2025 LOMA Canada Internal Audit Annual Meeting Agenda

Monday, November 24, 2025

8:00 a.m. - 8:45 a.m. - Registration and Breakfast

8:45 a.m. - 9:00 a.m. - Opening Remarks

9:00 a.m. - 10:00 a.m. - Ripples, Waves, or Tides? How International Politics is Impacting Canadian Business and Government

Catharine Dutt, MAcc, CPA, CA, CPA (Delaware), CGMA, Partner, Enterprise Risk Services, MMP LLP

Steven Kwasny, Partner, Consulting Services and Director, Public Affairs, MNP LLP

“Uncertainty” and “unprecedented” are terms that are dominating the headlines as people seek to separate the sound from the noise related to tariff impacts, rising global instability, and shifting political sentiments. The volume and velocity of change have clouded the short, medium, and long-term implications of strategies for Canadian businesses and policymakers. Kwasny and Dutt will discuss how domestic and global political dynamics are impacting Canadians and the implications for risk management and internal auditors.

10:00 a.m. - 10:15 a.m. - Networking Break

10:15 a.m. - 11:15 a.m. - OSFI’s Internal Audit Cross-Sector Review

Henri Boudreau, CPA, CA, MBA, Managing Director, Insurance Supervision, OSFI

Roisin Crew, CPA, CA, Specialist, Insurance Supervision, OSFI

In 2024, the Office of the Superintendent of Financial Institutions completed a vital cross-sector review of internal audit and achieved important findings. Boudreau and Crew will provide a high-level overview of the agency’s new supervisory framework and internal audit expectations. They will also share industry themes and areas for improvement from this review.

11:15 a.m. - 12:00 p.m. - Auditing in the Age of AI: Evolving Practices, Emerging Risks, and Future Readiness

Abhishek Chowdhury, CA, CISA, CIA, Senior Manager, Technology Risk, EY

Shikha Gupta, CA (India), Director, Risk Consulting, EY

Artificial intelligence is impacting the evolving landscape of auditing. Chowdhury and Gupta will provide insights into the unique challenges and risks associated with AI technologies, including the importance of responsible governance and compliance with global regulations. They will expound on the need for responsible AI governance to ensure transparency, fairness, accountability, and the protection of user data and privacy as organizations adopt and implement AI.

12:00 p.m. - 1:00 p.m. - Networking Lunch

1:00 p.m. - 2:15 p.m. - The Connection Between Audit Committees and Internal Audit Departments

Ram Balakrishnan, CPA, CPA (Colorado), CA (India), CISA, CRMA, CGEIT, Senior Vice-President and Chief Auditor, Sun Life

Margaret-Ann Brooks, CISA, CRISC, FLMI, Vice-President, Chief Audit Officer, Co-Operators Group Limited

Neil Parkinson, FCPA, FCA, ICD.D, Corporate Director (Multiple Boards)

Dinaish Singh, CPA, CA, Partner, Advisory, KPMG Canada

Audit committees and internal audit teams share a vital connection. During this panel discussion, the speakers will explore common challenges and strategies to enhance collaboration, focusing on themes identified by Richard Chambers, former President and CEO of the IIA. Topics they will address include aligning audit committee expectations with internal audit performance, improving communication, addressing skill gaps, and showcasing the unique value of internal audit.

2:15 p.m. - 2:30 p.m. - Networking Break

2:30 p.m. - 3:45 p.m. - New Quality Assurance and Improvement Program

Speaker: TBD

The new IIA Global Internal Audit Standard is now in effect. It ensures that internal audit activity is continuously improving and conforming to the highest professional levels. In this session, a senior IIA leader will provide an overview of the new Quality Assurance and Improvement Program (QAIP) framework and best practices.

3:45 p.m. - 4:00 p.m. - Closing Remarks and Adjournment