Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course is designed to explore how a small business can avail of the benefits of Internal Audit without establishing a dedicated audit department. The course will examine:
- Who can perform the Internal Audit function, such as an owner/manager or external party, and any limitations regarding independence.
- The benefits an internal audit function can provide to any size of organization, such as improving efficiency of operations and reducing the likelihood of fraud.
- How to implement an Internal Audit Charter that defines the roles and responsibilities of the auditor.
- Best practices for risk identification and how to implement preventive and detective controls such as a whistleblower hotline and account reconciliations.
- How the Internal Audit function is adapting to the requirements of ESG (environmental, social & governance); Cyber Security, Artificial Intelligence and Big Data.
Schedule
- June 24, 2024, 9:00 a.m. - 12:30 p.m.
- June 25, 2024, 9:00 a.m. - 12:30 p.m.
Key Takeaways
This seminar will help learners to:
- Establish an Internal Audit function.
- Define the responsibilities of an Internal Auditor.
- Identify appropriate preventive and detective internal controls.
- Examine some recent frauds and bankruptcies and how the Internal Audit role failed its mandate.
Who Will Benefit
This course will be of interest to management, auditors, members of the Audit Committee and other oversight bodies.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Philip Maguire is a Chartered Professional Accountant and Chartered Accountant who received his designation while employed at Ernst & Young (formerly Clarkson Gordon) and a Certified Information Systems Auditor finalist. Philip is a principal in Glenidan Consultancy Ltd., an accounting practice that specializes in Compliance and Internal Audit. Philip has over 30 years of business experience in Canada, Hong Kong, the Philippines, Ireland and the United States. His organization has implemented a number of assignments across a variety of industries for companies with market capitalizations ranging from $50 million to $2 billion. Before he formed Glenidan Consultancy in 2005 Philip was a Vice-President of Finance at one of the country's largest financial institutions. Philip has spoken at a number of accounting conferences across Canada.