Internal Audit and Evaluation

This team supports the Deputy Minister and senior management in attaining the strategic objectives of the Department by providing them with objective, independent, and evidence-based information, assurance, and advice on the effectiveness, efficiency and economy of departmental activities. Internal Audit and Evaluation uses an open and risk-based planning process, following professional standards in all aspects of its work.

Internal Audit and Evaluation provides internal audit and evaluation services to the Deputy Minister, departmental managers and the external Audit and Evaluation Committee. It also provides liaison services between the Department and external oversight organizations such as the Office of the Comptroller General and Agents of Parliament, principally the Office of the Auditor General.

Audit and Evaluation Reports

• Internal Audits
• Evaluations
• External Audits

The results of audits and evaluations of government operations involving the Department of Finance Canada are posted on-line to promote public accountability and transparency.

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Internal Audits

Follow-up Audit of the Toronto Waterfront Revitalization Initiative (September 2009)

Audit of the Security of Information (June 2009)

Audit of Pay and Related Benefits (May 2009)

Audit of Leave and Overtime (December 2008)

Audit of Administrative Controls over the Foreign Debt Portfolio and Foreign Currency Asset Reserves (May 2006)

Audit of Administrative Controls over the Domestic Debt (July 2004)

Audit of First Nations Sales Tax Administration Agreements (June 2003)

Audit of Fiscal Transfer Payments to the Provinces and Territories (May 2002)

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Evaluations

Evaluation of the Research and Policy Initiatives Assistance Program - Finance Canada (March 2009)

Emergency Preparedness & Critical Infrastructure Protection Summative Evaluation Report (May 2008)

Risk Management Report (November 2007)

Evaluation of the Exchange Fund Account (July 2006)

Report on the Evaluation of the Receiver General Cash Management Program (June 2006)

Review of Borrowing Framework of Major Federal Government-Backed Entities (June 2005)

Year Five Evaluation of the National Initiatives to Combat Money Laundering and Interim Evaluation of Measures to Combat Terrorist Financing (April 2005)

Governance Evaluation: Debt & Reserves Management (March 2004)

Review of Canada Savings Bonds (January 2004)

Evaluation of the Bond Buyback Program (April 2003)

The National Initiative to Combat Money Laundering: Year Three Evaluation (February 2003)

External Review of the Reserves Management Framework (December 2002)

Developing Well Functioning Canada Bond and Bill Markets (March 2002)

Evaluation of the Government's Decision to Target a Higher Fixed Rate Debt Structure (February 2002)

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External Audits

Audit of Revenues for the Air Travellers Security Charge and of Expenses for the Enhanced Air Travel Security System for the Fiscal Year 2004-2005

• Issued with News Release 2007-066: Financial Statements for Air Travel Security for Fiscal Year 2004-05 (August 17, 2007)

Audit of Revenues for the Air Travellers Security Charge and of Expenses for the Enhanced Air Travel Security System for the Fiscal Year 2003-2004

• Issued with News Release 2006-041: Updated Financial Information on Air Transportation Security (August 25, 2006)

Audit of Revenue from the Air Travellers Security Charge for the Fiscal Year 2002-2003 and of Expenses for the Enhanced Air Travel Security System for the Period from September 11, 2001 to March 31, 2002 and the Fiscal Year 2002-2003 (Conducted by the Auditor General of Canada)