2022-2023 SSHRC—Key Compliance Attributes of the Corporate Internal Audit Division

Do internal auditors in departments have the training required to do the job effectively? Are multidisciplinary teams in place to address diverse risk?

• 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 professional designations (CGAP, CISA, CRMA, etc.)

• (a) 100% of internal audit staff have either a CIA or a CPA
• (b) 20% of staff have a CIA in progress
• (c) 40% of internal staff have other professional designations (CGAP, CRMA)

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 on the internal processes, tools, and information considered 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

• (a) The last comprehensive briefing to the Audit Committee was in April 2022.
• (b) The last external assessment was completed in spring 2019.

Are 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 of engagement for the current fiscal year of the RBAO
• (b) status of engagement for the current fiscal year of the RBAP
• (c) date the engagement report was approved
• (d) date the engagement report was published
• (e) original panned date for completion of all management action plan (MAP) items
• (f) status of MAP items

The 2022-23 RBAP was submitted to the audit committee on June 22nd, 2022, and approved by the deputy heads in July 2022.

Refer to Table 1

Is internal audit credible and adding value in support of the mandate and strategic objectives of the organization?

4. Average overall usefulness rating of areas audited.

Senior management for areas audited rated the overall usefulness of our work as either good (50%) or excellent (50%).