2009 General Audit Management (GAM) Conference: Session Detail

CS7-2: TUESDAY MARCH 17, 2009, 2:25-3:35 p.m.

Risking It All: How Should Boards Respond to Allegations of Bribery...

James A. LaTorre
Partner, PricewaterhouseCoopers, LLP
Jason Pett, CPA
Partner, Internal Audit Services, PricewaterhouseCoopers, LLP

Risking It all: How should Boards Respond to Allegations of Bribery and Corruption? 

  • Explore a video-based scenario where the board of directors is presented with certain facts about a potential fraud and must decide how to act.
  • Consider what you would have done if confronted with the same facts.
  • Explain what internal auditing could have done to detect the fraud.
  • Discuss what internal auditing's involvement should be once a fraud is detected, how you can move board members toward your point of view, and how internal auditing should interact with legal counsel and the external auditor.
 
NASBA - AUDITING

Presenter Biography: James A. LaTorre

Jim LaTorre is responsible for the development and implementation of practice methodologies and tools, quality assurance initiatives, learning and education programs, client satisfaction programs, marketing campaigns, recruiting programs, and manpower planning. He routinely meets with more than 50 companies annually to discuss business issues, new developments in internal auditing, and issues impacting the profession. Since 1999, LaTorre has served as the engagement partner responsible for PricewaterhouseCoopers internal audit full outsource contract with Host Hotels & Resorts, which owns more than 100 luxury hotels. Previously, he served on the Board of Trustees of The IIA Research Foundation.


 
Presenter Biography: Jason Pett, CPA

Jason Pett has delivered internal and external audit services for more than 13 years. He has extensive experience providing enterprisewide risk assessments to organizations in a variety of industries and translating the results of those assessments into efficient, risk-based internal audit plans. He has assisted organizations in the design of start-up internal audit functions and worked with companies to transform existing internal audit functions into value-added, risk-based, and strategically aligned functions. Pett has managed both outsourced and co-sourced internal audit engagements for a variety of companies. He has extensive experience incorporating global best practices and leveraging deep industry and technical expertise from across PwC into the planning, execution, and reporting of internal audit projects.


 
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