2009 General Audit Management (GAM) Conference: Session Detail

CS6-2: TUESDAY MARCH 17, 2009, 12:45-1:55 p.m.

IFRS - The Role of Internal Audit in a Successful Conversion

John S. McGaw, CPA
Partner, Midwest IFRS Leader, KPMG
Joseph Keating, CPA, CFE, CISA
Director, Internal Audit, Accenture
  • Expand your understanding of the latest developments in the U.S. Securities and Exchange Commission's (SEC's) roadmap for U.S. companies reporting under International Financial Reporting Standards (IFRS).
  • Discover why chief audit executives' holistic view of the companys business operations and financial processes make them ideal contributors to helping a company assess the opportunities and risks associated with a conversion to IFRS.
  • Learn how the lack of detailed application guidance in IFRS will require increased judgment to be exercised by companies and will place an increased emphasis on a companys entity-level control environment.
  • Explore how IT systems and business process changes enabling the conversion to IFRS will impact enterprise risk assessments and resulting internal audit and Sarbanes-Oxley Section 404 plans.
  • Identify internal audit skill sets required to anticipate and respond to the opportunities and challenges of a conversion.  



Presenter Biography: John S. McGaw, CPA

John McGaw has more than 17 years of experience delivering risk advisory and audit services.  He specializes in leading large multidisciplinary engagements, and he currently leads KPMG's IFRS conversion efforts in the Midwest. McGaw frequently speaks with leading companies and industry associations about the broad impacts of a conversion to IFRS. Through these experiences, he brings a broad perspective on leading practices and common pitfalls of conversion. Prior to his 2002 transfer into KPMGs Advisory practice, McGaw served SEC registrants in KPMGs external audit practice. He has spoken at The IIA's International and General Audit Management conferences.

Presenter Biography: Joseph Keating, CPA, CFE, CISA

Joe Keating is a senior executive at Accenture, based in Chicago. He reports to the chief audit executive and manages a global internal audit team located in the United States, Europe, and Asia. Keating is responsible for the risk assessment, internal audit plan development, and plan execution of Accentures internal audit activities. Prior to joining Accenture, he was a managing director in PricewaterhouseCoopers' Internal Audit practice. Additionally, Keating has held roles in internal auditing, controllership, and international tax planning and reporting at GTE/ Verizon. He has also served as an adjunct professor of internal auditing at Bentley College in Boston.  

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