internal auditors the institute of · 2019-05-28 · 2018-19 has been another successful year of...
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OTTAWA CHAPTER
THE INSTITUTE OFINTERNAL AUDITORS
2018 - 2019
ANNUAL REPORT
2018-19 has been another successful year of continuous improvement and progress for the Ottawa Chapter.In operation for 52 years with almost 1,300 members, we are one of the largest chapters in North America.We serve a fantastic and diverse membership base, spanning across a number of industries, with the coreindustry being federal government. This annual report summarizes our accomplishments over the past year, during which we have made manysignificant contributions in our local community. Our group of leaders have worked hard to support theevolution of quality services to our members and we have been able to achieve the following:- Strengthened ties with our community: We hosted high-quality networking events including the holidayparty and the Annual General Meeting (AGM). Each of which have reached capacity, demonstrating therelevance to the community.- Celebrated achievements of Internal Audit functions: We introduced the IIA Ottawa ChapterExcellence Awards, to be provided at the AGM. The selection committee was impressed by the number andquality of the applications received for this award. As a result, we are looking into designing a program in thenext year to showcase these activities across the community.- Strengthened communication with our members: We developed and executed on a strategy to rebuildand restructure our social media accounts, chapter newsletter, and chapter communications.- Promoted the Internal Audit profession to students: In conjunction with the Office of the ControllerGeneral, we designed and hosted a networking event between students and internal audit leaders.- Supported members in obtaining their CIA designation: We introduced and offered CIA Part 1, Part 2, andPart 3 training courses for the community. We are happy to see the commitment of members in obtainingtheir CIA designation.- Continued to support development of our internal audit community through innovative programofferings: Over the year we provided courses focused on emerging issues such as How to Build an InnovativeCulture, Program Transformation, UK delegation on Fraud, and Event on Blockchain Technologies. Duringthese events, we brought local and global leaders to discuss topics of relevance to the community. In somecases, these events were hosted in conjunction with strategic partners including the Office of the ControllerGeneral and Institute of Corporate Directors Ottawa Chapter. Going forward, our training program willcontinue to evolve to focus on innovation and soft skills, essential for the audit leader of tomorrow.- Operated in a financially sustainable manner: We have been working on restructuring our financialmodel. Beginning this year, IIA courses are being offered by IIA Canada as opposed to the Chapter, whichimpacted our Chapter’s funding model. While we work on transitioning and restructuring our programmingmodel to accommodate this change; the Board of Governors made a decision to draw down on reserves tosupport a consistent level of service for our members.- Leveraged sponsorship contributions: We are continuing to implement a sponsorship program for events.We offering sponsorship opportunities for organizations from the provision of space for events to thecontribution of funds. We have been able to achieve as much as we have because of the strength of our Board of Governors, as wellas the strong support from the internal audit community. I want to personally thank you for supporting ourChapter. We could not do this without you and at the end of the day, our success is because of your support. I look forward to continuing to lead this chapter into the upcoming year and overseeing a program ofcontinuous improvement and progress. Sincerely, Clarissa Crane, CPA, CA, CIA, CRMA
President, Institute of Internal Auditors, Ottawa [email protected]
PRESIDENT'S REPORT
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The Institute of Internal Auditors - Ottawa Chapter (the Chapter) is anon-profit corporation empowered to perform any and all acts whichare defined in the Certificate of Incorporation and the Bylaws of TheInstitute of Internal Auditors (IIA), Inc. Our activities support themissions of IIA Global and IIA Canada, and are focused on IIA membersin the National Capital Region and employees of the Government ofCanada (nation-wide). The Chapter’s activities are largely organizedand overseen by members on a voluntary basis, led by the Chapter’sBoard of Governors and Committees of the Board.
The Ottawa Chapter’s main activities include organizing professionaldevelopment events; promoting and advocating for the profession;providing opportunities for members and other stakeholders to shareknowledge; liaising with IIA Global, IIA Canada, other CanadianChapters and other stakeholders and partners; and participating innational and international committees.
IIA OTTAWA - AT A GLANCE
OUR MISSION
Promote andAdvocate for theInternal AuditProfession
Deliver High-qualityTraining
Share Knowledgeand Best Practices
WHO WE ARE AND OUR FOCUS
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2018-2019 IN REVIEW
1,262Total Members
148 New Members
New certifications earned by members
in Ottawa
CERTIFICATION REPORT
144+ Followers
285+ Followers
Updated Newsletter
Format
Updated Website
N E W N E W
@keepingupwith.iiaottawa
COMMUNICATIONSREPORTC
@IIA Ottawa Chapter
https://chapters.theiia.org/ottawa
FINANCIAL HIGHLIGHTSBOARD OF GOVERNORS
President of Chapter Clarissa Crane
Vice President of Strategy Claudine Hebert
Vice President of Operations Ziad Shadid
Treasurer Robert Rae Secretary
Andy Bethune Chair of Programs
Khalid Zeroual Past President of Chapter
Joe CarpinoneCo-Chair of Programs
Lorne PowellChair of Memberships
Julie BouchardChair of Certifications
Maureen SlaterChair of Events
Jacqueline StescoChair of Communications
Roxi Izquierdo YanezCo-Chair of Communications
Jessa Villena Representative of Treasury Board of
Canada Secretariat Tricia Goulbourne 4
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In 2018, the IIA modified its training delivery model. This model reduces the revenue the Chapter receives from delivering IIA courses. The Board made a conscious decision to maintain services to Members while working through alternative training program options to addressthe gaps in the funding from this new model. As a result, total revenues fell 51% year over year whiletotal expenses were reduced by 37%. Programsrevenues including training and lunch and learns fell54% over the prior year while the expenses fell 35%. Weare therefore projecting a net deficit of $33K for fiscal2019 which aligns to the budget. This compares to anet deficit of $11.7K for fiscal 2018. We are funding ourdeficits through our reserve of cash at hand. The CIA Parts 1, 2 & 3 training courses have provenpopular and may help stabilize revenues goingforward. The Chapter is also hosting the 2021 TheInstitute of Internal Auditors National Conferencewhich should continue to contribute to our reserve.
PROGRAMS & LEADERS EVENTS
SEPT 2018
Fraud Detection Course
OCT 2018
Intro to ACLNOV 2018
Tools &Techniques 1 forNew Internal Auditors(Hosted by IIA CANADA)
Audit Leaders and Students Networking event
MAR 2019
DEC 2018Lunch and Learn on
Fraud Detection withthe UK Delegation
IIA Ottawa AnnualHoliday Event
Enterprise RiskManagement Course
(Hosted by IIA CANADA)
CIA Part 2 CourseAPR 2019
Audit LeadersSeries:ProgramTransformation
MAY 2019CIA Part 3 Course
Annual GeneralMeeting
Offered over130 CPE hours
of Training
Overall feedbackfrom the courseevaluations werestrongly positive!
JAN 2019CIA Part 1 Course
ICD Audit LeadersEvent on BlockchainTechnologies
Breakfast Session onthe Agile Auditor
Success rate ofstudents whowrote the CIAfollowing the
course has been100% thus far!
Participants at our Training Events
210
Participants at our Audit Leaders
Events
170
5Register Now
Participants at our Networking Events
275
Jun 2018
Audit Leaders Series: How to Build an Innovative Culture
Spots Available!
Moving forward into the new Calendar year, the Ottawa Chapter is offeringour members courses that will enable them to continue to develop intohigh-quality auditors and audit leaders through soft skills and technical skillsprogramming. Additionally, the Chapter will continue offering the CertifiedInternal Auditor preparatory courses to support the only internal auditdesignation accepted worldwide. Our full training program is available onour website. In order to achieve this, the Ottawa Chapter will continue to engage with itsstakeholders and members to identify relevant and impactful training. If youhave seen an interesting course or speaker that you would like to bring toOttawa on a topic relevant to members or have a topic relevant to members,please send an e-mail directly to [email protected]. Please includea description on the speaker, the topic, and why the course would berelevant to members. We would love to consider your recommendation. To make our courses more cost effective, we are looking to host our trainingevents at organizations. If you have a room that can accommodate groups of30 to 150 attendees and are interested in hosting an event please send us ane-mail at [email protected]. Please let us know how manyindividuals you location can accommodate. Information on othersponsorship opportunities will be available on our website soon. Do follow us on LinkedIn and Instagram to make sure that you are receivingthe most up to date information on chapter offerings. If you are notreceiving our fantastic monthly newsletter on events, please do send us anote to [email protected] and let us know. We will look into theproblem!
@KeepingUpWith.IIAOttawa
@IIA Ottawa Chapter
https://chapters.theiia.org/ottawa
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