The RMC Advisors

The RMC Advisors is Moving to M&A News

Change.  The nature of the world is change; if we don’t grow, well, bad things can happen.

The RMC Advisors blog is ready to grow and become more than it was!  We are joining with the main news site on our home site, McKonly & Asbury News!  A new house, a new look, and to be honest, a much larger kitchen with new countertops.

While we hate to move and change our address (we hate missing mail), the reality is that this is best for you, the reader.  The McKonly & Asbury News site will have our articles, of course, but it will also have other subject matter to bring new, different, and interesting content straight to your desktop. 

In an effort to make this transition process as easy as possible for you, we will automatically transfer your subscription from The RMC Advisors to the McKonly & Asbury News site, as well as our bi-weekly newsletter which keeps you up-to-date on the latest business and financial information across all of our news sites.

We look forward to seeing you there, and tell your friends so they don’t get lost going to our new place of posting.  We promise to keep you subscribed as long as you want, and we hope you like the new format as much as we do.

All the best and see you soon,
The RMC Advisors

Fourth Annual TRENDS Symposium – June 3, 2011

Join McKonly & Asbury on Friday, June 3, 2011 for our fourth annual TRENDS symposium focusing on accounting and audit issues for the insurance industry. The session provides 6.5 CPE credits, which includes 1 tax credit and 1 ethics credit. McKonly & Asbury is an approved continuing professional education program sponsor through the Pennsylvania State Board of Accountancy.

We have an exciting array of speakers and topics planned, based on comments we received from previous participants.

• Legislative Update - Patricia Vance, Pennsylvania State Senator and member of the Pennsylvania Banking & Insurance Committee.
• Insurance Department Update - Stephen Johnson, Deputy Insurance Commissioner, and David DelBiondo, Director, Bureau of Financial Examinations.
• Tax Update – McKonly & Asbury Tax Group
• Business/Professional Ethics – Elaine Nissley, MBA, CISA, PMP, CCSA, CRISC, Principal, McKonly & Asbury Risk Management Services Group.
• Cloud Computing & Social Media: Risks and Controls - Samuel BowerCraft, MIS, CISA, Senior Manager, McKonly & Asbury Risk Management Services Group.
• Reinsurance –Jane Taylor, FCAS, MAAA, JD, Consulting Actuary, Huggins Actuarial Services.
• Safeguarding Confidential Data – John Dormuth, MSIM, CPCU, ARM, Account Executive, McConkey Insurance & Benefits. 

Sponsored by McKonly & Asbury and McConkey Insurance & Benefits, the symposium will take place at the Radisson Penn Harris Hotel & Convention Center at 1150 Camp Hill Bypass in Camp Hill, PA on June 3rd!

Agenda and Details

• June 3 (Friday)
• Registration starts at 7:30am
• The seminar will run from 8:00am to no later than 4:00pm. 
• Radisson Penn Harris Hotel & Convention Center (Camp Hill)

The cost to attend is $50, which includes a continental breakfast and lunch.

To register, please contact Erin Hench at ehench@macpas.com or by calling 717-972-5814.

 

Security Zen – What is the Purpose of this Blog?

From the standpoint of financial and information systems, security is something that is discussed and touted frequently, but what do we need to do to achieve security?  What makes sense for us to feel secure?  And if we do it once are we done?  Not quite, but each step we take will get us closer to the goal.

We care about security because feeling secure helps us sleep well at night.  The bank has our money, and the doors are locked.  Our company is paying our health insurance premiums, so our kids can visit the doctor.  Security is about peace of mind, and there are oh-so many things to worry about, whether the risks be obvious (viruses, hackers, thieves) or less obvious (inadequate planning or preparation).

So the security part is obvious: we’ll talk about being more secure with our technology, our information, and our money (by managing fraud risks).  The Zen aspect is meant to add something interesting.  Instead of straight-shooting you on technical considerations, I am going weave it into the Zen philosophy.  Yes, Zen.

 Zen has four (4) noble truths that apply to the human condition, which I will be bending to my will.   The first three, summarized, are this:

“Life is suffering”

Security Zen – SBC Biography

 

My name is Samuel BowerCraft (aka “Sam”), and I like to know how things work. As it turns out, I am also pretty good at understanding the details. This makes for a more enjoyable life, because if I were interested but clumsy, I would probably not permit myself to own tools.

This first passion (how does this work?) has led me to study a variety of topics and areas, including engineering (my Bachelor’s degree), carpentry & plumbing, science, writing, business and technology (my Master’s degree), security and fraud (my current vocation), painting, laying floors and fixing filing cabinets. As it turns out, most of these were inspired by projects my wife and mother wanted done, but I enjoyed learning, fixing and serving nonetheless.

Who Am I? Elaine Nissley, MBA, CISA, PMP, CCSA, CICA

Hi, my name is Elaine Nissley, and I am a Senior Manager in the Risk Management Services (RMS) group of McKonly & Asbury. I have a passion for risk mitigation in all areas of my life. At our firm, I co-chair our service committee which coordinates activities such as, blood drives, food drives, Christmas gifts for the needy and the United Way of the Central Region (UWCR) Day of Caring, UWCR 2009 Day of Caring. I also serve on the UWCR fund distribution panel and on the Board of New Hope Ministries.  Many types of risks contribute to people being in crisis and I am glad to play a small part in spreading a safety net for those who are in crisis due to things such as lay-offs, medical problems, rising gas prices or state budget issues. This fuels my passion for risk management in the corporate world which helps reduce the risk of putting people into crisis.

McKonly & Asbury's RMS is sponsoring this blog as a way to educate and dialogue on a variety of Risk Management topics. I will be blogging about Risk Management and Internal Auditing current issues and topics such as Enterprise Risk Management (ERM), Governance, Risk Management and Compliance (GRC) and effective Internal Auditing. My colleague, Samuel BowerCraft, is contributing to this blog on Technology and Fraud current issues and topics such as Information Security, Fraud, Continuous Auditing and Automated Data Analysis. At least twice a year, we will provide free self study CPE’s on a variety of topics such as External Quality Reviews, ERM, Internal Audit, IT Auditing, and Fraud. We will look for feedback from you on training areas and provide some introductory self-study training. Our goal is to educate so that we can all become better equipped to recognize and proactively deal with all types of risks.

Why a Blog on Risk Management?

Who started it?

A group of risk and control enthusiasts in the McKonly & Asbury (M&A) Risk Management Services (RMS) group started this blog.  We are on a quest to educate, uncover truths and dialogue about risk management and controls.  We want to share our knowledge and recognize that we can learn even more with feedback from all of you via the World Wide Web.  What better way to share knowledge and grow in our profession then by blogging and exchanging ideas related to risk management and internal controls?  Two senior members of our team, Elaine Nissley and Samuel BowerCraft, will lead M&A RMS contributions.  Other team members are encouraged to contribute so from time to time you will see other contributors.

What topics will we discuss?

M&A RMS provides services in four main categories; Enterprise Risk Management and Control (ERM), Internal Audit (IA), Information Technology Auditing and Control, and Fraud Risk Management.  We will provide knowledge, best practices, current industry trends and even the opportunity to obtain self-study CPE credits via the Pennsylvania State Board of Accountancy.