Performance results—ISED's internal audit function
As per the Directive on Internal Audit, Departments must meet public reporting requirements as prescribed by the Comptroller General of Canada including performance results for the internal audit function.
The objective of publishing performance results for the internal audit function, in the form of key compliance attributes, is to provide pertinent information to stakeholders i.e. Canadians and parliamentarians, regarding the professionalism, performance and impact of the function in Departments.
For more information, see Why Publish Key Compliance Attributes of Internal Audit
(answers questions that stakeholders may have about the oversight of public resources)
|Key Compliance Attributes||Results for ISED|
1. Do internal auditors in Departments have the training required 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.)
|2. 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(a) The ISED Departmental Audit Committee (DAC) was briefed on the results of the External Validation of the Department's 2017-18 Practice Inspection on March 27, 2018.
Additionally, the DAC was briefed on the results of the 2018-19 QAIP of the Audit and Evaluation Branch's (AEB) Internal Audit (IA) Function on May 31, 2019.
2(b) The last external assessment was recommended for approval by the DAC on March 26-27, 2018 and approved by the Deputy Minister on April 23, 2018.
|3. 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?||
3. RBAPs and related information:
3(a) name/status of audit for the current fiscal year of the RBAP
3(b) date the audit report was approved
3(c) date the audit report was published
3(d) original planned date for completion of all management action plan (MAP) items
3(e) status of MAP items
The ISED 2019-20 to 2020-21 RBAP was presented to the DAC on May 30, 2019.
For this compliance attribute, see Status of Internal Audits and Management Action Plans.
This requirement applies only to internal audits that will begin in 2018-19 and after.
|4. 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.||100% of senior management rated the overall usefulness of audits as "agree" to "strongly Agree".|
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