Risk Beyond the Borders: Compliance with the Foreign Corrupt Practices Act (FCPA) and the Conflict Minerals Section of the Dodd-Frank Act
Presentation with Happy Hour to Follow
CPE: 1 hour
· 1-hour CPE
· Trustee/Officer Elections for the 2013-2014 Chapter Year
Donald R. Owens, CPA, CFF, CIA, CFSA, CBA, CRMA, Shareholder/Partner, Internal Audit and Risk Advisory Services, Schneider Downs & Co., Inc.
The Foreign Corrupt Practices Act
· What is Covered and What is Expected of Companies? –Obtain an understanding of the law and the regulatory and legal requirements expected of your company.
· Compliance Practices – Understand the ingredients of an effective compliance and ethics program.
· Overview of Similar Regulations in Foreign Countries – Understand the interconnectivity of similar laws in other countries and how they impact your compliance initiatives.
· Penalties for Violation – Using case studies, understand the impact of violations to companies.
· What Are Conflict Minerals? – Obtain an understanding of what and where are conflict minerals, including commonly used terms and phrases.
· Understanding Section 1502 of the Dodd-Frank Act – Understand the relevant section of the Dodd-Frank Act and its applicability to SEC-issuers.
· Determine Your Exposure to Conflict Minerals, including:
o Determining whether your manufactured products contain conflict minerals that subject you to the requirements of Dodd–Frank Section 1502.
o Determining whether the identified conflict minerals originated in the “Covered Countries”.
· Disclosures – Understand the requirements to exercise due diligence on the source and chain of custody of your conflict minerals based on a nationally or internationally recognized due diligence framework.
· Independent Audit Report – Understand the requirements and nuances of filing the “Conflict Minerals Report”.
Don is a shareholder in Schneider Downs’ Internal Audit and Risk Advisory Services practice. His career spans more than 28 years in the profession. Don delivers SAS 70/SSAE 16 audit, internal audit, Sarbanes-Oxley, forensic and other relevant risk mitigation services (enterprise-wide risk and fraud risk assessments, process improvement reviews, etc.) to clients including government, non-profit, public and private entities. In addition to client service, Don performs research on the profession and its standards and authoritative materials and advises the practice on matters critical to its services. He also conducts training seminars on the topic addressing effective risk mitigation for professional organizations and clients.
Prior to joining Schneider Downs, Don worked for a regional home builder where he headed the corporate risk management function and had direct responsibility for evaluating all business unit practices. For a span of several years, he was with the advisory services practice of PricewaterhouseCoopers where, having risen to director in the practice, had responsibility for managing national and multinational internal audit engagements. Don began his internal audit career at PNC Financial Services in Pittsburgh in 1986 continuing with PNC for 12 years. Don is a graduate of California University of PA where he graduated with honors and received his degree in Accounting. He is also very active in several professional organizations, including:
· Member, Past President and Current Board of Trustee – Central Ohio Chapter of The Institute of Internal Auditors
· Member - American and Pennsylvania Institutes of Certified Public Accountants,
· Member - The Ohio Society of Certified Public Accountants
· Member - Risk Management Association
· Member - Association of Certified Fraud Examiners
· Member - Bank Administration Institute