2024

IIA Winnipeg Chapter

Emerging Trends in Internal Audit Summit (Virtual)

Date: Thursday, October 24, 2024

Time: 8:00am to 4:00pm CST

 

 

 

 

 

8:00am to 9:00am - Cameron Ollenberger & Dhriti Keshwani, MNP - Data Analytics Best Practices

9:00am to 10:00am - Andrew Cook, IIA - Global Internal Audit Standards

10:00am to 12:00pm - Elizabeth McDowell, Audit Forward - Agile Audit

12:00pm to 1:00pm - Lunch

1:00pm to 2:00pm - Maris Sekar, Equite Association - Exploring the Use of Generative AI in Fraud: Challenges in Detection and Prevention

2:00pm to 4:00pm - Joseph Horowitz, Stetson Cybergroup - Cybersecurity 2024 – The Mission is Clear!

SPEAKERS AND TOPICS

Cameron Ollenberger & Dhriti Keshwani, MNP

Today’s Internal Audit functions must continue to develop and mature in their data analytic usage and capabilities, otherwise, they risk becoming irrelevant to their stakeholders. During this presentation, we will explore how to measure your analytic maturity and identify the required mechanisms that should be in place to properly govern data analytic processes within Internal Audit. We will also look at how to utilize analytics through the full audit lifecycle, from the audit universe to engagement completion. Finally, we will review common mistakes that Internal Auditors should avoid, to ensure your analytics are successful.  

Cameron is a Partner in Enterprise Risk Services in Calgary, Alberta with over 20 years of Internal Audit, Internal Controls and Regulatory Compliance experience. Cameron has been utilizing data analytics for over 15 years to maximize insights, increase assurance and enhance the efficiency and effectiveness of the engagements he completes. His analytic experience has covered a wide array of business areas including financial operations, asset and work management, project management, supply chain, and IT. Cameron’s Internal Audit engagement experience also includes risk areas that are top of mind for today’s audit boards including business continuity, anti-bribery anti-corruption, as well as sustainability, environmental and social reporting. Prior to Joining MNP Cameron held audit roles with ATCO, TransAlta and the Alberta Gaming and Liquor Commission. Cameron is also the current President of the Institute of Internal Auditors (IIA) Calgary Chapter. 

Dhriti Keshwani is an Analyst for MNP’s Enterprise Risk Services’ Internal Audit and Data Analytics group, working out of the Calgary office. She is a recent graduate from the University of Calgary with a Bachelor of Commerce in Business Analytics. As a student, she was a Teaching Assistant for various Business Analytics courses, which included both graduate and undergraduate business courses. Much of Dhriti’s time is focused on auditing infrastructure companies in the Oil and Gas industry. She has acquired knowledge and analytical experience in the areas of Data Governance, Internal Controls, understanding and modeling Segregation of Duties, and audit testing on transactional data. Within the Public sector, she has worked with various market participants across Canada and previous clients include public universities, the Climate Readiness Ministry, and charitable organizations.

Andrew Cook, IIA

The effective date of the new Global Internal Audit Standards is fast approaching and conformance with the new Standards should be top of mind for those internal auditors working toward effectively elevating the quality of their internal audit function.  This session will discuss the format, content, and significance of the new Standards focusing on key changes internal auditors should consider during the implementation process.

Andy Cook is the Director of Professional Guidance for Financial Services at The IIA where he assists audit practitioners in understanding effective execution of internal auditing while leveraging The IIA’s International Professional Practices Framework and a worldwide network of subject matter experts.

Andy is a Certified Internal Auditor and received his master’s in business administration from the Weatherhead School of Management at Case Western Reserve University. Over the past 25+ years, Andy held internal audit management positions at National City Corporation, Nationwide Mutual Insurance Company, JP Morgan Chase, and most recently Huntington Bancshares Incorporated.

Elizabeth McDowell, Audit Forward

Learn the basics of agile auditing and transform your audit shop into an agile, trusted, and collaborative group that Audits Smarter, Not Harder!

In this session, participants will learn:

• The basics of agile methodology and agile internal audit.
• How to prepare agile artifacts and documents, including the planning canvas and audit report.
• How to more effectively partner with management and audit clients.

Agile Audit Overview

• What is the agile methodology, and how can it relate to internal audit?
• Traditional audit versus agile audit.
• Common agile audit pitfalls & how to avoid them.

Agile Artifacts & Documents

• Create an innovative, collaborative, and efficient audit planning canvas.
• Streamline your audit reporting with an audit report overhaul.
• Identify "quick win" data analytics that can improve all parts of the audit process.

Improve Client Relationships

• Actionable tips to turn clients into raving fans of internal audit!
• Create a sustainable, ongoing risk assessment process that includes client input and feedback.

Elizabeth McDowell, CPA, CIA has nearly 20 years of audit experience and is the founder of the Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recently recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. In addition to training and consulting, Elizabeth is an adjunct Professor of Accounting at Front Range Community College. Elizabeth's most recent industry experience was at Achieve, where she was the Senior Director, Audit Strategy: prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young. 

Maris Sekar, Equite Association

Exploring the Use of Generative AI in Fraud: Challenges in Detection and Prevention

With over a quarter of companies implementing bans on employee use of generative AI, it is crucial to recognize that this strategy alone may not fully mitigate risks. Generative AI is increasingly leveraged to deceive employees into disclosing sensitive information or authorizing fraudulent transactions. This technology can produce compelling yet fraudulent data, such as fake documents and financial statements, that closely mimic legitimate records. As a result, traditional fraud detection methods may struggle to identify such sophisticated fraud. The ability of generative AI to create realistic and deceptive content can expose vulnerabilities in existing fraud detection systems, heightening the risk of data manipulation and compromising the integrity of financial and compliance reporting. To effectively combat these risks, organizations need to develop and implement advanced strategies and controls explicitly tailored to address the unique challenges posed by generative AI.

Maris is a distinguished professional engineer and principal data scientist with a proven track record of leading innovative projects for prominent organizations, including PwC, Shell Canada, TC Energy, and the Equite Association. His deep passion for fraud analytics has earned him several prestigious awards and driven him to contribute significantly to the field through influential articles, published papers, and a groundbreaking book on applying machine learning in auditing and fraud analytics. Maris plays a crucial role in combating insurance fraud on a national scale. His expertise and dedication to advancing fraud detection and prevention make him a leading voice in the industry.

Joseph Horowitz, Stetson Cybergroup

Cybersecurity 2024 – The Mission is Clear!

Joe has comprehensive experience in all aspects of auditing, specializing in technology and non-technology risks and controls for a wide range of industries. These industries include government, healthcare, technology, cable & communications, consumer electronics, legal, and management consulting.

Joe's certifications include Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certified Information System Auditor (CISA), Certified Data Privacy Solutions Engineer (CDPSE), and Associate Certified Chief Information Security Officer (A-CCISO).

Joe is an active member of Information System and Controls Association (ISACA), International Information System Security Certification Consortium ((ISC)²), Association of Certified Fraud Examiners (ACFE), EC- Council, InfraGard (via FBI), and The Institute of Internal Auditors (IIA) where he is a board member for the Albany, NY chapter. Joe has a B.S. in Business, Management & Finance and A.A.S. in Accounting.

If you have any questions or concerns, please feel free to contact the IIA Winnipeg chapter at chapter33@iiachaptercommunications.org