september 2016’s highlights - chapters site · 2 28 sep 2016 organizational culture is the great...

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1 September 2016’s Highlights While some organizations found implementing the COSO framework to be relatively easy, some found it rather burdensome. Others used it as an opportunity to take a fresh look at internal control over financial reporting and, as a result, gained added assurance. However, COSO did not intend the framework to be used solely for financial controls. It was designed to help organizations effectively develop a system of internal control that would meet the challenges of an ever-changing business and regulatory environment. As an added value to this report, several organizations have generously agreed to share samples of the documentation used in implementing the framework. The COSO Implementation Toolkit lets you customize the samples to meet your organization’s needs and is included in the purchase price of this report. James Roth, PhD, CIA, CCSA, CRMA, is president of Audit Trends, LLC, a training firm devoted to identifying and communicating the best of current internal audit practice. His previous publications directly related to COSO are: Evaluating Internal Control: A COSO-Based Approach A COSO Implementation Guide Control Model Implementation: Best Practices Internal Audit’s Role in Corporate Governance: Sarbanes-Oxley Compliance Best Practices: Evaluating the Corporate Culture

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Page 1: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

1

September 2016’s Highlights

While some organizations found implementing the COSO framework to be relatively easy, some found it rather burdensome.

Others used it as an opportunity to take a fresh look at internal control over financial reporting and, as a result, gained added

assurance. However, COSO did not intend the framework to be used solely for financial controls. It was designed to help

organizations effectively develop a system of internal control that would meet the challenges of an ever-changing business and

regulatory environment. As an added value to this report, several organizations have generously agreed to share samples of the

documentation used in implementing the framework. The COSO Implementation Toolkit lets you customize the samples to meet

your organization’s needs and is included in the purchase price of this report.

James Roth, PhD, CIA, CCSA, CRMA, is president of Audit Trends, LLC, a training firm devoted to identifying and communicating

the best of current internal audit practice. His previous publications directly related to COSO are:

• Evaluating Internal Control: A COSO-Based Approach • A COSO Implementation Guide • Control Model Implementation: Best Practices • Internal Audit’s Role in Corporate Governance: Sarbanes-Oxley Compliance • Best Practices: Evaluating the Corporate Culture

Page 2: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

2

Dear IIA members,

Fall is amongst us and both the local IIA Chapter and IIA-Canada have organized a few training sessions and events. Please refer to the events table found in the body of this newsletter for further information and registration details.

As a heads-up, note that our season-opener luncheon will be held on September 21, as our guest speaker Richard Arthurs, Partner and National Leader, Governance and Risk Management with MNP will discuss Data Analytics and Big Data.

On September 28, the Chapter organizes a very competitively priced ½ day workshop addressing Conflicts of Interest.

We are also excited to announce that between November 7 and 10, the IIA-Canada Seminar Week is coming to Calgary. A comprehensive list of seven 2 and 3 days sessions is available for your training planning.

Furthermore, in line with the 2015/16 initiatives, the Chapter will continue to post positions free of charge [chapters.theiia.org/calgary/Careers], to offer free “brown-bag” lunch sessions during the year and to work with other professional organizations to hold joint learning and networking events. As well, the Chapter plans to host social networking and presentation after-hours events, both downtown and in the SE quadrant. Please make sure to verify your profile in order to be in our database, and receive our newsletter and invitation notices. If you need help, please contact The IIA’s head office at 1-407-937-1111 or by email at [email protected]

As always, free of charge webinars provided by The IIA, as advertised in the newsletter you are receiving from IIA-Global, are available and currently open for registration [https://na.theiia.org/training/eLearning/Pages/Webinars.aspx].

Stay tuned, and do not hesitate to contact the Chapter with inquiries and suggestions. Either send a message to [email protected] or come talk to us during an event.

Thank you and take care,

JS Jetté, CIA

President, IIA Calgary Chapter

Page 3: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

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Academic Corner Upcoming Local Events

Visit our Eventbrite site: http://www.eventbrite.ca/o/8509185245

Our local chapter is looking for great professionals like you to join us in making a difference to the growth and promotion of the Internal Audit profession here in Calgary.

For more information on job openings in Calgary or how you can advertise on our website, please visit our website @ https://chapters.theiia.org/calgary/Careers/Pages/default.aspx

Are you interested in speaking to the Calgary internal audit community on a topic relevant to internal audit? Have a wealth of information you’re itching to share? Please contact us at [email protected]

In addition to enjoying exclusive rates from Economical Select, IIA Calgary members are eligible to enter a variety of Select Sweepstakes.

IIA Global Webinars, Training, Conferences and Seminars

IIA Global Certifications and Qualifications: Mapping Your Path for Growth IIA Certification

The IIA’s CIA Learning System is available 24/7 on the IIA website. Learn CIA

THE IIA CALGARY CHAPTER IS PROUDLY SUPPORTED BY:

Anyone interested or in need of more information, please contact us at [email protected]

# Date Event Topic Speakers and Website Link

to Enroll 1 21 Sep 2016 Currently in the US many Internal Audit groups use data analytics for every single audit, it

has proven to expedite analysis before, during, and after audits. However IT and Operations are also discovering the power of big data and want to leverage this insight. The evolution of newer and more user friendly systems has made it much easier for all internal audit, IT and operations to leverage this technology.

Data Analytics Lunch and Learn

2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence on organizational success. The role of Internal Audit can be crucially important in governance audits that include not only governance structures and processes (hard controls) but also include organizational culture (soft controls). Auditing indicators of culture is complex so focusing on the right risks and indicators matters. Conflicts of Interest are specific ethics risks that affect everyday decision making. Effective Conflicts of Interest management is an indicator of an ethical culture.

Conflict of Interest Half Day Session

3 7 Nov 2016 - 10 Nov 2016

IIA Canada, in conjunction with the Calgary Chapter, invite you to Calgary Seminar week where 7 leading-edge courses are available for registration. Learn from Canadian facilitators who are leaders in internal audit, as well as learning from International specialized consultants. Registration includes breakfast, lunch and breaks, as well as all books and materials. All courses are being held 8:30 - 4:30 (local) at the Delta Bow Valley (Marriott).

IIA Canada Calgary Seminar Week

# Date Event Topic Speakers and Website Link

to Enroll July 2016 -

June 2017 Starting in July 2016, the IIA celebrates its 75th anniversary… Stay tuned for special events highlighting this milestone.

1 26 Sep 2016 - 27 Sep 2016

The 8th Annual Canadian National Conference of The Institute of Internal Auditors will help you and your team “Navigate the Future” by connecting you with exceptional key note speakers, panelists and thought leaders who will share insights on issues impacting the profession across four streams of learning: Risk Management and Fraud Detection - All Hands on Deck; Setting Sail to Inspiring Leadership and Leading Practices; Perspectives in Public Sector Auditing; Steering Toward Secure Information Technology and Management.

IIA Canada National Conference

2 26 Sep 2016 - 27 Sep 2016

Since Dodd-Frank*, the financial services internal audit profession has evolved and transformed like no other time in our history. In direct response to heightened standards for internal audit across the industry, The IIA and the Financial Services Advisory Board have developed the Financial Services Exchange (FSE) conference.

2016 Financial Services Exchange

3 28 Sep 2016 - 29 Sep 2016

The Environmental, Health & Safety Exchange, presented by The IIA’s Environmental, Health & Safety Audit Center, is the premier conference dedicated to the development and professional practice of environmental, health and safety (EHS) auditing. No other conference offers audit professionals more high-quality, specialized training, professional networking opportunities with industry peers, and the ability to share knowledge and insights on key issues with industry regulators.

EHS Exchange

4 17 Oct 2016 - 19 Oct 2016

For more than 10 years, the All Star Conference has featured The IIA’s highest rated presenters from the past year’s conferences, as ranked by attendees. The excellence continues as the 2016 All Star Conference delivers cutting-edge insights on issues impacting the internal audit environment now and in the future.

2016 All Star Conference

Page 4: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

HALIFAX Marriott HarbourfrontSeptember 25 – 28, 2016

NATIONAL CONFERENCECONFÉRENCE NATIONALE

Join us in Halifax

REGISTER NOW LIMITED SPACE AVAILABLEIn a time of rapid change, where trust in corporate and public leadership is faltering and new and complex risks are emerging, Internal Audit can add exceptional value.

Embark on an educational journey rich with insights for internal auditors at every level.

Expand your network, deepen your knowledge of internal audit and experience the sights and multicultural offerings of Nova Scotia!

The 8th Annual Canadian National Conference of The Institute of Internal Auditors will help you and your team “Navigate the Future” by connecting you with exceptional key note speakers, panelists and thought leaders who will share insights on issues impacting the profession across four streams of learning:

• Risk Management and Fraud Detection - All Hands on Deck

• Setting Sail to Inspiring Leadership and Leading Practices

• Perspectives in Public Sector Auditing

• Steering Toward Secure Information Technology and Management

IIA CANADA NATIONAL CONFERENCEHALIFAX Marriott HarbourfrontSeptember 25 – 28, 2016

REGISTER NOW AT

www.iiacanadanationalconference.com

Page 5: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

The IIAC’s National Conference remains Canada’s

only dedicated conference for internal audit, risk,

control and governance-related professionals.

Delegates will receive knowledge and insight from

professionals involved in every aspect of

the profession.

High profile thought leaders will come together on

emerging issues of relevance to both public and

private sectors.

Not only will the focus be on audit leaders and

practitioners, it will also engage audit committees

and other leaders in strategic discussions on

oversight, leadership, strategy and organizational

performance.

HALIFAX Marriott HarbourfrontSeptember 25 – 28, 2016

NATIONAL CONFERENCECONFÉRENCE NATIONALE

REGISTER NOW AT www.iiacanadanationalconference.com

INSIGHTFUL KEYNOTEs

Bruce KirkbyWilderness writer and adventure photographer,

The Globe and Mail Columnist, author of

two bestselling books, and a multi-National

Magazine Award winner, Bruce Kirkby is

recognized for connecting wild places with

contemporary issues. Encouraging audiences to

get out of their comfort zones, think creatively,

and take calculated risks, his belief in human

potential is contagious.

Todd HirschATB Financial’s Chief Economist Todd Hirsch

is one of the country’s most sought-after

speakers on the economy, with over two

decades of experience as an economist,

professor and commentator. In clear-eyed,

energetic talks, he demystifies wealth and

the economy and answers vital questions. He

provides economic commentary for CBC, CTV

and the BBC, among others, and is a regular

columnist for The Globe and Mail.

Page 6: September 2016’s Highlights - Chapters Site · 2 28 Sep 2016 Organizational culture is the great driver and enabler; it has a pervasive and critical influence ... 2 26 Sep 2016

The First Annual Spokane Auditors Forum

Presented by:

October 12-13, 2016

In partnership with:

SPOKANE, WA - VENUE TO BE ANNOUNCED

CPE Credits: 16

TOPIC:Assuring Audit Relevance

PRICE:$290 per personbefore August 30, 2016.

After August 30, 2016, $390 per personFull time college student $25 (limit 10)

KEYNOTE SPEAKER:Jack HeathPresident and COO, Washington Trust Bank

OTHER SPEAKERS:Jeff SacksPartner, Crowe Horwath

Jack JonesAuthor and Risk Expert, RiskLens

Viney ChadhaAuthor and Risk Expert

PANEL DISCUSSIONS:Spokane Business LeadersChief Audit Executives

Sponsored by: ACL, Crowe Horwath LLP, Price

Waterhouse Cooper and Moss Adams LLP.