Regional Audit Conference 2011 Professional Scepticism: raising the bar! The Meydan Grandstand 22 nd and 23 rd November 2011, Dubai, UAE Conference Day 1 Tuesday 22 nd November 2011 Timing 08:15 09:15 Registration and Coffee 09:15 Opening of the second regional audit conference on Professional Scepticism: raising the bar! 09:15 09:20 Moderar s Opening Remarks Mark McGinness Direcr - International Relations 09:20 09:30 Welcome Address H.E Abdulla M Saleh Governor DIFC 09:30 10:00 Opening Remarks H.E Yaser Abdalla Amiri Direcr General Financial Audit Department Member of the Executive Council Government of Dubai 10:00 10:45 Session 1: Key Note Address Paul M Koster 10:45 11:15 Refreshment Break 11:15 12:00 Session 2: Interactive Panel Debate: Professional Scepticism an Industry viewpoint Paul Koster Ashish Dave Executive Direcr Abraaj Capital Limited Brian Walsh Member International Ethics Standards Board for Accountants Surya Subramanian CFO Emirates NBD Bernadette Allinson Board Legal Advisor and Company Secretary DP World Limited Page 1 of 7
Timing 12:00 12:20 Session 3A: Professional Scepticism and the Public Interest: Who does the audir serve? Dr. Oussama Tabbara, DBA, CPA Founder, Chairman and Managing Direcr, Usamah Tabbarah Co Nexia International 12:20 12:45 Session 3B: Professional Scepticism and the Public Interest: Who does the audir serve? Dr. Sawsan Saadi Halbouni Assistant Professor University of Sharjah 12:45 13:30 Session 4: Interactive Panel Debate: Lesson from crisis: a Big4 perspective Richard Dean Business Journalist and Media Consultant Arabian Radio Network Anis Sadek Office Managing Deloitte Touche M.E. Joe Murphy Managing Ernst Young, Dubai Douglas Mahony UAE Assurance Leader PwC Andrew Robinson KPMG 13:30 14:30 Conference Luncheon 14:30 15:15 Session 5: Key Note Address - Ethical Considerations for Accountants Brian Walsh Member International Ethics Standards Board for Accountants 15:15 15:45 Session 6: Introduction the DFSA Layla AlSuwaidi Manager Supervision 15:45 16:15 Refreshment Break 16:15 17:15 Session 7: Power Session Financial Instruments Gavin Aspden, FCA Direcr, Qualifications ICAEW Page 2 of 7
Timing 17:15 17:30 Day 1 Closing Remarks Matt Gamble Direcr, Head of Anti-Money Laundering, Supervision 18:00 20:00 Cocktail Reception 20:00 Close of Day 1 Page 3 of 7
Conference Day 2 Wednesday 23rd November 2011 Timing 08:30 09:15 Morning Refreshments 09:15 09:20 Day 2 Opening Remarks Mark McGinness Direcr - International Relations 09:20 09:55 Session 8: Key Note Address George Botic Deputy Direcr, Division of Registration and Inspections Public Company Accounting Oversight Board 09:55 10:45 Session 9: Interactive Panel Debate: Auditing in small business environment challenges and development Stuart Dunlop Head ACCA Middle East Graham Martins Managing PKF Accountants Business Advisors Ahmed M Ali Maqtari Managing Al Maqtari Auditing Gerard Rahman Head of Assurance Services BDO Chartered Accountants Advisors Samir Bitar Mazars Chartered Accountants 10:45 11:10 Refreshment Break 11:10 11:55 Session 10: Interactive Panel Debate: Role of Regulars in enhancing the Professional Scepticism of audirs Malcolm Taylor Arabian Radio Network Paul Koster George Botic Deputy Direcr, Division of Registration and Inspections Public Company Accounting Oversight Board Brian Walsh Member International Ethics Standards Board for Accountants Dr Obaid Saif Al Zaabi Direcr of Research Development Securities and Commodities Authority 11:55 12:25 Session 11: DFSA Approach Audit Moniring and Supervision Key Statistics from 2008-2010 Audit Moniring and Supervision Program Matt Gamble Direcr, Head of Anti-Money Laundering, Supervision Page 4 of 7
Timing 12:25 13:10 Session 12: Power Session Where next for IFRS? Gavin Aspden, FCA Direcr, Qualifications ICAEW 13:10 13:20 Conference Closing Remarks Paul M Koster 13:20 14:20 Conference Luncheon 14:20 17:30 Workshops For pre-registered delegates only 14:20 17:30 14:20 16:30 14:20 16:30 Workshop 1a and 1b Clarified ISAs Please see the details on Page 6 7 Workshop 2 Anti - Money Laundering and Audirs Role Michael Wong Mahmoud Abu-Sharkh Stephen Albrecht Workshop 3 Audit quality lessons learned from audit supervision George Botic Deputy Direcr, Division of Registration and Inspections Public Company Accounting Oversight Board Santina Rocca Senior Advisor, Division of Registration and Inspections Public Company Accounting Oversight Board Naweed Lalani Dubai Financial Services Authority 17:30 Close of Day 2 Close of Conference Page 5 of 7
Workshop on Clarified ISAs 1A Time Session Topic Presenter 14:20 A ISA 320 Materiality in planning and performing an audit ISA 450 Evaluation of misstatements identified during an audit. Andrew Robinson Akil Vanthliwala Audit Direcr KPMG LLP 15:50 B ISA 505 External confirmations ISA 540 Auditing accounting estimates, including fair value accounting estimates and related disclosures ISA 550 Related parties. Austin Rudman Sanjay Khaira Senior Direcr Ernst Young Middle East 10 Minute comfort break 16:00 C ISA 705 Modifications opinions in the independent audir s report ISA 706 Emphasis of matter paragraphs and other matter paragraphs in the independent audir s report. Vincent Snijders Principal Jude Rodrigues Deloitte Touche (M.E.) 17:30 D ISA 260 Communication with those charged with governance ISA 265 Communicating deficiencies in internal control those charged with governance Padmini Priyadarshini Azeem Khan PwC Page 6 of 7
Workshop on Clarified ISAs 1B Time Session Topic Presenter 14:20 A ISA 705 Modifications opinions in the independent audir s report ISA 706 Emphasis of matter paragraphs and other matter paragraphs in the independent audir s report. Vincent Snijders Principal Jude Rodrigues Deloitte Touche (M.E.) 15:50 B ISA 260 Communication with those charged with governance ISA 265 Communicating deficiencies in internal control those charged with governance Padmini Priyadarshini Azeem Khan PwC 10 Minute comfort break 16:00 C ISA 320 Materiality in planning and performing an audit ISA 450 Evaluation of misstatements identified during an audit. Andrew Robinson Akil Vanthliwala Audit Direcr KPMG LLP 17:30 D ISA 505 External confirmations ISA 540 Auditing accounting estimates, including fair value accounting estimates and related disclosures ISA 550 Related parties. Austin Rudman Sanjay Khaira Senior Direcr Ernst Young Middle East Page 7 of 7