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ISAC
January/February 2014
Calgary Audit Trails
Headlines
Individual Highlights:
President’s Message
2
Chapter Sponsors
3
Academic Corner
11
Editor’s Note
12
Academic Corner - Luncheon Event
Third Party Attest reporting (SOC reports) and Role of Internal Audit. See
Page 8 for details
Conferences See Page 3/4 for details
• IIA National Conference
• 2014 General Audit Management Conference
IIA Global Awards - Call for Nominations See Page 4 for details
Chapter Officer Listing13
IIA Canada - Chairs Message See Page 5 for details
Chapter Sponsorship 14
IIA Calgary Training and Webinars Schedule See Page 10 for details
“Moving Forward Together”
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President’s Message
Hi everyone!
As this is the first communication of the year, I would like to take the opportunity to
wish you a Happy New Year 2014. Our chapter has prepared an exciting program for
2014 and I strongly encourage you to be part of it.
In February, Jeff Thomas and Raj Devadas will present on the topic of Third Party
Attestation reporting (SOC report) and role of Internal Audit. It is not the first time that
Jeff accepts our invitation to present to our members, so I already know that this event will be very popular.
Please register early so we can have a room with enough capacity for that day.
Finally, we are currently looking for volunteers for the Board of Governor. The Board provides a unique
opportunity to network with your colleagues in Calgary and have an impact on the profession. The Board
positions that we would like to fill are Finance Governor and Chapter Achievement Governor. Please contact me
at epoulin@trican.ca if you are interested.
I am looking forward to seeing you at our next event,
Etienne Poulin
President
!
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Our Sponsors
IIA National Conference
The theme of the 7th Annual National Conference of the IIA Canada is Rising to New Challenges. Delegates will
gain knowledge from world-class leaders on how to raise the bar, meet oncoming challenges and serve their
organizations with excellence. As the premier learning and networking event dedicated to internal audit, risk,
control and governance, this event draws speakers at the forefront of our profession. Speakers and panelists will
include Canadian and international audit leaders, Board and Audit Committee members and influential leaders
from industry and government.
Held in the Nation’s Capital, in close proximity to major Canadian industrial centres, this event affords private
and public sector audit leaders an ideal opportunity to engage on strategic issues of oversight, leadership,
strategy and organizational performance.
For details check the conference website: http://www.iiacanadanationalconference.com
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2014 General Audit Management Conference
GAM 2014 - A Must-Attend for Your CAE Members
The IIA’s General Audit Management Conference (GAM) has sold out the last several years, so we ask that you
encourage your CAE and director-level members to register now to ensure a seat. Audit executives won’t want
to miss the unique networking opportunities with 1,000+ CAEs from around the globe, 35 concurrent sessions,
and 5 general sessions.
Among other exciting events, the conference will feature a panel discussion with audit executives of Google,
LinkedIn, and Cisco, as they share insights and experiences in Leading Internal Audit in an Organization That
Thrives on Change.
Urge your members to register today.
IIA Global Awards - Call for Nominations
IIA Global is asking for your help in identifying qualified candidates to be considered for the highest awards
given by The IIA. All three awards recognize individuals who have made outstanding achievements in the field
of internal auditing:
•
BRADFORD CADMUS MEMORIAL AWARD
For contributions to the global profession of internal auditing
•
VICTOR Z. BRINK AWARD FOR DISTINGUISHED SERVICE
For contributions to the profession through global service to The IIA
•
WILLIAM G. BISHOP III, CIA, LIFETIME ACHIEVEMENT AWARD
For impact on the global profession through a lifetime of accomplishments and dedication to The IIA
Recipients of these awards will receive complimentary registration and travel arrangements for the
International Conference in London, England, in July 2014, as well as special recognition during the conference.
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How to Nominate
Click here to learn more about the qualification requirements and to download the nomination form. The
deadline for nominations is Feb. 28, 2014.
If you have further questions, please contact Lori Gagnon at Lori.Gagnon@theiia.org.
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IIA CANADA CHAIRS MESSAGE
Dear Members,
As the 2012-2013 Chairman of the IIA Canadian Board and IIA Canada (IIAC), I am pleased to report on the
progress we have made as a Canadian body of the IIA. This letter will provide highlights of the key events as well
as where we are headed as a Canadian Institute.
Nominating Committee
The Nominating Committee and the Board selected the following officers for 2012-2013:
•
Sheila Smigarowski (Edmonton), Chair
•
Carmen Abela Reid (Ottawa), Vice Chair
Click here for the complete listing of the IIA Canada Officers and Board of Directors.
IIA Canada Status Report
As I reflected on the path forward moving into the role as Chairman for IIAC, I determined that the focus should
be on member services in Canada. More specifically, we will focus on how the Canadian Institute can work with
the IIA’s global headquarters in collaborating on the strengths of each and building on the services you already
receive as IIA members.
It is by working together efficiently and effectively that we will continue to build on the great progress we have
made in Canada as we continue the journey in 2013 toward enhancing member services in Canada. My theme
for the year is “Collaborate.”
Collaborate - The Theme for 2013
As I reflected on the path forward moving into the role as Chairman for IIAC, there were a number of thoughts
that came to mind with attributes nicely built around the focal point of collaboration, for it is with all working
together efficiently and effectively that we will continue to build on the great progress we have made in Canada.
I include these thoughts which I encourage you to reflect on as we continue the journey in 2013 toward
enhancing member service in Canada.
C - Clarity, coordination and alignment on the role and priorities of HQ, IIAC and the Chapters
O - Canadian Operations that enhance member service
L - Leadership
L - Leverage IIA headquarters appropriately
A - Accountability
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B - Build Canadian infrastructure, governance & migration of the service delivery to Canada within a sustainable
business plan
O - Oversight as we slowly migrate from being an operational Board to be an overall governance Board
R - Revenue generation to sustain operations
A - Action
T - Transparency and enhanced communication to the North American Board, our chapter leaders, International
and North American Committee members and our general membership
E - Energy and enthusiasm
The Canadian Board has been working closely with The IIA’s North American Board, the Global Executive
Committee, and IIA Global Headquarters in identifying service gaps for Canadian members, prioritizing these
gaps, and developing plans to close them.
While the strategic plan for IIA Canada called for a stand-alone institute in 2013, the Canadian leadership
realized we did not have the sustainable operating margins and reserves to sever our ties to the larger
organization and maintain the services expected of our Canadian membership.
In collaboration with the North American Board, and with endorsement by the Global Board, IIA-Canada will
operate as a “virtual” institute for the near future, with its office in Ottawa, separate financial statements, and
the Canadian Board to oversee the strategic plan within Canada, the advocacy efforts, programs, services and
the budget relating to Canadian members. This ensures that Canadian members will continue to receive all the
benefits from the global organization while receiving enhanced benefits from a Canadian perspective.
Founding Member Program & Reserve Update
The founding members program was launched last spring and has raised $34K to date from individual members
plus over $245K in pledges from IIA chapters toward IIAC’s long term reserve. The individual member’s funds are
held within a Foundation account separate from the IIA Canada entity and will provide a reserve fund for the
future. The pledges from IIAC’s chapters remain within the Chapters at this time. We continue to solicit funds
from individuals for this account and hope to grow it to $100K during 2013.
Resourcing Update
Yaro Zajac, Executive Director of The IIA’s Canadian Institute, has decided to pursue a new career path, and his
last day was November 16th. We wish him the best in his future endeavors.
The process of hiring a new Executive Director will commence January 2013. In the meantime, Judy Burke from
IIA Headquarters will serve as our Acting Executive Director. Judy brings to us a wealth of association
management experience in all facets of running an Institute drawn from her 37 years of working with IIA Inc.
Shannon Rose, IIAC Marketing Manager continues to serve the members in Canada working on the marketing
program, communications and other areas a required. Joan Weir continues to help with the Education program,
maintaining the website and composing our weekly email blasts. And we have started the interviewing process
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for the Operations Manager position. Any additional needs will be resourced through contracted resources in
the short-term.
Dues Increase
Beginning in 2013, there will be an annual reporting fee assessed for all IIA designations. The reporting fee for
the Certified Internal Auditor designation will be US $50 and all other designations will be US $25. Members
submitting the proper documentation, however, will have this fee included as a membership benefit in 2013.
Also in 2013, IIA Inc. will be launching online renewals through our client management system, enabling you to
renew your membership by clicking a link in an email. This enhancement will simplify renewal for our members.
As you supported in our Institute business case, an average increase of approximately 9 percent will apply
across all membership types, effective with your 2013 renewal.
Please note that we are working with IIA Global in implementing an e-commerce platform for IIA Canada that
will enable Canadian members to pay for all services, including membership, in Canadian dollars. We will keep
you informed as this initiative progresses.
Activity Highlights
We are starting to have the look and feel of a national institute and a sense of a Canadian identity is starting to
emerge. Below are few things to look forward to in 2013:
•
Efforts are well underway to develop the National Education Strategy. The goal of this initiative is to
develop the medium to long term plan and priorities for the delivery of Canadian-oriented education
Services to our members.
•
In the last year, the Universities of Waterloo and Laval have been accredited by the IIA for curricula in
internal auditing and we are excited to report that serious discussions are progressing with a third
university.
•
Advocacy efforts are underway with Corporate Directors and Chief Executive Officer Communities
through the Directors’ College and the Institute of Corporate Directors.
•
A new IIA Canada Institute website is in progress and will be launched in the first quarter of 2013 in both
official languages.
•
Our first IIA Canada Newsletter will be issued in the first quarter of 2013.
•
Sites and dates have been selected for 2013 training weeks. The Winnipeg Chapter and the Conference
Committee are hard at work on the 2013 National Conference and Audit Leadership Event, September
29-October 1. We look forward to your attendance at this growing Canadian event.
Lastly, I am truly honored to serve as your Chairman for 2013. In conjunction with the staff and financial
resources available to us through IIA Headquarters, we as the Canadian Board look forward to collaborating with
IIA staff to both advance our Canadian advocacy efforts and to raise the profile of the internal audit profession
in Canada. Further, we look forward to continuing our efforts to enhance our Educational program offerings, to
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grow our membership and to enhance the profession of internal auditing in Canada. In 2013, I will keep you
informed of our progress.
On behalf of the Board, I want to sincerely thank you for your support. I am confident that the value of your
membership will significantly increase as we continue to invest in Canadian programs and initiatives.
Sincerely,
Sheila Smigarowski
Chair, IIA Canada Board of Directors
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Third Party Attestation Reporting (SOC Reports) and Role of Internal Audit
Please note: This luncheon will be held on Thursday, February 13, 2014 at the Palliser Hotel.
Jeff Thomas, Partner, Advisory Services, KPMG
Raj Devadas, Senior Manager, Advisory Services, KPMG
Abstract of About 5 Lines
Service providers are being requested or required to provide greater transparency about their internal controls environment to a
variety of internal and external stakeholders. Business events such as globalization, increased outsourcing and shared service centre
models present new challenges demanding a greater need for assurance over non financial reporting areas (Operational, risk and
compliance, data privacy, confidentiality) as well as demand for comfort over financial reporting processes for service provider
customers and their auditors. The SOC reports are prepared to provide specific stakeholders on the controls existent in the service
organizations.
This presentation provides the various types of third party attestation reports available (SOC reports) and will also discuss the role of
Internal audit during the preparation of the report.
About the Speakers
Jeff is a Partner in KPMG’s Advisory Services practice in Alberta with over 20 years of experience serving publicly accountable entities,
primarily in Western Canada. Jeff is focused on delivering Risk Consulting services to enable decision making, resource allocation and
the achievement of organizational objectives. Jeff helps organizations with governance and stewardship, including business processes
and controls, compliance with regulations and policy, audit reports on controls over the operation of service providers, IT project
review and advice, and information security, privacy and
control services.
Raj is a Senior Manager in KPMG’s Internal Audit, Risk and Compliance Practice. He has over 15 years of internal audit and IT audit
experience in Information Risk Management, Attestation engagements and IT project risk assessments. He has lead and conducted
Numerous Section 5900, Section 5970, Section 9100, Section 5805, Section 5025 and CSAE 3416/SSAE 16 in Canada. An active
member of the IIA, Raj is a Certified General Accountant (CGA), Certified Management Accountant (UK), Certified Information Systems
Auditor (CISA) and Certified Internal Auditor (CIA).
CPE Credits: 1.5 hours
*** Luncheons provide the greatest CPE value ***
Did you know that luncheons provide the greatest value for professional development hours? Just 5 luncheons equal 7.5 hours of PD
for a total of $225 ($275 for non-members). A 7-hour training course usually costs over $400.
*** Satisfaction Guarantee ***
Bring your business card for a chance to win a gift card drawing to great places to shop and eat around Calgary. Drawing will be held at
the end of the luncheon. Must be present to win.
*** Gift Card Drawings ***
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IIA Calgary Training Schedule and Academic Corner
February Luncheon
#
1
Date
Event Topic
02/13/ 2014
Third Party
11:30 - 1:00 PM Attestation
reporting (SOC
report) and role of
Internal Audit
Speakers
Jeff Thomas/
Raj Devadas
KPMG
Location
CPE
Last Date
with
Yes/No
to Enroll
Address
Fairmont 1.5 CPE Feb 13
Palliser
Website Link
to Enroll
See Calgary
chapter
website for
details
IIA Canada Webinars - Free to Members February 11 Webinar
#
Date
1 2/11/2014
1:00 - 2:30 PM
Event Topic
Fraud investigations are ever evolving. This webinar will
introduce you to the important updates to investigating
fraud, the impact of the internet and the auditor’s role
2
3/11/2014
1:00 - 2:30 PM
Auditing Corporate Governance - a Framework and Hot
Topics for 2014 Risk Management
3
3/31/2014
1:00 - 2:30 PM
Interviewing Tips and Techniques for Internal Auditors,
presented in French
CIA Exam Preparation Program
Website Link to Enroll
https://chapters.theiia.org/I
IA%20Canada/Events/Pages
/Free-to-memberswebinar!.aspx
https://chapters.theiia.org/I
IA%20Canada/Events/Pages
/Free-to-memberswebinar!.aspx
https://chapters.theiia.org/I
IA%20Canada/Events/Pages
/Free-to-Members-March19th-Webinar.aspx
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Chapter Volunteer Opportunity!
This is a great opportunity to serve your local chapter, and make a difference to the growth and promotion of
the Internal Audit profession here in Calgary.
Anyone interested in volunteering for the chapter as an Assistance Treasurer, please contact Etienne Poulin
(President) at epoulin@trican.ca.
Editors Note
Hi everyone, and Happy 2014 to all.
In this New Year, I’d like once again to take the opportunity to thank everyone who contributed to this
newsletter, which includes the Board of Governors, as well as several IIA chapter members. Your contributions
are valuable in sharing our events, wins, challenges and paths ahead.
The newsletter is the Chapter’s Way of communicating with members. This communication can always
improve, and I request your feedback as readers. Therefore, if you have any suggestions for our newsletter,
please do not hesitate to contact me at: enercontrols@gmail.com.
Thank you,
Ali Hasnain, CIA, CISA / Newsletter Governor
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Chapter Office Listing
Role
President
Vice-president
Secretary
Treasurer
Academic Relations
Chair
Communication Chair
(Newsletter, Publicity,
PR)
Governor - Education
Membership Chair
*Chapter Leader: Other
*Chapter Leader: Other
Communication Chair
(Newsletter, Publicity,
PR)
Programs Chair
Technology Chair
*Chapter Leader: Other
*Chapter Leader: Other
Programs Chair
First Name
Etienne
Email Address
epoulin@trican.ca
Erin
Alain
Constance
Last Name
Poulin
Emerson (Sponsor &
Relations VP)
Groeme
Kuwabara
Michael
Wilkison
wilkisonm@olympiatrust.com
Jacky
Femina
Yasmin
Cherry Wang
Meghan
Chan
Dharshi (Education)
Dhanani
Wang (Facilities)
Perry (Facilities)
jacchan@deloitte.ca
femina@shaw.ca
Yasmin_Dhanani@nexeninc.com
cherrywang@deloitte.ca
meperry@deloitte.ca
Ali
Jean
Ray
Bonnie
Jean
Sebastian
Robin
Maxim
Hasnain (Newsletter)
Sebastian Jette
Mingle
Yan (Website)
ahasnain@shaw.ca
JS.Jette@snclavalin.com
Raymond.Mingle@altagas.ca
bonnie.yan@mnp.ca
Jette (Education)
Tong (Social)
Antanassov
JS.Jette@RSCrental.com
rtong@deloitte.ca
Maxim.Atanassov@ca.ey.com
erin.emerson@huskyenergy.com
alaingroeme@yahoo.ca
Constance_Kuwabara@cpr.ca
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Chapter Sponsorship Information
The IIA Calgary chapter needs your assistance to promote a new initiative. The chapter is the sum of its
members, so in effect we need ‘us’ to help ‘us’.
The Calgary chapter exists to serve its members and promote the internal audit profession. Along with individual
members, the IIA community includes many companies. Often companies see value in aligning with their local
chapter. Companies that partner with their local chapter will be able to publicize their commitment to the
internal audit profession while actively supporting IIA members; both within their company and their
community.
As part of the Calgary chapter’s commitment to promote the profession, the chapter Board is launching a new
and revised sponsorship initiative. As board members, we are excited to take on the responsibilities associated
with coordinating sponsorship activities; however, to truly improve the probability of success we need some
help with the heavy lifting necessary to promote this new initiative.
To help with the re-launch we need your support to raise awareness within your companies. Your support may
be realized through active initiative promotion within your company, passing this email on to your CAE, and/or
countless efforts in between.
Your support in this launch is greatly appreciated. If you have any questions, please contact Erin Emerson at
Erin.Emerson@huskyenergy.com.
Sponsorship Tiers
Sponsorship Bundles
Platinum
Gold
Silver
Bronze
$1,000
$750
$500
$250
Company Website and Newsletter Advertising
Company logo on website (6 months)
Company logo in newsletter (3 issues)
Luncheon Advertising
3 luncheons
2 luncheons
1 luncheon
2 seats
2 seats
2 seats
2 socials
1 social
Value Proposition
1
2
Company name is announced as a sponsor
Company representative introduces the speaker
Free seats at the sponsored luncheon
3
Social Events
Company banner at the Social