The Vancouver Island Chapter of the IIA is pleased
to host the following virtual event:
DATE:
February 6, 2024
TIME: 12:00
noon to 1:00pm (PST)
LOCATION:
Virtual / webinar (a free-of-charge event)
TOPIC:
The Importance of Following Risk Trends for
Optimizing the Value of Internal Audit
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Event Overview:
The
MNP 2024 and Beyond risk trends are based on real life risk
assessments, monitoring, and mitigation strategies that MNP Internal
Audit Services has executed for clients across Canada. Most of these
trends have already emerged and are showing signs of significant
growth with a range of impacts based on industry, size, location,
and risk preparedness of the organization. Though it’s still
necessary to ask questions about organizational resilience, risk
prevention and preparedness are paramount and typically cost a
fraction compared to reacting to risk when it occurs. This report
identifies related risks, key questions and red flags to consider.
The key insight this year is that risks are increasingly
interrelated, with concurrent natural disasters, increased
cybercrime, continuous digital transformation, and material global
conflict all being predominant themes. Organizations can no longer
ignore the value of proactive risk management and preparedness.
Think of these risk trends as a set of dominos; each one can trigger
the occurrence of any of the other risks. As each domino falls, it
magnifies the financial and operational risks to the organization,
making it more vulnerable to yet further risk. As we move into the
future, continuous monitoring will be instrumental to navigate and
optimize for a world of integrated risks.
Richard
will share real life examples of how these risk trends are impacting
business and governments in Canada today, and the actions that
leading practice Internal Audit functions are taking to mitigate the risk.
Speaker: Richard Arthurs, FCPA, FCMA, MBA, CIA,
CRMA, CFE, QIAL,
Richard
is a Partner, Enterprise Risk Services and MNP’s National Internal
Audit Leader. Richard has more than 25 years of experience
assisting complex global organizations with their internal audit,
governance, risk management, IT audit, data analytics, ethics and
compliance needs. He has deep industry experience in the utilities
/ energy, consumer goods, retail, technology, telecommunications,
not-for-profit and public sectors.
Prior
to joining MNP, Richard served as a Global Internal Audit and Risk
Management Director for General Mills Inc. with oversight of over
100 country operations. 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 and Compliance for a Canadian subsidiary of one of the
largest utilities and renewable energy operators in the U.S.,
Berkshire Hathaway Energy Canada.
Richard
is currently the Chair of the IIA Canada Board of Directors. He is
on the Governance Certificate steering team and Audit Committee
Conference Board for CPA Canada.
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