Value Addition beyond Assurance 2012 – Annual Conference Saturday, 12 th May 2012

1. Vadodara Audit Club www.iiavadodara.org Value Addition beyond Assurance 2012 – Annual Conference Saturday, 12th May 2012 Hotel Surya Palace – Vadodara

2. 2012 – Annual ConferenceSaturday 12th May 2012Hotel 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 bi-monthly 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.

3. 2012 – Annual ConferenceSaturday 12th May 2012Hotel 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.

4. 2012 – Annual ConferenceSaturday 12th May 2012Hotel 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.

5. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara Conference

6. 2012 – Annual ConferenceSaturday 12th May 2012Hotel 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.

7. 2012 – Annual ConferenceSaturday 12th May 2012Hotel 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.

8. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

9. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

10. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

11. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

12. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

13. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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. Eminent Speakers 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.

14. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara 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 35years 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. Eminent Speakers Join the IIA – India Be part of an ever increasing influential community

15. 2012 – Annual ConferenceSaturday 12th May 2012Hotel Surya Palace – Vadodara Registration Fees 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