Advertisement

Business

Updated on: Wednesday, May 29, 2019, 02:29 AM IST

Audit World Summit 2019

Advertisement

12th FEBRUARY 2019 – THE ST. REGIS, MUMBAI: The age of automation is here, and with it comes opportunities for integrating advanced technologies into Internal Audit (IA) functions. An auditor is always trying out new software, technology devices and analytical testing procedures. There are many ways in which AI can leverage automation capabilities throughout the audit life cycle, including risk assessments, audit planning, fieldwork, and reporting.

The internal audit departments have already begun to incorporate automation by expanding the use of traditional analytics to include predictive models  A lot is said about the advantages of including automation like Robotic process automation, Cognitive intelligence in the systems.

This summit focused on developing clear visions on the implementation of the automation process & understand what is the efficiency and efficacy in the automation process.

Advertisement

Audit World Summit 2019 was sought after for most challenging situations on automation solved. Along with roadmaps to implement automation and align the processes according to the changing landscapes.

Topics of Discussion were:

  • Key Note Address: Are we future ready?
  • Case Study: Conflict Management: Auditors Vs Stakeholders
  • Insights 2: Picking the Right Talent and Skill Set
  • Insights: Implementation of automation in audits
  • Roundtable: BFSI – The Future of Audit
  • Panel Discussion: Changing landscape of regulation for Auditors
Advertisement

Morning Presentations included discussions on:

  • Auditors in a world of analytics and emerging technologies
  • Do we have the teeth to be an Independent as auditors
  • Are we really capitalizing in Audit data analytics?
  • Scaling up to the best practices in the auditing business
  • Implementation of automation in audits

Post Lunch Round Table Sessions: This is where participants had (1) One to one conversation with their peers. (2) Discussed and found solutions to their current set of challenges (3) Gave the time they needed to refocus and re-energise yourself with a new set of ideas and plans.

Advertisement
  • Aligning risk management in the audit cycles
  • overcoming the people process challenge
  • managing the audit calendar
  • Implementing tools and techniques in data analytics
  • GDPR and audits
  • Build your audit team
  • How to Conduct priority audits
  • Best practices to audit in the Banking and Financial Services
  • Implementing a robust Audit systems

Our eminent speakers at the summit were: Mandeep Singh, Internal Audit Head, Marico Limited; Rajiv Gupta, Vice President & Chief Internal Auditor, Diageo India; Krishnan Venugopal, Head Internal Audit & SOX, Infosys Subsidiaries; Sameer Joshi, President – Country Head IS Audit, YES Bank Ltd.; Ashish Saraf, SVP Head Management Assurance and Audit, Dewan Housing Finance Corporation Limited; Ananda Bhattacharya, Vice President, Barclays; Manoj Agarwal, Chief Internal Auditor, Metro Shoes; Koel Bhattacharya, Program Manager, Capgemini; Hardik Sheth, Head Internal Audit & Risk Management, Tech Mahindra Business Services; Nikhil Raorane AVP-Group Audit, DBS Bank; Prasad Patkar Senior Manager Deloitte Touche Tohmatsu India LLP.; Praveen Aggarwal VP-Group Audit DBS Bank; Rekha Vishwanath Head – Audit and Assurance Reliance Capital Limited; Renu Jalan EVP- Risk Edelweiss Financial Services

Our media partners at the summit were: Free Press Journal & TradeBriefs

Access our post conference report on http://auditworld.co.in/

Source: Transformance Forums 

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Wednesday, February 13, 2019, 01:04 PM IST
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement