Event Programme. The Malta Forum of Internal Auditors (MFIA) and the Malta Association of Risk Management (MARM) are jointly organising a seminar on risk and internal audit, which should interest all those working in these two fields as well as anybody interested in learning more on these areas. This will be held on Wednesday 13th July 2016 at 1400 hours at the Corinthia Palace, Attard, Malta.

1. Risk and Internal Audit Synergies
Date: Wednesday, 13 July 2016
Time: Registration 13:45
Venue: Corinthia Palace, Attard
Price: EUR40; EUR20 (students)
CPE: 2.5 hours CPE (Core Competency)

2. About MFIA
The Malta Forum for Internal Auditors (MFIA)
is a not-for-profit organisation, set up by local
professionals in the field to promote
awareness about the role of internal auditing
in the local business and non-business
community, to support education about the
profession and to provide appropriate
networking opportunities for both peers and
professionals in the field, students and
executives.
For more information visit the MFIA website:
http://www.fiamalta.org
The Malta Association of Risk Management (MARM)
promotes, advances and encourages the knowledge
and use of risk management within the private and
public sectors in the Maltese Islands. It represents the
risk management profession in Malta providing its
members with a forum for networking and
exchanging of ideas and experience though various
events and activities. MARM is a member association
of FERMA, the Federation of European Risk
Management Associations.
For more information visit the MARM website:
www.marm.org.mt
About MARM

3. Risk and Internal Audit Synergies
The Subject. Stakeholders of Maltese organisations are increasingly demanding the application of a 'three lines
of defence model' supported by fully fledged Risk Management & Internal Audit Functions. However, even at
institutions where this model is well established, identifying suitable arrangements for Risk Management and
Internal Audit to work together synergistically remains a challenge. In this event - which is jointly hosted by the
Malta Forum of Internal Auditors (MFIA) and Malta Association of Risk Management (MARM) - this challenge
will be tackled from a number of perspectives, which we hope to be of benefit to risk managers, internal
auditors and all those charged with corporate governance and internal control responsibilities.
The speakers will delve into three important aspects:
1. How can Risk Managers Effectively Interact With Internal Audit? This session, presented by Dominic
Fisher, will be focusing on how the work that risk managers do can help support the effectiveness of
internal audit.
2. Risk-based Internal Auditing. Alex Azzopardi will provide an overview of the relevance of the
organisation’s risks to the IA process in its quest to provide a relevant service to the enterprise and add
value. The session will delve into a number of areas within the IA process and discuss the enhancement of
such areas that will arise out of taking a risk-based approach. This part of the seminar will highlight the
benefits of communication between the two functions whilst still maintaining the level of independence
that is required from the IA function.
3. Practical Example Of Risk Management & Internal Audit. The seminar will close through the presentation
of a practical example of implementing Enterprise Risk Management and a 3 lines of defence model. Ian
Stafrace will also show how the risk register can be built with the involvement of all staff and how internal
audit can make use of this in its planning and audits.

4. Dominic Fisher Dominic Fisher trained as a chartered accountant with Deloitte in the UK, but over
the last decade has been specialised in internal audit and risk. Previous experience includes setting
up an heading up an internal audit function at a listed UK business operating in the insurance sector.
At Deloitte Malta, where he has worked since 2012, he is a senior manager in the Enterprise Risk
Services team supervising and delivering assignments related to internal audit, internal control, risk
management and regulatory compliance. During his time in Malta he has achieved certified and
chartered internal audit qualifications and has been highly involved with Malta Association of Risk
Management, where he currently serves as Vice-President.
A biographical note on the speakers
Ian Edward Stafrace As Chief Risk Officer and Executive Committee member of Atlas Insurance PCC
Ltd, he is the executive head of its risk, legal and compliance functions. He is also the Risk Manager
and Chair of the Risk & Regulatory Committee of Merill SICAV plc. With his passion in risk leadership,
he helped co-found and is currently President of the Malta Association of Risk Management
(MARM), a member association of the Federation of European Risk Management Associations
(FERMA). He read for his master’s degree in risk management at Birmingham City University. He is a
Chartered Insurance Risk Manager and Fellow of the Chartered Insurance Institute and Fellow of The
Institute of Risk Management.
Alex Azzopardi Alex joined KPMG Malta in 2005 after successfully completing his Bachelor of
Accountancy (Hons) Degree at the University of Malta. Following a number of years working within
the Audit function, he joined the Risk Consulting Advisory team in 2013. He is an accountant by
profession, holds the Practising Certificate in Auditing and is also a Certified Information Systems
Auditor. Alex is a Fellow of the Malta Institute of Accountants (MIA) and a member of the
Information Systems Audit and Control Association (ISACA). Through his career at KPMG Malta, Alex
obtained extensive experience in auditing, risk consulting advisory and internal audit. He currently
leads the firm’s provision of Internal Audit Services to a diversified portfolio of local and international
clients. He is also involved in the provision of regulatory advisory services to a number of banking
and insurance clients. He currently serves as Secretary to the Committee of the Malta Forum for
Internal Auditors.

5. Registration Form
Name: __________________________________
Company: __________________________________
Job Position: __________________________________
Email: __________________________________
Mobile No.: __________________________________
MARM Membership (tick if applicable) 
I am enclosing a payment of EUR40 (EUR20 for students) to attend the Malta Forum for Internal Auditors
training session ‘Risk and Internal Audit Synergies’ of 13 July 2016.
_________________________________ _____________________________
Signature Date
Cheque payments are to be addressed to MFIA or Malta Forum for Internal Auditors and sent to C/o MITC, TG
Complex, Level 1, Suite 3, Brewery Street, Mriehel. Payment is to reach MFIA by 8 July 2016. Email:
info@fiamalta.org

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