IIA Canada = Newsletter - January 2008

IIA Canada Newsletter - January 2008=20
January=20 1, 2008
Contact:

NEWSLETTER - JANUARY 2008

This is the first edition of the IIA Canada Newsletter. The = purpose of=20 the newsletter is to engage and inform Canadian Internal Auditors = on=20 issues and activities that affect the Internal Audit profession in = Canada. Starting in 2008, the newsletter will be distributed = electronically on a quarterly basis. The look and content = will=20 evolve over time to ensure that the information is relevant and = timely to=20 keep Canadian Internal Auditors informed on uniquely Canadian = issues.

WHAT IS IIA CANADA AND WHAT IS THE GOVERNANCE STRUCTURE = IN=20 PLACE?

IIA Canada is an entity created in 2006 to look after the = interests of=20 the Canadian members of the IIA and to promote the profession = across the=20 country to key stakeholders. IIA Canada reports to the North = American=20 Board of the IIA Global Headquarters. A Canadian council (the = "Council")=20 was formed in 2006 to support the above goals.

The council consists of:

twelve regular members (six from the various regions of = Canada and=20 six additional members selected to provide balance to the = Council=20 (various industries/sectors, language and/or skill sets)
six ex-officio members, including the IIA District = Representatives,=20 the Executive Director of IIA Canada, and the President of the = IIA=20 Global, Dave Richards.

Ex-officio members are not eligible for selection as officers = of the=20 Council. Nominations for Council members are solicited from = members=20 and chapters in Canada by March 31 of every year. For 2007-2008, = the Chair=20 of the Council is Olivier Lecat, CIA, Senior Vice-President, = Internal=20 Audit at the National Bank of Canada. The senior Vice-Chair is = Palma=20 Barbieri, CIA, Vice-President Internal Audit Services, Canadian = Tire=20 Corporation. Please go to the IIA Canada Info Section of our main = page for=20 the names of all members of the Council. http://www.iiacanada.ca/

The Council has created different committees (see the chair of = the=20 committee in brackets) to support its mission:

Advocacy Committee (Frans Blom): responsible for actively = and=20 publicly articulating and reinforcing internal auditing role, = position,=20 and value so as to influence key stakeholders regarding the = necessity of=20 internal auditing in good governance and organizational = success.
Training & Education Committee (Brett Naiden): = responsible for=20 identifying and promoting educational opportunities for topics = unique to=20 Canada, create revenue opportunities, and increase access and = usability=20 of internal audit training materials to Canadians.
Academic Relations Committee (Mary Persson): responsible = for=20 developing an academic relations strategy that is aligned with = IIA=20 Global initiatives as well as Canadian Chapter priorities.
Communications Committee (Todd Horbasenko): responsible for = ensuring that Council-approved messages are communicated to the = right=20 audience, at the right time, in the right format.
Finance & Operations Committee (David Pine): = responsibility for=20 the oversight of effective and efficient council operations and=20 providing the Council with financial analysis and input for=20 decision-making.

MARK YOUR CALENDAR FOR THE 1ST CANADIAN NATIONAL = CONFERENCE IN=20 CALGARY, ALBERTA, OCT. 5-8, 2008

For the 1st time, internal auditors in Canada will be able to = get=20 together in a national conference that promises to be a resounding = success. IIA Canada is thankful to the Calgary Chapter which = accepted to=20 turn a regional conference into a national conference. Their = organizing=20 committee is working very hard to prepare this first truly = Canadian event.=20 Reserve your dates, and be on the lookout for more information. = Dates for=20 the 2009, 2nd Canadian National Conference will be announced in a = future=20 newsletter.

MANY CANADIANS PARTICIPATE IN THE IIA'S COMMON BODY OF=20 KNOWLEDGE STUDY

Over 400 Canadians participated in this IIA Global = groundbreaking=20 study. Results released July 9th, 2007 in Amsterdam showed that = the=20 practice of internal auditing is becoming more standardized = throughout the=20 world and is predicted to expand its role in organizational = governance and=20 risk management. Canadian-specific results will be available in = the near=20 future. For more details on the global study, please click on the=20 following link:
http://www.theiia.org/theiia/newsroom/news-releases/index.cfm?i=3D3= 809.

ADVOCACY

LINKS WITH THE CANADIAN SECURITIES ADMINISTRATORS

Members of the Council have met a few times with the Ontario = Securities=20 Commission. More recently, in a letter dated May 28, 2007, IIA = Canada=20 formally commented on the draft National Instrument 52-109. OSC=20 representatives from the Chief Accountant Office were met to = discuss the=20 letter. During this meeting, the need to develop a tool to help = small=20 issuers comply with 52-109 was raised by the OSC representatives = and IIA=20 Canada has taken on the challenge to develop such a tool. A task = force is=20 working on this project right now.

LINKS WITH THE FEDERAL GOVERNMENT

Over the years, various members of the Council have advised the = federal=20 government in internal auditing matters. IIA Canada continues to = do so via=20 its Advocacy Committee and regular meetings with representatives = of the=20 Office of the Comptroller General, including with Charles-Antoine = St-Jean,=20 the recently departed Comptroller General. The latter strongly = supported=20 the internal audit function and we will continue to work with his=20 successor, Rod Monette, Interim Comptroller General of Canada, to = ensure=20 smooth implementation of the various policies adopted by the = federal=20 government, including the IIA's Standards for the Professional = Practice of=20 Internal Auditing.

LINKS WITH THE INSTITUTE OF CORPORATE DIRECTORS

Members of boards and audit committees are key partners with = internal=20 auditors in ensuring good corporate governance, risk management, = and=20 internal control. IIA Canada has committed to developing strong = links with=20 the ICD through joint events between the ICD and the IIA local = chapters.=20 Some chapters had developed links with the ICD over the years (the = Winnipeg, the Toronto, and the Montreal Chapters) but we aim to = create=20 such links country-wide. Many other chapters have set dates to = hold joint=20 events in the next few months and we are confident that this = partnership=20 with the ICD will continue to evolve very positively over the next = few=20 months. Thanks to all the chapters who have led discussions with = their ICD=20 counterparts and helped make this initiative a success.

ACADEMIC RELATIONS

Two Canadian universities have launched or will soon launch a = graduate=20 level internal audit micro-program:

Universit=C3=A9 du Qu=C3=A9bec =C3=A0 Montr=C3=A9al = launched its own short masters'=20 program in September 2007.
Universit=C3=A9 Laval will also launch a program in January = 2008.

We are very encouraged to see universities working to provide a = larger=20 pool of professional internal auditors and we congratulate both = the Qu=C3=A9bec=20 and the Montr=C3=A9al Chapters for their help and support in = getting=20 universities engaged in the development of internal auditing = programs.

IIA Canada has set as one of its objectives to develop an = adequate pool=20 of internal audit professionals to fill the growing market demand. = Our=20 Vice-Chair of Academic Relations, Mary Persson, Director of = Internal Audit=20 at the University of Alberta works hard with local chapters to = identify=20 target universities and colleges and develop links with them in = order to=20 help us achieve that goal. This takes time but we are confident = that over=20 the years, more universities will jump on the bandwagon of = internal=20 auditing as they see and understand the enormous potential for = this=20 profession.

THE IIA RESEARCH FOUNDATION SEEKING CANADIAN VOLUNTEERS = FOR ITS=20 FUNDING TASK FORCE

The IIA RF is looking for Canadian volunteers on its = Fundraising=20 Taskforce. The primary role of the people on this group is to = reach out in=20 a personal way to people they know to ask them to financially = support the=20 profession. If you are interested, please contact Kirsten Bullock, = CFRE,=20 Development Manager at the Foundation (Kirsten.bullock@theiia.org= ).

Editor: luc.lavoie@theiia.org

Word document: Newsletter1.doc


	IIA Canada Newsletter - January 2008=20 January=20 1, 2008 Contact: NEWSLETTER - JANUARY 2008 This is the first edition of the IIA Canada Newsletter. The = purpose of=20 the newsletter is to engage and inform Canadian Internal Auditors = on=20 issues and activities that affect the Internal Audit profession in = Canada. Starting in 2008, the newsletter will be distributed = electronically on a quarterly basis. The look and content = will=20 evolve over time to ensure that the information is relevant and = timely to=20 keep Canadian Internal Auditors informed on uniquely Canadian = issues. WHAT IS IIA CANADA AND WHAT IS THE GOVERNANCE STRUCTURE = IN=20 PLACE? IIA Canada is an entity created in 2006 to look after the = interests of=20 the Canadian members of the IIA and to promote the profession = across the=20 country to key stakeholders. IIA Canada reports to the North = American=20 Board of the IIA Global Headquarters. A Canadian council (the = "Council")=20 was formed in 2006 to support the above goals. The council consists of: twelve regular members (six from the various regions of = Canada and=20 six additional members selected to provide balance to the = Council=20 (various industries/sectors, language and/or skill sets) six ex-officio members, including the IIA District = Representatives,=20 the Executive Director of IIA Canada, and the President of the = IIA=20 Global, Dave Richards. Ex-officio members are not eligible for selection as officers = of the=20 Council. Nominations for Council members are solicited from = members=20 and chapters in Canada by March 31 of every year. For 2007-2008, = the Chair=20 of the Council is Olivier Lecat, CIA, Senior Vice-President, = Internal=20 Audit at the National Bank of Canada. The senior Vice-Chair is = Palma=20 Barbieri, CIA, Vice-President Internal Audit Services, Canadian = Tire=20 Corporation. Please go to the IIA Canada Info Section of our main = page for=20 the names of all members of the Council. http://www.iiacanada.ca/ The Council has created different committees (see the chair of = the=20 committee in brackets) to support its mission: Advocacy Committee (Frans Blom): responsible for actively = and=20 publicly articulating and reinforcing internal auditing role, = position,=20 and value so as to influence key stakeholders regarding the = necessity of=20 internal auditing in good governance and organizational = success. Training & Education Committee (Brett Naiden): = responsible for=20 identifying and promoting educational opportunities for topics = unique to=20 Canada, create revenue opportunities, and increase access and = usability=20 of internal audit training materials to Canadians. Academic Relations Committee (Mary Persson): responsible = for=20 developing an academic relations strategy that is aligned with = IIA=20 Global initiatives as well as Canadian Chapter priorities. Communications Committee (Todd Horbasenko): responsible for = ensuring that Council-approved messages are communicated to the = right=20 audience, at the right time, in the right format. Finance & Operations Committee (David Pine): = responsibility for=20 the oversight of effective and efficient council operations and=20 providing the Council with financial analysis and input for=20 decision-making. MARK YOUR CALENDAR FOR THE 1ST CANADIAN NATIONAL = CONFERENCE IN=20 CALGARY, ALBERTA, OCT. 5-8, 2008 For the 1st time, internal auditors in Canada will be able to = get=20 together in a national conference that promises to be a resounding = success. IIA Canada is thankful to the Calgary Chapter which = accepted to=20 turn a regional conference into a national conference. Their = organizing=20 committee is working very hard to prepare this first truly = Canadian event.=20 Reserve your dates, and be on the lookout for more information. = Dates for=20 the 2009, 2nd Canadian National Conference will be announced in a = future=20 newsletter. MANY CANADIANS PARTICIPATE IN THE IIA'S COMMON BODY OF=20 KNOWLEDGE STUDY Over 400 Canadians participated in this IIA Global = groundbreaking=20 study. Results released July 9th, 2007 in Amsterdam showed that = the=20 practice of internal auditing is becoming more standardized = throughout the=20 world and is predicted to expand its role in organizational = governance and=20 risk management. Canadian-specific results will be available in = the near=20 future. For more details on the global study, please click on the=20 following link: http://www.theiia.org/theiia/newsroom/news-releases/index.cfm?i=3D3= 809. ADVOCACY LINKS WITH THE CANADIAN SECURITIES ADMINISTRATORS Members of the Council have met a few times with the Ontario = Securities=20 Commission. More recently, in a letter dated May 28, 2007, IIA = Canada=20 formally commented on the draft National Instrument 52-109. OSC=20 representatives from the Chief Accountant Office were met to = discuss the=20 letter. During this meeting, the need to develop a tool to help = small=20 issuers comply with 52-109 was raised by the OSC representatives = and IIA=20 Canada has taken on the challenge to develop such a tool. A task = force is=20 working on this project right now. LINKS WITH THE FEDERAL GOVERNMENT Over the years, various members of the Council have advised the = federal=20 government in internal auditing matters. IIA Canada continues to = do so via=20 its Advocacy Committee and regular meetings with representatives = of the=20 Office of the Comptroller General, including with Charles-Antoine = St-Jean,=20 the recently departed Comptroller General. The latter strongly = supported=20 the internal audit function and we will continue to work with his=20 successor, Rod Monette, Interim Comptroller General of Canada, to = ensure=20 smooth implementation of the various policies adopted by the = federal=20 government, including the IIA's Standards for the Professional = Practice of=20 Internal Auditing. LINKS WITH THE INSTITUTE OF CORPORATE DIRECTORS Members of boards and audit committees are key partners with = internal=20 auditors in ensuring good corporate governance, risk management, = and=20 internal control. IIA Canada has committed to developing strong = links with=20 the ICD through joint events between the ICD and the IIA local = chapters.=20 Some chapters had developed links with the ICD over the years (the = Winnipeg, the Toronto, and the Montreal Chapters) but we aim to = create=20 such links country-wide. Many other chapters have set dates to = hold joint=20 events in the next few months and we are confident that this = partnership=20 with the ICD will continue to evolve very positively over the next = few=20 months. Thanks to all the chapters who have led discussions with = their ICD=20 counterparts and helped make this initiative a success. ACADEMIC RELATIONS Two Canadian universities have launched or will soon launch a = graduate=20 level internal audit micro-program: Universit=C3=A9 du Qu=C3=A9bec =C3=A0 Montr=C3=A9al = launched its own short masters'=20 program in September 2007. Universit=C3=A9 Laval will also launch a program in January = 2008. We are very encouraged to see universities working to provide a = larger=20 pool of professional internal auditors and we congratulate both = the Qu=C3=A9bec=20 and the Montr=C3=A9al Chapters for their help and support in = getting=20 universities engaged in the development of internal auditing = programs. IIA Canada has set as one of its objectives to develop an = adequate pool=20 of internal audit professionals to fill the growing market demand. = Our=20 Vice-Chair of Academic Relations, Mary Persson, Director of = Internal Audit=20 at the University of Alberta works hard with local chapters to = identify=20 target universities and colleges and develop links with them in = order to=20 help us achieve that goal. This takes time but we are confident = that over=20 the years, more universities will jump on the bandwagon of = internal=20 auditing as they see and understand the enormous potential for = this=20 profession. THE IIA RESEARCH FOUNDATION SEEKING CANADIAN VOLUNTEERS = FOR ITS=20 FUNDING TASK FORCE The IIA RF is looking for Canadian volunteers on its = Fundraising=20 Taskforce. The primary role of the people on this group is to = reach out in=20 a personal way to people they know to ask them to financially = support the=20 profession. If you are interested, please contact Kirsten Bullock, = CFRE,=20 Development Manager at the Foundation (Kirsten.bullock@theiia.org= ). Editor: luc.lavoie@theiia.org Word document: Newsletter1.doc

IIA Canada Newsletter - January 2008=20 January=20 1, 2008Contact:

IIA Canada Newsletter - January 2008=20
January=20 1, 2008
Contact: