Chairman’s Message, April 14, 2010

FSA Times Home Page

I hope each of you had a chance to review the program information for The IIA’s International Conference taking place June 6–9 in Atlanta, Ga. As I’ve discussed previously, your Financial Services Auditors Board (FSAB) decided to merge the 2010 Financial Services Conference with the International Conference, which is effective this year only. The FSAB will be considering a number of options for future conferences and will announce our plans later this year.

The Atlanta Conference Committee has outdone itself in planning this year’s conference program. There will be a full slate of financial services-oriented sessions for conference attendees who can opt to attend a financial services-oriented session during each concurrent session.

Additionally, the FSAB is sponsoring a special pre-conference afternoon session on Sunday for financial services auditors at no additional charge. The session will feature well-known fraud expert Allan Bachman of the Association of Certified Fraud Examiners who will speak on the recent rash of Ponzi schemes. Bachman will examine how and why these schemes happened and what we can do to prevent them in the future. The second Sunday afternoon session will feature Mike Thomas of Crowe Horwath who will discuss financial institution fraud red flags including cyber frauds and privacy issues. During this session, you will understand the various trends and types of fraud being committed against financial institutions, learn how to identify fraud red flags, hear about actual frauds that have been committed against financial institutions, and discuss best-practice solutions to prevent the frauds presented.

The Atlanta Conference Committee also has added Harry Markopolos to the lineup of general session speakers. Markopolos is a former securities industry executive turned independent financial fraud investigator and is responsible for bringing down Bernard Madoff and exposing one of the largest Ponzi schemes in history. You won’t want to miss an opportunity to hear firsthand about the Madoff case. The IIA Bookstore will sponsor a book signing of Markopolos’ No One Would Listen: A True Financial Thriller. Check the conference schedule for more information about sessions and the book signing.

I hope that you will take advantage of this great financial services training opportunity in Atlanta. As always, if you have questions or comments, please do not hesitate to contact me or any member of the FSAB. I look forward to seeing you in Atlanta!

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