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Events

Internal Audit

Day 3Thursday, November 24th

 

 

 

 

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The subject of PD Week 2016's Internal Audit stream is information sharing. With a focus on the industry's hot topics, the sessions will provide relevant information on emerging industry trends and on ways that internal audit can lead the organization's senior management team towards effective risk management and control.

Learning Objectives:

  • To provide leadership and representation in the internal audit community on emerging issues within the federal government's risk universe.
  • To share new tools and ideas to assess the effectiveness and adequacy of risk management, controls, and governance processes within their organization.
  • To offer the means to build internal audit competencies and keep up with the Institute of Internal Auditors (IIA) education requirements through continuing professional development.

competencies legend

10:30 - 12:00

Presentation

 

 

 

ANALYTICS AND INTERNAL AUDIT

Rooms 205 & 207

Speaker:
Kessels _Bill 2015Bill Kessels, Partner, Advisory Services, EY Canada

Companies everywhere are developing the technical capacity to analyze the vast amounts of information they have captured, and they're using the insights generated from that data to build stronger relationships and improve the bottom line.

In the context of Internal Audit (IA), analytics is the analysis of a large population of data to obtain insights and improve business performance, reduce risk and maximize business value. The IA function must embrace analytics to keep pace with or outpace the business; it must become a natural part of the thought process. This will involve not only the adoption of new tools and techniques but also a change in mindset.

However, the results will be worth the effort. IA's use of data analytics can help the business improve its processes and deliver even better products and services. Using analytics, IA can examine an entire population of data and focus on potential issues.

During this session, Bill Kessels will share insights into leveraging analytics in the IA landscape.

Competencies
Internal Audit 1

Language of presentation: English
Simultaneous interpretation available.

13:15 - 14:30

Presentation

 

 

SECOND LINE OF DEFENCE INTERNAL AUDIT REVIEW

Rooms 205 & 207

Speaker:K PANNU
Kaval Pannu, Corporate Auditor, Canada Post

This presentation will provide a high-level overview of work conducted at Canada Post to introduce the Three Lines of Defence model for effective risk management. The approach is tailored to fit a large public institution, such as Canada Post, to ensure its relevance and value. The presentation will provide insights into how internal audit:

  • developed an assurance grid covering the three lines of defence functions within Canada Post including risks being mitigated, scope and type of assurance/"assurance-like" activities, and resources allocated;
  • debriefed the Audit Committee and Executive Management on the model and assurance grid, and their response; and,
  • developed an audit review program for the second line functions focused on responsibility, authority, and accountability.
Competencies
Internal Audit 2

Language of presentation: English
Simultaneous interpretation available.

14:50 - 16:00

Presentation

 

 

MANAGING CYBER SECURITY ON A TIGHT BUDGET

Rooms 205 & 207
Speaker:

CKB

Charan Kumar Bommireddipalli, CIA, CISA, CGEIT, CFE, Partner, Enterprise Governance, Fernhill Associates Inc.

On one hand technology has enhanced quality of life and on the other increased exposure to its perils. If understood by an average individual it can be managed effectively. Complexity of technology does not facilitate this understanding by an average individual. Organizations do not have an option to have ineffective and inefficient cyber security in place, but at the same time do not have the resources to ensure an effective solution is in place.

The session will provide insights on managing cyber security on a tight budget by:

  1. understanding the cyber threat landscape;
  2. following a structured approach to identifying what needs to be protected;
  3. discerning how to develop a threat matrix;
  4. mapping treats to potential solutions; and
  5. prioritizing solution implementation.
Competencies
Internal Audit 3

Language of presentation: English
Simultaneous interpretation available.

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