The Institute of Internal Auditors has established a Canadian Council, a group of 18 members from throughout the country, to address issues specific to the region's internal auditors.

Additionally, the IIA announced that it will establish a Canadian office with an executive director.

The council will work to enhance advocacy initiatives with groups that impact the internal audit profession in Canada such as the federal and provincial governments, corporate directors and the securities commissions. It will also work to develop standards and other professional guidance -- such as materials and training on internal auditors' role in compliance with Canadian Securities Administrators requirements.

The IIA has more than 124,000 members worldwide in 165 countries -- including 11 chapters and more than 5,000 members in Canada. The IIA's membership rolls have increased 64 percent in the past five years, and Canada has seen its own chapters grow by 22 percent since 2004.

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