The aggregation of departmental results is reported publicly on GC Infobase as an indicator for the Internal Audit Function in the Government of Canada, as required under the Policy on Results.
A.2.2.3 Departments must meet public reporting requirements as prescribed by the Comptroller General of Canada
These results, or key attributes demonstrate that the main fundamental elements necessary for oversight are in place, are performing as required under the Policy on Internal Audit and the Directive on Internal Audit and are achieving results.
Why Publish Key Compliance Attributes of Internal Audit?
How the results were compiled:
Attributes
1. Training
- % of staff with an internal audit or accounting designation (Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA): 45%
- % of staff with an internal audit or accounting designation (CIA, CPA) in progress: 36%
- % of staff holding other designations (CGAP, CISA, etc.): 18%
Notes: Audit and Evaluation at VAC is a matrix organization---staff are trained in both functions and are expected to work on audits or evaluations as required. As of 30 June 2023, three of the eleven employees were enrolled in the CIA designation program. Two employees hold more than one designation.
2. Conformance with Institute of Internal Auditors (IIA) Standards
- 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): 8 June 2023
- Date of last external assessment: 31 March 2022
Note: Comprehensive briefings are provided quarterly to the Departmental Audit Committee.
3. Internal Audits Planned
| No | Engagement Title | Engagement Status | Report Approved Date | Report Published Date | Original Planned MAP Completion Date | Implementation Status |
|---|---|---|---|---|---|---|
| 1 | Audit of Disability Benefits, Survivors | Open | 8 December 2021 | 12 January 2022 | 30 September 2022 | 90% |
| 2 | Audit of Health Care Benefits - Cannabis for Medical Purposes | Open | 5 May 2022 | 8 September 2022 | 6 June 2028 | 30% |
| 3 | Audit of Information Management | Open | 18 January 2023 | 16 February 2023 | 31 December 2023 | 32% |
| 4 | Audit of Income Replacement Benefit | In Progress | N/A | N/A | N/A | N/A |
| 5 | Audit of IT Agility | In Progress | N/A | N/A | N/A | N/A |
| 6 | Audit of Digital Transformation | In Progress | N/A | N/A | N/A | N/A |
| 7 | Audit of Real Property | Closed (Management Letter) | N/A | N/A | N/A | N/A |
| 8 | Internal Audit of Federal Government Consulting Contracts Awarded to McKinsey & Company | Closed | 22 March 2023 | 29 March 2023 | N/A | N/A |
| 9 | Audit of Systems, Business Controls and Compliance | New - Planned 2023-24 | N/A | N/A | N/A | N/A |
| 10 | Audit of Mental Health Benefit | New - Planned 2023-24 | N/A | N/A | N/A | N/A |
| 11 | Audit of Training | New - Planned 2023-24 | N/A | N/A | N/A | N/A |
Notes
Additions and adjustments to the internal audits listed in the Departmental Plan may occur in order to address emerging risks and priorities of VAC.
4. Overall Usefulness
Average overall usefulness rating from senior management in 2022 of areas audited: Identified relevant and timely findings which were both useful and realistic resulted in 25.0% of respondents indicating an 'Excellent' rating, while the remaining 75.0% of respondents indicating a 'Good' rating, with one N/A response.
In addition, there was a question on the Client Satisfaction Survey that asked the OPI to give their opinion on the professionalism of the internal auditors at VAC's Audit and Evaluation Division. 60% of survey respondents indicated the auditors displayed 'excellent' professionalism while conducting the engagement, 20% indicated 'good' professionalism and the remaining 20% indicated the auditors displayed 'fair' professionalism.