Hello Everyone! As the fall winds to a close and we head into the winter season, our Chapter programs have started off with great success. Going forward there is a full program, please see the events calendar on page 4. It is also important to remember that the nominations process for our 2013/2014 year is beginning. The report from the Nominations Committee was emailed to all members on November 15

th and is included in this newsletter (page 9) as well, per our by-laws.

I am pleased to announce the winner of our Members’ Survey contest, Lydia Zhu, CIA Manager with Internal Audit, Ministry of Finance. Congratulations Lydia and thank you to all the members who participated. We had a lot of feedback and we greatly appreciate your time.

The Chapter Achievement Program or “CAP” is a way that we are measured as a Chapter by the IIA. We have been very fortunate to receive Platinum status. There are many components to this status, but one area that I believe we excel in is “Members speaking about the profession of Internal Audit”. It is not surprising that with a membership of over 2,600, how actively we are educating others on the value and benefits of Internal Audit. That being said, I would like to start the CAP Hero Program. This will be a quarterly draw to recognize 3 Heroes who are actively promoting our profession. We want to hear about workshops, sessions, speaking engagements, panels, etc., where you, a member of the Chapter have spread the word on Internal Audit. We will announce the names of the winners in the Newsletter with the added benefit of hearing about all the great things members are doing and getting CAP points too. To turn a phrase, if you are talking about Internal Audit – “There’s a CAP for that!” Please email our Administrator at administrator@iia-toronto.org with your info and we will make sure it is included.

Again, the Executive and Board are here for you and we want to make your membership rewarding and valuable.

On behalf of the Executive and Board, I send you best wishes for this holiday season and for a successful and rewarding New Year!

Jeff McIlravey, CFSA, President IIA Toronto Chapter president@iia-toronto.org

Contents Page

Chapter Board & Committees 2

Members’ Nook 3

Upcoming Learning Events 4

News from IIA Toronto Chapter 9

News from IIA Canada 10

IIA 2013 National Conference 13

Sponsors 16

President’s Message

A N E L E C T R O N I C

N E W S L E T T E R F O R

I I A T O R O N T O

C H A P T E R

M E M B E R S

December 2012

2

OFFICERS

PRESIDENT

Jeff McIlravey, CFSA SENIOR VICE PRESIDENT

Serena Persaud VICE PRESIDENT PROGRAMS

Jim Barbour, CIA VICE PRESIDENT ADMINISTRATION

Susie Carnevale TREASURER

Scott Page, CIA, CCSA, CRMA SECRETARY

Roman Kanter, CIA GOVERNORS

Mark Britt, CIA, CRMA

University of Toronto

Neil Brown

Deloitte

Jacqueline Bukaluk

Scotiabank

Ron Dell’Agnese, CIA

Consultant

David Florio

Grant Thornton

Peggy Gilmour, CRMA

RBC

Charan Kumar, CIA

Collins Barrow

Ingrid Kutter, CIA

OSFI

Linda Lister

E&Y

Jodie Lobana, CIA

Lobana Consulting Group

Tony Malfara

KPMG

Douglas Pirie

PWC Mark Rodrigues, CIA, CRMA

Cara Foods Beili Wong, CIA

LCBO

COMMITTEE CHAIRS

AUDIT COMMITTEE

David Florio

GOVERNANCE COMMITTEE

Jacqueline Bukaluk

CHAPTER HISTORIAN

Logi Kanap

CAE ROUNDTABLE

Tony Malfara

ACADEMIC RELATIONS

Gordon Perry, CIA

ADVOCACY COMMITTEE

Stephen Hack, CIA

CANADIAN CONFERENCE on AUDIT, GOVERNANCE, and SECURITY (CITAGS)

Robert Crawford, CIA, CRMA Charan Kumar, CIA

CERTIFICATION

Gordon Perry, CIA

EDITORIAL

Raj Devadas, CIA

EMPLOYMENT SERVICES

Ka-on Tong, CIA

GOVERNMENT RELATIONS

Ron Foster, CIA

GTA EDUCATION SERIES

Kimberley Munro, CIA

HOSPITALITY/GOLF

Alan Tsang

MEMBERSHIP SERVICES

Robert Crawford, CIA, CRMA

SEMINAR SERIES

Margaret Pacheco

SOUTH WEST ONTARIO EDUCATION SERIES

Angela Byrne, CIA

VOLUNTEER COMMITTEE

Bennet Chan

WEBMASTER

Ka-on Tong, CIA

MEMBERS OF THE INTERIM CANADIAN BOARD

Mark Britt, CIA, CRMA Tony Malfara IIA CANADA COMMITTEES ACADEMIC RELATIONS

Colin Shaw, CIA, CRMA Jodi Lobana, CIA CANADIAN CONFERENCE ADVISORY BOARD

Jeff McIlravey, CFSA Information Technology

Jeff McIlravey, CFSA Marketing

Mark Britt, CIA, CRMA Tony Malfara IIA GLOBAL COMMITTEES ACADEMIC RELATIONS

Robert Cuthbertson CHAPTER RELATIONS COMMITTEE OF NORTH AMERICA

Mark Britt, CIA, CRMA LEARNING SOLUTIONS COMMITTEE

Scott Page, CIA, CCSA, CRMA PROFESSIONAL ISSUES COMMITTEE

Archie Thomas, CIA 2015 INTERNATIONAL CONFERENCE

Mark Britt, CIA, CRMA Jeff McIlravey, CFSA

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Members’ Nook Employment Services (IIA Toronto Chapter and Workopolis NicheNetwork)

For more information, please contact: Ka-On Tong Susie Carnevale Chair, Employment Services Or IIA Toronto Chapter, VP Administration Email: Ka-On.Tong@debeerscanada.com susie.carnevale@protiviti.com

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Upcoming Learning Events

IIA Toronto Chapter Program Events for 2012-2013

Website for Registration: www.theiia.org/toronto

Committee: GTA Education Series (Downtown)

Date Venue Time/ Duration Topic Speaker

Dec 12, 2012

Albany Club; 91 King Street East

Breakfast 8:00–10 am Transforming Internal Audit through Data Analytics

Prashant Masand, CRMA, CIA Senior Manager, Deloitte

Jan 22, 2013

Albany Club; 91 King Street East

Lunch 12:00–2pm Developing an Effective Business Continuity Governance Program - A four phased approach to ensure sustainment and continuous improvement for BC programs

Shanda Chronowich, Senior Manager, Meyers Norris Penney

Jan 29, 2013

Albany Club; 91 King Street East

Breakfast 8:00–10 am Leading Practice Examples Of Audit Committee Reporting

Carmen Rossiter, CA, ICD.D Susie Carnevale, CA Protiviti

Feb, 28, 2013

Albany Club; 91 King Street East

Lunch 12:00–2pm The Role of Audit (and Internal Audit) in Public Sector Governance

Jacques Lapointe, Auditor General, Province of Nova Scotia

Mar 26, 2013

Albany Club; 91 King Street East

Breakfast 8:00–10 am Benefits of Collaborating with the IT Risk Management Function

Eugene Atangan, AVP Technology Risk Management, Manulife Financial

Apr 25, 2013

Albany Club; 91 King Street East

Lunch 12:00 – 2pm Dining and Professional Etiquette in the Business World

Jennifer Carling, Quality & Risk Management Specialist and Neil Brown, Partner, Enterprise Risk, Deloitte

May 28, 2013

Albany Club; 91 King Street East

Breakfast 8:00 –10 am TBC Tony Malfara, KPMG

*The GTA Committee promotes several ACFE events that may be of interest to auditors. In return, the local ACFE chapter extends its pricing to IIA members. The purpose is to generate interest between members of the two chapters with the aim of increasing participation in events.

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ACL – Introduction and Intermediate Courses Date Provider Time/ Duration Topic Venue

Jan 29 & 30, 2013

Deloitte

2 Day ACL – Introduction Deloitte

Toronto, Ontario

Jan 31, 2013 Deloitte 1 days ACL - Intermediate Deloitte Toronto, Ontario

April 30 & May 1, 2013

Deloitte 2 day ACL – Introduction Deloitte Toronto, Ontario

May 7, 2013 Deloitte 1 days ACL - Intermediate Deloitte Toronto, Ontario

Committee: Southwest Ontario (SWO) Education Series (Kitchener/Waterloo) Date Venue Time/ Duration Topic Speaker

4-Dec-12*

Kitchener Holiday Inn

1/2 day

ISACA joint session - Securing mobile devices and BYOD

K. Kalles (RIM)

Jan-13 Holiday Inn Cambridge

1/2 day

"Social media: Risk Exposure" - HR challenges with social media, best practices in the workplace, what auditors need to know about social media

TBD

5-Feb-13*

Kitchener Holiday Inn

1/2 day

ISACA joint session - Data Classification, handling & governance

G. Kilarski (Deloitte)

Mar-13 Holiday Inn Cambridge

1/2 day

Forensic accounting/investigative processes & IA, the variety of concerns where forensic professionals often become involved, the “Dos and Don’ts” in dealing with allegations of wrongdoing and some examples (“war stories”)

Ray Porter / Paul Ross, KPMG

Apr-13 Holiday Inn Cambridge

TBD

Audit Management Systems

C. Ryley (Teammate)

*The SWO Committee promotes several ISACA events that may be of interest to non IT auditors. In return, the local ISACA chapter extends its pricing to IIA members. The purpose is to generate interest between members of the two chapters with the aim of increasing participation in events.

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Committee: Government Relations (Downtown or Mississauga) Date Venue Time/ Duration Topic Speaker

Feb. 28, 2013

Albany Club

Lunch, 1.5 hr The Role of Audit (and Internal Audit) in Public Sector Governance

Jacques Lapointe

April 23, 2013

Ontario Heritage

1 days Construction Law & Risk Management

Speakers from WeirFoulds (Gallery)

April 23-24, 2013

Ontario Heritage

2 day Performance Auditing Stephen Morgan & Ron Foster (Birkbeck)

April 24, 2013

Ontario Heritage

1 days Roles of Accountability Officers within Province

Panel (TBD)

7

CIA Learning System $500.00 + HST for all Members!!!

To help further the value-add to our members and to promote the IIA certification process, we are offering the CIA 4 part kit for $500.00 CAD + HST+ $18 shipping; normal pricing is $745 USD (plus shipping). If you are interested in purchasing the CIA Learning System, please contact the Toronto Chapter’s office at 416.223.5326 or administrator@iia-toronto.org

Transition Plan for CIA Candidates Who Have Not Yet Passed All Exam Parts

The Professional Certifications Board (PCB) has announced the transition plan for CIA candidates who have

passed some parts of the four-part exam before or during the transition phase. The charts below explain the

timeline of when you can register and take the new exam and how exams successfully completed under the

four-part exam structure will be considered in the new three-part exam structure. (Note: The suggested dates

pertain to the English version of the new three-part exam.)

Language Three-part

Exam Available

Three-part

Registration Begins

Four-part

Registration Ends

Four-part

Exam Ends

English 1-July-2013 1-May-2013 30-June-2013 31-December-

2013

Before the transition,

if you have completed:

Under the new structure,

it will count as:

Additionally, you will

need to complete for

that requirement or part:

Application Application Nothing

Part 1 Part 1 Nothing

Part 2 Part 2 Nothing

Part 3 (without Part 4) Part 3

One of three options (within

six months of conversion):

Part 4 exam

PRC4 Credit

Professional Experience

Recognition (PER) process

8

*

Part 4 (without Part 3) Nothing New Part 3

Both Part 3 and Part 4 Part 3 Nothing

Experience Form Experience Form Nothing

Character Reference Character Reference Nothing

Education Verification Education Verification Nothing

For example, if you already have completed either Part 1 and/or Part 2 under the four-part structure, you will

receive credit for the part(s) you passed under the new structure and nothing further will be required for the

part(s) you have passed.

Additionally, if you have completed BOTH Part 3 and Part 4 under the four-part structure, you will receive credit

for the new Part 3 under the new structure with no additional requirements (except Parts 1 and 2).

However, if you have ONLY passed Part 3 and NOT Part 4 under the four-part structure, you must complete

one of the following under the new three-part structure:

Complete Part 4 (from the old four-part structure) within six months of conversion. See dates on the timeline

above.

Apply for and be granted a Part 4 exemption in recognition of completion of another approved certification. See

dates on the timeline above.

*Complete the Professional Experience Recognition (PER) process before 31-December-2013 to receive Part

4 credit. The requirements of this process are being developed now by the PCB and will be provided here once

they are approved.

CIA Four-part to Three-part Exam Content Map

9

News from IIA Toronto Chapter

The Institute of Internal Auditors

Call for Nominations for the Toronto Chapter To: IIA Toronto Members From: IIA Toronto Nominating Committee The IIA’s (Toronto Chapter) Nominating Committee is seeking nominations for candidates to fill open positions on the IIA Toronto Board of Governors and the Chapter Officers for 2013-2014. Candidates should possess the following characteristics:

Experience and a track record of excellent performance with the Chapter as either a member of a committee, the Executive, or the Board, or as a volunteer with an IIA chapter in another jurisdiction, or at the National or Global level

IIA designated, or actively pursuing one Significant number of years of experience in internal auditing as a senior level practitioner

(CAE/Director/Manager) or a senior level professional services provider Is a member in good standing of the Institute and of the Chapter Is willing and able to commit the time required to discharge the responsibilities of the

position Enthusiastic and reliable Committed to the Chapter’s objectives Has support of the employer Has some experience in managing people and/or voluntary organizations or have

leadership and facilitation skills Passion for the profession

Please e-mail your completed nomination form to the Nominating Committee at administrator@iia-

toronto.org by January 15, 2013. The nomination form is available at https://chapters.theiia.org/toronto/News/Pages/Call-for-Nominations-IIA-Toronto-Chapter.aspx The new Chapter leaders will be appointed at the Annual General Meeting in May, 2013 and will begin their terms on June 1, 2013. If you have any questions, you may contact Joan Rainville at administrator@iia-toronto.org.

10

News from IIA

IIA–CANADA BOARD ELECTS NEW CHAIR, VICE CHAIR AT ANNUAL GENERAL MEETING

IIA–Canada’s Board elected a new Chair and Vice Chair at the annual general meeting held September 23, 2012, just prior to the Annual National Conference held in Montreal, Quebec.

Assuming the role of Chair for 2012-2013 is Sheila Smigarowski, CA, CIA (Edmonton Chapter). Sheila is director, Risk, Assurance and Advisory Services at Epcor Utilities Inc. and has been working for more than 20 years in internal and external audit services, risk management and consulting. Sheila has served on the Board of IIA–Canada for more than four years assuming various roles on the Board, including Chapter Relations overseeing the operations of the six Western Canadian chapters. During the past year, Sheila capably stepped into the Senior Vice Chair role after a resignation. Sheila remains a volunteer instructor for IIA seminars and is a member of the Editorial Advisory Board.

Carmen Abela, MA, CIA, CCSA, of the Ottawa Chapter, has been elected Vice Chair for 2012-2013. Carmen is the managing director of WindReach Consulting Services Inc. and has more than 15 years of experience in the fields of internal audit and risk management. For more than ten years, Carmen has been an active member of The Institute of Internal Auditors (IIA). After holding many positions on the Ottawa Chapter Board, she became president in 2008.

Brian Brown (Winnipeg Chapter) has moved to the position of Past Chair. A ”call for nominations” went out to the Canadian members in the summer of 2012 to fill several vacancies. The remaining members of the Interim Canadian Board are as follows:

At-Large Positions: Sheila Smigarowski, Edmonton Chapter Christine Lafrance, Quebec City Chapter Jeremy Pico, Vancouver Chapter Jeff Erdman, Vancouver Chapter Brigitte Samson, Quebec City Chapter Dailene Kells, Saskatchewan Chapter Cam Hartling, Maritime Chapter Carmen Abela, Ottawa Chapter Linda Klassen, Saskatchewan Chapter Tony Malfara, Toronto Chapter

Ex-Officio Positions: Brian Brown, Winnipeg Chapter Mark Britt, Toronto Chapter Stephen Ward, Vancouver Island Chapter Todd Horbasenko, Calgary Chapter

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IIA–CANADA AWARD WINNERS ANNOUNCED AT ANNUAL NATIONAL CONFERENCE IIA–Canada annually presents three recognition awards at the conference. Nominations were sought from the Canadian membership during the summer.

The Arthur Child Distinguished Service in Canada Award is bestowed for contributions to the profession of internal auditing through participation in the activities of The IIA in Canada. The award is named for Arthur Child, chief auditor at Canada Packers and instrumental in the development of the first chapter founded north of the border, the Toronto Chapter on April 24, 1944. This year the award was presented to Mr. Brian Brown, former chair of the Interim Canadian Board for his passionate, selfless commitment as a volunteer leader to the Winnipeg Chapter, IIA–Canada, and IIA North America.

Brian has served for the last two years as chair of the Interim Canadian Board as well as in various capacities with The IIA, including on the Global and North American Boards. From 2004 to 2008 Brian was the Canadian representative on The IIA's Global Board of Directors and North American Board while also serving as a member of the Canadian Council. In 2007-2008, Brian also served as vice chair, operations and chairman of The IIA’s Chapter Relations Committee of North America. Brian also instructs seminars as a Distinguished Faculty Member of The IIA's volunteer instructor program and represents the profession by providing instruction to other professional bodies, including The Directors’ College and The Institute of Corporate Directors.

The IIA–Canada Contribution to the Profession of Internal Auditing Award recognizes individual members for overall contribution to the profession in Canada and globally through research, publications, education, or other developments in the field of internal auditing. This year’s winner is Lal Balkaran. A prolific writer, Lal has published books and articles throughout the world. Lal’s writings continue to be referenced in many forums. Lal has been a member of The IIA for over 25 years and is a past Chair of the Toronto Chapter.

The Lifetime Achievement Award recognizes individual members who, through a lifetime of accomplishments and dedication to the profession and to the Institute, have impacted the Canadian practice of internal auditing, advanced the awareness of IIA–Canada, and inspired professionals in Canada and around the world to make a difference in our profession and in the organizations we serve. This year’s winner, Alphonse Galluccio, has demonstrated his commitment to the profession of internal auditing, locally at the chapter level in Montreal as well as globally through international conferences. Alphonse has served the Montreal chapter as president in 1995-1996 and again from 2002 to 2004, and has been chairman of the board since 2009 when the IIA Montreal Chapter governance structure was modified. In addition, Alphonse advocates for the internal audit profession through instruction at Laval University. His passion for the profession really stands out through all the organization work that he has carried out of the years when serving, planning, and chairing conferences.

12

Certification in Risk Management Assurance™ (CRMA®)

The Institute of Internal Auditors is pleased to announce the development of the Certification in

Risk Management Assurance (CRMA).

The CRMA is one more mark of professional distinction for internal audit practitioners. Earning the

CRMA will assist you in demonstrating your ability to:

Provide assurance on core business processes in risk management and governance.

Educate management and the audit committee on risk and risk management concepts.

Focus on strategic organizational risks.

Add value for your organization.

Professional Experience Recognition (PER) Provision

The CRMA Professional Experience Recognition (PER) is now open to candidates living in North

America or one of the 65 countries serviced by IIA Global.

CRITICAL DATES FOR CRMA PER

Region of the World

North America

( US, Canada, &

Caribbean)

Global (Outside North

America )

PER Deadline – Application and Fees Must Be

Submitted 31 December 2012* 31 December 2012

Last Day to File Substantiating Paperwork and

Forms 31 January 2013* 31 January 2013

*Deadline extended for active North American members only.

Frequently Asked Questions

For answers to frequently asked questions, refer to IIA FAQ document at

https://na.theiia.org/certification/Public%20Documents/FAQ%20-%20CRMA.pdf

13

IIA 2013 National Conference - Winnipeg

“Be here and be transformed” September 29

th to October 2

nd

www.iia2013winnipeg.com

14

Canadian Conference on IT Audit, Governance and Security

(CCITAGS) Joint sponsorship between the Canadian Institute of Chartered Accountants (CICA), the

Toronto Chapter of ISACA, and the Toronto Chapter of IIA

Conference Date: March 26 – 27th 2013 Concurrent 3 day session on Fundamentals of IT Audit - March 26 – 28th 2013

One day workshop – March 28th 2013

The Westin Harbour Castle, Toronto, Ontario

Who should attend?

IT decision makers and advisors in the areas of risk, security and governance

Chief Information Officers

Chief IT Security Officers

Auditors – internal and external

Senior financial professionals with responsibility for IT functions

Who should attend?

IT decision makers and advisors in the areas of risk, security and governance

Chief Information Officers

Chief IT Security Officers

Auditors – internal and external

Senior financial professionals with responsibility for IT functions

Why you should attend

Gain insight in to today’s critical IT challenges and tomorrow’s trends

Network with peers from across Canada

Select from over 20 concurrent sessions on state of the art IT practices for leading IT industry and professional services leaders

Earn up to 21 hours of CPD credits

Topics covered last year included

Cloud Computing

Auditing IT Projects

Managing IT Outsourcing & Offshore Audits

IT Governance

Business Managed Technology

Bring Your Own Devices (BYOD)

Going Mobile – IT Audit Risks

15

**If you have already purchased the CIA Learning System (or you can through the Chapter at the member discounted rate) – you can receive a credit on your course.

16

IIA Toronto Chapter Corporate Sponsors