Description

"The Value of Harnessing Corporate Governance, Risk and Compliance"

Sponsored by PAYCHEX

Click here for a .pdf of schedule of events and speaker bios.

Steering Committee:
Lynn Fountain, MBA, CPA, CGMA, Chair, President, Fountain GRC, Overland Park
Dan Crumb, CPA, CGMA, Chief Financial Officer, Kansas City Chiefs, Kansas City
Barb Schaffert, CIA, CIDA, Senior Manager, Grant Thornton LLP, Kansas City
Tammie Wahaus, CPA, CGMA, Chief Financial Officer, TVAX Biomedical Inc., Lenexa
Mary MacBain, CPA.CITP, CGMA, President/CEO, Kansas Society of CPAs, Topeka

There can be no reward without risk, so risk is something every organization and CPA firm deals with on a daily basis. Companies today must continuously evaluate and create strategies related to risk.

The KSCPA Risk Management Conference is designed for CPAs in public practice, business, industry, government & education as well as internal auditors, CFO's, chief risk officers, risk managers, attorneys, and other C-suite executives. 

Designed for 6 Hours of CPE / 2 Hours Ethics. Approved for 6 Hours Kansas CLE Credits and 5 hours Missouri CLE credits.  2 hours Ethics Missouri/Kansas CLE not approved.

Highlights

8:00 - 8:30 am   Registration & Continental Breakfast

8:30 - 8:35 am   Welcoming Remarks: Lynn Fountain, Conference Chair

8:35 - 9:25 am    "Bite Size ERM" - Warren Stippich, CPA, CIA, Partner, Chicago Practice Leader, National Governance, Risk and Compliance Solution Leader, Business Advisory Services, Grant Thornton & Barbara Schaffert, Senior Manager, Grant Thornton
SPEAKER SPONSORED BY GRANT THORNTON LLP
ERM discussions have gained a lot of momentum and interest in the board room.  In part, driven by the economic collapse of Wall Street and catastrophic global events (Gulf Coast oil spill), many board members are wondering if Wall Street and big business could have done more holistically to have anticipated risks that drove some of the calamity.  Board members have been challenging management to make sure that their companies don't have unanticipated surprises and that uncertainties are identified, discussed and managed with an appropriate plan.  Management is concerned that ERM, while beneficial, may prove too challenging to implement due to perceptions about this being a monstrous exercise.  The cost benefit is hard to justify in management's mind.  Internal audit is in the middle of these discussions many times and has to seek a win-win point of view.  Internal audit leads the education of both the board and management on ERM and that ERM can be implemented in phases and does not have to consume everyone for a long period of time to yield expected results. 
 
9:25 - 10:15 am   "Risk Management, Governance and Financial Control Practices" - Dan Crumb, CPA, CGMA, CFO, Kansas City Chiefs
The complexities involved in managing and controlling the business surrounding a professional football team can be considered unique.  Day-to-day dealings with reputation control are often the focus fans see.  However, behind the scenes is a multitude of financial and risk management professionals who are concentrating on the many game day and pre-game day processes of controlling cash and other financial processes in order to accurately report earnings to owners and the NFL.  The seemingly simple act of cash collection by vendors needs to be strongly controlled and managed to ensure cash collection from 70,000+ fans enjoying game day is well managed.  Dan will provide a unique perspective on how our city's premiere NFL team handles many of their financial processes and his views on maintaining a strong control environment around these processes.  

10:15 - 10:30 am    Networking Break

10:30 - 11:45 am   "Complexities of Enabling Strong GRC Processes in Corporate America" - Lynn Fountain, MBA, CPA, CGMA, President, Fountain GRC, Overland Park
As corporate America continues to deal with the struggling economy, focus of stakeholders has strongly shifted from simple risk management practices to overall governance, risk and compliance (GRC) requirements.  The new Dodd-Frank act and focus on FCPA controls along with Whistleblower rules are a few examples of why corporations need to focus on more holistic approaches to their siloes of governance, risk management and compliance programs.  Lynn will examine recent corporate incidents and the critical elements that companies should focus on to bring their separate programs under one holistic umbrella.  Participants will be able to submit scenarios and challenges that the group will review and discuss.  This will be an interactive session with audience participation.

11:45 - 12:45 pm    Networking Lunch

12:45 - 1:35 pm   "How to Prevent the Extinction of the Ethical Business Leader" - Jeff Lanza, Retired FBI Special Agent, Risk Management Specialist & Professional Speaker
This presentation helps participants develop, inspire and maintain a culture of integrity in their organizations. While chronicling failures of integrity from the cubicle to the corner office, Jeff provides a positive framework for hiring employees with high integrity and creating an environment which helps ensure that company personnel maintain their moral compass. Real FBI case examples help explain the root causes of unethical behavior and to facilitate the achievement of corporate goals at all levels with employee's morality and integrity intact.

1:35 - 2:25 pm    "Using Dashboards to Strengthen Your GRC Program" - Tammie Wahaus, CPA, CGMA, Chief Financial Officer, TVAX Biomedical, Lenexa Corporations are searching for methods and tools to utilize to enable proper monitoring and controlling over many of their financial controls and GRC practices.  The theory of dashboard reporting has taken many roads.  Tammie will present thoughts on the overall need for adequate development of dashboard metrics, maintaining those metrics and properly reporting and initiating mitigating actions for identified risk.

2:25 - 2:55 pm    "Wrap Up Panel" - Lynn Fountain, MBA, CPA, CGMA, Conference Chair & Moderator
Panel members will address questions on risk management, control environment and governance practices in their organizations.  Participants will have the opportunity to submit questions.

Objectives

This conference is a unique opportunity to understand the value of harnessing corporate governance, risk and compliance. Managing risk is complicated by rules and regulations.  Participants will gain a practical understanding of how our local NFL organization maintains control in a complex environment, and learn about methods and tools that are used to monitor and identify risks on a real-time basis.

Corporate governance, risk and compliance (GRC) practices will be covered and recent corporate incidents reviewed with the critical elements that a company should focus on to create a holistic approach to GRC outlined.  The role of internal audit in leading education on enterprise risk management (ERM) for both the board and management to achieve expected results will be covered. A lively ethics topic will provide a positive framework for hiring employees with high integrity and creating an environment which helps ensure that company personnel maintain their moral compass.