Key Compliance Attributes are published as required under the Directive on Internal Audit

  • 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. Performance results for the internal audit function.
    • A. A list of planned audit engagements for the coming fiscal year

These results, or key attributes, demonstrate that the main 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.

Why publish key compliance attributes of internal audit?

Key compliance attributes
Stakeholder questions Key Compliance Attributes 2017-18 2018-19 2019-20 (in progress) Internal Audit comments (as necessary) Definitions
Do internal auditors in departments have the training required to do the job effectively? Are multidisciplinary teams in place to address diverse risks? Number of IA employees (including the CAEE) 6 6 5 - The number of current full-time employees on strength
% of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA)) 33% 17% 40% - -
% of staff with an internal audit or accounting designation (CIA, CPA) in progress 17% 50% 40% - In progress: The staff member (an indeterminate employee) has formally registered with and has been accepted by the certifying body to complete the requirements of the professional designation in a prescribed time frame and has registered for at least one component of the certification process.
% of staff holding other designations (CGAP, CISA, etc.) 33% 33% 40% - -
Is internal audit work performed in conformance with the international standards for the profession of internal audit as required by Treasury Board policy? Date of last comprehensive briefing to the Departmental Audit Committee 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) - May 2018 May 2018 - Last comprehensive briefing: A comprehensive briefing includes updates on all pertinent elements of the QAIP. In accordance with IIA Standard 1320, this comprehensive briefing would include:
  • the scope and frequency of both the internal and external assessments
  • the qualifications and independence of the assessor(s) or assessment team, including potential conflicts of interest
  • conclusions of assessors; and
  • corrective action plans
Date of last external assessment May 2013 April 2018 June 2018 The April report was modified and presented to DAC in June 2018 External assessments (practice inspections) must be conducted at least once every five years by a qualified, independent assessor or assessment team from outside the organization.
Is internal audit credible and adding value in support of the mandate and strategic objectives of the organization? Average overall usefulness rating from senior management (ADM-level or equivalent) of areas audited. Good - - - Average “overall usefulness” rating: Post-audit surveys to senior management of the area audited should include a question on the overall usefulness of the audit.
Internal audit status

List of planned audit engagements for the coming fiscal year

Internal audit title Audit status Report approved date Report published date Original planned management action plan (MAP) completion date MAP implementation status (%)
Occupational health and safety program In progress - - - -
Fraud Risk Assessment Planned - - - -
Coordination of legal services in the Agency In progress - - - -
Information Management Planned - - - -
Finance & Administration audits of business units Planned - - - -
Costing Planned - - - -
Maximo (asset) data quality Planned - - - -
Revenue controls on canals Planned - - - -
Financial monitoring Planned - - - -