Thursday October 9, 2014 8:00am - 10:30am, Gwynedd Mercy University
1325 Sumneytown Pike
Gwynedd Valley, PA 19437
Full Deluxe Buffet Breakfast
2 Hrs CPE - Ethics
John Mclaughlin, CPA, CRMA - Managing Director, Smart Devine
Michael Brozetti - President, Boundless LLC
Converging, Ethics, Governance and Culture
The core of every internal control system is the integrity of its people, processes, and technologies. In the wake of today’s corporate scandals, bankruptcies, media-frenzied bailouts, and the financial market meltdown, light is once again being shed on the criticality of system risk and control. However, more scrutiny is being placed on the people who are responsible for governing and managing these systems.
Because people are the most vital part of any system environment, it is imperative to have the right people, in the right place, performing the right activities - while doing the "right" thing. In this session you will learn how audit and accounting professionals can seize the opportunity and play a very key and vital role in the governance reform that lies on the horizon.
Program Learning Objectives, include:
Gain insight on the challenges and opportunities in the arena of ethics, governance, and culture.
Gain insight into how to provide ethics assurance and business conduct by developing an early warning system to detect and respond to "yellow flags."
Gain insight to learn methods to quickly identify sub-cultures that manifest the risks for non-compliance, internal control weaknesses, mismanagement, fraud, and corruption.
Mr. Brozzetti serves as an adjunct with Villanova University and Widener University where he develops curriculums and educates on the professional practice of internal auditing. He also serves as a director on two non-profit corporate boards, including the Institute of Internal Auditors (IIA) Philadelphia Chapter and the National Speakers Association Philadelphia Chapter. He volunteers his time as a member of the IIA’s Global Ethics Committee, which serves more than 180,000 members worldwide.
Mr. Brozzetti has authored articles for numerous industry journals, such as The CPA Journal and The Compliance and Ethics Professional, and has been interviewed and quoted with the Wall Street Journal, CFO.com, Comcast’s MoneyMattersTV, and the Internal Auditor magazine. He is accredited as a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), and is certified in the Governance of Enterprise IT (CGEIT). Michael holds a Bachelor Degree in Operations Management and Management Information Systems from the Alfred Lerner College of Business & Economics, University of Delaware.
A Convergence of Enterprise Risk Management and Ethics Monitoring Programs
Risk Oversight continues to develop at the board level where it is becoming deeper, yet broader in scope, and influenced by real life scenarios. Every year there seems to be a catastrophe, grabbed by the global headlines, that brings a large organization to its knees. Why do these events happen? What are the common factors that led to such mammoth errors? Are these situations rooted in ethical breakdowns?
This session will address factors that are common to many risk management and ethics lapses, current trends in ERM, several case studies of risk management failures, ERM program methodologies, and an ethics monitoring framework.
At the end of this program, attendees will:
· Understand common factors that contribute to risks that have significant consequences to organizations;
· Recognize how such factors are applied to an overall ERM program;
· Understand critical activities needed to initiate an effective ERM program; and
· Understand a methodology used to evaluate ethics programs.
John D. McLaughlin, CPA, CRMA
John McLaughlin is a Managing Director at Smart Devine. John has more than twenty-five years of public accounting and private industry experience. John has significant experience serving a broad range of clients primarily in the consumer products, financial services, distribution, life sciences, technology, retail, energy, and healthcare industries.
John joined the firm in 2014, having previously worked at BDO which provided assurance and business advisory & consulting services to a wide range of publicly traded and privately held companies. At BDO, John was responsible for risk, governance and control engagements assisting clients with their risk management, IT and financial auditing, enterprise risk management (ERM) program development, SOC 1 & SOC 2 examinations, internal audit strategy, developing and monitoring programs to measure compliance with laws and regulations, and evaluating and improving operational efficiency and effectiveness.
Preceding BDO, John worked as a Senior Managing Director at LECG/SMART where he led their Risk Services practice. Along with LECG/SMART, John previously worked at PricewaterhouseCoopers, LLP as an IT and Internal Audit Services Director, and ARAMARK Corporation as an Corporate Finance and Internal Audit Director. John held a variety of responsibilities at these organiztations included evaluating financial reporting compliance and compliance with laws and regulations, coordinating integrated business process reviews, and directing acquisition and divestiture due diligence activities. Earlier in his career, John was an assistant corporate controller for a national real estate developer and started his career with two “Big 8” accounting firms.
John is an active member of the American Institute of Certified Public Accountants and Mercy Health System Audit and Finance Committees. John also serves on the Institute of Internal Auditors International Committee of Research and Education Advisors. Along with participating in these organizations, John has also written several articles in an industry group newsletter and has been quoted in a number of national publications on the topics of enterprise risk, internal auditing and Sarbanes-Oxley.
EDUCATION AND AFFILIATIONS
· B.S., Accounting, Saint Joseph’s University
· Member, American Institute of Certified Public Accountants
· Past Board Member, Information Systems and Control Association
· Past President, Institute of Internal Auditors (“IIA”), Philadelphia Chapter
· IIA International Board of Research and Education Advisors
· Member, Mercy Health System, Audit and Finance Committees
· Board Member, Philadelphia Skating Club and Humane Society