Internal audit key compliance attributes

Do internal auditors in departments have the training required to do the job effectively? Are multidisciplinary teams in place to address diverse risks?

1(a) 50% of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA))

1(b) 38% of staff with an internal audit or accounting designation (CIA, CPA) in progress:

1(c) 25% of staff holding other designations (Certified Government Auditing Professional (CGAP), Certified Information Systems Auditor (CISA), Certification in Risk Management Assurance (CRMA) and Certified Fraud Examiner (CFE))

Is internal audit work performed in conformance with the international standards for the profession of internal audit as required by Treasury Board policy?

2(a) April 24, 2018 - Date of last comprehensive briefing to the Departmental Audit Committee on the internal processes, tools, and information considered necessary to evaluate conformance with the Institute of Internal Auditors (IIA) Code of Ethics and the Standards and the results of the quality assurance and improvement program (QAIP).

2(b) March 2016 - Date of last external assessment

Are the risk-based audit plans (RBAPs) submitted to audit committees and approved by deputy heads implemented as planned with resulting reports published?

Is management acting on audit recommendations for improvements to departmental processes?

3. Approved 2018 – 20 RBAP and related information:

Refer to the table below for the audits starting in 2018-19 (additions and adjustments to the internal audits listed in the Plan may have occurred in order to address emerging risks and priorities of the organization).

Is internal audit credible and adding value in support of the mandate and strategic objectives of the organization? 

4. Good - Average overall usefulness rating from senior management (ADM-level or equivalent) of areas audited.