Improving outcomes with less: Risk-based audit planning leveraging business architecture best practices and TeamRisk capabilities
With fewer resources, internal audit functions are increasingly being asked to do more with less in order to support effective risk management, conduct audits that add value, and help their organizations move forward with greater agility and less risk exposure. How does one harmonize the results of numerous disparate risk activities into a cohesive, coherent and integrated view of the organization’s risk environment? Moreover, how does one harness the power of existing business information across an organization to serve as intelligence when developing their risk-based audit plan?
Building on the concept of business architecture explored at the IIA Lunch and Learn on 10 September 2014, this presentation will examine how ESDC drastically improved risk-based audit planning with a focus on maximizing value to the department. We will explore how TeamRisk® was leveraged and tailored to enable horizontal views and capturing risk information.
Hear how ESDC’s internal audit group leveraged leading practices from enterprise business architecture and capabilities in TeamRisk® (from TeamMate) to derive an audit universe that was:
► Better received by the departmental audit committee;
► Had greater buy-in from the department’s executive management; and
► Demonstrated a more holistic view of the audit universe and the risk environment.
Hear how this approach is now transforming how audit planning is conducted for one of Canada’s largest government departments with over $110B in disbursements annually and a uniquely diverse portfolio of programs and services, while many of which involve the management of vasts amounts of personal information in order to achieve program and service outcomes.
Internal Audit Services Branch
Employment and Social Development Canada (ESDC)
Dean is a senior advisor working closely with the Chief Audit Executive at ESDC. He has extensive experience in the public sector in the areas of:
- Enterprise risk management
- End-to-end privacy management
- Strategic integration and management
- Performance measurement and reporting
- Business process re-design
- Internal control for financial reporting
Dean has a unique ability to connect-the-dots strategically across an organization’s mandate and objectives, business lines and processes, its risk and control environments and the many initiatives that drive at management improvements and modernization.
Audience will gain the following knowledge:
- Leading practices in business architecture founded in open frameworks (e.g. TOGAF) and utilized across disciplines and industries (building on concepts explored in the September 10th Lunch and Learn).
- How to leverage TeamRisk® for greater business intelligence and horizontal risk insights.
- How to leverage an integrated approach for better business intelligence and evidence-based, risk-based audit planning that resonates with internal stakeholders.
What ESDC did to get better outcomes without more time/resources.
This free session is open to IIA MEMBERS ONLY.
Please note that food and drinks are NOT allowed in the auditorium, we encourage you to have your lunch prior to attending.
11:30 - 12:00 - Registration and network
12:00 - 12:45 - Session
12:45- 1:00 - Q&A