In this fast-paced and interconnected business climate, organisations must demonstrate adequate controls to mitigate risk, ensure the safety and integrity of their client assets, and meet customer demands without disruption. The need for trust and accountability is paramount.
Service organisation controls (SOC) reporting allows companies to engender trust with stakeholders by proactively taking stock of the outsourced risk and controls in place to mitigate risk and enhancing transparency over the effectiveness of these risk management efforts.
Third party’s relying on your organisation’s operations may need assurance that your company has the right controls in place to mitigate risks. With SOC1, SOC2 and SOC3 reports, it addresses concerns related to the ability of service organisation to accurately process transactions, protect user organisation’s confidential data, and maintain integrity.
In this webinar, we will cover the following:
- Introduction of SOC reporting
- Application in various industries/sectors
- Case sharing - IT and other risks that cannot be ignored
- Examples of application of SOC review
About the speakers
PETER PANG, Director of Risk Advisory, BDO
Peter has extensive experiences in managing corporate governance, compliance, risk management, internal control review, internal audit, Sarbanes-Oxley and other assurance projects for local, regional and international financial services clients.
Peter has more than 20 years of risk and assurance experience. Prior to joining BDO, he was the Head of Risk of a listed aircraft leasing company with operations in Asia, Europe and America. He also worked in a large international accounting and advisory firm as head of department.
Peter served clients in the financial services sector, including fund and asset management, trust operation, banking, securities, aircraft leasing, airlines, regulatory and professional organisations. In particular, he has involved in providing internal control review and SOC review assignment for virtual asset servicing companies. Peter is also trained in Blockchain Strategy by Oxford University.
Peter is a Fellow of the Hong Kong Institute of Certified Public Accountants, Fellow of the Institute of Chartered Accountants in England and Wales and Certified FRM of Global Association of Risk Professionals (GARP).
ROGER LO, Senior Manager of Risk Advisory, BDO
Roger Lo has over 10 years of professional experiences in data security on IT infrastructure and systems. With a mixed business and information technology background, he has worked in Fortune 500 companies, insurance, hospital, and telecommunications to provide technical review and policy management on cybersecurity, IT system, sensitive data & IT infrastructure.
His clients are corporations listed in Hong Kong & China, he has conducted data integrity review for a number of regulated businesses, such as securities firms, assets management, casino, hospitality, manufacturing & retail. Particularly, Roger's duties are advising or reengineering these businesses by providing IT risk assessment in compliance to China Cybersecurity Law, ISO 27001 as well as US NIST Cybersecurity Framework.
He is a Certified ISO/IEC 27001 Senior Lead Auditor, member and Certified Information Systems Auditor (CISA) of the Information Systems Audit and Control Association (ISACA), associate member of Cloud Security Alliance (CSA) and was a Cisco Certified Network Associate (CCNA).
SEAN PASCOE, Partner, Advisory – Operations & Governance, BDO in Sydney
Sean is an Advisory Partner with BDO in Sydney. He is highly experienced in understanding client needs and in providing tailored solutions and insightful advice. Sean adopts a pragmatic approach to demystifying risk and consulting concepts by making it simple and easy for clients to adopt and manage within their own environments.
Sean has over 26 years’ experience in the conduct of consulting and risk assignments, including, statutory audits in both the public and private sector. In the public sector, Sean holds a Commonwealth Government security clearance of ‘Secret’ and has undertaken a number of major projects throughout his career that were primarily designed to deliver solutions to highly complex business issues.
In late 2012, Sean joined BDO and was instrumental in establishing the BDO Risk Advisory practice in NSW. Within this practice he further established the Consulting, Data Analytics and Forensic service lines. Sean is responsible for the delivery of internal audit, risk management, project management, IT strategic planning, business process improvement, business continuity management and a host of other advisory related sub-services. He has also been involved in a number of large due diligence reviews including PBL, Seven Network, CBA/BOS.
During his career, Sean has worked with Big 4 accounting firms and was Managing Director of a successful private risk advisory consultancy firm. He previously worked in industry with St George Bank, IAG and in government with the NSW Audit Office. He has obtained international experience by working in Australia, Malaysia, Singapore and Thailand.
Sean has broad industry experience and is the engagement partner for a number of clients across a wide range of industry sectors with specific expertise in professional services, not-for-profit, financial services, technology and government. He has actively shared experiences between industry’s and has worked closely with a number of charities where he has contributed a significant amount of his personal time to assist, either as a board member or strategic advisor to identify, manage or remediate mission critical risks.
Sean has been an active member of the BDO Global Risk Advisory Services Executive Steering Committee since 2014 where he was appointed to represent Oceania and Asia Pacific countries.
Sean is a frequent presenter at local and global risk seminars and is always keen to share his knowledge, skills and experiences as part of his commitment to mentoring the next generation. He has authored a widely publicised article for board / steering committee members titled ‘Runaway Projects Do you have one…?’ (ISACA).
As a passionate risk advisor, Sean has been recognised both locally and globally through the following awards:
- Finance Awards – 2014 – Best in Risk Management
- Finance Awards – 2015 – Sustained Excellence in Risk Management
- Finance Awards – 2017 – Risk Advisor of the Year
This event will incorporate slides which you can view on a PC and audio broadcast technology which requires only the speakers in your device. Therefore, on the day, please ensure the audio volume of your device is turned up. You are recommended to log in the webinar (which will be provided by email after your successful registration) a few minutes before the webinar starts to make sure you have no problem with the connection.
Details are as follows:
||Friday, 16 July 2021
|13:30 – 15:00 (Hong Kong time)
15:30 – 17:00 (Sydney time)
||Free of charge
||1.5 hours (*The recognition of CPD hours by your professional organisations is subject to their CPD policies.)
||1. For any enquiries, please contact contact Ida Cheung at +852 2218 3714 or [email protected]
||2. Login information will be sent to you by email after successful registration.
||3. BDO reserves the final right of acceptance of registration.