NACD Board Leadership Conference NACD Chapter System NACDonline.org

Audit Committee Agendas 2016: Emerging Issues and Best Practices

Classroom
January 14, 2016
Chicago, IL


Overview

 

Non-Member Directors and C-Suite Executives currently serving a board are welcome to attend this event.  Non-Member registration fee is $75.00.  Please contact kathy@chicagonacd.org or (630) 527-9579 to register.  Registration closes January 11, 2016.

 

Audit committees continue to face many new and challenging issues and risks as we work through an already full agenda. Please join us as we discuss how Audit Committees will prioritize their agendas for 2016 including evaluation and management of cyber security risks, implementation of the new Revenue Recognition Account Standard, the pros and cons of outsourcing or co-sourcing internal audit functions, and methods of assessing the effectiveness of Audit Committees. Our extended program will allow ample time for Q & A's.  We will then adjourn for continued networking and informal discussion on Hot Topics for the Audit Committee.


Documents

 
  Audit 2016 Topics
  KPMG- Issues In-Depth
  Audit Quality Indicators
  Jan. 14th Summary



Location and Time

 

KPMG Offices
200 E. Randolph St.
Chicago, IL 60601


3:00 - 3:15 p.m. Registration

3:15 - 5:15 p.m. Program

5:15 - 6:00 p.m. Networking Reception



Speaker Spotlight

 

Dave Landsittel

Panelist - David Landsittel recently completed four years as chair of COSO, a leading provider of guidance on internal control, risk management and fraud deterrence to public and private companies and other organizations. He served as a member of the board of directors and audit committee chair for Molex Incorporated, a publicly-held manufacturer of electronic connectors, Burnham Investors Trust and American Express Bank. In he has also served as a consultant to accounting firms and others on auditing, financial reporting, governance and quality control issues. After 34 years of service, Mr. Landsittel retired from Arthur Andersen LLP in 1997. During his career with Andersen, he held many leadership positions in the firm, and as audit engagement partner on larger commercial clients, including three in the Fortune 500. Mr. Landsittel has previously served as Chairman of the American Institute of Certified Public Accountants’ (AICPA) Auditing Standards Board. Dave received the John J. McCloy Award for outstanding contributions to auditing in the United States and in 1997, he was selected by the American Accounting Association Auditing Section to receive its Distinguished Service in Auditing award. He also served as chair of the Board of Directors of the Illinois CPA Society and has more recently chaired the CPA Endowment Fund of Illinois, a not-for-profit organization that provides scholarships and encourages qualified students to pursue careers in public accounting. Mr Landsittel graduated from DePauw University and received an MBA from the University of Chicago.

Bill Tomazin

Panelist - Bill Tomazin currently serves as KPMG’s National Audit Market Development Leader, where he plays a pivotal role in the firm’s growth strategy for the Audit Practice. He is a member of their National Audit Leadership team and has spent much of his career serving large multi-national companies, both public and private. Prior to this role, he served as the Chicago Metro Business Unit Audit Partner and was responsible for overall operations of the Chicago and Milwaukee audit practices, including audit quality, resource management, financial performance and overall audit client service. With more than 30 years of experience, Bill also serves as global lead partner or Account Executive on multi-national public and private companies Bill has extensive experience with global organizations, including service company revenue recognition models, merger and acquisition accounting, accounting for compensation arrangements, debt and equity offerings, and global tax provisions and related tax planning strategies. Bill has extensive experiences on integrated audits, including coordination and collaboration with internal audit and risk and compliance functions, shared services centers, Global IT platforms, global enterprise risk management processes and broad based internal control experiences. Bill is actively involved in the Chicago community. He serves as Chicago leader for our KPMG Family For Literacy, He also serves as a board member for the Chicago Shakespeare Theater, chairing the Education Committee, the National Association of Corporate Directors (NACD) as Treasurer, and is a founding member of the Innovation Council of the Executives’ Club of Chicago. Bill also supports the United Way of Chicago and several other charitable organizations in the area.

Ana Dutra

Panelist - Ana Dutra is the CEO of The Executives’ Club of Chicago, a world-class senior executive’s organization focused on the development, innovation and connectivity of current and future top leaders. She was the CEO of Mandala Global Advisors, a global management consulting company. Prior to that, as the CEO of Korn/ Ferry Consulting and a Proxy Officer for 7 years, Ana created a $350+ MM new global business through a combination of organic growth, 7 global acquisitions, innovative go-to-market approaches and incorporation of technology and digitalization of products and services. A Brazilian native with over 25 years of experience in P&L management, business growth and C-Level business consulting in over 30 countries, Dutra’s expertise lies in helping Boards, CEOs and their teams to identify and execute growth strategies and turnarounds through innovation, acquisitions, culture change and new technologies. Ana holds an MBA from Kellogg, a Masters in Economics from Pontificia Universidade do Rio de Janeiro, a Juris Doctor from Universidade do Rio de Janeiro, all summa cum laude. She is fluent in Portuguese, English, Spanish and French and is a frequent speaker in the Global Competitiveness Forum, World Economic Forum and other Global Conferences. In addition to her corporate and civic leadership roles, Ana is a Director in the Boards of the CME Group (CME-NASDAQ), Greeley and Hansen, CoachLogix, The Committee of 200, International Women Forum, Lurie Children’s Memorial Hospital of Chicago, Governor State University and Academy for Urban School Leadership (AUSL), a top school turnaround organization in the country. She is also a member of NACD,

Dennis Chookaszian

Moderator - Dennis Chookaszian is the retired chairman and chief executive officer of CNA Insurance Companies. He served as CNA’s chairman and chief executive officer from 1992 until 1999 and as chairman of the executive committee of CNA from 1999 to 2001. Dennis served as chairman of FASAC (Financial Accounting Standards Advisory Council) which provides guidance to the FASB (Financial Accounting Standards Board) on accounting matters for five years and completed his term in 2011. He is also a member of the FCAG (Financial Crisis Advisory Group) which is the international commission that was created to develop recommendations to solve the financial reporting problems associated with the current economic problems. During his career, he has served as a director on the boards of twelve publicly traded corporations and fifty private corporations. He is currently a director of the Chicago Mercantile Exchange, the world’s largest derivatives exchange, Career Education, a private post-secondary education provider, Allscripts, a leading provider of software for the Health Care sector, Internet Patents Corp, a firm that licenses Internet Patents, and MacDonald Dettwiler, a space satellite technology company. He also serves as a director of a number of private corporations and has served as an arbitrator in ten diverse cases and an expert witness in five cases. Dennis is currently an Adjunct Professor at the University of Chicago Booth School of Business and teaches courses in Corporate Governance. He also teaches a course in International Corporate Governance at Cheung Kong University in China, Shanghai Advanced Institute of Finance in China, and at IIPM in India. Mr. Chookaszian has a bachelor’s degree in chemical engineering from Northwestern University, a master’s degree in business administration from the University of Chicago, and a master of science degree in economics from the London School of Economics.

Accreditation

 




Question about this Event?

Contact Chicago Chapter 1154 Blue Larkspur, Naperville, IL, 60540 phone: 630-527-9579 email: Kathy@chicagonacd.org