APRIL 11 - Policy, Audit and Risk - a Fireside Chat with Cindy Fornelli
Los Angeles, CA
Please join us for a thought-provoking breakfast program where we will discuss relevant topics such as:
* Policy & Governance: With the new administration, what should we expect from the SEC and PCAOB? With a likely more deregulatory administration, what should Directors be focused on and where are there opportunities for companies to demonstrate leadership in governance?
* Audit of the Future: What will the audit of the future look like? What is the profession thinking in regards to expanding attestation services around areas such as non-GAAP financial metrics, cyber, and ESG reporting? How is the profession using data analytics and Al as it thinks about the future? And how is the profession building a workforce to meet the demands of the audit of the future?
* Risk Management: What are best practices for handling risk? Should companies have risk committees or should the audit committee lead risk management?
Location and Time
The California Club
538 S. Flower Street
Los Angeles, CA 90017
7:00 a.m. | Check in and Networking
7:30 a.m. | Breakfast and Program
9:00 a.m. | Program End
Cindy FornelliCindy Fornelli is the Executive Director of the Center for Audit Quality (CAQ). The CAQ was founded to serve investors, public company auditors and the markets. Fornelli is responsible for carrying out the mission and vision of the CAQ’s Governing Board, which is comprised of CEOs from eight leading public company auditing firms and the American Institute of CPAs, as well as three independent members from outside the public company auditing profession. Fornelli serves on the Advisory Board of the Ira M. Millstein Center for Global Markets and Corporate Ownership, the Securities and Exchange Commission Historical Society’s Board of Trustees, the Audit & Risk Oversight Committee Advisory Council of the National Association of Corporate Directors (NACD), the Accounting and Auditing Committee of the International Corporate Governance Network, and the Markets Advisory Council of the Council of Institutional Investors. She previously served on the NACD's 2010 Blue Ribbon Commission on the Audit Committee and 2009 Blue Ribbon Commission on Risk Governance. In 2016, Fornelli was named for the eighth time to the NACD Directorship list of the 100 most influential people in corporate governance. Additionally, she has appeared for 10 consecutive years on Accounting Today’s roster of the Top 100 Most Influential People. Prior to becoming the CAQ's Executive Director, Fornelli was the Regulatory and Conflicts Management Executive at Bank of America. In that role, she was responsible for managing enterprise-wide conflicts that potentially could arise from the bank's delivery of multiple products and services across several business divisions, particularly as these conflicts related to securities regulation. Fornelli also had responsibility for coordinating enterprise regulatory relations with securities and banking regulators. Before joining Bank of America, Fornelli was Deputy Director of the Division of Investment Management of the U.S. Securities and Exchange Commission (SEC), where she was responsible for implementing SEC policy, rules, and regulations in the investment company and investment advisory industries. Fornelli is a graduate of Purdue University and received her JD at The George Washington University. A former securities lawyer, she is a member of the District of Columbia Bar and the American Bar Association.
David RosenblumDavid Rosenblum is a member of the Board of Directors of Hanmi Financial (Nasdaq: HAFC) and its subsidiary Hanmi Bank. Until his retirement in May 2013, he was a senior leader and board member of Deloitte Consulting LLP, a $5.2 billion professional services firm with operations in the US, Mexico and India. From 2010 to 2013, while serving as National Managing Director of Consulting Corporate Development, David established and led Deloitte Consulting’s first formal corporate development function. From a standing start, he built a team that established acquisition priorities, screened over 200 potential transactions, closed nine acquisitions and one divestiture, and drove successful integration of businesses that added $525 million in revenue to Deloitte Consulting during its 2014 fiscal year. From 2004 to 2010, David held a number of general management roles in Deloitte Consulting’s Strategy & Operations (S&O) business, including Chief Operating Officer and interim National Managing Director. During this period, David also led the redesign and implementation of a new performance management system for Deloitte Consulting’s entire principal/director population. Over his nearly 34 year career with Deloitte Consulting, David advised clients in a wide range of industries, particularly health care and financial services, on issues related to strategy, M&A, divestitures/restructurings and financial management. His experience includes serving as interim Chief Financial Officer for a major client. He has significant international experience, with a particular focus on India and Mexico. In addition to serving on the board of Hanmi Financial, David is currently President of the National Association of Corporate Directors Southern California Chapter, a partner in Sage Partners LLC and member of the Board of the Library Foundation of Los Angeles. He is a member of the Pacific Council on International Policy, The California Club, the Audit Committee Roundtable of Orange County, and previously served as Chairman of the Echo Foundation, as a member of the Board of Directors of Deloitte Consulting LLP and as a Trustee of Wesleyan University. David received a BA in Economics from Wesleyan, where he was elected to Phi Beta Kappa, and an MBA from Wharton. Prior to joining Deloitte Consulting in 1979, he was a Financial Analyst with Ford Motor Company.