Come join us on March 18th, 2005, for the New York Chapter’s 32nd Annual Audit Seminar at Madison Square Garden. This year’s theme is Beyond The Horizon. After registration and acontinental breakfast, a lively panel discussion on Audit Best Practices/ Current Events will bepresented to all. After the panel discussion, attendees will breakout into one of three tracks Operations/ Financial Reporting, Ethics and Fraud Awareness, and Information Technology.

Lunch will be provided buffet style, followed by special lunch speaker Herm Edwards (NY JETS Coach) will be speaking on leadership. Afterwards, the three track format will continue.

Seven Continuing Professional Education credits will be providedfor completing the seminar. We will also provide an exhibitor’s showcase spotlighting tools and services supporting the industry. After the seminar we invite participants to network and socialize at a reception sponsored by participating vendors.

To register for the Annual Audit Seminar, please use the registration form, and send all completed registration forms and payments to:

Adam Stumer, Co-Chair
NYSE
8th Floor
New York Stock Exchange
20 Broad Street

For questions or comments call the Seminar Co-Chairs: Adam Stumer at 212.656.4687 or John Fitzpatrick at 212.916.4679.

Internal Audit has always been a key function of sound business management. In the aftermath of events leading up to the passage of the Sarbanes-Oxley Act (SOX), corporate governance and Section 404 presents arevised or new challenge to organizations and significantly more reliance on the abilities of Internal Audit. This session will open with Elizabeth Monrad, CFO of TIAA-CREF and then lead to a structured panel discussion on SOX, corporate governance and Internal Audit.

Best Practices/ Current Events in Internal Audit
8:30am - 10:30am

This track will address some of the key internal audit concerns that today’s auditors will face. At this point many companies have either started or completed their first Section 404 assessment. However, the game plan is still evolving. Ed Majkowskiwill provide an update on SOX today and external auditor’s insight into many of the common questions and concerns facing all companies trying to become or stay compliant.

As internal audit responsibilities shift, change and increase, our methods of prioritizing functions and processes and focusing resources need to keep up. Risk Assessment will be a key element in doing that. Join C. Michael Baron in the afternoon as he discusses approaches to Risk Assessment.

11:00am - 12:10pm (#1)
“Sarbanes Oxley Update”
Edward J. Majkowski, Jr., Partner-Ernst & Young

3:00pm - 4:30pm (#2)
“Risk Assessment: Science or Art?”
C. Michael Baron, Protiviti

Never before have business and professional ethics come under such scrutiny. That’s true for the internal audit profession as well. Ron Duska will discuss the ethical issues that affect the profession, and how ethical judgment and professional skepticism play into the decision process for difficult issues. In the afternoon, Richard Lanza will use practical case studies and discuss data analysis concepts and software tools that can be used to help internal auditors identify errors or fraud in a process.

11:00am - 12:10pm (#3)
“The Internal Auditor’s Ethical Dilemma”
Ron Duska PhD, American College

3:00pm - 4:30pm (#4)
“Using Data Mining Techniques to Detect Errors or Fraud”
Richard B. Lanza, President - Cash Recovery Partners, LLC

With an increased reliance in automated business technology, organizations need auditors to have a strong understanding of IT risks and controls. These sessions will provide insight regarding: the role of an auditor during a system implementation initiative, the use of data analysis and automation as a best practice when conducting audits, and 404 compliance and sustainability from an IT perspective.

11:00am - 12:10pm (#5)
“Six Secrets of Superior Technology Implementation”
Carolyn J. Newman, IDEA Data Analysis Software

Luncheon Speaker Herm Edwards

3:00pm - 4:30pm (#6)
“Sustainability of Sarbanes-Oxley 404 Compliance from an IT Perspective”
Glenn Siriano- KPMG

This year we have a special lunch speaker: Herm Edwards (NY JETS Coach) will be speaking on leadership. For all attendees, we will raffle two Jet tickets and five autographed copies of Herm Edwards ' You Play to Win the Game' book.