CAE IIA Roundtable - Preparing for the Demands of the Future

On Wednesday, January 29^th, MNP will be hosting their first 2020 IIA Roundtable. The event will be held at their Toronto location at 111 Richmond Street West, Suite 300, from 16:00 to 18:00. We welcome Richard Arthurs as they present on the topic of Preparing for the Demands of the Future.

Preparing for the Demands of the Future. Boards, Audit Committees and Executives are all being faced by a greater amount of uncertainty and risk than any other time in history. For years Canadian Audit Committees have been hearing about the value proposition of Internal Audit from prominent associations such as the Institute of Corporate Directors (ICD), The Directors College (DC), and CPA Canada. Audit Committees not only want Internal Audit leaders who can provide these services, they are realizing they need a trusted advisor who can give them more confidence, especially to deal with disruption brought on by emerging technologies. Just in the last five years they have had to not only focus on cyber security, but now blockchain, robotic process automation, and the power of data analytics. The question is, what must Internal Audit start doing differently to prepare for these demands? What are the leading practice internal audit shops doing already? What must the IIA do to attract top talent to this industry, and what training do they require?

Meet Richard

Richard Arthurs, CPA, CMA, CIA, CRMA, CFE, QIAL, is a Partner and MNP’s National Data and Information Dynamics Leader, based in the Calgary office. Richard has more than 25 years of experience assisting complex global organizations with their governance, risk management, internal audit, IT audit, data analytics, ethics and compliance needs. He has deep industry experience in the utilities / energy, consumer goods, technology, telecommunications, not-for-profit and public sectors.

Leveraging his experience leading audit and risk projects in more than 50 countries, Richard has a global perspective on the issues businesses face. He has worked with renowned organizations and has a proven track record of achieving cost-effective value-added solutions to manage priority risks and improve business processes and controls.

Prior to joining MNP, Richard served as a global internal audit and risk management leader for one of the largest consumer packaged goods companies in the world, General Mills. In this role, he helped develop a global data analytics strategy for the Internal Audit function. Most recently, he was chief audit executive and vice president of risk management for a Canadian subsidiary of one of the largest utilities and renewable energy operators in the U.S., Berkshire Hathaway Energy Canada. In this role, Richard utilized data analytics to drive material cost savings with complex construction projects.

Richard is a Chartered Professional Accountant (CPA), qualifying as a Certified Management Accountant (CMA) in 2003, and holds the Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) and Certification in Risk Management Assurance (CRMA) designations. He was the first Canadian to receive the Qualification in Internal Audit Leadership (QIAL) designation from the Institute of Internal Auditors. He also received a Master of Business Administration degree from Nova South Eastern University. Richard is currently the Chair of the IIA Canada Board.