Is Internal Audit ready for ESG?

Session Overview

The IIA Global Perspectives and Insights document on The ESG Risk Landscape identified Environmental, Social, and Governance (ESG) issues as “top priorities for companies, primarily driven by demands from stakeholders and governing bodies”. As well, the report further identified the complexity of ESG reporting and the evolving nature of reporting standards.

The report also highlighted that independent assurance on the design and efficiency of ESG-related processes and controls will soon be essential to the work of internal audit, just as Internal Audit evolved from focusing only on financial transactions to a broader scope including compliance, operation and cyber risks.  

In this session we will:

• Review the regulations and timing of ESG requirements.
• Examine the requirements and practical approaches to readying Internal Audit.
• Review strategies to help get a seat at the ESG table.
• Overview of technological solutions that may assist your organization.
• Examine strategies to upscale Internal Audit staff knowledge and training.

After attending the session, attendees will be able to:

• Identify and utilize ESG resource sources.
• Identify and utilize ESG reporting standard bodies.
• Identify gaps in their Internal Audit shop with regards to ESG.
• Position IA to be at valued ESG resource.

SPEAKERS

Suk Bedi, CIA, CRMA, Senior Director, Internal Audit, Governance, Risk & Compliance at KPMG Canada

Suk has over 17 years of experience analyzing and assessing business strategies and related business processes and systems to help management understand and address business objectives, requirements, risks, controls, and improvement opportunities. He has served a variety of organizations with internal audit advisory services in sectors including education and government institutions, insurance, retail, manufacturing and not for profit. Suk is a Certified Internal Auditor and holds a Certification in Risk Management Assurance. Suk also holds a certificate in Sustainable Business Strategy from Harvard Business School.

Bailey Church, CIA, CPA CA, Partner, Accounting Advisory Services & Leader, Public Sector ESG and Climate Reporting Centre of Expertise

Bailey leads the National Public Sector Accounting Advisory service line and is the Leader of the Public Sector ESG and Climate Reporting Centre of Expertise at KPMG. Bailey is also the Leader of KPMG’s Global International Public Sector Accounting Standards working group.

He has an extensive background serving the Government of Canada, provincial governments, universities, crown corporations, municipalities, and not-for-profit organizations, as well as publicly listed entities. Bailey has worked extensively with all levels of government on sustainability reporting matters.

Bailey has advised numerous mining and nuclear sector entities on matters related to environmental reporting including limited assurance on key performance indicators for sustainability, including Bruce Power, Canada Fluorspar Inc., Ontario Power Generation, and Southern California Edison.

Bailey has worked with more than 300 municipalities on sustainability reporting, including asset retirement obligations and contaminated sites. Bailey is advising municipalities across Canada on their roadmaps for ESG and natural assets reporting.

Bailey is currently advising various Crown corporations on their implementation of TCFD requirements. Bailey has advised the Government of Canada on some of its largest environmental liabilities, including Atomic Energy of Canada Limited’s decommissioning obligation, and Crown-Indigenous Relations and Northern Affairs Canada’s contaminated sites liabilities.

Registration 

** Please note that access to Zoom is needed for this webinar **

To register online, please visit the event website: https://na.eventscloud.com/735703

Phone: 416-474-8072

Email: administrator@iia-toronto.org

After registering, you will receive a confirmation email containing information about joining the webinar. If you do not receive this confirmation email, please check your junk/spam folder or contact administrator@iia-toronto.org.

Cost 

IIA Toronto Chapter Members - $40.00 (Plus HST)

Non-Members - $55.00 (Plus HST)

CPE: 1.5 credits

Please Note:  There is a cancellation policy in effect.

Groups of 5 or more from the same organization receive a 10% discount per registration. For this group discount, please contact the IIA Toronto Chapter Administrator at 416-474-8072 or via email at administrator@iia-toronto.org for processing.