2025

IIA Winnipeg Chapter

Winter Lunch and Learn (Virtual)

Presentation: New IPPF – Quality Assessment Challenges and Opportunities 2025 and Beyond - Roundtable

Date: March 6, 2025

Time: 9:00am to 10:30am CST

In 2024, the IIA issued an update to the IPPF, including new Global Internal Audit Standards. The Standards contain many updates and clarifications to enhance the profession of internal auditing, some of which will have an impact on external quality assessments. The new Standards also seek to elevate the quality of the assessments by requiring an internal audit function to demonstrate not only conformance but also performance. Internal audit functions and external quality assessors may face challenges and opportunities from the new requirements.

In this roundtable open discussion, you will gain knowledge and insight on how: (1) the new Standards will impact future quality assessment reviews; (2) to successfully prepare, and (3) to effectively implement the new Standards to ensure that internal audit provides the best possible quality service to their organization.

SPEAKER

Warren Hersh, CIA, CPA, CISA, CFE – Director, IIA Quality Service 

Warren Hersh is the Director of Quality Services for the IIA. He was previously Comptroller for the Central Florida Regional Transportation Authority (LYNX), Auditor General and interim CFO for New Jersey Transit, and Internal Audit Director at Jefferson Wells (now Experis) and BDO Seidman. With 40+ years of experience in internal auditing, quality assessment, risk management, fraud prevention/detection, project management, business process analysis/improvement, corporate governance, and IT, he has conducted external quality assessment reviews in many industries and has also helped to establish and improve internal audit functions.  Warren served on the IIA’s International Internal Audit Standards Board for 11 years and the International Public Sector Committee for three years.  Warren previously served as the President of IIA–Philadelphia and is currently on the Chapter Audit Committee. He presents frequently at industry conferences and is a CIA, CPA, CISA and CFE.

Keltie Donohue , CIA, CA, CMA – Independent Consultant

Keltie Donohue is an independent internal audit consultant providing advice and guidance on governance, risk management and controls. She is a former Deputy Managing Director of Audit at the Bank of Canada. She has 30+ years of experience in internal audit, strategic planning, risk management, business planning and performance management. Since retiring, Keltie has focused primarily on conducting internal audit quality assessments across federal, provincial, and municipal levels of government as well as financial and investment institutions, professional services firms, and other central banks. Keltie is a Chartered Professional Accountant, Certified Management Accountant, and Certified Internal Auditor, and holds a bachelor’s degree in mathematics from the University of Waterloo.

Keith Kahl, CIA, CPA, CFE, CRMA, CGMA - Independent Assessor

Keith is a qualified External Quality Assessor for IIA Quality Services LLC and a Senior Advisor to the IIA’s IA Foundation on the Vision 2035 project. Previously, he served as a Chief Audit Executive for twenty-two years, leading internal audit teams that performed advisory and assurance engagements covering enterprise risks such as financial, cybersecurity, information technology, business operations, manufacturing, ESG (environmental, social and governance), ethics/compliance, and fraud. His total career spanned 40 years in external and internal audit, tax, finance and accounting, investor relations, and operations at global, multi-billion dollar, NYSE companies. He also devotes time to charity activities as an active board member of Changing Young Children’s Lives through Education (CYCLE) and is an advisory board member for Bauer College of Business Accounting Advisory Board. Keith has a BBA in Accounting from Cleveland State University (Cleveland, OH) and an MBA in International Business from DePaul University (Chicago, IL), and is a Certified Internal Auditor, Certified Public Accountant, Certified Fraud Examiner, Chartered Global Management Accountant and holds a Certificate in Risk Management Assurance.