How have audit mandates expanded both inside and outside organizations and what has driven this expansion? This Ivey Idea Forum will explore this question through the eyes of our keynote speaker – Bonnie Lysyk, CPA, CA, the Auditor General of Ontario – and a panel of leading CPAs from industry and practice.
Known for uncovering failings and improvements in government spending, an auditor general is someone the public has come to trust. That’s why the role of this public watchdog has increasingly expanded. Over the past decade, the mandate of the Auditor General of Ontario has expanded to include scrutiny of government advertising for partisan elements that give an unfair advantage. Are these trends in the expansion of the audit mandate elsewhere within industry, corporations, and public practice? What are the implications of this expanded audit mandate and the systems in place? How can academic, government, and industry representatives work together to drive thought leadership in the accounting and auditing profession?
In her keynote address, Lysyk will discuss changes in audit mandates in government. Professor Vaughan Radcliffe from the CPA–Ivey Centre for Accounting and the Public Interest will then moderate a discussion with Lysyk and the panellists more broadly on the implications for the environment of audit organizations. The panel includes Stacey Nagle, CPA, CA, Partner, Audit, Corporate Reporting, and Manufacturing at Deloitte Canada; and Diane Sinhuber, FCPA, FCA, Senior Vice President & Deputy Chief Auditor of TD Bank Group.
This event is also a great opportunity to meet leading researchers and faculty from Ivey and other business schools.
October 11, 2017
7:30-8 a.m. – Registration and breakfast
8-9 a.m. – Presentation from Bonnie Lysyk, CPA, CA, Auditor General of Ontario, and panel discussion with Lysyk and industry representatives
9-9:30 a.m. – Q&A and networking
Location: Ivey's Tangerine Leadership Centre, King & York St., Toronto
Topics You Will Explore
- How has the audit mandate expanded and what are the implications?
- What do these changes mean more broadly for internal and external audits?
- How can industry and academia work together to create thought leadership within the profession?
About the Speaker
Bonnie Lysyk, CPA, CA
Bonnie Lysyk became the 13th Auditor General of Ontario on September 3, 2013, after having previously served as Provincial Auditor of Saskatchewan, and Deputy Auditor General and Chief Operating Officer of Manitoba. Lysyk has held senior positions in both the private and public sectors during a 25-year career spent in three provinces. She has extensive audit, finance, risk management and governance experience. She served as the Deputy Auditor General and Chief Operating Officer for the Office of the Auditor General of Manitoba and, most recently, as Provincial Auditor of Saskatchewan. She also held a variety of senior roles at Manitoba Hydro and served as Chief Audit Executive of the Manitoba Liquor Control Commission. A native of Winnipeg, Lysyk graduated from the University of Manitoba with a Bachelor of Administrative Studies (Honours) degree and subsequently obtained her designation as a Chartered Accountant while working with Coopers & Lybrand (now PricewaterhouseCoopers). She also has a Masters in Business Administration and is a Certified Internal Auditor. Lysyk is currently a member of the Canadian Council of Legislative Auditors and sits on the Board of the CCAF-FCVI Inc. She has also taught auditing courses in Toronto and overseas.
About the Panellists
Stacey Nagle, CPA, CA
Stacey Nagle is a partner in Deloitte’s Audit & Assurance practice. She has been with the global Deloitte firm for more than 20 years, with 10 of those years spent in its U.S. practice. Nagle has extensive public company experience, focusing on companies in the manufacturing and investment management industries; however, she has served a number of different industries during her tenure. Nagle is a Certified Public Accountant in the United States. She is a member of Deloitte’s Canadian Audit Quality Board, providing oversight over the effectiveness of Deloitte’s audit quality agenda. She is also a member of CPA Canada’s Canadian Performance Reporting Board. She co-leads Deloitte work in advancing the discussion on the future of corporate reporting and the role the profession should play in shaping that future, which has focused on enhancing the effectiveness of reporting within the existing accounting and regulatory framework, as well as looking forward to what a different framework might look like and how the CPA profession can play a more valuable role in providing assurance on other corporate reporting elements beyond the financial statements. Nagle is actively involved in Deloitte’s learning and growth activities and regularly facilitates technical accounting training for employees. She is a strong advocate of Deloitte's inclusion strategy, and a member of the national leadership team for Deloitte’s women’s network.
Diane Sinhuber, FCPA, FCA
Diane Sinhuber is Senior Vice President and Deputy Chief Auditor of TD Bank Group. She has been recognized by the industry for business leadership, community involvement, and service to the accounting and auditing profession with the awarding of the FCPA, FCA designation in 2011. Sinhuber joined TD Bank Group in January 2015 as the Deputy Chief Auditor, directly overseeing 180 business segment and functional auditors, and assisting the Chief Auditor in running the full Audit Division comprising of 450 people. Prior to TD, she was at EY for 29 years (19 as a partner), managing the firm's largest audit clients as well as being EY Canada's Financial Services Leader from 2004 to 2011. She also had several roles with financial services regulators. Sinhuber has been active in a number of not-for-profit organizations, including CPA Canada, and is currently the Chair of the Board of the YMCA of Greater Toronto.
About the Moderator
Vaughan Radcliffe, PhD
Vaughan Radcliffe is Professor of Managerial Accounting and Control at the Ivey Business School. He is a Past President and former Research Committee Chair of the Canadian Academic Accounting Association (CAAA), the publisher of the Financial Times-ranked journal Contemporary Accounting Research. He is Editor of the Journal of Governmental and Nonprofit Accounting, a journal of the American Accounting Association. He is a winner of Ivey's school-wide MBAA teaching award for excellence in MBA teaching; and also a winner of the school’s Research Merit award. His work has appeared in Accounting, Organizations and Society; Contemporary Accounting Research; the Journal of Business Ethics; Accounting, Auditing and Accountability Journal and others. He has served as an editor of Contemporary Accounting Research and is a member of six editorial boards, including Accounting, Auditing and Accountability Journal.