Internal Audit and Controls
Stakeholders want assurance you’re adequately mitigating risk, highlighting opportunities, and optimizing performance across all areas of your organization. As you face growing demands for transparency, you also have a greater need for stringent internal controls to safeguard assets, maximize resources, deliver reliable financial reporting, and ensure you’re complying with applicable laws and regulations.
We help you provide decision makers with timely, reliable, and independent business intelligence. Our internal audit and internal control professionals ensure your controls achieve leading standards in corporate governance and enable your organization to respond quickly in a rapidly changing business environment.
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Internal Audit Trends During COVID-19 and Beyond
COVID-19 has internal audit renewed appreciation for agile, data-based risk management and the role of Internal Audit in strategic decision making. The following six considerations are among the most important risks and trends that Internal Audit must consider in the immediate and medium term.
Solutions for Your Success
Following are three ways we can help your organization improve oversite and the effectiveness of your risk management and operational functions.
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Internal Audit
Establish an internal audit function or extend the scope of your existing assurance program. We can help you both develop and execute internal audit plans — and / or perform a quality assessment to measure your internal audit function against leading practices and standards.
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CEO / CFO Certification
Confidently face growing scrutiny from Canadian Securities Administrators and meet your executive certification requirements under Sarbanes-Oxley 404 or National Instrument 52-109. We’ll help you adopt a right-size approach to certification which aligns with the nature, size and complexity of your organization, optimizing your investment in internal controls and making sure you get it right the first time.
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Compliance
Implement internal controls which support, evaluate, and monitor your organization’s compliance requirements. We’ll help you understand your regulatory, contractual, statutory, and public sector mandates and implement formal policies and procedures to address these responsibilities to support an effective compliance framework.
Insights
Internal audit strategies and analysis for your business
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Confidence
Climate transition risk and financial institutions
Canada's financial institutions are uniquely exposed to risk as domestic and global economies seek to address climate change. The results of a federal pilot project shed light on how the financial sector is responding, and the necessary steps to thrive in a net zero business environment.
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Confidence
September 16, 2024
Risk Trends in 2025 and Beyond
The 2025 Risk Trends Report is the latest in MNP’s annual series, exploring the most pressing risks facing Canadian organizations today.
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Confidence
August 26, 2024
What do the new IIA standards mean for your organization?
The IIA has unveiled a game-changing set of global internal audit standards, pushing the limits of what internal auditing can achieve.
Contact Our Enterprise Risk Team
Richard Arthurs FCPA, FCMA, MBA, CFE, CIA, CRMA, QIAL
Partner, National Leader - Internal Audit
Richard Arthurs, FCPA, FCMA, MBA, CIA, CRMA, CFE, QIAL, is a Partner, Enterprise Risk Services and MNP’s National Internal Audit Leader, based in the Calgary office. Richard has more than 25 years of experience assisting complex global organizations with their internal audit, governance, risk management, IT audit, data analytics, ethics and compliance needs. He has deep industry experience in the utilities / energy, consumer goods, retail, technology, telecommunications, not-for-profit and public sectors.
Leveraging his experience leading internal audit and risk projects in more than 50 countries, Richard has a global perspective on the issues that businesses face. He has worked with renowned organizations and has a proven track record of achieving cost-effective value-added solutions to manage priority risks and improve business processes and controls.
Prior to joining MNP, Richard served as a Global Internal Audit and Risk Management Director for General Mills Inc. with oversight of over 100 country operations. In this role, he helped develop a global data analytics strategy for the Internal Audit function. Most recently, he was Chief Audit Executive and Vice President of Risk Management and Compliance for a Canadian subsidiary of one of the largest utilities and renewable energy operators in the U.S., Berkshire Hathaway Energy Canada. In this role, Richard utilized data analytics to drive material cost savings with complex construction projects.
Richard is a Chartered Professional Accountant (CPA), qualifying as a Certified Management Accountant (CMA) in 2003, and holds the Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) and Certification in Risk Management Assurance (CRMA) designations. He was the first Canadian to receive the Qualification in Internal Audit Leadership (QIAL) designation from the Institute of Internal Auditors.
Richard is currently the Chair of the IIA Canada Board of Directors. He is on the Governance Certificate steering team and Audit Committee Conference Board for CPA Canada. He facilitates the ERM course for the ICD Directors Education Program. Richard in also on the Industry Technology and Innovation Advisory Council at the University of Calgary.
Geoff Rodrigues CPA, CA, ORMP, CIA, CRMA, CSC
Partner, National Leader, Internal Audit Services
Mariesa Fett CPA, CA, ABCP, CRMA, ICD.D
National Enterprise Risk Services Leader
Peter Guo BSc, MBA, CPA, CA, CITP, CISA, CRISC, ABCP, ICD.D
Partner, Enterprise Risk Services