How Can IA Add Value to the Corporate Governance Process?

Session Overview

Internal Audit can add significant value to the Corporate Governance process!

Corporate Governance continues to be in the forefront for all companies. As defined by the IIA, governance is the combination of processes and structures implemented by the board of directors in order to inform, direct, manage and monitor the activities of the organization toward achieving its objectives. The Definition of Internal Auditing tells us that internal audit “helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”

Furthermore, IIA Standard 2100 (Nature of Work) The Institute of Internal Auditors (IIA) makes it clear that the internal audit activity must evaluate and contribute to the improvement of governance, risk management, and control processes using a systematic and disciplined approach. The IIA standards state that internal audit has an obligation to look at governance to realize its full potential as a value-add activity.  However, for a variety of reasons, many internal audit functions have a long way to go before realizing the IIA’s vision.

This session will include the following hot topics for Corporate Governance:

• The suggested approach to auditing governance, including the OSFI Corporate Governance Guideline for Financial Institutions;
• How internal auditors can start thinking more about how they can be viewed as contributing more value as seen by executive management and the board of directors; and
• Obstacles to incorporating governance processes into audit plans and how to overcome them.

Speakers

Karen Irwin, CGA, Managing Director, Risk and Compliance Practice, Protiviti

As a Managing Director in the Risk & Compliance Practice, Karen is a senior Executive Advisor and execution-oriented Consultant focused on the financial services sector.  Karen has demonstrated proven results for global clients improving key control areas, including risk identification and assessment, monitoring and supervision, testing and analytics through primarily advisory, as well as internal audit engagements. Karen is a regulatory compliance specialist with over 20 years of experience assisting leading organizations in compliance governance and transformation, issue remediation and enforcement action resolution. She is able to leverage best practices from a vast network of compliance executives across the financial services industry. She has extensive experience working with Global Canadian Banks and Life Insurers, Securities Dealers, Asset Managers and Trust Companies. Prior to joining Protiviti, Karen was a partner at Deloitte Canada, where she built a market leading regulatory consulting practice.

Susie Carnevale, CPA, CA, CRMA, Director, Internal Audit Practice, Protiviti

Susie is a Director in the Internal Audit and Financial Advisory Practice. She is a risk and controls specialist assisting leading organizations in addressing governance, risk management, control, compliance and internal audit issues and in developing enterprise-wide solutions. Susie has over 20 years of experience in public practice and in industry. Her industry experience started at the Canadian Imperial Bank of Commerce as a corporate lender. She also has internal audit experience with Scotiabank where she led a team responsible for overseeing head office finance, HR and special projects. She also led a team in Operational Risk at BMO Financial Group working towards obtaining Advanced Measurement Approach (AMA) certification for Operational Risk. Susie’s public practice experience includes over eight years at KPMG in external audit and in Corporate Finance Advisory Services advising clients on Mergers and Acquisitions. Susie has a broad base of experience across all industry sectors including public and private companies, with focus on financial services and real estate.

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.gifttool.com/registrar/ShowEventDetails?ID=2071&EID=17168

Phone:   416-223-5326
Fax:        905-508-2790
Email:     administrator@iia-toronto.org

Venue

The Albany Club - 91 King Street East; Toronto, ON M5C 1G3

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

Members - $59 (inc. HST) / Non-Members - $70 (inc. HST) / Students – Free If A Valid Student ID Card Is Presented At Event

Please Note:  There is a cancellation policy in effect.

CPE: 1.5 credits​