Enterprise Risk Management &

Risk Based Internal Auditing [ERM & RBIA]

One day Seminar on

7th March 2014Hotel Savera, Chennai

Seminar scope

Many organizations have established a “three lines of defence” model for providing assurance on the effectiveness of risk management.viz responsibilities of management including control functions as the first line of defence, risk management functions as the second line of defence and internal auditing as the third line of defence.

This Seminar discusses various roles and responsibilities of internal auditors vis a vis the ERM functions in the organization. Both RBIA and ERM have matured since they came into existence years ago. Today, RBIA relies heavily on the ERM to provide the assurance to management including the audit committee and other stakeholders that all business risks including strategy and operational risk are mitigated thru an effective system of controls.

The Seminar speakers include leading audit professionals from India and abroad as could be seen from the detailed schedule given below.

About IIA

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs,Florida, USA. The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. IIA has more than 175,000 members in 165 countries and territories around the world, including India. Generally, members work in internal auditing, risk management, governance, internal control, information technology audit, education and security. IIA India has SIX Chapters as part of The Institute of Internal Auditors functioning at Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Kolkata, IIA Madras Chapter was inaugurated on February 22, 1977. During the last 35 years, the Chapter has made a significant contribution to the growth of the Internal Auditing profession in this part of the country. The Chapter organizes Conferences, Seminars and Workshops on contemporary topics connected with internal auditing. The Chapter organized a PG Diploma Course on Internal Auditing for the University of Madras. Currently the Chapter organizes a Certificate Course on RBIA "Risk Based Internal Auditing" jointly with the Madras Management Association a premier Management professional body which is part of the All India ManagementAssociation The Chapter conducts regularly monthly Professional Development Meetings [PDM] where invited speakers make presentations on technical topics relevant to the profession. The Chapter conducts joint Seminars and Workshops with other professional bodies like the Institute of Cost Accountants [ICMA] Information Systems Audit and Control Association [ISACA] and Madras ManagementAssociation [MMA].

09.00 AM Participant Registration

09.30 AM Welcome & InaugurationMr AR ParthasarathyChapter President, IIA India, Madras ChapterNational Council Member, IIA India, MumbaiPartner, M/s RGN Price & Co

09.45 AM Seminar OverviewMr K VidyadharanPrograms Committee Chairman & Governor, IIA India, Madras ChapterNational Council Joint Secretary, IIA India, MumbaiSenior Partner, M/s Mountbattan & Co

10.00 AM Technical Session 1Risk Based Approach for Selection of Audit AreasMr K VidyadharanSenior Partner, M/s Mountbattan & Co

11.15 AM Networking & Coffee Break

11.45 AM Technical Session 2Risk Identification & Classification, Risk Library, Risk Rating inManufacturing & Process IndustriesMr Ramachandran SureshCorporate Risk Manager NOMAC (ACWA Power International)Saudi Arabia

01.00 PM Lunch Break

02.00 PM Technical Session 3COSO ERM FrameworkMr PR LoganathanManaging Director, M/s CISMA Consultants Pvt LtdFormer Region of India Director, IIA Inc, Florida, USAAdvisor & Governor, IIA India, Madras Chapter

03.15 PM Networking & Tea Break

03.45 PM Technical Session 4Risk Treatment, Mitigation Plan, Residual Risk, Risk Appetite inManufacturing & Process IndustriesMr Ramachandran SureshCorporate Risk Manager NOMAC (ACWA Power International)Saudi Arabia

05.00 PM Concluding RemarksMr K VidyadharanPrograms Committee Chairman & Governor, IIA India, Madras Chapter

05.15 PM Vote of Thanks

Ms Uma PrakashChapter Vice President, IIA India, Madras ChapterNational Council Member, IIA India, MumbaiDirector, M/s Capri Accounting & Professional Service Pvt Ltd

Seminar Schedule

Who should attend?

This Seminar is addressed to Chief Audit Executives, Internal Audit Team members, functional managers, practising internal auditors, finance professionals, cost accountants and chartered accountants. This Seminar would also be useful to senior managers and functional managers who wish to introduce ERM and RBIA in their organizations.

How to register?

Kindly send your letter of registration to the following address by

Email/Post/Courier giving details ofparticipant name, designation,

organization, mailing address, phone numbers and Email address.

Mr K Vidyadharan

Chairman, Programs Committee

Institute of Internal Auditors India, Madras Chapter

c/o Mountbattan & Co. Flat No. 7, Kailash Apartments, 3rd floor

New No.9, Thiruvengadam Street,West Mambalam, Chennai 600033

Phone : +91 9884716160, 9840449840

Email: programs@iiamadras.org

Payment may be made by cheques/DDs drawn in favour of ‘The Institute of

Internal Auditors Madras Chapter’.

Participation FeeRs. 1,500 per participant

Rs. 1,300 for members of IIA

Seminar Venue: Hotel Savera, Radhakrishnan Salai, Chennai 600004

Seminar timings: 9.30 AM to 5.30 PM

[with breaks for lunch and refreshments]