Risk and Internal Audit Synergies

Date: Wednesday, 13 July 2016Time: Registration 13:45Venue: Corinthia Palace, AttardPrice: EUR40; EUR20 (students)CPE: 2.5 hours CPE (Core Competency)

About MFIA

The Malta Forum for Internal Auditors (MFIA)is a not-for-profit organisation, set up by localprofessionals in the field to promoteawareness about the role of internal auditingin the local business and non-businesscommunity, to support education about theprofession and to provide appropriatenetworking opportunities for both peers andprofessionals in the field, students andexecutives.

For more information visit the MFIA website:http://www.fiamalta.org

The Malta Association of Risk Management (MARM)promotes, advances and encourages the knowledgeand use of risk management within the private andpublic sectors in the Maltese Islands. It represents therisk management profession in Malta providing itsmembers with a forum for networking andexchanging of ideas and experience though variousevents and activities. MARM is a member associationof FERMA, the Federation of European RiskManagement Associations.

For more information visit the MARM website:www.marm.org.mt

About MARM

Risk and Internal Audit SynergiesThe Subject. Stakeholders of Maltese organisations are increasingly demanding the application of a 'three linesof defence model' supported by fully fledged Risk Management & Internal Audit Functions. However, even atinstitutions where this model is well established, identifying suitable arrangements for Risk Management andInternal Audit to work together synergistically remains a challenge. In this event - which is jointly hosted by theMalta Forum of Internal Auditors (MFIA) and Malta Association of Risk Management (MARM) - this challengewill be tackled from a number of perspectives, which we hope to be of benefit to risk managers, internalauditors and all those charged with corporate governance and internal control responsibilities.

The speakers will delve into three important aspects:

1. How can Risk Managers Effectively Interact With Internal Audit? This session, presented by Dominic Fisher, will be focusing on how the work that risk managers do can help support the effectiveness of internal audit.

2. Risk-based Internal Auditing. Alex Azzopardi will provide an overview of the relevance of theorganisation’s risks to the IA process in its quest to provide a relevant service to the enterprise and addvalue. The session will delve into a number of areas within the IA process and discuss the enhancement ofsuch areas that will arise out of taking a risk-based approach. This part of the seminar will highlight thebenefits of communication between the two functions whilst still maintaining the level of independencethat is required from the IA function.

3. Practical Example Of Risk Management & Internal Audit. The seminar will close through the presentationof a practical example of implementing Enterprise Risk Management and a 3 lines of defence model. IanStafrace will also show how the risk register can be built with the involvement of all staff and how internalaudit can make use of this in its planning and audits.

Dominic Fisher Dominic Fisher trained as a chartered accountant with Deloitte in the UK, but over the last decade has been specialised in internal audit and risk. Previous experience includes setting up an heading up an internal audit function at a listed UK business operating in the insurance sector. At Deloitte Malta, where he has worked since 2012, he is a senior manager in the Enterprise Risk Services team supervising and delivering assignments related to internal audit, internal control, risk management and regulatory compliance. During his time in Malta he has achieved certified and chartered internal audit qualifications and has been highly involved with Malta Association of Risk Management, where he currently serves as Vice-President.

A biographical note on the speakers

Ian Edward Stafrace As Chief Risk Officer and Executive Committee member of Atlas Insurance PCCLtd, he is the executive head of its risk, legal and compliance functions. He is also the Risk Managerand Chair of the Risk & Regulatory Committee of Merill SICAV plc. With his passion in risk leadership,he helped co-found and is currently President of the Malta Association of Risk Management(MARM), a member association of the Federation of European Risk Management Associations(FERMA). He read for his master’s degree in risk management at Birmingham City University. He is aChartered Insurance Risk Manager and Fellow of the Chartered Insurance Institute and Fellow of TheInstitute of Risk Management.

Alex Azzopardi Alex joined KPMG Malta in 2005 after successfully completing his Bachelor of Accountancy (Hons) Degree at the University of Malta. Following a number of years working within the Audit function, he joined the Risk Consulting Advisory team in 2013. He is an accountant by profession, holds the Practising Certificate in Auditing and is also a Certified Information Systems Auditor. Alex is a Fellow of the Malta Institute of Accountants (MIA) and a member of the Information Systems Audit and Control Association (ISACA). Through his career at KPMG Malta, Alex obtained extensive experience in auditing, risk consulting advisory and internal audit. He currently leads the firm’s provision of Internal Audit Services to a diversified portfolio of local and international clients. He is also involved in the provision of regulatory advisory services to a number of banking and insurance clients. He currently serves as Secretary to the Committee of the Malta Forum for Internal Auditors.

Registration Form

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MARM Membership (tick if applicable)

I am enclosing a payment of EUR40 (EUR20 for students) to attend the Malta Forum for Internal Auditors training session ‘Risk and Internal Audit Synergies’ of 13 July 2016.

_________________________________ _____________________________Signature Date

Cheque payments are to be addressed to MFIA or Malta Forum for Internal Auditors and sent to C/o MITC, TG Complex, Level 1, Suite 3, Brewery Street, Mriehel. Payment is to reach MFIA by 8 July 2016. Email: info@fiamalta.org

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