Welcome to the IIA Toronto Chapter!

Incorporated in 1944, TORONTO was the eighth IIA Chapter to be formed and is currently the second largest in the world with over 2,800 members. The Toronto Chapter represents not only Members of the IIA in the Greater Toronto Area, but it also represents Members of the IIA that reside in South-western Ontario, Northern Ontario, and parts of Eastern Ontario.

We Are Celebrating Our 80th Anniversary!!!

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2024 Global Internal Audit Standards

The new Global Internal Audit Standards have been released on January 9, 2024 and will become effective January 9, 2025. Early adoption is encouraged. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, remains approved for use during a one-year transition period.

The Standards guide the worldwide professional practice of internal auditing, are principle-based, and serve as a basis for evaluating and elevating the quality of the internal audit function. At the heart of the Standards are 15 guiding principles that enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation, and examples of evidence of conformance. Together, these elements help internal auditors achieve the principles and fulfill the Purpose of Internal Auditing.

ACCESS THE NEW GLOBAL INTERNAL AUDIT STANDARDS

Welcome to the IIA Toronto Chapter

Incorporated in 1944, TORONTO was the eighth IIA Chapter to be formed and is currently the second largest in the world, with over 2,800 members. The Toronto Chapter represents not only Members of the IIA in the Greater Toronto Area, but it also represents Members of the IIA that reside in South-western Ontario, Northern Ontario, and parts of Eastern Ontario.

Contact Us

Phone: (416) 474-8072

Email: administrator@iia-toronto.org

Mailing Address

Suite 275
6 Belsize Drive
Toronto ON, M4S 1L4

Getting Involved

Please contact Jen Baker at administrator@iia-toronto.org to learn more about the annual nomination process for Governor / Executive Roles or to express an interest in getting involved in a volunteer role on one of the Executive Committees.

If you would like, volunteer at a Chapter training or event.

Chapter Officers

Sharon Mohip, CIA, CPA, CA, CFE, CICA

President

Anjela Bhalla, CPA, CA

Senior Vice President

Adeena Adam

Vice President, Administration

Jayrani Bungsy, CIA, FCCA, Global MBA

Secretary

Andrew Krupowicz, CPA, CA, CISA, CIA

Vice President, Membership and Certification

Ada Leung

Vice President, Programs

Colin Shaw, CIA, CRMA

Past President

Building Awareness Champions

We are pleased to be a 2023 Building Awareness Champion!

During Internal Audit Awareness Month in May, we shared our passion for internal auditing, promoting the profession through a variety of events and campaigns designed to inform and engage, raise awareness, and help stakeholders understand the value of internal audit in their organizations.

Board of Governors

Margaret Pacheco, CIA

Governor, Chair of Board

Stephen Hack, CIA

Governor

Colin Shaw, CIA, CRMA

Governor

Robin Taylor

Governor

Jen Pavlov

Governor

Veronica Bila, CIA

Governor

Danny Cooper, CIA, CRMA

Governor

Ziad Akkaoui, CIA

Governor

Ingrid Robinson, CIA, CRMA

Governor

Neel Shah, CIA

Governor

Vinayak Bindal, CIA

Governor

Board Committees

Colin Shaw

Chair, Nomination Committee

Robin Taylor

Chair, Governance Committee

Veronica Bila

Chair, Audit Committee

Ingrid Robinson

Chair, Advocacy Committee

Margaret Pacheco

Chair, Academic Relations

Executive Committees

Sylvester Pih

Chair, Volunteers

Joe May

Chair, SWO Region

Akhil Gaind

Co-Chair, GTA Programs

Jessie Wu

Co-Chair, GTA Programs

Nick Rolfe

Chair, Public Sector

Carlo Baptista

Chair, Employment Services

Bennet Chan

Co-Chair, Technology

Neil Power

Co-Chair Technology

Ramneek Bhoday

Chair, Hospitality

Chris Wu

Chair, Communications

Christina Howitt

Co-Chair, Annual Symposium

Neil McIntyre

Co-Chair, Annual Symposium

Logi Kanap

Chapter Historian

Jen Baker

Chapter Administrator

The holidays have flown by, the new year has been rung in, and the kids have returned to school. 2024 is in full swing! In April, the Toronto Chapter of the Institute of Internal Auditors (“IIA”) will celebrate its 80th anniversary and we look forward to celebrating throughout the year with you. There are many things to look forward to with the Chapter, as we make this the Chapter’s best year yet!

The Toronto Chapter represents not only members of the IIA in the Greater Toronto Area, but also those that reside in South-western Ontario, Northern Ontario, and parts of Eastern Ontario. With over 2,800 members, the Chapter’s goal continues to be advocacy for our members and the profession. The Chapter is focused on initiatives and activities that will propel the achievement of our strategic objectives and goals in 2024.

Learning and Development

Remaining relevant in the internal audit profession is front of mind for all auditors. The Chapter will continue to offer world class training opportunities for members and non-members. With the successful return of in-person events, the Chapter will continue to offer in-person, hybrid, and virtual events; to ensure we are reaching and meeting the training needs of our members near and far. For the remainder of the Chapter’s fiscal year (January 1 to May 31, 2024), there will be seven (7) industry leading learning and development programs offered providing Continuing Professional Education (“CPE”) credits, including topics such as generative AI, the impact of the new IIA Standards, and public sector relevant sessions.

The New IIA Standards

After a multiyear process, the International Internal audit Standards Board researched and sought input from stakeholders, inviting public comment on the draft revision of the Global IIA Standards. The long awaited new Global IIA Standards will be released this month (January 2024) and the Chapter will remain vigilant to keep our members informed of the release and training opportunities. At this time, The IIA will be offering a free webinar, “Get to Know the New Global Internal Audit Standards” on January 24, 2024 (click here), in preparation for efficacy in 2025.

Chief Audit Executive (CAE) Roundtables and Emerging Leaders

The Chapter’s CAE roundtables continue, offering a forum for internal audit leaders to gather, interact, and exchange ideas. For the remainder of the fiscal year, there are four (4) in-person events. We anticipate one of the spring sessions to be targeted to emerging leaders. The Chapter’s Programming team has also begun activities to identify the demand for an emerging leader coaching series for fiscal 2025 (June 1, 2024 to May 31, 2025).

Upcoming Special Events

We have a variety of highly anticipated upcoming events and we hope to see you there!

New Member Event (January 17, 2024) – Our Membership Committee has planned a new member event welcome to be hosted at the Alexander Yacht Club (click here).
Annual General Meeting (“AGM”) and 80th Anniversary Celebration (April 26, 2024) – The Chapter will be celebrating its 80th anniversary as part of the AGM which will be hosted at the Hart House. Whether virtually or in-person, we hope to see you there. The day’s events will include a variety of speakers, CPE, special messages, and of course cake!
2024 Symposium (May 8, 2024) – The annual Symposium is back and will be a hybrid event! This year’s theme is, “A Growth Mindset – How Internal Audit Creates Value”. The Symposium will offer eight (8) CPE. For those attending in-person, there will be a networking reception at the end of event. For our virtual attendees, the networking breakout sessions will also be offered. Keep your eyes open for the “Early Bird” release date. You and your teams can take advantage of discounted and group pricing for a limited period of time before open registration.
Cirque du Soleil (June 2024) – The Chapter’s Hospitality team is hard at work organizing our second fiscal new year event. Once again, the Chapter is negotiating discounted member rates to attend Cirque du Soleil’s “ECHO” at the beginning of our new fiscal year (June 1st or 2nd, 2024). Details are to follow. The event will not disappoint!

The Chapter and all of its tremendously generous and dedicated volunteers are ready to make 2024 a rewarding year for all of its members. We are always open to new ideas and suggestions from our members, as we recognize the value of your contributions. Thank you for entrusting me with this position and providing the opportunity to give back to the internal audit profession.

I look forward to seeing you at one of our Chapter events.

Warm Regards,
Sharon

2024 Global Internal Audit Standards – Key Requirements

Join us for 2024 Global Internal Audit Standards – Key Requirements session hosted by Deloitte and IIA on Thursday, March 28, 2024. Timothy Scott (Partner, Deloitte), Joe Rauti (Senior Manager, Deloitte) and Turab Shah (Manager, Deloitte) will be speaking on the structure of the 2024 Global Internal Audit Standards, new requirements and major changes, and the shift in responsibilities among CAEs, Board and Senior Management. Please note there are limited spots for this event so kindly register as soon as possible.

Learn more

Unveiling the Future: Internal Audit's Journey Through Disruption (Part I) - Next Generation Internal Audit

Date: April 17, 2024
Time: 1:00 PM – 2:30 PM (EST)

Embark on a dynamic journey of internal audit transformation in our session, "Unveiling the Future: Internal Audit's Journey through Disruption." In Part I of this two-part webinar series, this engaging exploration revolves around reshaping audit practices at every stage of the internal audit lifecycle, in response to a changing landscape.

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SAVE THE DATE (April 26, 2024)! IIA Toronto Chapter Annual General Meeting

We are very happy to introduce one of our two keynote speakers, Jason Gilley, CPA! Jason is the Director of Governance, Risk & Control Advisory at the Ontario Lottery and Gaming Corporation (OLG). He holds the designation of Chartered Professional Accountant (CPA) and was recognized globally by The Institute of Internal Auditors (IIA) as a 2023 Emerging Leader. As a newcomer to the profession, Jason will be sharing his perspective on the value of pursuing a career in internal audit. He will also share his thoughts on the future of the profession and the evolving role of internal auditors as strategic advisors.

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Unveiling the Future: Internal Audit's Journey Through Disruption (Part II) - Digital Transformation and Innovation

Date: May 2, 2024
Time: 1:00 PM – 2:30 PM (EST)

In this Part II of the webinar series, “Unveiling the Future: Internal Audit's Journey through Disruption”, we delve into how digitization of the Internal Audit function aligns and mirrors a broader transformation taking place across the business landscape.

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CIA Syllabi & Exams ‒ Updated, Aligned, Focused

To assist our Certified Internal Auditor® candidates, please visit https://www.theiia.org/cia2025 for answers to common questions candidates may have related to the syllabi and exam updates starting in 2025.

2024 Global Internal Audit Standards

On behalf of the International Internal Audit Standards Board, we are pleased to announce the release of the Global Internal Audit Standards! The new Standards reflect a significant amount of work. The IIASB thanks the IPPF Oversight Council, IIA staff, and the countless internal audit professionals and stakeholders who contributed their time and feedback. We invite you to join us and other members of the Standards Board for a webinar on January 24, where we will discuss the contents of the new Standards and highlight the many ways in which the new Standards elevate the profession.

Naohiro Mouri, CIA, CPA
Chairman, International Internal Audit Standards Board

J. Michael Peppers, CIA, QIAL, CRMA, CPA
Immediate Past Chairman, International Internal Audit Standards Board

VIEW THE PRESS RELEASE

The new Global Internal Audit Standards are released on January 9, 2024 and will become effective January 9, 2025. Early adoption is encouraged.

The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, remains approved for use during a one-year transition period.

ACCESS THE NEW GLOBAL INTERNAL AUDIT STANDARDS

The release of the new Standards concludes a multiyear process through which the International Internal Audit Standards Board researched and gained input from stakeholders and practitioners around the globe. Read “Report on the Standard-setting and Public Comment Processes for the Global Internal Audit Standards."

DOWNLOAD THE REPORT

A “Condensed" version of the Standards – without the recommended guidance of the considerations for implementation and examples of evidence of conformance sections – is provided for practitioners who want a version that only includes mandatory guidance.

Condensed version of the Global Internal Audit Standards: Coming soon

Tailored Communication: Connect with Confidence

Every position at every level of an organization involves communicating with others. Effective communicators know that the key to success is being flexible to your audience, whether it is a one-on-one conversation, or communicating within a group. Adaptability and versatility in how we work with others are vital skills for success.

Chapter Positions Open

Vice President of Programing

The Vice President of Programming is accountable to the Chapter President. The Vice President of Programing is responsible for organizing and managing every aspect of planned events and reporting initiatives and outcomes of events to Executive team, the Audit Committee, and the Board.

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Secretary

The Chapter Secretary shall perform those duties delegated by the Chapter President or prescribed by the Board of Governors of the Chapter.

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Treasurer

The Treasurer is accountable to the Chapter President. The Treasurer is responsible for the custody of the Chapter’s assets and reporting on financial performance to the Executive teams, the Audit Committee, and the Board.

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2024-2025 Call for Nominations

The IIA’s (Toronto Chapter) Nominating Committee is seeking nominations for candidates to fill open positions on the IIA Toronto Board of Governors and the Chapter Officers for 2024-2025.

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Data Privacy and Fraud

The increased use of emerging technologies and social/digital media presents an increased number of new and unique challenges to data protection, as well as detecting and preventing fraudulent behavior. This session will focuses on the concept of ethical and sustainable data protection practices in the modern data driven world, and the importance of a strong ethical climate to cope with the ever-evolving technology. Register today!

Doing More With Less: Introduction To Lean And Applicability To Public Sector Internal Auditors

Details: IIA Toronto Chapter is excited to present a breakfast seminar that will focus on lean practices and principles and how they can be applied to public sector internal audits. Many public sector organizations are being asked to do more with less funding. There is an important role internal auditors can play in helping their organizations navigate these resource constraints. Register today!

A Tribute to John Robert Stuart Fraser

John Fraser's Tribute

AI CHANGES EVERYTHING IN THE PUBLIC SECTOR

The newest generation of AI technology is advancing fast and there is significant pressure for organizations to adapt quickly. AI-related risks can create barriers for organizations looking to adopt AI. This session will explore how this emerging technology is driving innovation and efficiency, evolving the risk landscape, and shaping risk and internal audit practices. Register today!

Webinar: A Week in the Life of an Agile Auditor, presented by Wolters Kluwer
September 12 | 1:00–2:00 p.m.

Mark Williams, Agility in Internal Audit consultant, coach, trainer, and keynote speaker, and Shawn O'Brien, TeamMate, provide a foundational look at the mechanics of agile auditing. This presentation includes a brief review of the elements of agile audit – what it is, what it is not, and the why – and closely examines what a typical week looks like in an audit project using these agile techniques.

FREE to register for IIA members.

IIA Toronto wishes eternal rest and peace for our beloved former Internal Audit Leader, Rui Senos (1957-2022).

Read the Tribute in our Newsletter

IIA Toronto Chapter At Cirque Du Soleil

June 10, 2023 - 2:30 p.m.

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Attention Toronto Chapter CIA candidates! Announcing the Gleim Scholarship Contest 2023.

The Toronto Chapter is happy to announce that we are giving away a full Gleim Scholarship.

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IIA Toronto Chapter – We Want To Know!

In order to make us a better Chapter, we would appreciate it if you can complete our Member Survey to better understand your needs. The survey will only take about 5 minutes to complete. We would appreciate any suggestions and comments you may have towards improving the services we provide.

A FINAL prize will be drawn for all those who completed the survey by March 31, 2023, when the survey will close (early birds too)."

Let's get started!

"S" From ESG Info Session For Public Sector Internal Auditors

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A Hands-on Approach to Data Analytics in Internal Audit

Join us for a session on a Hands-on Approach to Data Analytics in Internal Audit!

March 9, 2023 - Webinar - 12-2pm (EST)

The session will help you understand how data analytics can be applied across the internal audit lifecycle and you will get some hands-on experience on what and how to perform data analytics with sample data.

Virtual Town hall

Join us at our Virtual Town Hall! Hear from #TheIIA's Canada Advisory Committee, NorthAmerican Board, and leadership team on recent changes designed to bring value to yourmembership. February 23 at noon ET. Register today!