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Internal Audits and Evaluations

Internal Audits Table

Internal Audits (current reporting period April 2012 – March 2013 - covering 2010-11 – 2013-14 Audit Plans)

Name of Internal Audit Internal Audit Type Status Completion Date
Supervision Sector: Life Insurance Group - Conglomerates Risk Assessment & Intervention Completed June 2012
Corporate Services: Information Management / Information Technology Governance Completed November 2012
Regulation Sector: Capital Division Rule-Making and Approvals Completed November 2012
Supervision Sector: Supervision Support Group, Capital Markets Division Risk Assessment & Intervention Completed February 2013
Supervision Sector: Deposit Taking Institutions – Conglomerates Risk Assessment & Intervention In Progress May 2013
Supervision Sector: Property & Casualty Group Risk Assessment & Intervention In Progress May 2013
Corporate Services: Learning & Development (Formerly Training & Development) Human Resources In Progress June 2013
Corporate Services: Security and Administrative Services (formerly Security Services Unit)1 Governance In Progress September 2013

OSFI’s Internal Audit group conducts regular internal audits. The Internal Audit Plan is recommended for approval one year at a time by the Audit Committee and approved by the Superintendent. The 2012-2013 to 2014-2015 audit plan was approved Q4 2011-2012. The audit plan is subject to change from year to year depending on changes to priorities or in the business.

1The audit of Security & Administrative Services is part of the 2013-2014 audit plan year however, Internal Audit started the audit in Q4 of 2012-13.