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 Auditing Culture - Linking Culture and Corporate Strategy

Chapter Event
3/6/2019 8:00 AM
3/6/2019 10:00 AM
MNP - 111 Richmond Street West, Suite 300, Toronto, ON, M5H 2G4 | Canada - Ontario

Session Overview

A well known expression “Culture eats Strategy for Breakfast” highlights why organizations are increasingly recognizing that the right culture can create a competitive advantage and the wrong culture can be a risk.  Even as organizational culture is discussed more frequently in business, it is often misunderstood.  In simple terms, culture is best thought of in terms of behaviours and is often expressed as ‘the way we do things around here’.

As more organizations seek to build and strengthen the right culture, auditors are asked to understand the role organizational culture plays in the organization, and to review culture change programs for their effectiveness.  To do this, it is important to understand that there is a ‘fit for purpose’ connection between culture (i.e., behaviours) and business direction. This means that there is no one best culture for every organization, and the right one has the right behaviours that best support business direction and goals. 

Auditors should be looking for a connection between the organization’s strategy and the organization culture.  Auditors should also be able to understand the influence that leadership behaviours and management systems have on culture. Is a strategy of intelligent risk management seen in manager behaviours and the overall culture?  Do processes, procedures, and performance measures support the desired behaviour? Is there a misalignment between strategy and systems, creating risk for the enterprise?

Internal audit has an opportunity to support purposeful and effective corporate culture change.  This starts with understanding what good culture change looks like and how it happens.

Learning objectives for the session include the following:

·        Understand the connection between management ‘systems’ and behavior

·        Develop practical approaches to audit risk culture

·        Understand core concepts to be able to respond to questions that board members and regulators are asking

·        Understand some of the common causes of risk culture problems, and what organizations are doing to address them

Speakers –    Sohail Choksy, MNP & Roderick Barrass, MNP

Sohail Choksy is a Senior Manager with MNP’s Enterprise Risk Services practice. He has over 12 years of audit experience with expertise in Internal Audit, Internal Controls over Financial Reporting (ICFR), Operational Audits, External Quality Assessments (EQA), Financial Statements Audits, Compliance Audits, Process Improvement and Maturity Assessments.

Sohail has managed major clients in various industries including Public Sector, Cannabis, Retail, Financial Institutions, Hospitality, Education (K-12 & Higher Education), and Defense. Prior to working with MNP, Sohail worked with Big 4 firms Deloitte and KPMG, in Canada and the United Arab Emirates. Outside of public practice and while in industry, Sohail was the leader for Internal Controls at Sears Canada and managed the entire ICFR program.

Sohail graduated from the University of Michigan with a Bachelor of Arts Degree, majoring in Economics. Thereafter, he completed his Masters from the University of Toronto’s Rotman School of Business. While working with KPMG in Toronto and then subsequently obtaining a secondment with KPMG Dubai, he completed his Chartered Accountancy with the Institute of Chartered Accountants of Ontario (ICAO).

Sohail presents at various industry events including presenting for organizations such as the Institute of Internal Auditors, where he is the current Treasurer and Executive Member of the Toronto Chapter.

Roderick Barrass is a Senior Manager in MNP’s Toronto Consulting practice and is in our Organization and People practice.  He has over 15 years of experience in the human capital and organizational effectiveness domain and has extensive experience managing change and transformation projects.  Roderick has his Project Management Professional (PMP) certification and combines this discipline with his collaborative, results oriented approach to effectively manage organizational effectiveness engagements.  Recently, he led a large scale culture assessment in a complex public service environment.  His experience managing projects includes topics of technology change, org design, capability assessments, and process change.

Roderick holds a BSc and Master of Arts (Industrial/Organizational Psychology) from the University of Waterloo.

Registration

As space is limited, please pre-register on-line at the website noted below. Late registrations may not be accommodated due to space limitations.  Substitutions are welcome.   

To register online, please visit the event website: http://www.eiseverywhere.com/377015

Phone: 416-223-5326
Email: administrator@iia-toronto.org

Venue

MNP - 111 Richmond Street West, Suite 300, Toronto, ON, M5H 2G4

Registration, Light Breakfast and Networking: 8:00 a.m. – 8:30 a.m.

Presentation and Q&A:  8:30 a.m. – 10:00 a.m.

Cost

IIA Toronto Chapter Members - $64.99 (Plus HST)

Non-Members - $76.99 (Plus HST)

Students – Free if a valid student ID card is presented at the event

CPE: 1.5 credits

Please Note:  There is a cancellation policy in effect.​​​

This Event Is Generously Sponsored By

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