2017–2018 Performance Results
Department of Finance Canada’s Internal Audit Directorate
Directive on Internal Audit
Appendix A: Mandatory Procedures for Internal Auditing in the Government of Canada
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.188.8.131.52 Performance results for the internal audit function
The objective of publishing departmental internal audit performance results, in the form of key compliance attributes, is to provide pertinent information to stakeholders (Canadians, parliamentarians) regarding the professionalism, performance and impact of the function in departments.
The key compliance attributes detailed below have been selected to show an external audience that an internal audit function is in place within the Department and is operating as intended.
Departments with internal audit functions are required to publish key attributes of compliance as per section A.184.108.40.206 of the Treasury Board Directive on Internal Audit. It is important that the public is aware that the heads of government organizations are receiving assurance and that activities are managed in a way that demonstrates responsible stewardship.
More information regarding the rationale behind publishing these attributes can be found under the OCG web page.
|Compliance Attributes will answer questions that stakeholders may have about the oversight of public resources||Key Compliance Attribute||Performance Results|
|Do internal auditors in departments have the training to do the job effectively? Are multidisciplinary teams in place to address diverse risks?||1(a) % of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA))
1(b) % of staff with an internal audit or accounting designation (CIA, CPA) in progress
1(c) % of staff holding other designations (CGAP, CISA, etc.)
|1(a) 57% of staff with an internal audit or accounting designation (CIA, CPA)
1(b) 43% of staff with an internal audit or accounting designation (CIA, CPA) in progress
1(c) 0% of staff holding other designations (CGAP, CISA, etc.)
|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) Date of last comprehensive briefing to the Departmental Audit Committee (DAC) on the internal processes, tools, and information considered necessary to evaluate conformance with the IIA Code of Ethics and the Standards and the results of the quality assurance and improvement program (QAIP)
2(b) Date of last external assessment
|2(c) August 31, 2017 was the date of the last comprehensive briefing to DAC on the internal processes, tools, and information considered necessary to evaluate conformance with the IIA Code of Ethics and the Standards and the results of the QAIP
2(d) July 15, 2017 was the report date of the last external assessment
|Are the 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. RBAPs and related information
(a) name / status of audit for the current fiscal year of the RBAP
(b) date the audit report was approved
(c) date the audit report was published
(d) original planned date for completion of all management action plan (MAP) items
(e) status of MAP items
|The 2017–18 to 2019–20 RBAP* was submitted to DAC on June 5, 2017 and approved by the Deputy Minister on June 9, 2017.
See table in Appendix A.
*Adjustments to the internal audits listed in the Departmental 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. Average overall usefulness rating from senior management (ADM-level or equivalent) of areas audited.||Senior management feedback obtained through a survey indicated that the “overall usefulness” of the approved engagement in 2017–18 was “Good” out of potential rankings of Poor, Fair, Good, and Excellent.|
|Engagement Title||Engagement status||Report approved date||Report published Date||Original planned MAP Completion Date||Implementation Status|
|1||Audit of Web Posting||Published: MAP not fully implemented||2016/06/06||2016/07/15||March 2017||67%|
|2||Audit of Business Continuity Planning Program||Published: MAP not fully implemented||2016/08/29||2016/11/22||March 2018||67%|
|3||Coordinated Audit of Physical Security Access at The James Michael Flaherty Building||Published: MAP not fully implemented||2017/11/22||2018/01/10||March 2018||60%|
|4||Audit of Information Management of the Federal Budget Process||In Progress|
|5||Audit of Safeguarding of Sensitive Information1||In Progress|
|6||Audit of the International Financial Institutions’ Governance Framework2||Planned|
1 Formerly known as the Audit of Values & Ethics – Safeguarding Confidential Information
2 Formerly known as the Audit of the Department of Finance’s International Monetary Fund Governance Framework