Annual Risk Assessment (ARA) - Keys to Maximize the value of an Internal Audit Department

This webinar will cover how to have an effective Annual Risk Assessment (ARA) and internal audit’s role in ARA. You will be able to identify the appropriate risk framework, their risk rankings, and balancing their available resources.

Why Should you Attend:

Risk assessments are a key activity for any internal audit department, and take many different forms such as Enterprise Risk Management (ERM), Annual Risk Assessment (ARA), individual audit engagement risk assessments, and fraud risk assessments. How these risk assessments work together and support a high performing internal audit department can be a challenge. Selecting the appropriate risk framework and practical risk rankings is critical to the success of your ARA.

This webinar explains how ARA is a key building block for an internal audit department in fulfilling their mission to the organization. This key activity can be a struggle for internal audit departments in identifying the appropriate risk framework, determining their risk rankings, and balancing their available resources.

Areas Covered in the Webinar:

• Key elements in an effective ARA
• How do ARA and Enterprise Risk Management (ERM) interrelate?
• How does fraud risk and ARA work together?
• What are the risk criteria to include in your ARA?
• How do one place weights on the risk criteria?
• Is Internal Audit deploying their assets effectively in the organization to fulfill their mission?

Who Will Benefit:

• Internal and External Auditors
• Regulatory & Compliance Personnel
• Fraud Managers
• Company Executives
• Finance and Accounting Management
• Risk Managers
• Internal Control Professionals

Instructor Profile:

Robert Brewer, is currently associated with JPA International. Mr. Brewer served as Senior Vice President and Chief Compliance Officer for Office Depot from 2005 until the end of 2013. In this role, he had overall responsibility for compliance activities on a global basis for a retailer who provided supplies and services to its customers through 2,200 worldwide retail stores, have annual sales reaching $17 billion, employing 66,000 associates around the world. Office Depot provides more office supplies and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 59 countries. Among other functions, global internal audit, loss prevention, risk management functions and social compliance reported to him. He had direct reporting relationship with the Audit Committee of the Board with respect to audit and risk assessment matters. He also served as the Chair of the Board of Directors for the Office Depot Foundation providing resources and product valued at over $12 million annually. He previously served as Vice President of Global Corporate Audit Services for six years.