HighlightsAGM 2018

ResourcesLEARNING

EventsUPCOMING

I S S U E 0 3 • S E P T E M B E R 2 0 1 8

IIA Toronto Chapter

From the president

Dear Members,

Through my volunteering journey with the IIA,

I have found my experience very rewarding and

have had the opportunity to meet and work with

amazing people. I am grateful for the opportunity

to continue to be involved in a leadership role

with the Toronto Chapter.

We live in interesting times as internal auditors …

Our success is dependent on stakeholders

recognizing the value we bring to an organization.

With the rapid evolution of artificial intelligence,

technological innovations, geopolitical and

macroeconomic pressures the profession’s needs

are changing! This change will redefine how we

deliver value, and will provide a lot of opportunity

for us to guide the organizations we support as

we provide our stakeholders a clear view on how

the organization is managing its risks.

According to the 2018 North American pulse of

Internal Audit survey, accounting and finance

remain the most recruited academic degree for

internal audit. However, IT related degrees such

as data science and information systems are now

a close second. In the future, internal auditors

will be from more and more non-traditional

backgrounds as demands for our profession

evolve.

I look forward to supporting and embracing this

journey with our members!

Over the past year we had more, well received

educational events than ever! This was on top of

a very successful one-day seminar in May, which

helped kick off the celebration of May’s Internal

Audit awareness month on the Future of Internal

Audit.

We had two full day sessions for the South Western

Ontario members and a very successful breakfast program

for the Public Sector. We look to continue to support

bringing great sessions to South Western Ontario and the

Public Sector.

Our CAE round tables hosted by PwC have provided an

opportunity for benchmarking, development and

networking.

Congratulations to Andrea Leon (Chair of the GTA

Education Committee) for winning the Volunteer Of The

Year Award.

Thank you to the sponsors who supported our chapter

throughout the year PwC, Deloitte, Protiviti, Wolters

Kluwer , Economical Select, KPMG, Crowe Horwath, EY,

MNP and Caseware.

Last but most important, I would like to thank all our

volunteers for your continued support and dedication to

our profession! We encourage that anyone interested in

volunteering to please reach out to, Chair of the Volunteer

Committee Sylvester Pih (sylvester.p@gmail.com) or the

IIA chapter administrator Joan Rainville

(administrator@iia-toronto.org).

I would like to thank our executive team, Alan Tsang

(Chapter Senior Vice President), Neil Power (Chapter Vice

President -Programs), Troy Purvis (Chapter Vice President

-Administration), Sohail Choksy (Chapter Treasurer), and

Marina Khan (Chapter Secretary) for all your support and

dedication to the Chapter.

Stay engaged. Stay connected.

Margaret Pacheco

P R E S I D E N T @ I I A - T O R O N T O . O R G

HIGHLIGHTS FROM AGM 2018

2018 - 2019 Slate of Governors Elizabeth Gitajn, Hudbay Minerals

Roman Kanter, BMO Financial Group

Pauline Kay, Ontario Power Generation

Jeff McIlravey, University of Toronto

Ka-On Tong, Detour Gold

Herman Van Meeteren, Hudson's Bay

Company (Chair of Governance)

Bruce Webster, PricewaterhouseCoopers

LLP

Kris Wentzel, Deloitte LLP

SECOND YEAR OF TERM

Treasurer: Sohail Choksy, MNP LLP

Governors

Ram Balakrishnan, Protiviti

Peggy Gilmour, Metrolinx (Chair of Board)

Genevieve Leong, KPMG LLP

Tony Malfara, KPMG LLP

Richard Maingot, Brookfield

Geoff Rodrigues, MNP LLP

Scott Page, LifeLabs

Craig Pattinson, Bell Canada

Jeremy Picco, PRA Group

Retiring Governors and Executives Service Awards

Jacqueline Bukaluk, CRMA

Jim Barbour, CIA CRMA CFSA

Steve Hack, CIA

Matthew Lowe, CIA

2018 - 2019 Slate of Officers

President: Margaret Pacheco, TD Financial Group

Senior Vice President: Alan Tsang, Onex Corporation

Vice President Programs: Neil Power, Hydro One

Vice President Administration: Troy Purvis, Maple Leaf

Foods

Secretary: Marina Qureshi, LifeLabs

The IIA Toronto Chapter's Officers and Governors are elected on the day of the Annual General Meeting for a specified term that commences immediately. This year, the 74th Annual General Meeting took place on May 29, 2018 at the Omni King Edward Hotel where the following individuals, who were duly nominated, were voted into the Chapter's Executive Team and Chapter's Board of Governors.

Hello, Goodbye! THANK YOU ! The chapter trulyappreciates their countlesshours of service and thoughtleadership that has benefited allour members.

JOIN US FOR THE IIA CANADA NATIONAL CONFERENCE

You’ll find a gathering of internal auditors of all levelsfacing new opportunities to challenge existing internal auditpractices and methodologies. This agility will supportfaster, smarter and more focused responses to new risks,threats and disruptions. Our keynote speakers will focus on ethics/fraud,technology, the public sector, leading-edge practices andsoft skills, and will provide already developed tools andtechniques on how to innovate internal auditors to embracechange and succeed in a constantly evolving environment. Gain valuable insights, network with your peers, and earnCPD credits.

Join us September 30 to October 3 for the Internal

Auditors Association of Canada’s National

Conference (IIAC). This year’s 2018 Conference

theme is “The Agile Auditor in an Age of Disruption.”

LEARN MORE & REGISTER HERE

https://iiacanadanationalconference.com/

 

Quest for Learning!Visit the links to learn more about the intriguing topics! The Human Side of Transformation More organizations are making strides with digital transformationinitiatives, but the human side could be pushing it back as it pushes itforward. • Productivity Gains Slow • Digital Characteristics • Learning to Try Established companies must find ways to experiment to compete in thefuture, while also maintaining the core business to remain competitive inthe present. https://goo.gl/WVQrcm eBook: Deep Dive into SOX Compliance Staying compliant with the Sarbanes-Oxley Act is becoming increasinglychallenging, as new regulations have been proposed by the PCAOB. ThiseBook reviews the current climate of SOX compliance and provides 3steps you can take to establishing a cost-effective method tosafeguarding your organization. https://goo.gl/i8krBU Only 13% of CAEs adopt new technology Are you a driver for new technologies and processes to elevate youreffectiveness? The 2018 Pulse of Internal Audit indicates that 62% ofCAEs state that staff is a key driver. https://goo.gl/E17ptK A majority of the most sought-after skills are technology related. Are youplaying a role in driving technology to meet your stakeholders’ needs? Global Knowledge Briefs Global Knowledge Briefs expand The IIA’s commitment to developingglobal thought leadership by frequently delivering articles that provideinsight and direction on key global issues. This new informative contentseries is an IIA member benefit and is available to IIA members only. https://goo.gl/Am5bjQ Now Is the Time to Add the Center to your resources The Environmental, Health & Safety Audit Center represents The IIA'scommitment to EHS auditing by offering unique and meaningful solutionsto today’s EHS challenges. Members enjoy discounted rates for exclusivethought leadership, free webinars, and specialized training opportunities https://goo.gl/qn8uy

VOLUNTEERING, NETWORKING & TEAMBUILDING EVENT FRIDAY, SEPTEMBER 14, 2018 8:30 A.M. TO 1:00 P.M.

With the generous support of our Sponsors, listed below, the IIA Toronto Chapter is hosting ahalf-day volunteering event on the morning of September 14, 2018. This event is not only angreat opportunity to kick-start your weekend early but also to make a positive impact in yourcommunity while spending time with your teams and networking with industry peers. Attendees will receive a free IIA T-shirt, a BBQ lunch will be provided at noon and there is nocharge for attending. Volunteers are permitted to sign up and bring a guest. Full details andsign up link below. McQuesten Urban Farm is an innovative neighbourhood initiative that provides anopportunity for volunteers to come together and support the community in the struggleagainst food insecurity. Volunteers from the Toronto Chapter and Internal Audit Industry will be spending the morningat McQuesten Urban Farm to serve the community by harvesting vegetables. Volunteeringefforts help ensure that everyone, despite their socio-economic status, have access tohealthy and nutritious food. Volunteers will enjoy some professional networking, community service and team building. Volunteers will enjoy some professional networking, community service and team building. The costs of this event have been generously covered by our Sponsors, and this event isfree for members of the Toronto Chapter and those in the Internal Audit industry. Breakfast (tea/coffee/muffin/snacks) and a lunch BBQ will be provided. Registrants willreceive a free t-shirt. Please remember to wear clothes that you feel comfortable gardening and socializing in. Hope to see you there! There is a maximum number of registration spots, so register early and don't bedisappointed. Please cancel your registration should you no longer be able to attend, or notify the Chapteroffice at 416-223-5326 or administrator@iia-toronto.org.

McQUESTEN URBAN FARM

785 Britannia Avenue, Hamilton, ON

UPCOMING

CHAPTER EVENTS

WEBINAR Members-only Webinar-It Belongs in aMuseum! - A Data-Driven Culture for InternalAudit Via ON24 9/11/2018 1:00 PM - 9/11/2018 2:00 PM Speakers - Jasbir Singh and Kevin Leung,Canada Revenue Agency Ottawa, Ontario,Canada CHAPTER TRAINING Let's Get Interactive With Blockchain The Albany Club - 91 King Street East;Toronto, ON M5C 1G3 Canada – Ontario 9/25/2018 8:00 AM - 9/25/2018 10:00 AM Speakers – Behram Faroough, Asif Qayyum,Soumyajit Haldar, PwC CHAPTER TRAINING Cannabis Legalization-How are youManaging Your Workplace Risks The Albany Club - 91 King Street East;Toronto, ON M5C 1G3 Canada – Ontario 10/3/2018 8:00 AM - 10/3/2018 10:00 AM Moderator - Neil Power, Director of InternalAudit at Hydro One Panelists – Zamina Walji, PwC & Fiona Brown, Aird & Berlis CHAPTER EVENT Cambridge Event-Emotional Intelligence,GDPR and the Blurred Lines of Defense Sunbridge Hotel & Conference CentreCambridge (formerly the Holiday Inn) Canada – Ontario 10/12/2018 8:15 AM - 10/12/2018 3:00 PM Speakers – To be Announced

Contd. on next page

Mark your  Calendar

Chapter Events

I I A T O R O N T O

SEMINAR

Canadian Small Audit Shop Doing More

with Less

Global Knowledge 595 Bay St., Suite

302, Toronto M5G 2C2

Canada - Ontario

10/25/2018 8:30 AM - 10/26/2018 4:30

PM

This class is a forum for auditors from

small audit shops to discuss their

challenges/opportunities and share

their leading practices. Auditors from

large (7-10 auditors), medium (3-6

auditors) and small (2 or fewer

auditors) small audit shops have

attended. The facilitator for this course

is Julie Perras.

CHAPTER TRAINING

Decoding Ethics in the Digital Age

The Albany Club - 91 King Street East;

Toronto, ON M5C 1G3

Canada – Ontario

11/1/2018 8:00 AM - 11/1/2018 10:30

AM

Speaker - Scott Page, CPA, CA, CIA,

CRMA, CCSA, Life Labs

CHAPTER TRAINING

Insights into Auditing Artificial

Intelligence

The Albany Club - 91 King Street East;

Toronto, ON M5C 1G3

Canada - Ontario

11/7/2018 8:00 AM - 11/7/2018 10:00

AM

Speakers – Carl Barrelet, Charles

Tsang, KPMG

SEMINAR

CIA Learning System Comprehensive Instructor-led Course Part 1

Global Knowledge, 595 Bay St. Suite 302, Toronto M5G 2C2

Canada - Ontario

11/14/2018 8:30 AM - 11/15/2018 4:30 PM

Speakers – To be Announced

CHAPTER EVENT

Why it's Important to Articulate Cyber Security Risk to Your Board

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

Canada - Ontario

2/20/2019 8:00 AM - 2/20/2019 10:00 AM

Speakers – Rick Haier & Neil Power, Hydro One

CHAPTER EVENT

Why IT Governance is More Important Than Ever

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

Canada - Ontario

4/17/2019 8:00 AM - 4/17/2019 10:00 AM

Speakers - To be Announced

Congratulations Lal from the IIA Toronto Chapter!Lal has been selected to receive a 2018 Ted Keys Honorable

Mention for his article, “Focus on the Three Es,” published in

“Back to Basics” in the October 2017 issue of the Internal Auditor

Magazine. The article was selected for its outstanding quality,

clear presentation of ideas, practicality, and relevance to the

continuing practice of internal auditing.

Our very own

Lal Balkaran has been

recognized by the

Internal Auditor

Magazine

Are you interested to part of the internal auditor's professional community in Toronto?

Are you interested to discuss your industry-specific internal audit best practice and to

share your own experiences?

Are you willing to be timely notified about the IIA Toronto chapter's training and other

events?

Are you interested be connected with the most internal audit professionals in the GTA?

You are invited to join the IIA Toronto Chapter LinkedIn and Twitter page!

Coming Soon!

Special Thanks to our Sponsors!