Association of Public Pension Fund Auditors

Professional Development Conference

"A Capital Investment in Your Future"

Investments Auditing

Holiday Inn, Inner Harbor, Baltimore, MD

May 3-6, 1998

Sunday, May 3, 1998

5:30 - 7:30 p.m.

Registration and Reception in the Camden View Room

Monday, May 4, 1998

7:30 - 8:30 a. m.

Registration and Continental Breakfast

8:30 - 8:45 a.m.

Introductions and Logistics

Joe Vet, APPFA President

Wayne Petersen, APPFA Vice President

8:45 - 9:15 a.m.

Keynote Speaker

Peter Vaughn, Executive Director

Maryland State Retirement Agency

Session 1,

9:15 - 10:00 a.m.

Roll Call of the States (Part I)-

Wayne Petersen

Director of Internal Audit, Los Angeles County Employees' Retirement System

10:00 - 10:30 a.m.

Break

Session 2,

10:30 - 12:00 a.m.

Real Estate Portfolio Management Risks, Roles, and Due Diligence

Millie Cassidy, Managing Director

Sentinel Real Estate Corporation

12:00 - 1:30 p.m.

Lunch

Session 3,

1:30 - 3:00 p.m.

Property Manager Audits - Risks, How to...

Elizabeth Longo, CPA

Chief Financial Officer, Sentinel Real Estate Corporation

3:00 - 3:30 p.m.

Break

Session 4,

3:30 - 5:00 p.m.

Roll Call of the States (Part 2)

Tuesday, May 5, 1998

7:30 - 8:30 a.m.

Continental Breakfast

Session 5,

8:30 - 9:45 a, m,

Real Estate Appraisals, Approaches, Assumptions

Brian Corcoran, MAI

National Director of Appraisal Services, Cushman & Wakefield

9:45 - 10:15 a.m.

Break

Session 6,

10:15 - 12:15 a.m.

Fixed Income

Charles Grant, Managing Director Fixed Income

Curt Mattson, Internal Audit Supervisor

Virginia Retirement System

12:15-1:30 p.m.

Lunch

Session 7,

1:30 - 3:30 p.m.

Fixed Income

Coopers & Lybrand

Baltimore Office

3:30 - 3:45 p.m.

Break

3:45 - 6:00 p.m.

APPFA Business Meeting

Wednesday, May 6, 1998

7:00 - 8:00 a.m.

Continental Breakfast

Session 8,

8:00 - 9:45 a.m.

Outsourced Programs - Who Is In Control?

Tom Rest, MPA, CIA

Assistant Internal Audit Manager, New York State Teachers' Retirement System

9:45 - 10:15 a.m.

Break

Session 9,

10:15 - 11:45 a.m.

Issues to Consider in Auditing Securities Lending

David Maurek, CPA Director of Internal Audit, Colorado Public Employees Retirement Association

William T. Huffman, Jr.Vice President & Corporate Executive, Northern Trust Co.

-Conference Ends-