July 16, 2007

Laying tracks for effective controls – Canadian Pacific’s IA team

Nancy Hala, KnowledgeLeader contributing writer

Canadian Pacific (CP) is a Class 1 North American railway providing freight transportation services across a 13,500-mile network in Canada and the United States. In this profile, Bill Hewson, CP chief internal auditor, discusses the mandate, based on a quality assurance review performed for the company, to develop and execute an annual audit plan designed to assess and mitigate risk through effective controls. Hewson continues on to describe IA performance measurement, 2006 SOX compliance as a foreign private issuer, and his vision for what lies ahead.