Quick links

Dr. Shaun Aghili


Assistant Professor
Email: shaun.aghili@concordia.ab.ca


D.B.A. Argosy University, USA 2003
M.Sc. College for Financial Planning, USA 1999
B.A. The Catholic University of America, USA 1985


2014-Certified Financial Services Auditor (CFSA)
2012-Information Systems Security Management Professional (ISSMP)
2011-Certified Information Systems Security Professional (CISSP)
2011-Certification in Risk Management Assurance (CRMA)
2010-Certified Information Systems Auditor (CISA)
2008-Certified Internal Auditor (CIA)
2007-Certified Management Accountant (CMA – United States)
2007-Certified Fraud Examiner (CFE)


A Management Associate professor and a veteran of the financial services industry, Dr. Aghili’s academic research and professional interests revolve around internal audit, fraud prevention, and information systems assurance issues and considerations, especially within the financial services sector.

Shaun Aghili’s academic achievements include a doctorate degree in business administration (DBA), a Master of Science in financial planning and wealth management, and the completion of a post-doctorate executive leadership training program through Cornell University.

Dr. Aghili also maintains a total of ten professional designations in financial planning, internal and information systems auditing, management accounting, fraud examination, and information systems security management, in addition to certificates in COBIT 5 implementation and assessment, and Lean Six Sigma. On a global scale, Dr. Aghili is among an elite group of the Institute of Internal Auditors (IIA) academic members holding five internal auditing certifications conferred by the IIA.

Shaun is the author/co-author of over 40 research papers and practitioner-focused articles, and has been awarded a certificate of merit for “outstanding character and excellence in contributing to the literature for the advancement of management accounting and financial management” by the Institute of Management Accountants (IMA).

Professional and Research Interests
Dr. Aghili’s professional and research interests include Curriculum Development, Academic Audits, Doctoral Dissertation Advising, Action Research, Business Research Writing, Management Accounting, Financial Management, Corporate Finance, Personal Finance, Investment Management, Internal Auditing, Fraud Examination, Organizational Management, Six Sigma, Information System Security.

Specific to the ISSAM Research Cluster, Dr. Aghili’s interests are:

  • Risk Management and Cybersecurity issues and considerations in the Financial Services industry.
  • Use of Data Analytics technologies to prevent and detect fraud.
  • Development or improvement of various information systems audit methodologies or frameworks.
  • Use of COBIT 5 to solve specific risks and/or business problems.

Publications and Doctoral Research Advising

Aghili, S. (2011), Sampling Techniques, Internal Auditor magazine, p.19-21.

Aghili, S. (2011, Spring), Throughput Metrics Meet Six Sigma, Management Accounting Quarterly.

Aghili, S. (2010, June), Organizational Risk Management, Internal Auditor magazine, p.21-23.

Aghili, S. (2009), Using Lean Six Sigma Principles and Tools to Execute Operational Internal Audits: A Conceptual Framework.  Strategic Finance, P. 38-43.

Nwafor, I (Cyril), Lindskog, D., Zavarsky, P., Ruhl, R., Aghili, S. (2011), A Conceptual Framework for Enterprise User Lifecycle Management.  Can be retrieved electronically at http://www.missm.concordia.ab.ca/research

Edwards, D., Lindskog, D., Zavarsky, P., Ruhl, R., Aghili, S. (2011), e-Government System Security Model: A multidimensional, risk-based approach to e-government.

Nnoli, H., Lindskog, D., Zavarsky, P., Ruhl, R., Aghili, S. (2012), The Governance of Corporate Forensics using COBIT, NIST, and Increased Automated Forensic Approaches.  Can be retrieved electronically at http://www.missm.concordia.ab.ca/research

Syed, K., Lindskog, D., Zavarsky, P., Ruhl, R., Aghili, S. (2012), Proposed Control Procedure to Mitigate the Risks of Strategic Information Outflow in the Recruitment Process.  Can be retrieved electronically at http://www.missm.concordia.ab.ca/research

Gilady, E., Lindskog, D., Aghili, S. (2014), Intent Biometrics: An Enhanced Form of Multimodal Biometric Systems.

Iloh, O., Aghili, S., Butakov, S. (2014) Using COBIT 5 for Risk to Develop Cloud Computing SLA Evaluation Templates.

Peer-Reviewed Articles:

  • Using Lean Six Sigma Principles and Tools to Execute Operational Internal Audits (2009). Strategic Finance Magazine (Winner of the 2009 IMA merit award)
  • Advantages and Caveats of Interest-Only Mortgages for Clients (2004). The Journal for Financial Planning
  • Understanding Welfare Benefit Trusts (2002) . The Journal for Financial Planning

Consumer-Oriented Articles (Partial List):

  • Capital Gains Tax and Your Home: A Quick Primer (1999)
  • Mortgage Lenders’ Secret Weapon (1999)
  • When Does Refinancing Make Sense? (1998)
  • Home Ownership Made More Affordable (1998)
  • Look Before You Leap: A Mortgage Loan Primer (1997)
  • Annual Percentage Rate (APR) Spells Out How Much Loan Costs (1995)
  • Federal Reserve Board’s Job is to Monitor Money Supply (1995)


  • Crossing the Narrow Gate (2000) I.L.S. Publishing
  • The No-Nonsense Credit Manual (1997) I.L.S. Publishing

Doctoral Dissertation Advising:

  • Hsueh-Shang (Paul) Lu (2007) : The Effects of Leadership Styles on Job Satisfaction and Turnover Intention of Hotel Employees in Taiwan.
  • John H. Muffich (2006): Worker’s Compensation Fraud in California Manufacturing: A Qualitative Study
  • Ijaz Ahmed Qureshi (2006): Application of Radio Frequency Identification Technology in the State of California Identification Card System and its Impact on Privacy and Security of Card Holders.