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Events

CPA Stream

Day 2Wednesday, November 23rd

 

 

 

 

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Unlock Data Possibilities: Make better and faster decisions

With the present-day buzz around data analytics, it is easy to get caught up in enthusiastic possibilities about data's ability to transform organizations. Not surprisingly, many CFOs are looking to data analytics as a way to meet the increasing expectations placed on their role. Analytics offers the means to extract valuable insights from masses of data insights that can be used to support business decision-making and influence the future performance of the organization.  

High performing data-driven organizations are those that are able to:  

  • spend time where it matters;
  • shorten the distance between insight and value;
  • anticipate and act; and
  • empower people with data analytics insights.

Learning Objectives:

  • To understand the challenges of realizing data analytics' potential.
  • To understand the right conditions for data analytics' success.
  • To understand what you are getting into.

competencies legend

10:30 - 12:00

Presentation

 

 

 

RISKY BUSINESS: LEVERAGING DATA ANALYTICS, INSIGHT AND VISUALIZATIONS THROUGHOUT THE AUDIT LIFE CYCLE TO MITIGATE RISK

Rooms 205 & 207

Panel -graphic2Speakers:
Anthony Dias, CPA, CMA, Partner, Risk Assurance Services Group (Ottawa), PwC Canada;
Courtney Brown, Director, Risk Assurance Services Analytics (Greater Toronto Area), PwC Canada

Canadians' expectations of the public sector continue to increase. Today, citizens are demanding to stay informed and want transparency from their government. At the same time, public sector organizations are faced with the increasing cost of compliance, managing budgets, more timely reports and a greater need to understand and manage risks.

Data analytics and continuous auditing enables us to focus on mitigating public risks and business operations, while ensuring acceptable business conduct conforms to policy and procedures. The path of constructing a data analytics function is a journey which evolves daily for many organizations. This presentation will look at this journey and provide examples of what is being seen globally in the market place, as well as right here at home.
Across Canada, data analytics, as a way to identify risk, is resonating more and more. Analytics enables organizations to examine and compare trends and patterns within large volumes of transactional data, and identify "out of the norm" activity to expectations. This is done by incorporating data from multiple sources (internal and external) and developing algorithms to analyze data according to varying requirements.

Fasten your seat belts for an interactive and fast-paced session that will discuss the following.

  • Understanding the Internal Audit data analytics life cycle.
  • Identifying proper stakeholders, benefits, opportunities and efficiencies for data analytics.
  • Identifying data analytic strategies, tools and accelerators from technology, people and relationships perspective.
  • Looking at some of the technologies in the marketplace that make it easier for users to self-serve analytics.
  • Presenting use cases and visualize data analytics and emerging trends through practical scenarios/demo.
  • Developing risk-scoring mechanisms to continually evaluate activities and predict potentially suspicious attributes and/or outliers.
  • Developing a risk monitoring program to utilize reports and dashboards that showcase the ability to track how risks change over time and the impact of mitigation activities
Competency
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Language of presentation: English
Simultaneous interpretation available.

13:15 - 14:30

Presentation

 

YOU CAN'T MANAGE WHAT YOU DON'T MEASURE

Rooms 205 & 207

L Desautels2Speaker:
Laurie Desautels, Director Digital, PwC's Strategy& Canada (Calgary)

The amount of data in the world has been exploding. Companies capture trillions of bytes of information about their customers, suppliers, and operations, while millions of networked sensors embedded in devices such as mobile phones, wearables and automobiles are sensing, creating, and communicating data. Multimedia and individuals on social network sites and using smartphones will continue to fuel exponential growth.

By virtue of Big Data, we can measure and therefore manage more precisely than ever before, and make better predictions and smarter decisions. We can target more-effective interventions, and in such areas that  have so far been dominated by instinct and intuition, rather than by data and rigor. As the tools and philosophies of Big Data spread, they will change long-standing ideas about the value of experience and the nature of expertise. As with any other major change in business, however, the challenges of becoming a big data-enabled organization can be enormous.

This session will focus on building awareness of Big Data, its relevance in an organization, and lessons learned so far.

Competency
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Language of presentation: English
Simultaneous interpretation available.

14:50 - 16:00

Presentation

 

MAKING BETTER AND FASTER DECISIONS IN A DISRUPTIVE WORLD

Rooms 205 & 207

Daniel LSpeaker:
Dean Lancaster, Senior Manager, Data Analytics Group, PwC Canada

The role of finance is changing. Finance has traditionally been an aggregate of an organization's financial statements, reports and other standard metrics, anchored on past performance. However, finance needs to evolve to better assist an organization to plan for the future. Using predictive analytics, finance professionals can play an ever increasing role in shaping and executing business strategy. In order to do this, financial professionals need to have the capability to automate standard tasks, freeing their time for more strategic work. This session will focus on how decision-makers work with finance to overcome barriers through data-driven decision-making.

Competency
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Language of presentation: English
Simultaneous interpretation available.

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