2009 General Audit Management (GAM) Conference: Session Detail

CS7-6: TUESDAY MARCH 17, 2009, 2:25-3:35 p.m.

How Internal Auditors Can Add Value in Times of Crisis

Karl F. Riem, CPA
Senior Vice President, Deputy Chief Auditor, Wells Fargo & Co.
Elisa C. Young, CPA, CFSA
Chief Audit Executive, ING Americas

This Coffee Talk session is from 2:25 p.m. - 5:00 p.m.

  • Hear about the increased demands internal auditors are receiving from their audit committee, regulators, external public accounting firms, and business partners.
  • Discover how you and your internal audit team can take advantage of this opportunity to fulfill your duties and positively influence your organization during these unusual times.
  • Discuss lessons learned  what worked and why, what did not and why. 

Presenter Biography: Karl F. Riem, CPA

Karl Riem has 25 years of internal audit experience in the financial industry, with the last 19 years at Wells Fargo. He oversees a team of about 160 audit professionals, which provides audit coverage to all corporate functions  such as accounting/finance and human resources  and supports the company's merger and acquisition activities, from due dilgence, to transiton, to conversion/consolidation. Riem also has a team of about 30 professionals dedicated to auditing the high-risk aspects of the Wells Fargo and Wachovia integration. Additionally, he directs Wells Fargo Audit and Security internal functions such as practices, quality assurance, finance, and system support.

Presenter Biography: Elisa C. Young, CPA, CFSA

Elisa Young has 18 years of public accounting and internal audit experience, including 16 years within the financial services industry. She currently leads 105 audit professionals in more than 10 sites throughout North and South America. Previously, Young was with KPMG. She is a member of the ING Denver Site Leadership Team, a member of the ING U.S. Community Advisory Committee, and executive sponsor for the ING Community Partners Volunteer Team at the Denver site, which encourages employee engagement for volunteer events that reach out into the Denver community. Young has been instrumental in working to support the new Latino Network initiative at the Denver site.

© 2010 The Institute of Internal Auditors / 247 Maitland Avenue Altamonte Springs, FL. 32701-4201 USA / +1-407-937-1100 / FAX +1-407-937-1101 • www.theiia.org