Status of Internal Audits and Management Action Plans

From: Innovation, Science and Economic Development Canada

Deputy heads of all departments are responsible for ensuring that completed internal audit reports are released on platforms as prescribed by the Treasury Board of Canada Secretariat and within the timeframe prescribed by the Comptroller General of Canada.

Completed internal audit reports must be posted on departmental websites within 90 working days of deputy head approval, while respecting the following:

As per ISED's Key Compliance Attributes, the table below provides a status update on the implementation of the internal audit engagements, as well as on the implementation of Management Action Plans (MAP) resulting from internal audit engagements. This requirement applies only to internal audits that will begin in 2018-19 and after.

  Internal Audit Title Audit Status Report - Approved Date Report - Published Date Original Planned MAP Completion Date Implementation status
1 Audit of Integrated Risk Management Published – MAP not fully implemented 2018/10/16 2019/02/22 March 2020 0%
2 Audit of Spectrum Compliance In Progress N/A N/A N/A N/A
3 Audit of the Competition Bureau In Progress N/A N/A N/A N/A
4 Audit of Key Corporate Controls (Contracting, Acquisition Cards) In Progress N/A N/A N/A N/A
5 Horizontal Audit of Costing and Revenue Controls Planned N/A N/A N/A N/A
6 Horizontal Audit of Corporate Management Functions Planned N/A N/A N/A N/A
7 Audit of SIF Part I (Streams 1 to 3 and Legacy Programs) Planned N/A N/A N/A N/A
8 System Under Development Audit of the PPMI Planned N/A N/A N/A N/A
9 Audit of OSB's Licensed Insolvency Trustee Compliance Program Planned N/A N/A N/A N/A

As of May 31 2019

Date modified: