Value Addition beyond Assurance

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Vadodara Audit Club www.iiavadodara.org
Value Addition beyond Assurance 2012 Annual
Conference Saturday, 12th May 2012 Hotel Surya
Palace Vadodara
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Vadodara Audit Club (VAC)
• The Institute of Internal Auditors is a
  well-known institute with dynamic leadership,
  educating best practices for global profession of
  internal auditing, risk management and corporate
  governance. It operates in over 140 countries
  through network of Chapters and Audit Clubs. VAC
  is one of such clubs associated through IIA -
  Indias Bombay Chapter. VAC was awarded formal
  recognition on 12th of May 2010. It is the only
  presence of IIA in Gujarat, a focal point of all
  knowledge sharing events related to Internal
  Audit.
• VAC puts all efforts into demystifying the word
  "Internal Audit", from being perceived as purely
  a post facto activity that circles in and around
  accounting to a powerful, highly useful tool used
  for business health checks. Internal Audit's
  endeavor is in partnering to evaluate business
  strategy, monitor it through appropriate controls
  and formulate frameworks, thereby instilling best
  practices in Corporate Governance.
• VAC presented many programs/seminars, regularly
  throughout the last two years. For instance,
  Auditing P2P (Purchase to Pay) Business Process,
  Changing role of Auditor, Risk Based Internal
  Audit An Exercise, Effective Audit Report
  Writing, Digital Forensics A Snapshot,
  Reviewing Fixed Assets and Capitalization,
  Building Competencies for SMEs, Point of
  Taxation Rules, etc. The club continued to
  increase its members base, (over 125 as on date
  equally distributed between industries and audit
  firms).
• VAC also shares responsibility for editing and
  publishing Internal Audit Sphere a bi-monthly
  magazine of IIA India. Download a copy from
  www.iiavadodara.org/iasphere.pdf. You may like to
  know more about VAC at www.iiavadodara.org.

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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• About IIA, India
• The Institute of Internal Auditors India is
  affiliated to its parent body in Florida, USA
  which provides Internal Auditing Practitioners,
  Executive Management, Board of Directors with
  standards, guidance and information on best
  practices. The Institute also conducts the
  Certified Internal Auditor examination, which is
  the hallmark of excellence in internal auditing
  worldwide.
• The IIA-India has six chapters - Bangalore,
  Bombay, Calcutta, Delhi, Hyderabad and Madras -
  and conducts seminars, workshops and conferences
  on a regular basis as also the CIA examination in
  all chapter locations.
• About IIA Inc., USA
• Established in 1941, The Institute of Internal
  Auditors (IIA) is an international professional
  association with global headquarters in Altamonte
  Springs, Florida, USA.
• The IIA is the internal audit profession's global
  voice, recognized authority, acknowledged leader,
  chief advocate, and principal educator.
  Generally, members work in internal auditing,
  risk management, governance, internal control,
  information technology audit, education, and
  security.

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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• The Annual Conference of VAC
• On completion of its second successful year,
  Vadodara Audit Club (VAC) is delighted to
  announce its 2012 Annual Conference Value
  Addition beyond Assurance.
• The theme of 2012 conference Value Addition
  beyond Assurance is designed to showcase, both
  to the professionals and those in charge of the
  governance, areas where internal auditors can
  catalyze with management in adding value over the
  assurance they provide.
• In line with our 2011 annual event, which
  witnessed over 135 participants, we anticipate
  over 150 professionals from various industries as
  well as audit firms mainly from Gujarat. It will
  attract CEOs, CFOs, IT Heads, Independent
  Directors, Audit Managers and their Technical
  Staff, apart from leading Consultants working
  across many industrial sectors.

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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Conference

900 am Registration, Tea and Networking
930 am Opening Remarks Mr. Anil Bhandari President, IIA India Council
945 am Keynote Address
1000 am Panel Discussion Power Efficiency Role of Internal Audits in Optimising Energy Usage Moderator Dr. H. B. Patel CFO, Gujarat Alkalies Chemicals Ltd. Dr. B. G. Desai Founder Chairman, Devki Energy Consultancy Pvt. Ltd. Lt. Col. (Retd.) Shankar Gurkha CIO, Gujarat Industries Power Co. Ltd. Mr. N. M. Mohnot Managing Director, Steelco Gujarat Ltd.
1130 am Tea and Networking
1145 am Case Studies Best Practices in Risk Management Mr. N. G. Shankar President, Corporate Audit, Aditya Birla Group
1230 pm Forensic and Fraud Detection Mr. Haresh Joshi Senior Manager, Spectra Management Consultancy
0130 pm Lunch
0230 pm It Takes Two To Tango Behavioral Dynamics in Internal Audit Mr. Arvind Nadkarni Director, The Silent Message
0345 pm Tea and Networking
0400 pm Panel Discussion Why do your HR processes need Internal Audit? Moderator Mr. Maulik Mehta Director, Infinity Consultants Ltd. Mr. Y V S Sravankumar CFO, L T Power Mr. S. K. Raijada President Corporate HR and Mgt. Services, Piramal Glass Ltd. Mr. A. P. Singh Mentor, Past President Baroda Management Association Mr. Yashwant Singh Pawar HR Head, Apollo Tyres Ltd.
0530 pm Concluding Remarks
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara
Session 1 Panel Discussion Power Efficiency
Role of Internal Audits in Optimising Energy
Usage Time 1000 AM Rising Power costs and
uncertainty over the supply have led to 
increased focus on power costs. The panel
discussion shall touch base with key aspects of
power sector ranging from feasibility studies to
complexities in distribution and the role audit
can play in these processes.  Panelists shall
throw light on key risks in the sector and how
various companies have gone about mitigating the
same.
Session 2 Best Practices in Risk Management
N. G. Shankar Time 1145 AM This session deals
with risk frameworks, concepts , good practices.
It will enable an understanding of how effective
risk management  contributes to the achievement
of business objectives and goals.  As an
evolving discipline, Enterprise Risk
Management has many approaches and definitions.
It facilitates a robust risk awareness culture,
an optimal risk-return profile and protection of
the capital base of the company, through informed
decision making practices. Thus, it promotes
business stability, performance and
profitability.
Session 3 Forensic and Fraud Detection Haresh
Joshi Time 1230 PM The session focuses on the
need for Fraud Detection in todays scenario with
an understanding of Forensic and Fraud Detection,
Fraud Symptoms Fraud Response Plan. It will
also capture investigation techniques, dos and
donts of investigation and legal recourse in
various fraud scenarios.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara
Session 4 It Takes Two To Tango Behavioral
Dynamics in Internal Audit Mr. Arvind
Nadkarni Time 230 PM It Takes Two to Tango is
a common expression. It suggests something in
which two people are paired in an inextricable
and active relationship. Occasionally it could
even have negative connotations. The phrase
recognizes that there are certain activities
which cannot be achieved singly -- like
discussing, convincing, arguing or fighting. By
definition, the expression includes any situation
in which two partners are essential. Auditors
have a great responsibility evaluate the
reliability, credibility, relevance, and
timeliness of information in order to improve the
quality of information for decision
makers. Hence, they need to know How to dance
the Tango The Relationship Tango.
Session 5 Panel Discussion Why do your HR
processes need Internal Audit? Time 400 PM In
challenging times, Human Resource Processes are
key to Organisational Stability Survival. The
panelists will be deliberating on how Internal
Audit can help management in improving on areas
in HR which is above timekeeping and payroll
processing . Matured HR process like succession
planning and social media management will be
discussed at length.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

9.30 AM Opening Remarks
Mr. Anil Bhandari President IIA India A
qualified Chartered Accountant and a Certified
Internal Auditor with a Diploma in Information
System Audit, Mr. Anil Bhandari started his
practice in 1998 in the emerging field of
management audits, systems audits and assurance
services. Mr. Anil Bhandari is currently the
Director of ANB Consulting Co. Pvt. Ltd. and
heads its Assurance Vertical. Additionally, Mr.
Bhandari provides independent advisory to various
Indian Regulatory Authorities. Mr. Bhandari is a
very active member of the The Institute of
Internal Auditors, Inc, Florida. He has, also,
had the privilege of being the member of the
International Advance Technology Committee (ATC)
of The IIA, Inc.
10.00 AM Session 1 Panel Discussion
Dr. H. B. Patel CFO, Gujarat Alkalies Chemicals
Ltd. A qualified Chartered Accountant and Post
Graduate in Commence, Dr. Patel did his Doctorate
in Infrastructure Finance in 2005. He has more
than 25 years of experience in different facets
of Financial Operations and Executive
Management. He is a member of Association of
Finance Professionals of India (AFPI). He is,
also, associated with majority of the
Universities in Commerce and Management Education
in Gujarat He has, also, been conferred with the
best CFO Manufacturing Sector award at the ICAI
Awards 2011.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

Lt. Col. (Retd.) Shankar Gurkha CIO, Gujarat
Industries Power Company Ltd. A Mechanical
Engineer by discipline, Mr. Gurkha has
successfully designed and built enterprise wide
IT Architecture which includes SAP, ERP, Data
Centre, Disaster Recovery, WAN Internet
Connectivity and various legacy application
contributing immensely towards business growth at
GIPCL. Prior to GIPCL, he was associated with
Electronics and Mechanical Engineering service of
Indian Army. During his tenure with defense
industry, he contributed immensely in the field
of Engineering Services, ERP, Information
Technology Management and Simulation. He was
awarded Army Commanders Commendation Card for
professional excellence on 15 Aug 1998 besides
winning three Distinguished Service medals. He
is very active speaker in various forum of
Information Technology and contributes actively
in leading IT Publishing.
Dr. B. G. Desai Founder Chairman, Devki Energy
Consultancy Pvt. Ltd. An Electrical Engineer by
discipline, Dr. Desai is Doctorate in Electrical
Engineering from IIT Bombay. He has been a
faculty member of IIT Bombay from 1963 to 1968.
He has, also, served as R D Manager at Jyoti
Ltd. from 1969 to 1975. He is, also, the Founder
Chairman of Devki Energy Consultancy Pvt. Ltd.
Dr. Desai has been associated with Energy Audit
Training Programmes from 1975-2005. He has, also,
served as the Editor of Electricity Conservation
quarterly. He is Life senior member of IEEE.
Presently, he is involved in Research and
Promotion of Energy Conservation.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

Mr. N. M. Mohnot Managing Director, Steelco
Gujarat Ltd. A qualified Chartered Accountant
and Graduate in Science with more than 30 years
of diverse experience in various industries in
India and Overseas. Since last 15 years, he is
associated with Steelco Gujarat Limited (SGL),
Vadodara and presently working as Managing
Director of the Company. Prior to Steelco, he
has worked with various companies at different
levels of Management in India and Overseas. His
area of expertise include financial appraisal and
restructuring.
11.45 AM Session 2 Best Practices in Risk
Management
Mr. N. G. Shankar President - Corporate Audit
Function, Aditya Birla Group Mr. N. G. Shankar
graduated in Economics and qualified as Chartered
Accountant and is, also, a CIA and CISA. He
joined the Aditya Birla group in 2001 as Head of
Corporate Audit function and has responsibility
for internal audit activity for diverse
businesses of the group. Out of a overall work
experience of 30 years in Mumbai and Delhi, Mr.
Shankar, also, had exposure to accounting,
treasury and corporate finance functions
primarily in Chemical Pharma Sectors.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

12.30 PM Session 3 Forensic and Fraud
Detection

• Mr. Haresh Joshi
• Senior Manager, Spectra Management Consultancy
• A qualified Chartered Accountant and an astute
  forensic professional, Mr. Joshi has over eight
  years of experience in the field of fraud risk
  assessments, corporate fraud investigations and
  compliance.
• Mr. Joshi leads the forensic team at Spectra
  Management Consultancy. He excels in detective
  forensics and has conducted very peculiar and
  sensitive cases of white collar crime
  investigations across industries including
  renewable energy, cement, pharmaceutical,
  telecom, insurance, shipping, logistics and ITES
  to name a few.

2.30 PM Session 4 Behavioral Dynamics in
Internal Audit
Mr. Arvind Nadkarni Director, The Silent
Message A Mechanical and an Industrial Engineer
by discipline, Mr. Nadkarni is involved in people
development since 1990. With a smooth blend of
Western Psychology, Medicine and Indian Shastras,
he focuses on how communication alleviates
problems of Stress and Heart deterioration. Mr.
Nadkarni conducts workshops for all levels and
functions at several Private, Public and
Multinational Organizations. Mr. Nadkarni is
Ex-member of the IFTDO International Federation
of Training Development Orgnisation, Life
member of the ISTD Indian Society for Training
Development and Life member of the BMA
Bombay Management Association.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

4.00 PM Session 5 Panel Discussion

• Mr. Maulik Mehta
• Director, Infinity Consultants Limited
• A qualified Chartered Accountant and Cost
  Accountant, Mr. Mehta is the Chief Executive of
  Infinity Consultants Ltd. He is currently the
  Chairman of the Central Gujarat Zonal Council of
  the Confederation of Indian Industry (CII).
• He has an experience of more than 20 years in
  handling National and International Consulting
  Assignments covering a range of Industries. His
  areas of Specialization include, Strategy
  Formulation, Financial Restructuring, Mergers
  Acquisitions, Design Development of Information
  Systems, amongst others.
• He is a man of varied interests and was also the
  Associate Producer of a movie called, Road,
  Movie which had an international crew and was
  produced by an Academy-award nominee, Ross Katz.

Mr. Y V S Sravankumar CFO, L T Power A
Chartered Accountant, Cost Accountant and a
Company Secretary by Qualification, his career
spans over 28 years in the industry. A large
part of this has been spent in Larsen Toubro,
where he has held various senior positions at FA
functions both in Corporate offices and Business
groups. Currently, Mr. Sravankumar holds Board
positions in two major Joint ventures of EPC
Power business. He has a strong management
orientation and a passion to understand H.R
issues. He firmly believes in knowledge base in
varied areas for effective executive performance.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

Mr. S. K. Raijada President - Corporate HR and
Management Services, Piramal Glass Ltd. A Post
Graduate from M. S. University of Baroda, he has
more than 30 years of experience in varied
industries. Under his astute leadership, Piramal
Glass Ltd. was awarded Global HR Excellence
Award 2010 by Asia Pacific HRM Congress in
September 2010. He created history by winning
Award for Best HR Strategy in line with
Business for Piramal Glass Ltd. at 2nd Asias
Best Employer Brand Award at Singapore in July
2011, probably the only Organisation from Gujarat
State. Mr. Raijada is regarded as one of the
top 100 successful HR Managers in India. He had a
distinction of becoming one of the youngest Vice
President HR with Reliance Industries Limited,
Jamnagar. He is one of the most sought after
speaker at various forums across India and has
represented many national and international
bodies at various locations across the globe.
Mr. A. P. Singh Mentor, Past President - Baroda
Management Association An IIM-A alumnus, rose
from the first level executive to the top
management levels and made significant
contributions to RIL (formerly Indian
Petrochemicals Corporation Ltd), his last
position being Senior Vice President (HR). He is
presently pursuing his Doctoral Thesis in
Meaning of Work. He is the chairman of Regional
Committee of Central Board of Workers' Education
and is associated with several professional
bodies including Baroda Management Association.
During his president's tenure in BMA, the
association received Best New Emerging
Association Award.
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara

• Eminent Speakers

Mr. Yashwant Singh Pawar HR Head, Apollo Tyres
Ltd. A Post Graduate in Social Work, Diploma in
HRD and Law graduate, he has more than 35 years
of diverse experience in Industrial Relations,
Human Resources, Training and PR in reputed MNCs
and Indian Companies. Mr. Pawar is an
Executive Committee Member of Panchmahal
Federation of Industries and All India
Organization of Employer, a Governing Board
Member of Gujarat Employers Organization, an
Action Committee Member of Labour Reforms,
Chairman of Council for HR Studies
Organizational Structure constituted by Gujarat
Technology University and a Faculty member of PG
Courses Training Faculty to Professional
Associations.  He has, also, undertaken various
international training programmes at Japan,
Thailand, Bangladesh, Hong Kong and Austria.
Join the IIA India Be part of an ever
increasing influential community
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2012 Annual ConferenceSaturday 12th May
2012Hotel Surya Palace Vadodara
Registration Fees
IIA Members Non-IIA Members
Registration Fees INR 600/- INR 700/-
Single Registrations (3 or more) Per Person 10 Discount 10 Discount
Single Registrations (5 or more) Per Person 15 Discount 15 Discount
Foreign Registrants US 25 US 25
Please draw the Bank DRAFT or Local CHEQUE in
favour of The Institute of Internal Auditors,
India - Bombay Chapter Payments are due at the
time of registration. If payment is not received
prior to start of event, IIA reserves the right
to deny entry. Cancellations are not permitted,
however, we welcome your registration to be
utilized by a colleague.
Registration Points
Contact Address Contact Points Contact Points
Vadodara Audit Club, IIA India Bombay Chapter, E-8, Avishkar Complex, Old Padra Road, Vadodara. Vadodara Vadodara
Vadodara Audit Club, IIA India Bombay Chapter, E-8, Avishkar Complex, Old Padra Road, Vadodara. Ms. Vaishali 91 265 - 2350644
Vadodara Audit Club, IIA India Bombay Chapter, E-8, Avishkar Complex, Old Padra Road, Vadodara. Ms. Divya 91 265 - 2327672
Email iia.vadodara_at_gmail.com Mumbai Mumbai
Web www.iiavadodara.org Ms. Sweta 91 22 - 67103351