Chairman’s Message, January 20, 2010

Greetings and happy new year to all of our financial services group members. I hope everyone had a great holiday season. Your Financial Services Advisory Board was busy meeting face-to-face at the 2009 IIA Mid-year Committee meetings in Orlando, Fla., and working with the 2010 Atlanta International Conference Program Committee.

As you may recall, we announced in the last issue of FSA Times that there would not be a separate Financial Services Conference in 2010. Instead, we are joining forces with the Atlanta International Conference by creating a virtual financial services track within the conference program on June 6–9. In other words, every concurrent session block at the International Conference will include a financial services session. This gives the financial services auditor attendee the option of attending a financial services session during each concurrent session or attending any of the other sessions being presented. This means that the International Conference will have many concurrent sessions relevant to financial services, including an audit director panel discussion on current topics facing the industry. Check the conference brochure or information on the conference Web site for more details.

As a benefit to financial services auditors attending the conference, the Financial Services Advisory Board is excited to announce that we will be sponsoring a free program on Sunday afternoon June 6. The program will feature Alan Bachman of the Association of Certified Fraud Examiners, an expert on financial services fraud such as Ponzi schemes. Bachman will discuss the rash of recent Ponzi schemes in the United States, including the Bernard Madoff case. During the second part of the program, David Koch, the Inspector General for the U.S. Securities and Exchange Commission (SEC), is tentatively scheduled to speak about his investigation of what went wrong at the SEC regarding the Madoff case. This promises to be an interesting and entertaining afternoon of information and discussion about the largest Ponzi scheme in history. Watch for additional information about this special presentation in your e-mail inbox and take advantage of the early-bird registration before Jan. 31 to secure your spot at the session. We hope to see you in Atlanta.

Lastly, your board is interested in what you think and will be sending out a survey to all of our financial services group members within the next two months. Please watch for this and take a few minutes to give us your feedback — it’s very important for us to know what you think and expect from us. As always, please do not hesitate to give us your suggestions by contacting me or any of the board members.

Warm regards,
Scott White, CIA, CFSA
Financial Services Advisory Board Chairman


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