| Do internal auditors in departments have the expertise and training required to do the job effectively? |
- 78% of staff within the IA function have a financial designation and or IA certification.
- Training is provided annually.
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| Is internal audit work performed in conformance with the international standards for the profession of internal audit as required by Treasury Board policy? |
- Yes.
- Results of a recent External Quality Review provided by the IA function with highest possible overall result of ‘Generally Conforms’.
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| Are the Risk Based Audit Plans (RBAPs) submitted to audit committees and approved by deputy heads implemented as planned with resulting reports published? |
- Yes, RBAP is submitted to audit committee and approved by Deputy Head (Chief) and resulting reports are shared and published internally.
- FY2019‑20: 4 of the 6 approved audits were completed as planned ‑‑ one planned was put on hold as the intended system under review was being replaced ‑ the second engagement was started in FY19‑20 but was intended to be completed in Q2 2020‑21.
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| Is management acting on audit recommendations for improvements to departmental processes? |
- Yes.
- Open actions are closely monitored and action status reporting occurs twice a year ‑ results are shared with the Departmental Audit Committee to help with advancement of implementations.
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| Is internal audit credible and adding value in support of the mandate and strategic objectives of the organization? |
- Yes.
- Results of an External Quality Review (2018) indicated that senior management viewed the IA function as a value-added resource that is providing timely and relevant advice.
- This past year, IA participating in three advisory engagements focused on future IT systems.
- The IA team has positioned themselves as Cyber Audit leaders.
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