We will also explore how fraudsters can leverage this data to create synthetics identities and entities, enabling them to commit numerous frauds including, immigration, medical, financial and political. As with many aspects of our lives, the COVID-19 pandemic changed the way investigative interviews were conducted. Michael J. Fucilli (CIA, QIAL, CRMA, CGAP, CFE), is the CAE for a large Public Sector company with Revenues in excess of $15 billion. Curiosity will be explored using the question Why?. Governance and Culture establishes organizational processes and defines desired cultures to measure and WebIn the past years the complexity of risk has changed, and new risks have emerged why COSO published in 2017 the updated framework of ERM. Abir has previously delivered a workshop session on next Generation audit during the 8th CAE-UAE conference, 2019. John Blaho Sophia interacts with humans in a profoundly personal way, previewing a fast-approaching future where friendly, caring humanoids help us solve our most challenging problems to create a better world, The Real Wolf of Wall Street, American author, motivational speaker, and former stockbroker. Find and reach out to other members of the ACFE. A platform where you can build your network, expand your brand and expose yourself to a comprehensive program Agility, the New Norm focused on CAEs global issues impacting the profession. Additionally, this session will provide an overview of the common types of bias and how those may appear to a supervisor or coworker. According to the Enterprise Risk Management Initiative, CROs need to find a way to balance risks and inventory decisions to obtain an optimum level for stakeholders and maintain a positive reputation regarding the firm. Although the CRO's job is to minimize the potential risk in the company, risk as a factor cannot not be eliminated fully from a company. As the need for information grows in importance, management must respond to better risk visibility for the stakeholder groups. Bruce Pitt-Payne Since criminals follow the money, alternative assets are now quickly becoming an easy way to take advantage of collectors and speculators fueling astronomical sales prices via fraud schemes or as vehicles to launder money from other criminal enterprises. The chief risk officer (CRO) or chief risk management officer (CRMO) or chief risk and compliance officer[1] (CRCO) of a firm or corporation is the executive accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to a business and its various segments. Siddharth is a Partner in the Advisory practice of KPMG Lower Gulf with a particular focus on the consumer markets, retail, ecommerce, hospitality, logistics, media and IT/ITS sectors. CPE: 1.0 | Ethics CPE: No He has over 13 years of International experience in Technology and Cyber risk, IT advisory, IT Audit, Attestation services, ERP controls reviews, GRC Implementations and IT Risk Assurance. Establish a risk-aware culture among all employees at all levels. Assisted with the investigation of one of the largest alleged fraud cases in the Middle East. The CRO communicateS the firm's risk profile to the key stakeholders such as the CEO, the board of directors and business partners. Neda managed a high volume litigation practice. TCG Cape, Head of Digital Forensics. outputs such as a risk management strategy, a risk management communication plan, and financial and budgetary requirements He has delivered many trainings on Artificial Intelligence, Data Analytics, Design Thinking, Branding, Project Management and other subjects in his areas of expertise as a trainer and won the Instructor of The Year award by CertNexus in 2021. When you fight fraud for long enough, you will become familiar with all three. He has the unique combination of business and data analytics skills; with his experience in different parts of the business he is able to analyze and interpret all kinds of business data effectively. He has spoken at TEDx on exponential technologies, Fourth Industrial Revolution & success. The helix is based on five components, each supported by multiple principles. The presentation will also cover real-life examples where poorly designed resulted in aberrant outcomes. We will discuss research on bias and whether curiosity serves to confirm existing biases or whether it can be used to overcome bias. The agenda on Innovation and Best Practices was innovative on its own. Powerful Tool for Risk Management In 2020, more than 19,000 businesses were targets of BEC attacks, with losses exceeding $1.8 billion. (n.d.). Suleiman is a member of the Advisory practice. Audit, Consulting, Education. Field of Study: Specialized Knowledge Corner State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. It is with what is now over 20 years experience in the field of Audit Management Software that Paul spends time around the world speaking on the role of technology in this arena, as well as leading his latest venture K10 Vision which has been formed to bring the very latest technologies to the desktops and tablets of auditors worldwide. Field of Study: Specialized Knowledge SILO: Under a Silo approach, risk transfer strategies are executed under a transactional or individual risk level. FAIR can get complicated with its definitions; it requires a cost for everything, from productivity, to telecommunications, staff salaries, and more. [30] Accordingly, each financial report required an internal control report to prevent fraud. Three particular maladies, referred to as illusory superiority, bounded ethicality and confirmation bias, can indirectly lead fraud examiners to flawed conclusions and examinations which can directly affect their credibility. Typically, the CRO is responsible for the firm's risk management operations, including managing, identifying, evaluating, reporting and overseeing the firm's risks externally and internally to the organization and works diligently with senior management such as chief executive officer and chief financial officer. Recommended Prerequisite: None Assisted clients in developing the fraud response protocols, including developing their investigations manuals, ToR for their Investigations Committees. These companies were almost in a difficult environment and that's why they began to recognize the importance of a CRO. This is in addition to support the third sector and mega events. COSO ERM framework CROs typically have post graduate education with over 20 years of experience in accounting, economics, legal or actuarial backgrounds. Rather than assuming that risk mitigation occurs separately from other Best-Selling Author, Moneyball, The Blind Side and The Big Short. Recommended Prerequisite: None When risk taking is authorized, risk limits are bounds placed on that risk-taking decision. COSO ERM Framework Background & Overview CPE: 1.0 | Ethics CPE: No Director, Internal Audit, Risk and Compliance, KPMG. 1 Field of Study: Information Technology In this session, you will learn how to spot cannabis-specific red flags, including typical cash flow issues and concerns, and apply industry-specific knowledge to identify potential discrepancies that might indicate fraud. Attendees will receive the benefit of 50 years of experience, which they can apply right away to current cases, reducing the learning curve and increasing the skills and strategies they can deploy for successful investigations. Black Bear Security Consultants, LLC, Owner and Chief Executive Officer. WebSenior Internal Audit Advisor AuditBoard. Using an actual case, this session will demonstrate the steps that taken to recover the proceeds of fraud. Field of Study: Specialized Knowledge CPE: 1.5 | Ethics CPE: No Bethmara Kessler, CFE Powerful Tool for Risk Management Field of Study: Behavioral Ethics There will also be suggestions on how to better develop and monitor benchmarks. Fadi has been working in Kuwait to support clients in their ESG journeys like KPC, KFH, KIPIC, PIC, Zain Telecom and others. Exhibitors were perfectly placed for networking opportunities. During these engagements he has conducted gap assessment based on global best practices and local federal minimum requirements, developed the necessary policies and procedures, and conducted anti-fraud training and awareness sessions to their internal audit teams and employees of the entities. ISO 31000 family. Prior to joining RSM, Rami led the Risk Advisory services with Deloitte in Kuwait and Qatar, and was the Governance, Risk and Compliance regional leader, providing a wide range of risk advisory services including the design of enterprise-wide risk management frameworks, ethics programs, regulatory compliance frameworks, Internal Audit, governance frameworks development and assessments, and sustainability projects. He has delivered training programmes to over 25,000 students and delegates from over 3,500 organisations around the world during his twenty five years as an upskilling specialist. This includes finding data related to transactional information, cryptocurrency markets, and any opportunity to track down fraudulent operations through the surface to dark web. With their quantitative background in math, finance, and accounting - making the change to risk management would be a familiar experience. He worked closely in various sectors such as; Public Sector, Financial Institutions, Oil and Gas, Healthcare, Real Estate Development in addition to the International Development Agencies including World Bank, IFC, UN, etc. Signaling theory is useful for describing behavior when two parties (individuals or organizations) have access to different information. COSO ERM Framework Background & Overview Can these digital wills affect our access to the data and who decides? Well planned & diligently executed it provided a unique forum for learning renewal and bringing one self to the state-of-art. As well as deliver training courses and sessions. Recommended Prerequisite: None SOX introduced new legal regulations that becomes legal and compliance risk(s) for companies. operations processes, but at the same time, it covers corporate governance and enterprise IT processes and activities As a senior leader at the Australian Securities and Investments Commission he led teams of lawyers, accountants and investigators examining civil and criminal breaches of the Corporations Act. CPE: 1.0 | Ethics CPE: No He led several projects for Corporate Governance Transformation including Board Composition, Capacity Building, Risk Management, Compliance and Internal Audit functions for multi sectoral companies including, banks, insurance, family businesses, etc. In response to various financial scandals, the U.S. Congress passed the SarbanesOxley Act. or because of the requirement of certain specific standards such as ISO 27001. He is a Fellow Member of Association of Chartered Certified Accountants, Certified Internal Auditor and Certified Information Systems Auditor. Along with the update, the graphic changed from a cube to a helix structure. Association of Certified Fraud Examiners Recommended Prerequisite: Knowledge and experience with auditing, fraud investigation, or forensic accounting engagements Neda conducted a control gap analysis of the compliance management, AML Controls and client onboarding/KYC of a financial institution in Abu Dhabi. Field of Study: Specialized Knowledge Session Level: Intermediate Phil is also a regular keynote speaker at a variety of technology conferences around the world. Abhisek has developed practices and service offerings, recruited and mentored large technology audit and assurance teams during his career of 20 years. Recommended Prerequisite: Basic knowledge/understanding of biometrics technology Gate City Bank, Assistant Vice President, Fraud Manager. 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