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.

Treasury Evaluation Program Consulting Opportunity

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

Audit of the Debt Management Process (June 2011)

Audit of Values and Ethics (December 2010)

Audit of Circulating Coins (December 2010)

Audit of the Management of Transfer Payments to Provinces and Territories (December 2010)

Audit of the Department of Finance's Economic Action Plan: Governance, Risk management and Control Framework (May 2010)

Audit of Risk Management (March 2010)

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

10-Year Evaluation of Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime (December 2010)

Evaluation of the Harbourfront Centre Funding Program (December 2010)

Evaluation of the Debt Auction Process Nominal Bonds, Real Return Bonds, Treasury Bills (October 2010)

Evaluation of Canada’s International Debt Relief Initiatives (March 2010)

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

2011 Fall Report of the Auditor General of Canada – Chapter 1 - Canada's Economic Action

2011 October Report of the Commissioner of the Environment and Sustainable Development – Chapter 1 - Climate Change Plans Under the Kyoto Protocol Implementation Act

2011 June Status Report of the Auditor General of Canada – Chapter 3 - Internal Audit

2011 June Status Report of the Auditor General of Canada – Chapter 1 - Financial Management and Control and Risk Management

2011 Spring Report of the Auditor General of Canada – Chapter 1 - Expenditures for the 2010 G8 and G20 Summits

2010 Fall Report of the Auditor General of Canada – Chapter 5 - Regulating and Supervising Large Banks

2010 Fall Report of the Auditor General of Canada – Chapter 1 - Canada's Economic Action Plan

2009 Fall Report of the Auditor General of Canada – Chapter 3 - Income Tax Legislation

2009 Spring Report of the Auditor General of Canada – Chapter 1- Gender-Based Analysis