PS1: "Business as Usual" in the New Normal Rosemarie Edillon
After seven (7) months since the COVID-19 pandemic forced an ECQ to most areas in the Philippines and despite government efforts to contain and address its impact, the Philippines officially slipped into an economic recession. Several indicators e.g. GDP, unemployment, and volume production index, showed a 20-35-year low for the country. Based on a recent report, 7.3 million Filipinos became jobless and this number is expected to grow as companies continue struggling to operate sustainably. With these overwhelming challenges, how will the PH Government revive the economy? What are its immediate recovery plans? What economic and social infrastructures do our leaders in the government see as the "new norm" for businesses beyond 2020?
Rosemarie Edillon
Undersecretary for National Development Policy & Planning at National Economic and Development Authority
Transition & Ice-breaker
CS1: Break-out Sessions
Transition & Ice-breaker
PS2: This Thing Called "Digital Transformation" Donald Patrick Lim
The COVID-19 pandemic has dramatically changed the way we do things-- be it on personal or professional level. The impact it has caused to our businesses varies depending on how prepared and agile we were in responding to the signs of times.
It has been said that digital transformation is a cultural change that requires organizations to continually challenge the status quo, to experiment, and to get comfortable with failure.
With this session, you will be able to know and understand what digital transformation really is--is it a fad or a standard? And what are the practical guides to journeying digitally?
Donald Patrick Lim
Chief Innovations Officer at Udenna Corporation
Wrap Up & Closing
[Virtual Meet-Up] Assurance in Real Time: All About Agility
In the last five years, and especially during the global pandemic, organizations have become more dynamic than ever before. Management has made decisions in hours instead of taking weeks or months, and these decisions have been implemented immediately instead of going through long, complicated and time consuming administrative processes. Accordingly, internal audit also needs to embrace the concept of agility and how it can be applied to internal audit along with building agile audit plans via continuous risk assessment in order to change, adapt and remain relevant to their stakeholders.
Log-In
Announcements and Recap
PS3: The IIA Three Lines Model: Beyond Mere "Defense" Lisa Hirtzinger
The IIA Three Lines of Defense framework underwent a review to optimize its adoption by organization best suited to their needs, complexity, size, and structure. Through this session, gaining a better understanding and appreciation of the revised model can draw the best service value from internal audit.
Lisa Hirtzinger
VP, Training & Development at IIA HQ Global
Transition & Ice-breaker
CS2: Break-out Sessions
Transition & Ice-breaker
PS4: Redefining Talents for Internal Audit in the New Normal Shiela Alarcio•Gilbert Camasura•Phil Leifermann•Catherine Hufana-Ang
Panel Discussion: This panel discussion will give us an idea what are the emerging skills and talents that internal auditors must possess to thrive and strive in the new normal. To have a holistic view, insights from different key stakeholders of Internal Audit are invited to share their insights.
Shiela Alarcio
Head of Group Internal Audit at The Philippine American Life and General Insurance Co.
Gilbert Camasura
Chief Executive Officer and Chief Take IT Forward Officer at HRTX, Inc.
Phil Leifermann
Director of Wolters Kluwer TeamMate, Asia Pacific
Catherine Hufana-Ang
Executive Director and Chief Audit Executive of Ayala Corporation
Wrap Up & Closing
Virtual Meet-Up
Log-In
Announcements and Recap
PS5: Must Have in A Digitally Transformed Internal Audit Function Amielle Ann Receno•Luis Saranglao•Robert Luu•Ryan Gilbert Chua
In the 2019 reports by PwC "State of the Internal Audit Profession" indicated that internal audit efforts, to be "digitally fit", is uninspiring. In Richard Chamber's blog (dated 4.15.2020 on IAONLINE), he lamented "the profession's low adoption rates of next-generation technology, reliance on weak approaches to identifying emerging and atypical risks, and minimal changes in decades-old audit processes." In this session, let's get an insight into whether this report remains true, what new challenges that the current pandemic forced internal audit organizations to face, and what emerging technologies can help internal audit functions become digitally transformed to effectively and efficiently deliver value to its stakeholders.
Amielle Ann Receno
Peoples Operations at Lalamove Philippines
Luis Saranglao
Head of Internal Audit at True Money Philippines, Inc.
Robert Luu
Director for Solutions Strategy and Consumer Success in Asia Pacific & Japan of Galvanize
Ryan Gilbert Chua
Partner, Consulting and Leader, Risk at Sycip Gorres Velayo & Co. (SGV & Co.)
Transition & Ice-breaker
CS3: Breakout Sessions
Transition & Ice-breaker
PS6: Future Fit: Dance to a Brand New Beat Vincent "Chot" Reyes
What this pandemic is showing us is that, now, more than ever, we need #FUTUREFIT leaders. Men and women who act with unquestioned INTEGRITY in pursuit of INNOVATION. Leaders who have the cognitive flexibility or the AGILITY to thrive amidst change, while at the same time exhibiting the highest degree of PROFESSIONALISM in their quest to be at their best in these trying times. As such, it will take more than just activating the minds, bodies, and spirit of our people to be the best. We have to engage their hearts. In this VUCA world, we should find ways to inspire everyone in the organization to play all in, all heart. 1. HEALTH: the foundation that contributes to sharper mental acuity and higher 2. EMOTIONAL INTELLIGENCE: the skill more important than IQ or talent that enables 3. AGILITY: the drive to constantly rethink,reinvigorate,react,reinvent at speed, sustained by 4. RESILIENCE: the ability to achieve post-covid growth to #bounceforward that is scaled by 5. TEAMMANSHIP: the need to transform one’s thinking from ME to WE
*Subject to change
Vincent "Chot" Reyes
Founder & President of CoachCom.Inc
Wrap Up & Closing
Virtual Meet-Up: State of Internal Audit in the Next Normal (Beyond Covid19)
The COVID-19 pandemic created unprecedented disruptions globally. From alternative work conditions, increased adoption of digital sales channels, and digitization of processes (most, if not all) to cost-reduction measures are some of the immediate actions taken by businesses to survive the current economic crises. With the prolonged non-containment of the virus, the lack of available effective treatment or vaccine, the long-term impact on the Philippine economy of regulatory health-related restrictions, among others, internal audit is called upon, more than ever, to support its organization by providing the needed insights and service value. Given these uncertain and present conditions as the ”new normal”, how has internal audit functions adapted at the speed of risks? What do CAEs anticipate as the emerging risks?
Facilitated by the IIAP 2020 Technical Standards & Research Committee, this session hopes to elicit insights, reactions, inputs, and best practices among the participants on the discussion items questions. A transcript of this session shall be shared to the participants (registered only) in hopes of providing key takeaways learned or gained from this thought leadership discussion that will help internal auditors prepare for the next normal.
CS1-1: Supercharging Risk Professionals Through Agile IA Owen Fajardo
Technology and innovation are no longer emerging trends, rather, these are already considered essentials in the service delivery of internal audit functions across organizations. Internal audit functions are expected to have already adapted to the digital age.
Some of the more important questions we may be asking ourselves nowadays are - Are we maximizing our investments on systems and tools in our internal audit delivery? How have we transformed our value in the eyes of our stakeholders in the organization? Have we significantly and positively changed the way we work through the use of technology and innovation? How else can we use our investment in technology to our advantage?
Owen Fajardo
CS2-1: Remote Auditing for MSMEs and Small Audit Shops Michael Cabatuando
Remote auditing is not a new concept in internal audit. But with the onset of work-from-home set-ups to comply with community quarantine protocols, regular audits that would normally be conducted on-site have also been re-calibrated to be performed remotely. This sudden change in the dynamics of performing audit has either posed new challenges, or highlighted issues that internal audit functions thought they had already prepared for.
Bigger organizations may have been lucky to have the resources to enhance and support the requirements to conduct remote audits and continue with the internal audit activities, but what are the medium-sized companies' internal audit functions doing to still be able to fulfill their mandate?
Michael Cabatuando
ASPAC Privacy Compliance Head and Data Protection Officer at Johnson & Johnson
CS3-1: A Revisit of Present Tax & Statutory Compliance that Internal Auditors Should Look at with the Passage of Bayanihan 1 & 2 Atty. Willie Santiago
Internal auditors are faced with challenges in adapting to the new norm with COVID Pandemic. A lot of government interventions are introduced from March 15 to date. From various extension deadlines on filing of statutory and tax filing reports to giving of relief measures in the form of concessions and government take aways, the internal auditors should be adaptable to changes in the taxation and statutory landscape brought about by these interventions. Likewise, with the recently passed and time-bound Bayanihan 2 Law, everyone should be able to keep track and brace on the possible impact of the implementing rules and regulations by various government agencies to ensure timely and relevant compliance as the change occurs.
Atty. Willie Santiago
Director of Tax & Corporate Services Division at Diaz Murillo Dalupan & Company
CS1-2: Managing risks in digital transformation Arlene Romasanta
Many industries are being rapidly transformed due to the pandemic - some permanently, resulting in unprecedented challenges in adapting to the new business environment. Organisations need to redefine strategies, undertake organisational change and workforce upskilling at scale, and manage increased digital, data and cybersecurity risks. Managing risks in the changing era is, thus, critical to an organization’s sustainability.
This session will help us understand what are the risks associated with digitalization from the different areas in the organization, how to manage them in terms of prioritization and control. Practical tips shall also be given for those about to start digitalization, on their way to digitalization and those that are already there.
Arlene Romasanta
Chief IT Officer of Data Warehouse and Analytics Division at Department of Information & Communications Technology (DICT)
CS2-2: Ethical Hacking: A day in the life of an ethical hacker Drexx Laggui
As the pandemic has drive people to do more and more online transactions, lurkers or hackers must be feasting for increase business opportunity.
What the hackers usually look like in their ordinary days until they see a potential prey? Do they circle around it day and night until they move for a win? This session will have us up close and personal with a professional hacker, what keeps them busy, what keeps them awake at night and how do they select a potential target. This session will also give us tips on Do's and Dont's when doing on-line transactions .
Principal Consultant Information Security at Laggui.Com
CS3-2: Top 10 focus areas to mitigate fraud in a disruptive time Michael Peer
When the pandemic hit, one thing was on top of everybody's minds: to survive and continue. Organizations practically had to make drastic changes overnight to a significant portion of how they do business (e.g. strategies, processes, communications). Simply put, organizations' responses have led to many ad-hoc changes - uncertain and sudden - and would have not followed the normal change management process. While these sudden changes helped organizations to continue operations, these also presented opportunities for fraudulent activities to happen.
In this session, we will learn what the top 10 areas organizations are to focus on to mitigate fraud in a disruptive time.
Michael Peer
Consulting Forensics Partner at PwC SEAC
CS1-3: Under the Lens of Business Resiliency and Recovery Plans Richard Cruz
Months after the onset of COVID-19 and despite government stimulus, companies remain grappling for their future, supply chains continuously disrupted, consumer spending are conservatively low in reverse proportion to increasing unemployment. In the August 2020 article by a leading risk and industry research company, the Philippine construction sector will experience a full-year recession as a result of the escalating covid-19 spread in Luzon. Let us get an insight and learn from how this pandemic tested this industry's business continuity plans, how it has remained resilient, and how prepared it is for the "New Normal".
Richard Cruz
Country Business Resiliency Coordinator & Vice President for Health, Safety and Security at Lafargeholcim Group & Holcim Philippines, Inc.
CS2-3: Data Ethics and Governance: Enablers for the New Normal Victor Jose "VJ" Africa
The pandemic forced companies to find transformative solutions that oftentimes require the use of emerging technologies to maintain a sense of normalcy and enable a "business as usual" operation amidst the crises. And for this reason that organizations implement an effective data governance framework to ensure the ethical use, security, and protection of information collected from these technologies. In this session, we will get an insight into ethical practices and governance over data and understand how these can be enablers for the New Normal.
Victor Jose "VJ" Africa
Managing Director of IT Group, Inc. - Singapore & Malaysia
CS3-3: Your ethical principles do not align with the management: When to Stop? Rose Javier
Ideally, Management and Internal Audit should be allies in strengthening the governance, risk management, and control processes to achieve the strategic objectives of the company. The reality, however, shows that they are most often at different-sides of the spectrum. This could stem from various reasons e.g. tension caused by unfavorable audit findings, disputes over resources to differences in opinion, culture, or approach. When should an internal audit know to stop, if principles continue to differ or collide with Management?
Rose Javier
Managing Director of Business Protech Consultancy Services
CS1-4: An Effective Audit Manager of A Remote Team In A Virtual Offices Edel Mary Vegamora
When the pandemic hit the country, and with the government's decision of implementing a community quarantine, organizations were almost immediately forced to do an overnight transformation of their operational strategies, mostly revolving around rethinking the work arrangements of their people.
Already going on seven months in community quarantine, how are the work arrangement strategies of organizations holding up? What key elements in the new work arrangement strategies have been proven to be effective in working and managing people remotely? Are our people satisfied with the adjustments we've made so far? Have we maintained connection and engagement with our people?
Edel Mary Vegamora
Former EVP & Chief Audit Executive at Rizal Commercial Banking Corporation
CS2-4: Philippine Digital Laws • What do we need to know Victoria Tomelden
With the number of businesses venturing into the digital space, at quantum proportions, to be able to operate sustainably and compete in the Digital Economy and e-Business in the current crises, this also presents significant opportunities for higher growth, wider reach, and better or improved public governance. This session will give us an idea as to how the digital laws in the Philippines evolved, the basic features that we need to know, and why.
Victoria Tomelden
Chief Internal Auditor at Holcim Philippines, Inc.
Audit reports capture the internal audit organization's week or a month-long of assurance and consulting work intended to add value and help the organization achieve its objectives. It is a critical communication tool to inform the Board and Management of significant risk and control issues, including fraud and governance, that could affect the organization's ability to attain its goals. With the pandemic further magnifying the very definition of a V.U.C.A. world, businesses need to make quick and critical decisions to survive. And lengthy narratives, jargon-filled, and overwhelming technical details type of audit report does not help the Internal Audit function providing value. Therefore, what can internal auditors do to be heard and make an impact (through its report) with little words? How can internal audit keep up and leverage technologies and other digital platforms for better communications?
Fandhy Siregar
Head of Regular Audit at Indonesia Eximbank
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