EVENT SUMMARY:

Gordon Smith from Canaudit will show us how focusing on cash flow potential we can produce a better return for our organizations. This seminar is intended to inspire creative thought processes, audit innovation and staff rejuvenation.Register on or before Wednesday November 26, 2008.  Seating is limited to 30 participants on a first come first serve basis.

REGISTRATION and PAYMENT:

Online registration is available at Lehigh Valley IIA website.  Just select the event, click the Register Me button.

Make your check payable to Lehigh Valley – IIA and pay at the door or mail to:

Woody Hamil

Mail Station: A42L5

Air Products & Chemicals, Inc.

7201 Hamilton Blvd

Allentown, PA  18195-1501

If you are a non-member and wish to receive future mailings from our chapter, please EMAIL US your contact information and include in the email subject line "Future Mailing".

AGENDA:

7:30 – 8:00 AM Continental breakfast provided

8:00 – 5:00 PM Presentation

Lunch provided in Air Products Cafeteria from 12-1 PM.

PRESENTATION SYNOPSIS:

In recent past years, much of our audit budget was expended on Sarbanes Oxley, Gramm Leach, Bliley, and HIPAA at the expense of other audits that were deferred.  While these legislative requirements will never go away, the bulk of the work is behind us.  At Canaudit, we believe that now is the time to switch gear into the Auditing for Profit mode.  Using the documentation created during SOX compliance as a starting point, we can identify processes that are ineffective and transaction flows that are inefficient. By focusing on cash flow potential, we can produce a better return for our organization.  Through observation, we can identify labor intensive processes that can rationalized.  We must also make better use of our limited audit resources so that we can do more audits and shorten the audit process.

Outline of major areas covered:

• The Auditing for Profit Concept
• Auditor Productivity
• Employee Productivity
• The Cash Flow Approach
• Asset Utilization Approach
• Identifying Labor Intensive Practices
• Identifying Customer Dissatisfaction
• Closing Comments

BIOGRAPHICAL SUMMARY:

Gordon Smith, President and CEO of Canaudit, Inc., has over a quarter of a century of progressive audit experience.  As a practicing auditor with a strong business sense, Gordon is adept at tying critical audit findings to the key objectives f the organization.  He has been the key note speaker at many national and international conferences.  His highly energetic and enthusiastic presentations make audit topics interesting, exciting, and informative.

Gordon was the recipient of the 2002 Wasserman award for Outstanding Achievement in the field of Information Systems Auditing and Control.  He is a Certified Management Accountant (Canada) who graduated in 1981.  He is also a Certified Government Financial Manager and a member of the Institute of Internal Auditors and The Association of Government Accountants.  Gordon is listed in the Who’s Who of Leading American Executives and has published two books titled Network Auditing: A Control Assessment Approach and Control & Security of E-Commerce, both published by John Wiley & Sons.