2nd Issue August 2013 - Institute of Internal Auditors

1 2nd Issue August 2013 IIA Canada Status Update as a Standalone Institute In September 2010, Canadian IIA members overwhelmingly voted in favour of commencing a two-year transition toward establishing a stand-alone Institute of The IIA in Canada. The membership vote was based on objectives laid out in the May 2010 Canadian Institute Proposal. The objective of the transition period was that IIA Canada (IIAC) would have operational independence as of Jan. 1, 2013 . To read the full update to the 2010 IIAC objectives and current status, please click here.

2 Pulse of the Profession in Canada 2013 The IIA s Audit Executive Center conducts semiannual surveys to assess the state of the Internal audit profession and identify trends and emerging issues in the Internal audit profession. The most recent survey yielded 1,700 responses from 111 countries, with 66 responses from Canada. Eighty-six percent of Canadian respondents were either CAEs or Directors of Internal Audit. To read the full Pulse of the Profession in Canada article, please click here. Dr. Bart Featured in Women of Influence Magazine Dr. Chris Bart, distinguished presenter at the upcoming 2013 National Conference, recently made headlines with his controversial study on whether women make better directors, and being the first male to be featured on the cover of Women of Influence Magazine.

3 Access now. New Programs Announced for 6th National Conference Be Here and Be Transformed IIA Canada s 6th National Conference is coming soon. The closing panel session was recently announced "Organizational Governance: How do you transform from good to great? And how should Internal audit contribute to this transformation? Following the conference on Wednesday afternoon, Oct. 2, an Audit Leadership Event will provide delegates with a unique blend of stakeholders and CAEs perspectives on current Internal auditing challenges. The theme of this event will be consistent with the overall conference theme, Be Here and Be Transformed.

4 Learn more and register now. OSFI Superintendent Highlights Role of Internal Auditors as Third Line of Defence May Was International Internal Audit Awareness Month Auditors Can Add Value as the Regulation Continues to Evolve Julie Dickson, superintendent of the Office of Financial Institutions (OSFI) keynoted the capstone event to International Internal Audit Awareness Month in a May speech to IIA Toronto Chapter members on how Internal audit can respond to renewed interest in regulatory frameworks and approaches. To read the full article, please click here.

5 Don t Forget to Register for Our Free Webinars Starting in September, not only will IIAC have FREE Webinars for our members, we will have our first French Webinar! Sept. 10: Monitoring for Payables Fraud Using Data Analysis and Continuous Auditing Techniques Oct. 8: Board Oversight Of Management s Risk Appetite And Tolerance: Utopian Fantasy Or Stretch Objective? Nov. 12: To be confirmed Dec. 10: Risk-Based Auditing Victoria Seminar Week, Dec. 3-6 will cover Assessing Your Organization s Risk Management Process and Effective Writing for Auditors . Click here for more detailed information.

6 This is our last Seminar week for 2013 , concluding a very successful year for IIA Canada Education! Our Website Is Now Bilingual We are pleased to announce that the IIAC website is officially bilingual! IIAC s website has been fully translated into French allowing users to switch dynamically from English to French. As we move forward, you will note that more and more of our services will be translated. Visit the IIAC site regularly to find out what is happening, in either English or French. Certified Internal Auditor (CIA ) Delayed Score Exam (DSE) Program Contribute to the value of the CIA designation by participating in this limited offering of the Delayed Score Exam.

7 To continue to provide world-class certification exams and to preserve and enhance the value and quality of The IIA s flagship CIA designation, IIA Global Certifications has created the Delayed Score Exam (DSE). For a limited time, candidates who register for a part in the new 3-part CIA exam format will have the opportunity to choose the DSE option, which can result in saving as much as US $350 off the regular exam price. Registration is now open for the three-part CIA exam. Access CCMS to begin your application or register for an exam part. Chapter News and Visits From Global IIA Leaders Phil Tarling, 2012 2013 Global IIA Chairman, was the keynote speaker at the Toronto Chapter s Annual General Meeting where he spoke about communications and the need to say it right.

8 Richard Chambers, IIA President and CEO, was also in Toronto in May to meet with top leaders of Canadian professional service firms and discuss trends in the profession as well as future opportunities for collaboration. See what s happening at other chapter events by accessing full event recaps with photos. Check out Our Canadian Audit Leaders Speaking About Canada s Internal Audit Hot Topics In keeping with its motto of "Progress Through Sharing," The IIA launched a video-sharing site, , in 2011. addresses the specific needs of Internal Auditors and the business community.

9 With "video channels" focused on areas such as fraud, governance, risk, technology, operations, compliance, and more, enables Internal audit professionals worldwide to search for and post videos that address the topics of greatest interest to the profession. To see the latest videos, go to To read the full article, please click here. Professionalism in Practice External Quality Assessment Get an early start on the road to your Quality Assessment and Improvement Plan (QAIP) IIA Canada is partnering with IIA Quality Services, LLC to provide the resources and direction you need to assist you in mapping the way.

10 To learn more, please click here. Did You 1. IIA Canada s membership retention is the highest globally among other chapters and Institutes at 98%. 2. G. Peter Wilson, former deputy auditor general of Canada, served as president (CEO) of The IIA from 1985 to 1995. He helped found the Ottawa Chapter in 1967 and was also a founding member of the Canadian Comprehensive Auditing Foundation. 3. Bob Gobeil from Canada helped develop the first Standards for The IIA. 4. The first IIA International Conference in Canada was held in 1949 in Toronto.