Agenda: Energize Your Data*

Tuesday, April 2

8:30AM – 9:00AM

Doors Open

9:00AM – 9:45AM

DIGITAL AUTOMATION IN INTERNAL AUDIT

With the rapid advancements of technology, the internal audit function is tasked with more oversight than ever before. Understanding the risks which underlie new technologies and in turn understanding how to use these to maximize efficiencies will be crucial. This session will touch on expectations for the future state of internal audit and provide insights into success in the digital age.

9:45AM – 10:30AM

AUDITING A CORPORATE CULTURE

There’s no shortage of examples that demonstrate just how damaging a corporate culture can be to a company’s reputation and bottom line. Often the very elements of a culture can be the most challenging to measure. Data analytics can be a powerful tool to provide insights and identify trends that would allow an organization to highlight cultural red flags, resulting in improved functionality and reduction of risk.

10:30AM – 11:00AM

Networking Break

11:00AM – 11:45AM

CONTINUOUS MONITORING ANALYTICS FOR PROCURE-TO-PAY

  • Nilesh Acharya, Associate Director of Data Analytics, Internal Audit Services, Zimmer Biomet

The purchase to payment process (P2P) is considered one of the most complex audit process spanning multiple sub-systems and operations. The P2P process remains an area prone to fraud, money leakage and inefficiencies. Nilesh will discuss how Zimmer Biomet is implementing a Continuous Risk Monitoring Framework around this process that includes 40 plus Enterprise Resource Planning (ERP) Systems.

11:45AM – 12:30PM

IDENTIFYING THE RIGHT ANALYTICS TOOLS

“Which tools are right for us?” – this is the inevitable question that needs to be addressed as companies are developing a new data analytics program. In this session, Jessica will review some of the popular analytics tools used in audit departments today, including: Tableau, Power BI, Qlik, ACL, RPA, R, and Python.

12:30PM – 1:45PM

Lunch

1:45PM – 2:30PM

IGNITE SESSION

Join fellow manufacturing leaders in the internal audit space to discuss the issues important to you. Have candid conversations with peers to help you solve your most pressing challenges. Attendees will have the opportunity to provide suggestions for discussion topics.

2:30PM – 3:00PM

Networking Break

3:00PM – 3:45PM

BUILDING AN EFFECTIVE IA DATA ANALYTICS PROGRAM IN A HIGHLY DIVERSE AND DECENTRALIZED ENVIRONMENT

Three years ago, Crane Co. committed to building a formal Internal Audit Data Analytics program in order to achieve greater risk assurance and governance across the company. Hear from the Laura and Rodi about the phased road map they developed as they faced the challenge of navigating a very diverse and decentralized enterprise and the constraints of a well-established audit testing methodology at a public company. Over time, the data analytics program has continuously grown to be more repeatable while wider in scope with the goal to bring greater value to the audits and the overall company. Looking to 2019 and beyond, the journey to grow and integrate for optimal value continues. Learn how Crane Co.’s Internal Audit has progressed through its data analytics program implementation and get a glimpse of what lies ahead.

4:00PM – 6:00PM

Cocktail Reception

Wednesday, April 3rd

8:30AM – 9:00AM

Doors Open

9:00AM – 9:45AM

BIG DATA AND OTHER BUZZ WORDS: Cutting Through the Noise to Development a Strong Internal Audit Analytics Program

  • Andrew Clark, Data Economist, BlockScience

    With so much noise and buzzwords floating around regarding data analytics, it can be rather difficult to decipher between the signal (what is worthwhile) and what is only talk. Sometimes the rhetoric even starts within your organization, confounding the issue further. During Andrew’s session, he will provide attendees with the knowledge they need to tune out the bogus information while gleaning valuable insights for developing and deploying their audit analytics program. The presentation will conclude with tangible examples of a successful Manufacturing Audit Analytics program, and recommendations for how to get yours up and running. After attending, participants will be able to articulate how steps for setting up an analytics program within their departments, as well be armed with knowledge for educating senior leadership on the fundamental changes in technology that are occurring, and what is just marketing.

9:45AM – 10:30AM

FRAUD DETECTION USING DATA ANALYTICS

Internal audit is one of the key leaders in identifying potential weaknesses in its organization. Perhaps one of the most crucial elements, particularly in a manufacturing environment, is the ability to identify possible fraudulent activity. Hear how manufacturers are using data analytics to inform their leadership to identify, prevent and respond to fraud.

10:30AM – 11:00AM

Networking Break

11:00AM – 11:45AM

ANALYTICS CAPABILITIES USED TO AUDIT MERGERS AND ACQUISITIONS

The complexity of mergers and acquisitions can quickly become a major headache if the data is inaccurate or reflects a different story. Internal audit’s voice and presence throughout this process is imperative to provide valuable, data driven insights that could otherwise be overlooked.

11:45AM – 12:30PM

IGNITE SESSION

Join fellow manufacturing leaders in the internal audit space to discuss the issues important to you. Have candid conversations with peers to help you solve your most pressing challenges. Attendees will have the opportunity to provide suggestions for discussion topics.

12:30PM – 1:30PM

Lunch

1:30PM – 2:15PM

PRICING/MARGIN DISCOUNT ANALYTICS

The speed and agility needed to maintain competitiveness is ever constant. Internal audit has an integral role in monitoring pricing to ensure compliance and curb mishandling. Data analytics can identify the outliers to help inform and enlighten an organization.

2:15PM – 3:00PM

CLOSING KEYNOTE

*Subject to change.