Internal audit key compliance attributes as of December 1, 2023
Publication type
Audit
Date
Key compliance attributes
- % of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA))
- 87.5% of staff hold an internal audit or accounting designation
- % of staff with an internal audit or accounting designation (CIA, CPA) in progress
- 12.5% of staff have an internal audit or accounting designation in progress
- % of staff holding other designations (CGAP, CISA, etc.)
- 62.5% of staff hold other designations
- Date of last comprehensive briefing to the Departmental Audit Committee 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)
- June 22, 2022
- Date of last external assessment
- August 29, 2022
- Average overall usefulness rating from senior management (ADM-level or equivalent) of areas audited.
- 50% of senior management strongly agree or somewhat agree that the audits conducted were useful.Footnote 1*
Please visit the TBS website for further information on the posting requirements of internal audit compliance attributes.
Internal audit status
| Internal audit title | Audit status | Report approved date | Report published date | Original planned Management Action Plan (MAP) completion date | Management Action Plan (MAP) implementation status (%) |
|---|---|---|---|---|---|
| Procurement and contracting | Published MAP not fully completed yet | 2022-02-24 | 2022-05-20 | 2023-03-31 | 68.8% |
| Supervisory processes systemically important Banks group | Published MAP not fully completed yet | 2022-06-27 | 2022-09-20 | 2024-09-30 | 61.5% |
| Human capital management | Published MAP not fully completed yet | 2022-11-28 | 2023-02-07 | 2024-03-31 | 33.3% |
| Supervisory processes - IAIGs, CMHC | Published MAP not fully completed yet | 2023-04-25 | 2023-07-31 | 2024-09-30 | 0% |
| Private Pension Plans | Published MAP not fully completed yet | 2023-04-25 | 2023-07-31 | 2024-09-30 | 8.3% |
Footnotes
- Footnote 1
-
These results differ from previous years. They may not be representative of the entire population because the latest sample was abnormally small. Moving forward we expect to receive data statistically more accurate as we are implementing an updated survey that will be applied to a larger sample.