Evolving Audit Technology and Impacts for Audit Committees

Presented on:
October 5, 2020 8:30 AM PT
Duration:
1 hour, 15 minutes
Location:
Online

The audit profession continues to evolve to address the changing landscape of risks impacting community banks and other financial services entities. It’s important for audit and risk committee members to understand the changing risks impacting institutions and lead efforts to address and mitigate them.

Join us for a panel discussion on how evolving audit technology and tools are changing your auditors’ approach and driving towards a more efficient and effective audit—and what these shifts mean for your audit and risk committee responsibilities. The panel will also address the challenges associated with the increasing complexity of accounting standards and expectations of stakeholders related to the speed and accuracy of financial information.

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Speakers

Susan S. Coffey, CPA, CGMA, Executive Vice President—Public Practice, Association of International Certified Professional Accountants

Susan is responsible for the association’s professional activities that support the work of US CPAs who practice in public accounting firms. Sue’s work includes setting strategy for and leading the association’s initiatives related to CPA firm services and practice management; professional standards of practice; financial and integrated reporting; audit, assurance and advisory innovation; integrated tax and financial planning, valuation, and forensic advisory services; audit quality, ethics and practice monitoring; and the Uniform CPA Examination. She leads the association’s strategic priorities to evolve the CPA value proposition and licensure process, transform the financial statement audit, and develop criteria and guidance for business reporting and auditor assurance around non-financial topics, such as sustainability and cybersecurity. She has been recognized as one of the Most Powerful Women in Accounting by the CPA Practice Advisor and on Accounting Today’s Top 100 Most Influential People in Accounting list.

Jason Brodmerkel, CPA, Senior Manager—Accounting Standards, Association of International Certified Professional Accountants

Jason leads the AICPA’s Accounting Standards Team Depository Institutions Expert Panel, and related efforts to provide accounting and auditing guidance on CECL. Specifically, he works with experts in banking and credit unions to help professionals in the US financial reporting system implement standards, and thus serve the public interest. Jason spent his previous career in public accounting as a senior manager with 10 years of public accounting experience in external audit, internal audit, and financial operations management with a focus on depository and lending institutions.

Vanessa Teitelbaum, CPA, Senior Director—Professional Practice, Center for Audit Quality

Vanessa joined the CAQ in 2016 and advocates for stakeholders in the audits of public companies. As an in-house expert and resource on auditing and accounting practice issues, Vanessa leads task forces comprised of audit partners and technical experts from the public company audit profession related to proposed standards and other current issues. In addition, Vanessa leads the CAQ’s efforts to engage with the audit committee community related to audit quality. Vanessa has facilitated the CAQ’s comment letter responses to proposed standards and regulations related to quality management, supervision of other auditors, quarterly reporting, the accelerated filer definition, and independence. Vanessa has over 15 years of audit experience, specialized in SEC financial reporting, technical accounting, and internal control matters.

John Donohue, Partner, Financial Services Practice, Moss Adams

John works with public and private company audit clients, in addition to consulting with clients and engagement teams on technical auditing and accounting matters. In 2012, he completed a two-year fellowship in the Office of the Chief Accountant of the SEC, where his responsibilities included consulting on technical accounting matters and monitoring the FASB’s standard-setting projects. While at the SEC, John also participated in the staff’s IFRS Work Plan, presented to the AICPA Banking Conference, and consulted with other regulators on a variety of topics.

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