On Monday, April 27, Chris Stoneley, one of CA's principal consultants for GRC, will be presenting a half-day session from 12:30 "" 4:30 pm PT on control rationalization with Jonathan Ladniak, a senior consultant in Deloitte & Touche LLP's Enterprise Risk Management Practice. The session is part of the joint ISACA LA chapter and IIA San Fernando Valley chapter seminar on Audit Efficiency, which takes place in Monterey Park, CA, near Los Angeles, on Monday and Tuesday next week.
As described by ISACA-LA and IIA-SFV, the seminar is a collaborative effort to provide their member communities with insightful and meaningful audit techniques and approaches that will enhance the value contribution and creditability of the audit function. This is particularly important given the current environment - in this adverse economic climate, Internal Audit will not only be required to perform their fiduciary duties with fewer resources more efficiently, but also to identify and provide tangible process improvement opportunities.
Chris and Jonathan's session on "Gaining Efficiency and Effectiveness Through Control Rationalization" will cover the following:
- Designing controls to satisfy multiple compliance frameworks and "bundling" audits and compliance reviews to minimize operational impacts and reduce IA costs
- Resources to find best practice or "smart" controls
- Integration of IT and Business Compliance controls
- Value added to compliance monitoring
The overall goal is to offer strategy around the seminar theme which is "threading the needle" with cost reductions, efficiencies gained through intelligent audit execution and superior control design, as well as system and process optimization for the overall business strategy.
Chris and Jonathan plan to kick off with an overall briefing on "˜the state of play' before highlighting a case study to demonstrate real-world examples of some of the critical controls concepts noted above. They will also discuss the value of leveraging a control framework, such as the Unified Compliance Framework and the benefits of continuous controls monitoring, key performance indicators, and key risk indicators.
To learn more about the seminar, visit either the ISACA LA chapter site or the IIA San Fernando Valley chapter site.