Vadodara Audit Club
www.iiavadodara.org
Value Addition beyond Assurance
2012 – Annual Conference
Saturday, 12th May 2012
Hotel Surya Palace – Vadodara
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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 - India’s 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 bimonthly 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel Surya Palace – Vadodara
Conference
9:00 am
Registration, Tea and Networking
9:30 am
Opening Remarks
Mr. Anil Bhandari – President, IIA India Council
9:45 am
Keynote Address
10:00 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.
11:30 am
Tea and Networking
11:45 am
Case Studies – Best Practices in Risk Management
Mr. N. G. Shankar – President, Corporate Audit, Aditya Birla Group
12:30 pm
Forensic and Fraud Detection
Mr. Haresh Joshi – Senior Manager, Spectra Management Consultancy
01:30 pm
Lunch
02:30 pm
It Takes Two To Tango – Behavioral Dynamics in Internal Audit
Mr. Arvind Nadkarni – Director, The Silent Message
03:45 pm
Tea and Networking
04:00 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.
05:30 pm
Concluding Remarks
2012 – Annual Conference
Saturday 12th May 2012
Hotel Surya Palace – Vadodara
Session 1: Panel Discussion – Power Efficiency – Role of Internal Audits
in Optimising Energy Usage
Time: 10:00 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: 11:45 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: 12:30 PM
The session focuses on the need for Fraud Detection in today’s scenario with an
understanding of Forensic and Fraud Detection, Fraud Symptoms & Fraud
Response Plan. It will also capture investigation techniques, do’s and don’ts of
investigation and legal recourse in various fraud scenarios.
2012 – Annual Conference
Saturday 12th May 2012
Hotel Surya Palace – Vadodara
Session 4: It Takes Two To Tango – Behavioral Dynamics in Internal
Audit – Mr. Arvind Nadkarni
Time: 2:30 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: 4:00 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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 Commander’s 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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 F&A 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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 Asia’s 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.
2012 – Annual Conference
Saturday 12th May 2012
Hotel 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
2012 – Annual Conference
Saturday 12th May 2012
Hotel Surya Palace – Vadodara
Registration Fees
Registration Fees
Single Registrations (3 or more) Per Person
Single Registrations (5 or more) Per Person
Foreign Registrants
IIA Members
Non-IIA Members
INR 600/INR 700/10% Discount
15% Discount
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
Vadodara Audit Club,
IIA India – Bombay Chapter,
E-8, Avishkar Complex,
Old Padra Road, Vadodara.
Vadodara:
Email: iia.vadodara@gmail.com
Mumbai:
Web: www.iiavadodara.org
Ms. Sweta
Ms. Vaishali
+91 265 - 2350644
Ms. Divya
+91 265 - 2327672
+91 22 - 67103351