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NEWSLETTER | LONG ISLAND IIA (CHAPTER #241) | VOLUME 29 | OCTOBER 2019 | 1 | P a g e

Contents in this issue:

President’s Message

October 2019 Conference Recap – Best Practices (Big, Small, Soft, & Motivational)

LONG ISLAND IIA CONFERENCE – November 8th 2019 Conference

o Details: Ethics & Risk Management

o Speaker Bios

Conference Registration & Pricing

Event Registration System: Aventri

Employment Opportunities

2019 Chapter Officers & Board of Governors

NEW JERSEY IIA CONFERENCE – November 1st 2019

UPCOMING CONFERENCES ‐ 2019 Location: Long Island Melville Marriott (631) 423‐1600 Time: 8:30am start! (Breakfast at 8am, Lunch 12:15pm)

November 8th

Ethics & Risk 2 hrs NYS CPA CPE Ethics Credits * Newly Added GARTNER 2020 Hot Spots * Student to CEO view on Ethics * Revenue Recognition & Lease Accounting

Lessons Learned & Risks * Anti‐Money Laundering * 3rd Party Risk Management Register here: https://www.eiseverywhere.com/ehome/index.php?eventid=494640&eb=715857

UPCOMING CONFERENCES ‐ 2020 Location: Long Island Melville Marriott (631) 423‐1600 Time: 8:30am start! (Breakfast at 8am, Lunch 12:15pm)

February 7th

Fraud Conference

More details & speakers to follow!

March 13th

IT Conference

More details & speakers to follow!

April 17th

Annual Conference (Leadership & Negotiation)

(without Authority) Be a Connector for Success

Keynote: Jay Gubrud (car enthusiast)

More Details to follow!

The Institute of Internal Auditors

Long Island Chapter October 2019 Newsletter General e‐mail: [email protected]

Treasury/Discount/Pricing e‐mail: [email protected]

Website: https://chapters.theiia.org/long‐island


To kick off the fourth quarter, we held our “Next Wave Technology” conference in early October. I must say, the speakers and topics were truly inspiring. On what seems like a daily basis, we are hearing buzzwords like blockchain, robotic process automation, machine learning, and cryptocurrency to just name a few. The speakers were able to break these complex topics down into digestible bits of information and demonstrate real life use cases. A big thank you to all our speakers for sharing your insights and to our attendees for their active participation. Up next is our November Conference which will focus on Ethics and Risk Management. Ethics are at the very core of our profession and should be embodied in everything that we do. We all know that setting a strong ethical tone is important for our organizations, but equally as important is thinking about how we apply these concepts in our audit departments. I believe that the lineup of speakers and topics we have should be a great reminder to always keep ethics top of mind. Additionally, we will be awarding 2 hours of NYS CPA CPE credit in the area of professional ethics to our attendees. We will then shift gears and focus on some key hot topics that are affecting our organizations. We will hear about the new addition to the original agenda, Gartner 2020 Audit Plan Hot Spots which span across on areas impacted by increased organizational complexity, heightened stakes for managing and protecting data, digital business transformation, the heightened geopolitical and regulatory volatility. including areas about privacy, organizational resilience, resource planning, data governance, new and significant accounting pronouncements in the areas of revenue recognition and lease accounting as well as vendor risk management. We will also have targeted industry specific training affecting the banking sector. I hope you will join us for our final conference of the 2019 calendar year, topped off with an after‐conference‐social!! That being said, we will not be having any conferences during the months of December and January. Following the holidays, we will resume our conferences in February with our annual Fraud Conference and in March with our annual IT Conference. Both of these conferences are always filled with great speakers and relevant topics which have always been well attended. More information will come in our upcoming newsletters about these programs. All of our programs are held on Fridays at the Marriott located in Melville, New York. We look forward to seeing you all at these upcoming conferences. Should you have any questions, please do not hesitate to reach me at our Chapter email address; [email protected]. Kind regards,

J. Speed Jeffrey A. Speed, CPA, CISA

IIA President, Long Island Chapter 2019/2020

President’s Message

October 2019


.

October 2019 Conference Recap

Next Wave Technology


Ethics & Risk Management

Don’t miss this conference!

Get your CPE’s before year‐end!

Get some NYS CPA CPE Certified Ethics Credits! CRMA Risk Credits too!

Let’s talk about ethical lapses, dilemmas, and different viewpoints!

Let’s talk about Audit Plan Hot Spots! and Risks! Regulatory, Financial, Operational!

Agenda: (subject to change)

8:00am – light breakfast served

8:30am – Opening Remarks (Jeff Speed – Chapter President)

8:30am – Where is the Risk in Faulty Ethics – (Ernie Smith – Nawrocki Smith, LLP) (2 NYS CPA CPE Credits!!)

10:10am (10 min) – Break

10:20am – Student to CEO ‐ Perceptions of Ethics in Business (Margot Palermo – Stony Brook University)

11:00am – NEWLY ADDED to the line‐up!! Gartner 2020 Audit Plan Risks & Hot Spots (Jim Fitzmaurice – Gartner, Inc.)

12:30 (60min) – Lunch

1:30pm –ASC 606 & ASC 842 Lessons Learned & Risks (Chris Wright, Rob Gould – Protiviti)

2:30pm – Where is the Audit in Vendor and Supplier Risk Management? (Jilane Khakhar ‐ KPMG)

3:30pm (15 min) – Break

3:45pm – Bank Secrecy Act (BSA) & Anti‐Money Laundering (AML) Law & other Bank Regulatory Risks (Laura Jackson, SVP and

Chief Compliance Officer, Maspeth Federal Savings Bank)

5:00 – End

AFTER CONFERENCE SOCIAL! – Enjoy some refreshments – presented to you by AUDITBOARD!

*times subject to change


Long Island Chapter Conference Preview

November 8th 2019

Conference Line‐up Register here: https://www.eiseverywhere.com/ehome/index.php?eventid=494640&eb=715857


Speaker BIOS:

Where is the Risk in Faulty Ethics? Earn 2 NYS CPA qualifying Ethics Credits!! Come on down and get a wonderful dose of training and discussion from one of Long Island’s most notable and involved Partners in the audit profession on the subject of Ethics.

Ernest Patrick Smith, CPA/ABV/CFF, CVA,CFE – Senior Partner Nawrocki Smith, LLP – Ernie Smith has more than 25 years of experience in providing small to mid‐size business accounting, tax and consulting services and specializes in business valuation, forensic accounting and dispute resolution services.

Mr. Smith specializes in investigative and forensic accounting services for the public and private sector in the litigation area with over 20 years of experience. He also provides business valuation and damage estimation services relative to litigated matters. On numerous occasions he has been qualified as an expert witness in New York State Supreme and Federal District Courts.

Mr. Smith is a veteran dispute resolution expert who has worked on engagements ranging from valuations of small local proprietorships to large national entities. Working with attorneys, business owners, and insurance professionals on matters of varying scope and geography has enabled Mr. Smith to craft a specialized strategy tailored to the unique aspects of every litigation and valuation project. He is Accredited in Business Valuation (ABV), Certified in Financial Forensics (CFF), a Certified Valuation Analyst (CVA), and a Certified Fraud Examiner (CFE).

Mr. Smith teaches and lectures on a wide range of forensic, valuation and accounting issues. He is an Adjunct Professor of Accounting at Hofstra University teaching the first ever offered course in Fraud Examination and Forensic Accounting. Mr. Smith is a member of the New York State Board of Certified Public Accountancy. Mr. Smith earned a BBA in Accounting from Hofstra University.

Student to CEO – Perceptions of Ethics in Business! Ethics plays a key role in Audit and perception can be different from all angles. This presentation will give you insight on ethics from the

view of a student, view of a CEO and the office politics that can sometimes give ethics a different angle.

Margot Whittemore‐Palermo is Director of the Business Honors Program, Faculty Athletic Representative, and lecturer

at Stony Brook University ‐ and has won many instructor awards, most notably the 2016‐2017 SUNY Chancellor’s Award

for Excellence in Adjunct Teaching. Her expertise is in experiential teaching and her courses of instruction include

business ethics, operations, information systems, international financial management, strategic management,

investment analysis, human resource management, business communications and various other business courses.

She has also participated in Stony Brook University’s Study Abroad Program in Rome, Italy, for two summers.

Margot Whittemore‐Palermo’s management experience is from over 25 years at Merrill Lynch. She was the Manager

of the International Equity Sales/Trading Desk for the Private Client Trading/Marketing Group and was responsible for pioneering and

developing the International Private Client Sales and Trading Unit at Merrill Lynch with offices in New York, Hong Kong, and London.

Before creating the international retail unit, Margot was a Sales Manager in the Merrill Lynch Fort Worth, Texas office and was trained

to become a Resident Vice President. Prior to that, she was a Senior Financial Consultant for six years, operating in New York City, and

a member of the Merrill Lynch President and Executive Clubs.

Margot holds a M.B.A. in Finance and International Business from New York University and a B.S. in Marketing from Boston University.

She has done philanthropic work throughout her career and is currently acting as treasurer for the United States Coast Guard Academy

Parents Association.


GARTNER 2020 Audit Plan Hot Spots! As you wrap up your 2019 year and plan for your 2020 year, come hear from Jim Fitzmaurice to discuss the Gartner 2020 Audit Plan Hot

Spots which identifies the key risk areas that audit departments anticipate on focusing on during the next year. Their Hot Spots research

enable audit departments to benchmark audit plan coverage, educate the audit committee on risk trends, drive audit team discussions

prior to engagement planning and scoping, and assess key risks, in order to determine which questions to ask management during risk

assessment and audit scoping.

Jim Fitzmaurice ‐ Vice President of Advisory for the Audit & Risk Management Practice at Gartner – As Vice President of

Advisory for the Audit & Risk Management Practice at Gartner, Jim advises Heads of Internal Audit and Enterprise Risk

Management (ERM) for large enterprises worldwide. No one on the planet speaks with more heads of these functions

than Jim does every year. As a result, Mr. Fitzmaurice provides a global perspective on the most difficult challenges

faced by risk and audit executives, as well as the solutions that will help them overcome those challenges.

Some recent examples of conference presentations made by Mr. Fitzmaurice:

Getting to data‐driven insights Scaling ERM's impact

Enabling big growth bets Strengthening assurance over information security

Improving audit's use of data analytics Using ERM to improve strategic decisions

Closing the risk response gap Achieving real‐time assurance

Increasing audit's business impact Risk reporting that drives action

Aligning decisions with risk appetite Auditing through organizational change Mr. Fitzmaurice also steers the audit and risk research teams toward solving the most relevant challenges and documenting the most

valuable and replicable practitioner insights.

Jim holds an M.B.A. in Financial Engineering from the Robert H. Smith School of Business and a B.S. in Zoology from the University of

Maryland. In roles at previous companies, Mr. Fitzmaurice has solicited subprime mortgages from originators, managed a branch of

sales and service associates, and participated in a leadership development program. Based in the Arlington, VA, offices of Gartner, Jim

resides in Great Falls with his wife and three children.

Revenue Recognition (ASC 606) & Lease Accounting (ASC 842) – Risks and Lessons Learned Wow – just like that – 2 big accounting pronouncements have been rolled out – Let’s explore the risks and lessons learned about how it went (or is still going on) – and what organizations should be thinking about to address the ongoing risks in adhering to these Standards.

Chris Wright – from Protiviti’s New York office, is the firm‐wide Managing Director of our Business Performance Improvement solution, which includes our Public Company Transformation and Financial Reporting Remediation and Compliance groups. He has over thirty years of experience serving clients as an external auditor, including 6 years as a partner at two global accounting firms (Arthur Andersen and KPMG), and as an internal auditor and financial reporting risk consultant.

At Protiviti, Chris has provided internal audit out‐sourcing and co‐sourcing, Sarbanes‐Oxley readiness and compliance services, and significant assistance to companies experiencing restatements, regulatory inquiries, stock compensation

and other financial investigations and difficulties in implementing new accounting pronouncements, including revenue recognition and lease accounting. Chris earned his Bachelor of Science degree with a major in Accounting from Franciscan University and a Master of Science degree in Organizational Leadership from Quinnipiac University.

Chris serves on the boards of several charitable, civic, educational and business organizations. His work in Financial Reporting Remediation and Compliance has also involved a significant commitment to public speaking and the development and delivery of internal and external training.


Rob Gould – is a Managing Director in the Business Performance Improvement Solution in Protiviti’s Metro New York Region. Rob has been providing professional consulting services to corporate clients and their owners for more than 20 years. Prior to joining Protiviti, Rob was in the audit and business advisory practice at Deloitte & Touche LLP. He worked in various engagement and project management positions, primarily leading external audit engagements as well as Sarbanes Oxley efforts. As a CPA, he has strong financial accounting skills as well as a solid understanding of business process controls.

At Protiviti, Rob has helped clients with a variety of technical matters as well as process improvement. Rob has been working with a variety of clients in transformation activities associated with new accounting developments or Public Company Readiness and Outsourcing Governance activities such as Internal Audit or SOX Compliance.

In addition to his professional work with Protiviti, Rob serves on the Suffolk County Chapter Board of Make‐A‐Wish® and an Advisory Board for a local University.

Where is the Audit in Third Party Risk Management? This presentation will provide us with techniques on what to look for in third party risk management and how to audit in this space. Come learn about common challenges in managing this type of risk in your organization and the framework that should be in place. Take the opportunity to exchange common good practices and gaps to look for.

Jilane Khakhar, KPMG – Jilane is a Director with KPMG’s Forensic practice, currently responsible for the U.S. Corporate Intelligence (CI) team. He assists clients with design, enhancement and implementation of their third party risk management (TPRM) programs. He oversees large investigative Integrity Due Diligence, assignments for numerous large corporations in various industries, in response to third party risk management (TPRM) challenges, business risk assessments, pre‐acquisition due diligence and bribery and corruption (e.g., FCPA) risks. Jilane also manages a KPMG proprietary integrity due diligence solution – Third Party Intelligence – Integrity Due Diligence f/k/a Astrus and advises

organizations with their TPRM programs. He also conducts investigations globally relating to allegations of fraud and misconduct, corruption and bribery, background reputation and asset tracing, money laundering, conflicts of interest and trade sanctions.

Bank Secrecy Act (BSA) & Anti‐Money Laundering (AML) Law & Other Bank Regulatory Risks

With so many requirements out there – you need to stay up to date and fresh – this presentation will provide us with overviews and updates on the long standing acts and requirements and other banking regulatory related risks you need to be aware of. Our speaker Laura will be speaking on the current Regulatory Compliance scenario pertaining to banks, regulatory risks and trends. She will also cover some of her experiences on how she manages her compliance shop and best practices she has adopted in her current role.”

Laura Jackson, CRCM, SVP and Chief Compliance Officer, Maspeth Federal Savings Bank – Laura is the Chief Compliance Officer for Maspeth Federal Savings and Loan Association, where she oversees the Regulatory Compliance, BSA/AML, OFAC Compliance and CRA initiatives for the Bank. Prior to her current role, she spent over 20 years in banking, working across areas of regulatory compliance, audit, and loan servicing. Laura is a graduate of the American Bankers Association’s (ABA) Graduate School of Risk Management and holds a bachelor’s degree in Accounting and Information

Systems from Queens College. She is certified by the American Bankers Association (ABA) as a Regulatory Compliance Manager (CRCM) and a member of the ABA Compliance Committee.

Laura extends her work into the community, where she is an active member of several organizations.

Currently, she is an active member of the Epsilon Pi Omega Chapter of the Alpha Kappa Alpha Sorority, Inc., where she has also served as the Treasurer and Second Vice President. From 2015‐2018, she served on the Board of the Pearls and Ivy Foundation of Queens, a public 501© (3) charity organization that was founded on the idea of helping those in need. For her dedication, leadership and commitment to empowering others, she was the 2019 recipient of the Maspeth Federal Mentorship Award.

Laura resides in Queens, NY and enjoys spending time with family and friends.


.

The Institute of Internal Auditors Long Island Chapter is pleased to continue its tradition of offering high‐quality,

low‐cost educational events to our members. These seminars provide relevant, current content and provide a

high degree of value to attendees. Our 2019‐2020 schedule includes coverage of key issues and relevant skills

presented by recognized experts and professional speakers in an informative and relaxed setting.

Full‐day seminars ‐ 8 CPE/CPD credits each

6 seminars available (48 credits total) 1. Friday, September 13th 2019 2. Friday, November 8th 2019 3. Friday March 13th 2020 4. Friday, October 11th 2019 5. Friday, February 7th 2020 6. Friday April 17th 2020

Location: Melville Marriott (Light breakfast & lunch served)

Rates per Program Session: Subscription: $163* (19%/35% discount compared to member/non‐member rates)

Member: $200

Non‐Member: $250

Pass the CIA Exam: Free Session – if passed between May 2019 ‐ April 2020, inquire within

Be a Presenter: Free Session – if you’d like to present a particular topic, project, or best practice at our conference, inquire within and earn a free session.

Displaced Members: Special rates apply, inquire within

Host your own event: Special rates if you’re hosting your own conference & would like to receive CPE Sponsorship from the LI IIA Chapter, inquire within

Program Sponsor: Become a Silver, Gold, or Diamond Sponsor of one of our events, inquire within

* Subscription must be purchased as a whole (includes all 6 sessions) and may be shared among employees from the same Company. Subscription credits can be used to fit your busy schedule so that if a session is missed, you can make up for it in future sessions within the program year. Sessions do not carry over year‐over‐year. Upon subscription payment, discount code will be e‐mailed to you.

Purchase Subscription Payment Options: Payment Questions E‐mail: [email protected]

Purchase Subscription online: https://www.eiseverywhere.com/474103 o Pay via Credit Card, Pay‐Pal – Preferred Method o Pay via check (see payment instructions below)

Purchase Subscription via Mail/Manual Check/Mail (if necessary): 1. Fill‐out ‘Manual Payment Subscription Form' section below & include Check & Subscription Form 2. Check payable to: IIA Long Island Chapter 3. Mail Check & Form: IIA ‐ Long Island Chapter c/o Lauren Agunzo,

P.O. Box 442, 25 Route 111, Smithtown, NY 11787

Manual Payment Subscription Form

Name: ___________________________________ E‐mail: ______________________________________

Organization:______________________________ Department:_________________________________

Number of Subscriptions: ______ @ $975 each (6 sessions*$163=$975)= Total Cost:_________________

LI IIA Chapter Pricing Flyer

2019/2020 Chapter Year Pricing & Discount Question Emails: [email protected]


To further align with the IIA Headquarters and leverage their low‐cost tools & technologies, the Long Island

Chapter is now utilizing ‘Aventri’ as our event management tool.

Event Management System “Aventri”

for your patience & support as we continue to transition to the new event management

system!

For any questions or issues regarding receiving communications from or using the system, please email the

Chapter at: [email protected]

Employment Opportunities: If you are interested in a job posting, or posting a job, please contact;

o Russ Safirstein at [email protected], or o Joe Horowitz, IIA Long Island Webmaster, at [email protected], or o Visit the ‘Careers’ Page: https://chapters.theiia.org/long‐island/Careers/Pages/default.aspx


Long Island Chapter


Executive Board Title Committee

1 Jeff Speed President

2 Lauren Agunzo EVP & Treasurer

3 Dawn Scala VP & Asst. Treasurer Historian / Records

4 Carolyn Leahy VP & Chief Information Officer

5 Joseph Horowitz (2021) VP & Asst. CIO & Web Administrator Website Administrator

6 Anthony Cervoni EVP & Operations Officer

7 Ellen Caravella EVP & Operations Officer & Programs Programs

8 Larry Karp VP & Membership Membership Development

9 Brian Austin VP & Membership 2nd Membership Development

10 Biju Beejum Certification Officer Certifications

11 Thomas Comiskey VP & Secretary

12 Rocky Shankar CAP Administrator

Board of Governors (term ending)

13 Vincent Colletti (2022) Governor

14 Michael Lanning (2022) Governor

15 Jessica Rodgers (2022) Governor

16 Christopher Wright (2022) Governor

17 Ernest Patrick Smith (2021) Governor

18 Brian Blisard (2021) Governor

19 Roy Garbarino (2021) Governor Academic Relations

20 Robert McNair (2021) Governor

21 Ron Goldman (2021) Governor

22 Prabhat Kumar (2020) Governor

23 Pinak Guha (2020) Governor Finance

24 Maria Michaelson (2020) Governor

25 Joel Lanz (2020) Governor

26 Russ Safirstein (2020) Governor Employment

27 Alice Seoylemezian (2020) Governor

28 Rita Thakhar (2020) Governor CAE Roundtable

District Representatives

Raquel Marin‐Oquendo District Representative

Mary Peck District Advisor

Heather Graham District IIA Staff


Long Island Chapter ‐ Board of Governors


The Long Island IIA Chapter is sharing the New Jersey IIA Chapter November Event to share more training opportunities

that may be of interest or convenient for our membership.

REGISTER HERE: https://www.eiseverywhere.com/ereg/index.php?eventid=483536&

NEW JERSEY IIA CHAPTER NOVEMBER 1st 2019 CONFERENCE


REGISTER HERE: https://www.eiseverywhere.com/ereg/index.php?eventid=483536&

NEW JERSEY IIA CHAPTER NOVEMBER 1st 2019 CONFERENCE

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