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 Six Sigma for Auditors

 
8/23/2013 8:00 AM
8/23/2013 4:30 PM
Gleacher Center, 450 N. City Front Plaza, Chicago IL |  
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Fees

Members $150
Non-Members $200

Summary

This Introduction to Six Sigma for Auditors workshop provides a hands-on opportunity for auditors to learn and apply Six Sigma tools to their existing audit work. Six Sigma tools enable quantitative approaches to scoping, planning, testing, and continuous monitoring of risk. Participants will gain a broad understanding of several essential Six Sigma tools, as well as an effective manner to present their quantitatively supported findings in the context of audit work. This session is highly practical, focused on tool application and interpretation. The facilitator, Ken Ramaley, is an experienced Six Sigma Master Black Belt and a Certified Internal Auditor. Ken holds a US Patent for advanced statistical sampling methodologies based on Six Sigma principles.

This session is designed for:
Audit practitioners at all levels from junior auditor to general auditor. Tool applications will be discussed across the audit function from individual review planning to annual audit coverage plans.

No prior background in Six Sigma is required. 
 
Cancellation Policy applies.  See details below. 
 

Session Agenda

I.Six Sigma Overview
II.Process Mapping – scoping audits
III.Failure Modes/Effects Analysis – applying process maps to audit testing
IV.Root Cause Analysis –  test design
V.Hypothesis Testing – test design
VI.Sampling Adequacy – test efficiency
VII.Special Test Approaches – MSA (Measurement Systems Analysis)  / DOE (Design of Experiments)
VIII.Control Charts – continuous surveillance testing
IX.Limits of Six Sigma for Auditors
 
Session Schedule:
 
7:30 am - 8:00 am                     Open Registration & Continental Breakfast
8:00 am - 10:00 am                   Presentation
10:00 am- 10:10 am                  Refreshment Break
10:10 am - 12:00 pm                 Presentation
12:00 pm – 12:30 pm                Lunch  (North Lounge)
12:30 pm -1:15 pm                    Lunch Presentation
1:15 pm -3:00 pm                     Presentation
3:00 pm- 3:10 pm                     Refreshment  Break
3:10 pm- 4:30 pm                     Presentation
 
 
Lunch presentation by Joe Oringel: Data Mining and Critical Thinking
 

Speakers

Ken Ramalay is the Managing Director of Ramaley Group.  He is an experienced risk management professional with over 15 years of experience in Risk Management and advanced analytics. He holds the CIA and CRMA certifications and has worked extensively in application of analytical methods to the audit function, leveraging his experience as a Six Sigma Master Black Belt.  Ken holds a patent for advanced audit sampling methodology and launched a highly-effective automated audit testing practice in the financial services industry.  Ken holds an undergraduate degree in Mathematics from Brown University, and an MBA from the University of Chicago in Finance and General Management.
 
Joe Oringel is a CPA and CIA with twenty years of experience in internal auditing, fraud detection and forensics. He has over ten years of Big 4 external audit, internal audit, and risk advisory experience, prior to helping found Visual Risk IQ.  His corporate experience includes information security, internal auditing, and risk and control for companies in highly regulated industries.
 
Joe and his business partner Kim Jones left PwC in 2006 to start Visual Risk IQ, where they help large, complex organizations take advantage of new technologies for continuous auditing, continuous monitoring, visual reporting and risk-focused data analysis.
 
Joe is a frequent speaker and author about continuous auditing, data analysis, cloud computing, and social media, and has presented similar topics at MISTI¹s SuperStrategies, the IIA¹s Governance Risk and Compliance Conference, and numerous Chapter and District Conferences around the country. His book "Effective Auditing for Corporates" was published by Bloomsbury and is available on Amazon at the following link . 
 

Program Information

Program Level:      Intermediate
Instruction Method:      Seminar
Pre-requisites Required:      None
Advanced Preparation:      None

NASBA Statement

For more information regarding administrative policies such as complaint, cancellation and refund, please contact our offices at 312-642-4000. There is no additional fee for cancellation of your registration if you are unable to attend.
The Chicago Chapter of the IIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Cancellation Policy

Requests for cancellation must be made in writing to registrar@iiachicago.com prior to 12:00pm noon on August 16, 2013.  Registered participants who give a cancellation notice after the deadline, or who do not attend the event, will be charged the full price of the event. This policy is based on the fact that the Chapter contracts for costs (meeting space, speakers, catering, etc.) to present its events.  The Chapter is required to pay for these costs whether or not the registered participant attends the event.