Metropolitan Transportation Authority
Michael J. Fucilli CIA, QIAL, CRMA, CGAP, CFE, is the CAE for a large Public Sector company with Revenues in excess of $15 billion. Mike has 38 years of internal auditing experience that includes Financial Services, Public Sector, Inventory Management, Technology & SOX Reporting. Mike has an audit staff of 85 professionals and is on the IIAs’ Internal Audit Foundation Board of Directors and the IIA Executive Committee. Mike is a passionate and energetic speaker, receiving very high ratings by participants. Mike spoke at the last four IIA International Conferences in Sydney, London, Vancouver and NYC. Mike is also an Adjunct Professor for Pace University where he teaches the IIA Learning System for the Certified Internal Auditor Exam.
Failure of risk management is a legacy of the current global economic crisis. Boards didn’t exercise appropriate oversight and Management took extraordinary risks for short term results. Regulatory and legislative initiatives mandate greater risk management oversight by Boards.Continue reading