Canadian version of the Deloitte U.S. whitepaper
Regulatory changes such as Sarbanes-Oxley in the United States and the arrival of CEO/CFO certification requirements in Canada over the past few years have profoundly changed the business environment for companies listed on equity markets worldwide. Public companies must now determine financial reporting risks, identify or establish related controls, assess control effectiveness, fix deficiencies, and then re-test and re-document anew.
Internal audit is not only one of the business functions significantly affected by the compliance requirements, but it also provides invaluable assistance to the compliance process. The key for future success will be finding the right balance of activities along with adaptability and flexibility. Tremendous value can be brought to an organization with an optimally structured and high-performing internal audit function, impacting not just regulatory compliance but also operational excellence.
See full Press Release.
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