The Vancouver Island Chapter of the IIA is pleased
to host the following virtual training event:
CURRENT TRENDS IN INTERNAL AUDIT
DATE:
May 26, 2022
TIME:
9am to 12noon (PST) (3 CPE)
LOCATION:
Virtual Webinar
Cost
:
Members: $39 Non-members: $49
SPEAKERS:
Session 1 - Edward Olson,
Leader for Environmental, Social, and Governance with MNP
LLP
Session 2 - Norman Marks,
CPA, CRMA
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Event topic overview:
Session 1 (9 - 9:45): Understanding ESG Risks
with Edward Olson, MNP
Businesses and institutions face, and report on, financial risk which
internal auditors have been involved directly with through internal
controls over financial reporting for years. But there is an array of
financially material risks which are equally, if not more, critical to
success or failure. These include business ethics, human rights
abuses, operational impact on and of the environment, employee
turnover, discrimination and cybersecurity, to name just a few. These
intangible topics are becoming financially material and fall under the
rubric of Environmental, Social, and Governance (ESG). Sound ESG
management and reporting is critical to communicate with stakeholders,
to disclose and discuss risks and issues, uncertainties, challenges,
opportunities and trends that may ultimately impact financial performance.
Internal auditors have a specific role to work with the board of
directors, C-Suite, and each Line of Defense to inform, inspire and
engage on ESG issues. Identifying financially material issues,
assessing targets, focusing on required data, ensuring appropriate
management systems, validating integrated reporting and disclosures –
all should be on the internal auditor’s radar as critically important
to your role as well as your organization’s success. This event will
address emerging ESG trends in Canada including providing insight into
the expectations of internal audit for planning consulting and
assurance support to your organization.
Speaker: Edward Olson
Edward is the Leader for Environmental, Social, and Governance with
MNP LLP. He also provides risk management, internal audit, and
regulatory compliance services to his private and public sector
clients. Prior to joining MNP, Edward led the advisory services
practice for a Canadian public accounting firm. He has also been a
chief audit executive leading internal audit and risk management at a
Canadian electric power and gas distribution/retail company. Edward’s
experience includes taking the helm and leading the transformation of
an alternative energy company, and as a partner in a firm where he
worked as an outsourced chief audit executive for several clients in
the financial services industry. Edward currently is a member of CPA
Canada’s Sustainability Reporting Advisory Committee and the Global
ESG Advisory Committee with the Institute of Internal Auditors.
Session 2 (10 to 12): Auditing That Matters
with Normal Marks
How does internal audit know
they are doing work that will matter? Unfortunately, many
executives and board members don't believe internal audit is
adding the value that we think we do.
In this session, Norman Marks
will explore this topic. He will cover:
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How do we know what matters
to our customers on the board and in senior management?
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Is it about the adequacy of
controls within the more significant business units and
processes, or something else?
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What is enterprise
risk-based auditing?
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Are full scope audits a
thing of the past?
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How do we provide effective
reports to our customers? What is an effective internal
audit report?
Speaker: Norman Marks, CPA, CRMA
Norman Marks, CPA,
CRMA, is a retired senior executive. He works with
individuals and organizations around the world,
advising on risk management, internal audit,
corporate governance, enterprise performance, and
the value of information.
Norman was the chief
audit executive of major global corporations for
twenty years and is a globally-recognized thought
leader in the professions of internal auditing and
risk management. In addition, he served as chief
risk officer, compliance officer, and ethics
officer, and led what would now be called the IT
governance function (information security,
contingency planning, methodologies, standards,
etc.) He managed the Sarbanes-Oxley Section 404
(SOX) programs and investigation units at several companies.
Norman is a retired
member of the review boards of several audit and
risk management publications (including the
magazines of ISACA and the IIA), a frequent speaker
internationally, the author of multiple
award-winning articles (receiving the IIA’s Thurston
award in 2004 and 2014), and a prolific blogger.
Norman was profiled
by the magazines of the AICPA and the IIA as an
innovative and successful internal auditing leader.
He has also been honored as a Fellow of the Open
Compliance and Ethics Group for his GRC thought
leadership, and as an Honorary Fellow of the
Institute of Risk Management for his contributions
to risk management. In 2018, he was inducted into
the IIA’s American Hall of Distinguished
Practitioners. He sits on a couple of not-for-profit boards.
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Norman is the author of these books:
Norman can be found at:
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