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Assessing the Risks of Bots & Disruptive Technologies

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Date(s): Apr 07, 2021 - Apr 08, 2021
Time: 8:00AM - 4:30PM
Registration Fee: $439.00
Cancellation Date: Mar 31, 2021
Location: Online

Course Description

This two-day seminar is designed to provide a basic understanding of the more progressive technologies that are expanding at a breakneck pace in the world of business. This course is designed to take a practical business-centric risk-based approach to understand the audit and risk implications of these technologies from a non-technical standpoint.

 

You will learn about the key risks and concerns that these advanced business tools create.  We will cover the audit and risk assessment tactics that must be employed to assure that these strategic initiatives yield the high value returns that are anticipated.  More importantly we will identify the areas of the significant risks that must be recognized, audited, and dealt with to minimize any adverse impacts to the organization. Attendees will leave this highly informative seminar with an inventory of the key risks in these critical areas and the requisite audit knowledge to address each one.

 


Potential CPE Credits: 16.0
Govt Hours: This class meets 16.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 16.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: 02 Auditing

Course Objectives

Upon completion of this course, participants will be able to:

·         Understand key progressive technologies

·         Understand the definition of a disruptive technology and associated risks

·         Identify risks in AI, bots, automation, and blockchain technologies

 

1. Defining Artificial Intelligence (AI) and Related Sciences
what agile auditing means
defining disruptive innovation and what it means

2. Cognitive Automation 
the key things that must be done to make it successful 
auditing the six steps to success-are they done, if not, why not?
the most critical risk areas and what to audit for in each
establishing baseline metrics to determine your degree of success

3. Disruptive Technologies (DT) – The Audit and Risk Issues
defining what disruptive technologies are
examples of disruptive technologies 
common business practices that are being impacted by DT
major risks that need to be considered when embracing these strategies

4. Blockchain 
some fundamental risks that are associated with these practices
how would you risk-assess the use of these techniques? 

what are the major audit concerns that warrant consideration?

5. Risk Assessing and Auditing AI
areas of critical audit involvement
key points of knowledge that auditors must be aware of regarding AI
key risks that must be considered in utilizing AI
what types of mitigation techniques must be in place to prevent significant undesirable impacts 
what the organization needs to know to protect its interests

6. Risk Assessing and Auditing Bots
understanding the risks and exposures that can be created 
ensuring that the organization understands the specific purposes for which they are being employed
creating an inventory of types of bots and how they are employed
creating an effective audit process for all AI-related activities

 


Prerequisites

Basic Internal Audit experience or training.

 

Government Hours: 4.23(k)


Instructors

Greg Duckert

Greg Duckert is the Founder of Virtual Governance Institute LLC and is a Senior Consultant for MIS Training Institute. Mr. Duckert is an internationally recognized expert in the field of Enterprise Risk management. He is the author of the Wiley publication Practical Enterprise Risk Management: A Business Process Approach. He is Certified in Risk Management Assurance, Certified in Risk and Information Systems Control, a Certified Public Accountant, a Certified Information Systems Auditor, and is a Certified Internal Auditor. Mr. Duckert was educated at the University of Wisconsin - Madison and obtained an MBA in Accounting in 1989, a BBA in Accounting in 1978, and a BA in Economics in 1971. He specializes in consulting with major organizations regarding progressive Twenty-First Century methodologies for the construction of data centric enterprise risk assessment and management models including Financial, Operational, Regulatory, and IT areas of concern that yield high business value. He also consults with his clients in all areas of ERM, as well as auditing including continuous audit / consulting platforms.

Mr. Duckert is the sole developer and owner of a proprietary approach to risk assessment and management that is applied to both ERM and to enterprise risk data centric risk methodologies for Internal Auditing for organizations of all sizes. During 2012 he worked closely with the General Director - Global Automotive Audit & International Dealer Audit and the General Auditor and Chief Risk Officer of General Motors Corporation in transitioning to his proprietary audit approach known as ORCA™ (Outcome-Risk Centric Auditing). He is currently under contract with a major organization with revenues exceeding the multi-billion $ threshold to build risk based audit and ERM data centric models using his proprietary approaches. In addition, in depth hands on consulting is also performed in the areas of operational analysis and process improvement methodologies. He has developed extensive risk assessment metric inventories for evaluating risks in all organizational areas including operations, IT application systems, IT operations, regulatory and financial areas. Mr. Duckert has addressed the Permanent Undersecretary for Military Affairs of Parliament and the Defense Audit Board of the Ministry of Defense – United Kingdom on the subject matter of creating a risk based business approach to governmental oversight. He is involved in the building of or consulting on the creation of Data Centric Risk Assessment and Management models on an ongoing basis. He conducts seminars and workshops on a global basis and is a frequent speaker at conferences in his areas of expertise.

Mr. Duckert has been engaged in the professional practice of Internal Auditing and Risk Assessment and Management for over 35 years. He founded the Internal Audit function of a Fortune 500 corporation at the age of 27 and built the audit department from non-existence to a highly competent Financial, Operational, Information Technology and Regulatory audit div class="aboutText". He was also the General Auditor and Chief Audit Executive at two other major organizations. The audit positions were in the Manufacturing and Health Care industries. His work in Risk Assessment and Management spans virtually all key industry types.


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.


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