Key Compliance Attributes of Internal Audit

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.

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.

Performance indicators Key compliance attribute Results Internal Audit comments
(as necessary)
Do internal auditors in departments have the training required to do the job effectively? Are multidisciplinary teams in place to address diverse risks? % of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA)) 100%
% of staff with an internal audit or accounting designation (CIA, CPA) in progress 0%
% of staff holding other designations. 100% Other designations held by internal audit staff:

Certified Fraud Examiner (CFE)
Certified Financial Crime Specialist (CFCS)
Certificate in Risk Management Assurance (CRMA)
Certified Information Systems Auditor (CISA)
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 2019
Date of last external assessment May, 2019
Are the Risk-Based Audit Plans (RBAP) 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? RBAPs and related information:
  • name/status of audit for the current fiscal year of the RBAP
  • date the audit report was approved
  • date the audit report was published
  • original planned date for completion of all management action plan (MAP) items
  • status of MAP items
See table below Due to staffing changes within Internal Audit, no new audits were approved to start in 2019-2020.
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. N/A Due to the small size of the internal audit team and CGC’s senior management team, surveys are not practical. Ongoing dialogue with senior management occurs to ensure internal audit engagements are relevant and useful.
Internal audit title Audit status Report approved date Report published date Original planned management action plan (MAP) completion date MAP implementation status (%)
Audit of Analytical Services In progress - - - -

“additions and adjustments to the internal audits listed in the Departmental Plan may have occurred in order to address emerging risks and priorities of the organization”.

Why Publish Key Compliance Attributes of Internal Audit?

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