Compliance Attributes for the Internal Audit Function
Date: October 2018
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Key compliance attributes are published in accordance with the Office of the Comptroller General of Canada (OCG) Technical Bulletin 2018- 1: Policy on Internal Audit. It states that:
A.2.2.3 Departments must meet public reporting requirements as prescribed by the Comptroller General of Canada and using Treasury Board of Canada Secretariat prescribed platforms, including:
A.2.2.3.1 Performance results for the internal audit function.
These key compliance attributes demonstrate that the fundamental elements necessary for oversight are in place, are performing as required under the Policy on Internal Audit and the Directive on Internal Audit, and are achieving results.
For more information: Why publish key compliance attributes of Internal Audit
Key Compliance Attributes (Results as of October 15, 2018)
Professional Qualifications
Members of the internal audit team are trained to do their job effectively. Multidisciplinary teams are in place to address diverse risks. The breakdown of the internal audit staff professional qualifications is shown in Figure 1.
Figure 1. Internal audit staff qualifications as of October 15, 2018
Figure 1 – Text version
The bubble chart shows the breakdown of the internal audit staff qualifications as of October 15, 2018.
| Certified Internal Auditor (CIA)/Chartered Professional Accountant (CPA) Designations |
24% |
Other Designations
|
16% |
| Accounting or other designation In progress |
5% |
| Post-graduate degree |
5% |
Conformance with the International Standards
The Audit and Assurance Services Branch's internal audit work conforms to international standards for the profession. The last external audit assessment was completed in May, 2017. On August 21, 2018 there was a comprehensive briefing to the Departmental Audit Committee on the most recent internal assessment. The comprehensive briefing consisted of an update on:
- Internal process, tools and information considered necessary to evaluate conformance with the Institute of Internal Auditor's Code of Ethics and Standards
- Results of the Internal Audit Branch's Quality Assurance and Improvement Program
The internal audits conducted by the Audit and Assurance Services Branch are planned and based on the approved Risk-Based Audit Plan for 2018-19 to 2019-20. The audits are listed in the table below. Additions and adjustments to the internal audits listed in the Departmental Plan may have occurred in order to address emerging risks and priorities of the organization.
| Internal Audit Title | Audit Status | Report Approved Date | Report Published Date | Original planned MAP Completion date | Implementation status | Notes |
|---|---|---|---|---|---|---|
| Audit of Consultation and Accommodation with Indigenous Nations | In progress | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of Engagement with Indigenous Nations | Planned | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of the Estate Services Program | In progress | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of Performance Measurement | In progress | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of Jordan's Principle : A Child First Initiative | In progress | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of the Economic Development Programs | In progress | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
| Audit of Accounts Receivable | Planned | - Not Available | - Not Available | - Not Available | - Not Available | - Not Available |
Overall Usefulness of Internal Audits
Based on the post-audit survey results received, senior management felt that the average overall usefulness of the audits conducted was excellent.