulf Investment Corp., Kuwait

Abdulrahman Al Hareb, Chief Group Internal Auditor, Dubai Holding, UAE

Ahmed Ebeid, Vice President, Group Internal Audit Al Ghurair Investments Group, UAE

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8.30 Morning Coffee

9.00 Opening Remarks From The Chairman John Barrett, Senior Associate John Barrett Consulting, UK

Building Bridges With Integrated Transparency And Communication

9.15 Creating A Blueprint For The Future Of Internal Audit •Overcoming the strategic challenges of auditing

in the new economy •Developing a culture of openness in internal audit •Plotting the way forward for progressive audit

departments in the GCC

10.00 Utilising Corporate Governance Tools To Stabilise Your Environment

•Managing Sarbanes-Oxley compliance in a financial organisation

•Identifying the most effective governance options in the Middle East

•Designing corporate governance tools and paradigms to address your specific organisational challenges

Shagufta Farid Khan, Head of Internal Audit Finance House PJSC., UAE


11.00 New Tools And Techniques To Strengthen The Internal Audit Department’s Added Value

•Delegating tasks effectively, even as your ad-hoc workload increases due to systemic corporate change

•Exploring new technology and strategy in IA efficiency

•Integrating new IA tasks into your existing workload

Khaled Gamal Eldin, GM – Chief Internal Auditor Al Rajhi Bank Group, KSA

11.45 Panel Session: Building Cooperative Ties Among Heads Of Audit, The Audit Committee, Senior Management And External Audit

•How can you manage a complex intertwining of relationships to ensure a unified IA approach?

•Can cooperation between these roles be reached? •How can you address conflicts of interest

between these roles? Ashwani Jhamb, General Manager, Audit & Assurance Port of Salalah, Oman

Peter J. Boland, Audit Consultant, UAE

Avinash Totade, Senior Manager Internal Audit Dubai Aluminium Company, UAE

John Garrett, Chief Audit Officer National Bank of Abu Dhabi, UAE


Creating New Standards Of Quality And Efficiency

13.30 Building A World-Class Internal Audit Department •Decreasing reticence in Middle East organisations

to ensure quality communication •Promoting transparency and information

exchange using practical dissemination tools •Positioning IA directives to ensure widespread

corporate embrace and implementation Avinash Totade, Senior Manager Internal Audit Dubai Aluminium Company, UAE

14.15 Executing Sound Stress Testing For Accurate Results •Weaknesses in stress testing exposed by the

financial crisis •Forward-looking assessment of risk •How to compile information from models and

historical data •Exploring relationships between stress testing and

capital and liquidity planning Hassan Nasser, Compliance and Inspection Director Dubai Multi Commodities Centre, UAE

Congress Day Two – Tuesday, 3 November 200915.00 Networking And Refreshments Break

15.15 Implementing And Examining Best Practice In Basel II In The Middle East

•Examining the diverse interpretations of Basel II through the Middle East

•Determining the effect of the current financial climate in the region on the implementation of Basel II

•Exploring regional Basel II case studies and new methodologies in the field

Anoop Sapra, Head of Internal Audit Division Arab National Bank, KSA

16.00 Exploring New Initiatives That Enhance The Value Added By The Audit Committee

•Identifying legal developments with regard to audit committee responsibilities

•Critical accounting judgments and estimates •Examining risk management and internal controls

from the audit committee perspective •Communications and relationships with

management, auditors, and others Abdul Hamid Seedat, Head of Internal Audit Qatar Financial Centre Authority, Qatar

16.45 Chairperson’s Closing Remarks And End Of Congress Day Two

“The health of a company’s internal audit is now

seen as an early warning indicator of the overall health of a company.”

Erik Mather, Managing DirectorRegnan, UAE

www.iacongress.com

OverviewRisk management has received significant coverage in the Gulf region in the last 12 months, mainly due to the unprecedented economic crisis that has affected most sectors. Many experts would argue that such a dire situation could have been avoided or at least more effectively managed if there had been a better understanding of the risks involved.

This workshop is intended to provide you with an opportunity to reassess the risk management process in your organisation (or indeed to develop one). Phil Griffiths will demonstrate how to:• Ensure the current strategies of the organisation provide

the most effective way of dealing with the key risks• Review the effectiveness of the current process for evaluating

risks (and to demonstrate why the approach adopted by many organisations may be fundamentally flawed)

• Benchmark your risk management process against industry and worldwide best practice

• Audit risk management activities effectively

OverviewWith the advent of information technology, banks, financial institutions and other organisations have become the target of a variety financial crimes and the incidence of fraud has increased substantially in recent years. Equipping the work-force with the latest techniques to effectively counter-act the fraud and forgery attempts has become the need of the hour. Acquisition of cutting-edge skills is highly necessary at the operational level to defeat fraud related schemes, contain operational losses and improve the reputation of the enterprise.

Key Benefits Of Attending• Learn about the most up to date techniques relating to

management of risks• Understand the key link between objectives and risk• Appreciate the need to evaluate and audit strategic risks

in a more effective way• Hear about the new ideas on risk measurement (and why

the approach adopted by your organisation may be giving a false picture)

• Learn about new methods to integrate risk management into the business

• Develop wider aspects of risk management (including reputational and stakeholder risks)

• Build an understanding of how to benchmark your risk process

Phil Griffiths, Managing DirectorBusiness Risk Management Ltd., UK

PhilGriffiths is founder and Managing Director of Business Risk Management Ltd. A Chartered Accountant, he has over 25 years’ experience in risk management,

internal audit and fraud prevention as a practitioner, professional adviser, facilitator and trainer. He has held top management positions with a number of international groups, in roles embracing finance, IT and general management.

Phil is recognised as an accomplished and charismatic facilitator, trainer and lecturer having advised many renowned organisations, coordinated top-level events and addressed national and international conferences on a wide range of critical business topics.

He has worked extensively with all sectors in the Gulf during the past ten years to enable such organisations to exploit their potential by managing their strategic risks and/or enhancing the effectiveness of their internal audit services.

He is a renowned author and writer – his most recent book, Risk Based Auditing, was published in 2006.

Key Areas Of Focus• Fraud and forgery - recent trends• New fraud-tackling schemes• Laws and the regulatory framework• Fraud investigations using the latest techniques• Analysing fraud prevention policy and programmes

Muhammad Zahid, VP Compliance GroupMCB Bank Ltd, Pakistan

Zahid has ten years of regulatory and commercial banking exposure. He is member of Association of Certified Fraud

Examiners (ACFE) and Association of Certified Anti-Money Laundering Specialists (ACAMS), USA. At the regulatory level, he has developed the expertise of conducting multiple investigations regarding money laundering and frauds through regulatory audits. His current assignments pertain to ensuring compliance management at the enterprise level through the adoption of process-oriented approach. He has trained around 1000 managers in conducting due diligence, anti-money laundering and fraud management.

Workshop A • Wednesday, 4 November 2009

Assessing Your Organisation’s Risk Management Process

Tackling Fraud Using The Latest, Most Effective TacticsWorkshop B • Wednesday, 4 November 2009

Workshop Timing: Registration will commence at 8:00. The workshop will begin at 8:30 with refreshments being served at appropriate intervals. The workshop will conclude at 14:30, after which lunch will be served.

www.iacongress.com

OverviewAlthough internal auditors tend to be inward-looking, serious-minded individuals (organised, systematic and with a passion for correctness), the task of undertaking an audit assignment demands a range of skills, imagination and creativity rarely demanded of other professions. The audit begins with a blank sheet of paper and takes the auditor through a journey of understanding business operations and their interfaces; the potential threats which could impact upon the achievement of objectives; the gathering of evidence to evaluate the adequacy, application and effectiveness of systems of management and control; and ultimately in providing an opinion on the strength of those controls, promoting improvements to existing arrangements and offering solutions to matters of concern. To wrap-up the process, the auditor has to publish a report of literary excellence and persuade an unreceptive manager of the need to take action and protect the interests of the many stakeholders in the business. There must be easier ways of making a living!

Workshop C • Thursday, 5 November 2009

The Realities Of Undertaking Audit Assignments And The Relationships Between Objectives, Risks And Controls

Workshop Timing: Registration will commence at 8:00. The workshop will begin at 8:30 with refreshments being served at appropriate intervals. The workshop will conclude at 14:30, after which lunch will be served.

This workshop intends to explore some of the more challenging aspects of an audit and will examine risk philosophy and the difficulty of assessing residual risk; gathering evidence and using a simple but structured process for sampling and testing transactions; and the benefits of negotiating outcomes and eliminating some of the past problems of agreeing the audit report.

Key Benefits Of Attending•Explore some of the more challenging aspects of an audit

assignment•Understand risk philosophy and risk appetite•Examine the purpose of control (in relation to risk) and why

residual risk may be much higher than the auditor expects•Investigate the importance of sampling and testing

in drawing conclusions about the application and effectiveness of control

•Why encouragement to negotiate outcomes requires careful application

John Barrett, Senior AssociateJohn Barrett Consulting, UK

John Barrett is a Chartered Public Finance Accountant and a former member of CIPFA’s Audit Panel and Chairman of its Audit Training & Development Committee. He is also a Member of the Institute of Internal Auditors UK & Ireland and a Technical Adviser to one of its Regional Societies. For more than 30 years he has been a member of the Chartered Management Institute in the UK.

For over 35 years, John worked in both the public and private sectors and has been Head of Internal Audit for 3 different organisations and enjoyed two spells as Financial Controller. He worked in local government in the early part of his career before moving into the power industry during the early 1980’s as Audit Manager for the State Electricity Generating Board. On privatisation of the industry in 1988, John was appointed Audit Controller of Npower and subsequently he became Financial Controller of its Technology Division until 1996 when he set up his own consultancy business.

Do you use your most powerful marketing weapon as much as you should?

Now in its 16th successful year, the Internal Audit Congress hosts many of the most respected leaders in the Middle East internal audit field, providing a platform for debate and discussion. Certainly, products and services will be discussed and recommended during the many networking breaks at the event. Will you be there to propose your offerings?

Let us know your objectives - we can create a package that will help you to achieve them. We can tailor sponsorship packages to suit your individual requirements. Tell us your budget and we will create a personalised showcase just for you. There are numerous sponsorship opportunities available at IIR’s 16th Annual Internal Audit Congress 2009.

By sponsoring or exhibiting, you will:•Position yourself as a defining player in the Internal Audit

market•Build rapport with the biggest players in the market•Showcase your newest initiatives•Benefit from direct contact with your target audience•And much more!

For details on tailor made packages to suit your budget contact Jolanda Pas at +971 4 407 2627 or email [email protected]

Sponsorhip And Exhibition Opportunities

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[email protected] IIR Holdings Ltd.PO Box 21743, Dubai, UAE

GCS/IIR Holdings Ltd.PO Box 13977, Muharraq, Kingdom of Bahrain

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Avoid Visa Delays - Book NowDelegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible. Visas for non-GCC nationals may take several weeks to process.Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

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Event Venue:Dusit Thani Hotel, Dubai, UAE Tel: +971-4-3433333Accommodation DetailsWe highly recommend you secure your room reservation at the earliest to avoid last min-ute inconvenience. You can contact the IIR Hospitality Desk for assistance on:Tel: 971-4-4072693 Fax: 971-4-4072517 Email: [email protected]

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IA Congress 1 - 5 November 2009 Price before 16 August 2009 Price between 16 August and 13 September 2009 Price after 13 September 2009

Entire Event US$ 4,195 US$ 4,445 US$ 4,695

Congress + 2 Workshops US$ 3,785 US$ 3,985 US$ 4,185

Congress + 1 Workshop US$ 3,145 US$ 3,295 US$ 3,445

Congress + Summit Day US$ 3,145 US$ 3,295 US$ 3,445

Summit Day + 2 Workshops US$ 3,265 US$ 3,415 US$ 3,565

Summit Day + 1 Workshop US$ 2,210 US$ 2,310 US$ 2,410

Summit Day US$ 1,155 US$ 1,205 US$ 1,255

Two-Day Congress US$ 2,420 US$ 2,520 US$ 2,620

Any One Workshop A or B C US$ 1,155 US$ 1,205 US$ 1,255

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16th annual internal audit congress

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