AUDIT AND RISK

COMMITTEE FORUM
S Y D N E Y / M O N D AY 2 4 J U LY 2 0 1 7

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 Forum Fees*
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International Conference are welcome to
attend the ARC Forum with their Committee
Member at no extra charge. CAEs who
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Conference will be charged applicable
registration fees. Please note that CAEs can
only attend the ARC Forum in conjunction
with their Committee Member.

2 https://ic.globaliia.org/arc-forum
2017 International
Conference ARC Forum
The Audit and Risk Committee (ARC) Forum is specially designed for ARC members to address
strategic issues that are shaping the operating environment of organisations today and to gain insights
to effectively manage the associated risks of business.

During The IIAs 2017 International Conference, we are conducting an Audit and Risk Committee
Forum designed to run alongside the International Conference program giving participants the
opportunity to attend keynote sessions delivered by internally renowned speakers and then move into
separate breakout rooms for private presentations and discussions.

The event gives Audit and Risk Committee members the opportunity to gain insights into emerging
risk and governance issues and to provide a facilitated forum to discuss key issues among peers.

Key Benefits of Attending

n Be part of a unique opportunity to gather and exchange knowledge with peers.

n Hear whats on the mind of leading company directors as organisations address risk in todays
business landscape.

n Gain an understanding of expectations from audit committees.

n Address, discuss, and discover solutions on the day-to-day challenges of the ARC and find out what
really makes a good committee.

n Hear from the front line about the current and future cyber threat that will face all organisations.

n Grow your professional networks and contacts to support your role as an ARC member.

n Eligible for 7.6 CPE hours.

Register Today!
Early Registration (by 2 June) Standard Registration (after 2 June)

AUD$800 includes GST AUD$900 includes GST

3
Program
ProgramOverview
Overview
7:007:00
8:00
8:00
a.m. a.m.
Registration
Registration
/ Networking
/ Networking
Breakfast
Breakfast

8:008:00
9:40
9:40
a.m. a.m.
Keynote
Keynote
Session
Session
(as part
(as of
part
International
of International
Conference
Conference
Program)
Program)

The Future
The Future
Is Already
Is Already
Here.Here.
So What
So What
AboutAbout
Tomorrow?
Tomorrow?
Every Every
business
business
is nowisinnow
thein
business
the business
of digital
of digital
and technology.
and technology.
The technology
The technology
revolution
revolution
has has
already
already
happened,
happened,
and theandgame
the game
has changed
has changed
forever.
forever.
Our ability
Our ability
to keepto up
keepwith
upthe
with
speed
the speed
of change
of change
is nowisthe
nowbiggest
the biggest
challenge
challenge
and poses
and poses
the biggest
the biggest
threatthreat
for anyforbusiness
any business
aroundaround
the world.
the world.
How will
Howyou
willkeep
you up
keep
with
upthis
withnew
thisera
newof era
volatility,
of volatility,
and ensure
and ensure
you areyou
maintaining
are maintaining
relevance
relevance
into the
into
future
the future
for your
forcustomers?
your customers?
Chris Chris
RiddellRiddell In thisInsession,
this session,
participants
participants
will: will:
GlobalGlobal
Futurist,
Futurist,
n Learn
n Learn
about about
new and
newassociated
and associated
risks from
risks changes
from changes
occurring
occurring
from the
from
speed
the speed
of change.
of change.
DigitalDigital
Evangelist,
Evangelist,
MediaMedia Commentator, n
Commentator, Identify
n Identify
emerging
emerging
trendstrends
in digital
in digital
and what
and the
what
future
the future
may hold.
may hold.
BoardBoard
Director
Director n Discuss
n Discuss
the impact
the impact
of disruptive
of disruptive
technology
technology
on human
on human
behaviour.
behaviour.
n Explore
n Explore
how individuals
how individuals
and organisations
and organisations
can prepare
can prepare
for, embrace,
for, embrace,
and manage
and manage
risk inrisk
thein the
futurefuture
business
business
environment.
environment.

9:409:40
10:20
10:20
a.m a.m
Morning
Morning
Tea Tea

10:20
10:20
11:15
11:15
a.m. a.m.
ARC ARC
1 1

Responding
Responding
to Innovation
to Innovation
and Disruption:
and Disruption:
Addressing
Addressing
Challenges
Challenges
and and
Opportunities
Opportunities
for Success
for Success
Disruption
Disruption
and innovation
and innovation
can becan
saidbetosaid
be atobusiness
be a business
norm in
normtodays
in todays
environment.
environment.
Even Even
thoughthough
most organisations
most organisations
have this
haveonthis
their
on radar,
their radar,
the underlying
the underlying
challenge
challenge
lies with
liesthe
with the
organisational
organisational
capability
capability
to effectively
to effectively
manage manage
the associated
the associated
risk and
riskmaking
and making
the mostthe of
most of
opportunities
opportunities
that arise
that from
arise disruption
from disruption
and innovation.
and innovation.
This session
This session
will provide
will provide
insights
insights
from from
AO TBA an organisation
Rod McGeochTBA an organisation
that has
thatembraced
has embraced
innovation
innovation
and disruption.
and disruption.
Key points
Key points
to be discussed
to be discussed
Company Director include:
include:
n Defi
nning
Defiinnovation
ning innovation
and disruption
and disruption
risk risk
Can itCan
be seen
it beand
seendoes
anditdoes
fit inityour
fit inrisk
yourframework?
risk framework?
n Is n
innovation
Is innovation
and disruption
and disruption
the new
theblack
new black
swan or
swan
theor
business
the business
norm?norm?
n Balancing
n Balancing
risk and
riskopportunity
and opportunity
in a disruptive
in a disruptive
environment.
environment.
n What
n do
Whatboards
do boards
and audit
and committees
audit committees
need toneed
be looking
to be looking
for when
for when
assessing
assessing
innovation
innovation
and disruption
and disruption
risk? risk?
n Expectations
n Expectations
of theof
risk
theand
riskaudit
and functions
audit functions
to identify,
to identify,
rate, measure,
rate, measure,
and react
and to
react to
potential
potential
disruptive
disruptive
forces.forces.
n Practical
n Practical
steps in
steps
addressing
in addressing
innovation
innovation
and disruption
and disruption
risk and
riskmaking
and making
the most
the of
most
change.
of change.

4 4https://ic.globaliia.org/arc-forum
https://ic.globaliia.org/arc-forum
11:25 a.m. 12:20 p.m. ARC 2

Cybersecurity: Why It Is Front of Mind for Boards and Audit Committees

Addressing cybersecurity risk is a key priority for boards and audit committees across the globe
due to the nature of the speed and impact of this risk when it strikes an organisation.
This session will provide insights from Australias Special Adviser to the Prime Minister on
Cyber Security on how an organisation (or nation) should be preparing and protecting itself
from cyber risk. Key points to be discussed include:
Alastair MacGibbon
n Understanding and defining the critical cybersecurity risks.
Special Adviser to the
Prime Minister on n Where organisations stand in relation to cyber risk readiness.
Cyber Security, n Formulating and defining appropriate responses to cyber risk.
Department of Prime n Gaining assurance from the audit, risk, and other assurance functions over cybersecurity.
Minister & Cabinet
n Critical areas of focus that should be on the agenda for all board and audit committees.

12:20 1:50 p.m. Lunch

5
 1:50 2:45 p.m. ARC 3

Assessing Organisational Culture: The Role of the Board, Audit and Risk
Committee, and Internal Audit
Culture ultimately drives all outcomes from an organisation but it continues to be one of the
most challenging things to define and measure. This panel discussion will provide food for
thought on this most interesting topic as it becomes a key area of focus for regulators (and
media) around the world. Critical questions to be addressed in the discussion include:
Who determines culture?
Who is responsible for culture?
What are the key elements of strong organisational culture?
What are the board and audit committee looking for in terms of indicators of culture?
How can internal audit assist in providing meaningful feedback on culture?
War stories Examples of good and bad culture at work and why these examples arose.

Panel Members: Facilitator:

Brian Long Naohiro Mouri Carol Holley Gary Anderson

Independent Executive Officer, Chair of Audit and Risk Management CIA, CRMA,
Non-executive Chief Auditor, AIG Committees in NSW Government, Managing Director,
Director, Department of Finance, Asia Pacific,
Brambles Limited, Services and Innovation, Protiviti
Cantarella Bros Property and Housing Group;
Pty Ltd and NSW Parliamentary Services;
Commonwealth Bank and Service NSW

2:45 p.m. 3:25 p.m Afternoon Tea

6 https://ic.globaliia.org/arc-forum
3:25 p.m. 4:20 p.m. ARC 4

Setting the Risk Appetite

To be and stay in business, all organisations must take risks to achieve their goals. Organisations
are faced with getting the balance right between taking too much risk or not enough risk, both of
which can have severe adverse effects. To get this balance right, organisations must have clear,
defined risk appetite statements to assist with clarity of decision making.
Setting and articulating the risk appetite can be challenging and even more so to implement
Saskia Goedhart across the organisation. This session will explore the process of setting the risk appetite,
Chief Risk Officer, focusing on:
AMP
n How to engage organisations about the importance of setting risk appetite.
n How risk appetite statements are formulated (what to do, what not to do).
n What needs to be quantitative and what is qualitative?
n How it fits into the organisational framework (e.g., strategy, risk management, delegations,
finance, HR, operations).
n The role of internal audit in monitoring whether the business is operating within the risk
appetite (and where the level of risk taken is too low).
n How to balance risk appetite with investment (i.e., is appetite backed up with
Mike Wilkins organisational training, policy, and processes that support people operating within the
Independent Director, risk appetite?).
AMP
n Setting plans and discussing scenarios to deal with the hopefully hypothetical breach of
risk appetite.

4:30 p.m. 5:30 p.m. Keynote Session (as part of International Conference Program)

Bend It Like FIFA!

In one of the greatest scandals in sporting history, FIFA were caught offside with a professional
foul that exposed corruption on a grand scale within this sporting bodys governing elite.
Jonathan Calvert from The Sunday Times (UK) burst the bubble on FIFA and in this session, he
will tell the story of how such grand corruption can escape the normal checks and balances we
rely on. Calvert will share his insights on these questions:
Jonathan Calvert n The FIFA governance structure Was it broken or part of the plan?
Editor, Insight Investigations n The corruption culture How was it allowed to occur?
Team, The Sunday Times
& Co-author of The Ugly n Calling it out How was the corruption uncovered?
Game,The Qatari Plot to n Investigating the scandal What did the investigations team see?
Buy the World Cup n Risks management and internal controls Why were they missed?
n Lessons for the future What can we learn from this?

7
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