Control Testing Roundtable

Site Information:
Capital One Bank
1600 Capital One Dr
McLean, VA 22102

Event Dates & Times:
September 22, 2026- 12:00 p.m. - 4.30 p.m. 5:00 p.m. ET (dinner)
September 23, 2026 - 8 a.m. - 12:00 p.m. ET

Control testing is a crucial practice for ensuring proper design and operating effectiveness of controls throughout an organization. Having an established control testing function enables optimization of resource allocation, regular use of SME’s, expanded test coverage, and manage risks while reducing redundancy and maximizing impact. This peer-sharing meeting provides a valuable platform for attendees to exchange best practices, collaborate on effective strategies, and streamline efforts to achieve comprehensive testing coverage with an efficient use of resources. By prioritizing key areas and leveraging technology, standardization, and risk-based approaches, risk management functions can significantly improve the effectiveness of their testing processes.
To level set the discussions, we will conduct a short survey prior to the meeting.

Draft Agenda
1. Regulatory landscape and expectations
2. How is 1st and 2nd LOD testing is organizationally structured
3. Testing Governance (including adherence monitoring)
4. Current testing coverage (Cycle based, RCSA control coverage and frequency, connection to risk assessments, convergence of testing programs)
5. Monitoring vs. Testing
6. Tools leveraged – workpaper tools, templates, Artificial Intelligence
7. Reporting practices by project, quarter, exec summaries, board reporting and any external reporting such as regulators
8. Aligned Assurance/Reliance across 1st and 2nd LOD testing activities
9. Collaboration or interaction with IAD

Who Will Benefit?
Professionals from First and Second Line of Defense whose responsibilities including testing from Financial institutions with assets size $60B and up (e.g. Chief Control Officer).