Internal Audit Performance Results - June 2024 update

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 following four key compliance attributes provide pertinent information to stakeholders, in other words, Canadians and parliamentarians, regarding the professionalism, performance, and impact of the function in the Department.

For more information, see Why publish key compliance attributes of internal audit.

Compliance Attributes	Key Compliance Attributes	Results for INFC
Do internal auditors in departments have the training required to do the job effectively? Are multidisciplinary teams in place to address diverse risks?	Percentage of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA)).	40%
	Percentage of staff with an internal audit or accounting designation (CIA, CPA) in progress.	57%
	Percentage of staff holding other designations (Certified Government Auditing Professional (CGAP), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), Certified Risk Management Advisor (CRMA), etc.).	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 Institute of Internal Audit Code of Ethics and the Standards and the results of the Quality Assurance and Improvement Program (QAIP).	April 7, 2022
	Date of last external assessment	April 2022
Are the Risk-based audit plans (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?	Risk-based audit plans (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	For this compliance attribute, see RBAP and Related Information
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 (Assistant Deputy Minister-level or equivalent) of areas audited.	Average of all respondents revealed a rating of Excellent.

Risk–Based Audit Plan (RBAP) and Related Information
Internal audit title	Audit status	Report approved date	Report published date	Original planned MAP completion date	Implementation status
Just-In-Time Audit: Investing in Canada Infrastructure Program: COVID-19 Resilience Infrastructure Stream	Published – MAP fully implemented	2022/12/15	2023/05/09	2023/03/01	100%
Combined Audit and Evaluation of Investing in Canada Infrastructure Program (ICIP)	Approved (not yet published) – MAP fully implemented	2023/11/10	(not yet published; Evaluation Directorate is leading the publication process and we needed to get the Evaluation portion of the report approved by PMEC (in February 2024) before proceeding with the combined report publication)	2023/09/30	100%
Audit of INFC’s Cybersecurity Framework	Approved (not yet published)	2024/04/13	TBD	2025/03/31	0%
Audit of INFC’s Procurement Practices	In Progress	-	-	-	-

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Internal Audit Performance Results - June 2024 update

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