Board and Internal Audit Oversight of Business Transformation

What do you do when what you are auditing is changing faster than you can perform audit?

How does this situation impact the Board’s role?

This question is faced by audit teams and Boards that audit/oversee a digital transformation. Join us for a dynamic joint learning session hosted by the Institute of Corporate Directors (ICD) and the Institute of Internal Auditors (IIA). This session is designed to equip directors, audit committee members, and internal audit professionals with insights and strategies to effectively oversee complex transformation initiatives.

1. Technical Presentation: Digital Transformation Oversight Presented by Hash Qureshi & Matthew Brikis of MNP, this segment will explore the evolving role of internal audit and board governance in the context of digital transformation. Topics will include:

• Setting the context and establishing definitions

• Defining the problem with examples

• Cover key topics including:

o Governance & Oversight of change management and benefit realization

o Risk oversight in transformation programs

• Providing an overview of the Agile Audit approach

• Highlighting key benefits as well as pitfalls

2. Executive Panel Discussion: Saskatchewan Transformation Journeys

A moderated panel featuring executive leaders from Saskatchewan organizations that have recently undergone significant transformation initiatives. Panelists will share:

• Lessons learned from their transformation journeys

• Governance and oversight practices that enabled success

• The role of internal audit and board engagement throughout the process

This session offers a unique opportunity to learn from both technical experts and seasoned executives, bridging theory and practice in transformation oversight.