Nine areas of focus have come out of the results of Deloitte's latest survey of chief audit executives (CAEs) with recommendations for action. The survey, which has been widely reported, indicated that in the opinion of the responding CAEs only 28% of them “believe their functions have strong impact and influence in their organizations, while 16 percent felt that Internal Audit has little to no impact and influence”.
I don’t believe internal audit is “losing prestige”. My belief is that internal audit can and should do more to deliver the value that our stakeholders need. Unfortunately, internal audit at many if not most organizations does not have a lot of prestige and the argument should be about increasing rather than losing it.
Last year, Citizenship and Immigration Canada published a notice on its website, which provided valuable guidance regarding the giving of immigration advice. The notice focuses on: (1) travel agents, (2) employment agents and recruiters, (3) human resources professionals, (4) educational agents, (5) adoption agencies, and (6) live-in caregivers’ agents. It warns these entities not to engage in the unauthorized practice of law and indicates that merely advising someone on their immigration options can be considered unauthorized practice.
Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.