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OTTAWA CHAPTER
OCTOBER 2019 NEWSLETTER
 

Upcoming Training

Our training calendar is packed with exciting learning events for IIA Ottawa members. Click the button below for more details on the events. Space is limited, so register now to secure your spot!
 
CIA Part 3

Date: December 3-4, 2019
Instructor: Daniel Lebel, CPA, CMA, CIA, CCSA, CGAP, CFSA, CRMA
Fee: $1,400
CPEs: 16
The course will provide in-depth analysis, reinforce your CIA knowledge, clarify topics, and build exam-day confidence. Taught by CIA-certified instructors, each attendee will have the opportunity to work through practice exam questions, learn test taking tips, and will receive the Part 3 of IIA’s CIA Learning System® (Version 6.0) self-study materials including print, e-book, and access to online study tools for one year.
 
 
Cyber Security Risks in Your Audit Universe

Date: January 17, 2020
Time: 1:00 p.m. to 4:30 p.m.
Fee: $400
CPEs: 3
This afternoon session will provide participants with a better understanding of cyber security audit planning through:
•    General Information Security 
•    Access Control – Identity and Access Management 
•    Third Party Risk Management 
•    Data Privacy Controls 
•    Business Continuity & Disaster Recovery
 
 
CIA Part 1  

Date: January 22-23, 2020
Instructor: Daniel Lebel,
 CPA, CMA, CIA, CCSA, CGAP, CFSA, CRMA
Fee: $1,400
CPEs: 16
This 2-day CIA exam preparation course will include an overview of the topics covered in Part 1 of the three-part CIA exam based on the new curriculum, in effect as of January 1, 2019. The course will reinforce your knowledge of the CIA requirements, clarify exam topics, and build exam-day confidence. Taught by an IIA CIA-certified instructor, each attendee will have the opportunity to work through practice exam questions, learn test-taking tips, and will receive the IIA CIA Learning System™ Part 1.
 
 
Simple Sampling and Visual Reporting

Date: February 14, 2020
Time: 8:00 a.m. to 4:30 p.m.
Lead by: Don Dickie,
PhD, CIA, CCSA, and Matthew Oleniuk, CIA, PMP
Fee: $750
CPEs: 8
The sampling portion of the course will cover different methods of random sampling (simple, stratified, dollar unit) and judgmental sampling (stop/go, quota, judgmental), how to calculate sample size and adjust for population size and resource constraints.  This experience has provided a unique opportunity to understand how the needs of the Auditor can be addressed through the appropriate use of statistical sampling techniques. Since 2003, Don has developed and taught seminars for Internal Auditors that specialize in various methods of random and judgmental sampling, the calculation of sample size and development of a strategic sampling approach that minimizes cost and maximizes information.

The Reporting portion of the course, to be presented by Matthew Oleniuk, will cover different ways to present audit information, including sampling results and audit findings, to ensure that senior management understands and acts on the results.
 
 
Audit Findings That Matter: Developing Audit Findings That Impact Senior Management

Date: March 2, 2020
Time: 8:00 a.m. to 4:30 p.m.
Lead by: Matthew Oleniuk,
CIA, PMP
Fee: $750 (Breakfast & Lunch provided)
CPEs: 8
The objective is this course is to help students apply a strategic lens to audit observations, so that reports are well understood and readily accepted by management, and impact the strategic direction of the organisation. By the end of the course, students will be able to:
 
•    Develop strategic findings from a series of detailed observations; 
•    Identify true root causes of findings, and go beyond “compliance”; 
•    Challenge management action plans that will fix the issues. 
 
 
CIA Part 2

Date: March 12-13, 2020
Instructor: Daniel Lebel,
 CPA, CMA, CIA, CCSA, CGAP, CFSA, CRMA
Fee: $1,400 (Breakfast & Lunch provided)
CPEs: 16
This instructor-led Part 2 CIA exam preparation course is designed to give candidates a comprehensive review of the topics covered on Part 2 of the CIA exam.  The course will provide in-depth analysis, reinforce your CIA knowledge, clarify topics, and build exam-day confidence. Taught by CIA-certified instructors, each attendee will have the opportunity to work through practice exam questions, learn test-taking tips, and will receive the Part 2 of IIA’s CIA Learning System® (Version 6.0) self-study materials including print, e-book, and access to online study tools for one year.
 
 
 
 

Upcoming Events

 

Upcoming Student Networking Event at the Metropolitan

The IIA Ottawa Chapter is hosting a Student Networking Event on November 5th at the Metropolitan, located on Sussex Drive. This would be a great opportunity for professionals like you to talk about why you LOVE internal audit to students from Telfer, Carleton, and the Université du Québec en Outaouais!
Best part: registration is free!
 
 
 
 
Check out our new Events Calendar and save the date!
Click the icon to view the 2019 - 2020 Events Calendar
 


 
Don't miss out on all of our exciting courses and events!
Click the icon to register for our upcoming events
 
 

Tell Us About Your Achievements! 

 
The Chapter Achievement Program (CAP) is an achievement and recognition program that uses points to recognize chapter activities. The program helps to set minimum standards of performance for service to members and to the profession. It also provides a means to evaluate chapter success.
Our members can contribute to Ottawa Chapter’s success by telling us about your achievements, including when:
  • A member hosted an internal audit event at work
  • A member conducted an unpaid speaking engagement
  • A member had an article published in the Internal Auditor Magazine or another professional journal
  • A member participated on a unpaid IIA-sponsored Quality Review Team or on an unpaid non IIA-sponsored Quality Review Team
  • A member is nominated to be on an IIA committee following Chapter Board approval
  • A member is appointed to an IIA committee
 
If so, let us know about it, iiaottawa.webmaster@gmail.com!
 
 
Other Information
 
IIA Ottawa Chapter's Financial Update - Fiscal 2019
 
Following the end of our fiscal year in April, please take note of the audited financial statements which were completed by Kelly Huibers McNeely Chartered Accountants and are available for review in full on the members section of the IIA Ottawa Chapter Website. Highlights from the statements can be found below:

In 2018, the IIA modified its training delivery model. This model reduces the revenue the Chapter receives from delivering IIA courses.  The Board made a conscious decision to maintain services to members while working through alternative training program options to address the gaps in the funding from this new model. 

As a result, total revenues fell 50% year over year while total expenses were reduced by 45%. Program revenues including training and lunch and learns fell 51% over the prior year while the program expenses fell 41%.  Total actual revenues met budgeted projections while total actual expenses were $18K lower than budgeted projections due to careful fiscal management of program costs, strategies, and general and administrative expenses.  We therefore arrived at a net deficit of $15K for fiscal 2019 as compared to a projected deficit of $33k budget.  This compares to a net deficit of $11.7K for fiscal 2018.

The CIA Parts 1, 2 & 3 training courses have proven popular and may help stabilize revenues going forward.
These investments in our members are sustainable for the future. The Chapter has over $200K in cash on hand and has maintained an invested reserve fund of $102K.
 
 
Benefits of being an IIA Member
Encourage colleagues and friends to become members also and take advantage of these great opportunities:
-Member’s only Training & Webinars
-Discounts & CPEs
-Newsletters & Thought Leadership

 
Log into IIA Global and find out more
 
 
IIA Ottawa Chapter Board Members
 
Greetings from your 2019-2020 IIA Ottawa Chapter Board Members!
 

Looking to Volunteer?
What better opportunity to get more involved in the Internal Audit community than to volunteer! If you would like to volunteer at any of our events, please send us an e-mail. We’re always looking for your support!
 
 
Position Name​​
​President ​Clarissa Crane
​President Elect ​Claudine Hébert
​Vice President Operations ​Julie Bouchard​
​Treasurer ​Robert Rae
​Chair of Memberships ​Roxi Izquierdo Yanez
​Chair of Certifications Hugues-Albert Sully
Chair of Events ​​Jacqueline Stesco
​Secretary Andrew Bethune
Chair of Programs​​ Khalid Zeroual
​Co-Chair of Programs​ Lorne Powell
​Chair of Communications ​Roxi Izquierdo Yanez
Co-Chair of Communications​ Jessa Villena
​TBS Representative Tricia Goulbourne
​Past President Joseph Carpinone
 
 
Traduction française disponible sur demande.
 
 
 
 
 
 
CONTACT US
 
We are always looking to hear from our members. Please let us know if you have any comments, questions or concerns. We are very excited about internal audit and have a lot on our plate but will try our best to get back to you in a timely manner.
 
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