Under the Treasury Board Directive on Internal Audit, Transport Canada is required to publish information on the professionalism, performance and impact of our internal audit function. Here are the key ways that we comply with standards.
Auditor training
Our internal auditors are trained to do their work effectively.
- 60% of staff have an internal audit or accounting designation (Certified Internal Auditor or Chartered Professional Accountant)
- 30% of staff are in the process of obtaining an internal audit or accounting designation
- 50% also hold other designations, including:
- Certified Government Auditing Professional (CGAP)
- Certified Information Systems Auditor (CISA)
- Certification in Risk Management Assurance (CRMA)
- Certified in Risk and Information Systems Control (CRISC)
- Certified in the Governance of Enterprise Information Technology (CGEIT)
- Certification in Control Self-Assessment (CCSA)
- Certification in Fraud Examination (CFE)
External practice inspection
In keeping with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing that an external assessment of an internal audit activity be conducted at least once every five years, an external assessment was completed in 2021-2022. The assessment results indicated that Transport Canada’s Internal Audit function “generally conforms” with the Policy on Internal Audit and the related International Professional Practices Framework’s Code of Ethics and the Standards, the highest rating that can be obtained.
Quality Assurance and Improvement Program
Our audits conform to international standards for the profession.
Quality assurance reviews of our audits are done periodically. These reviews have never found instances of non-conformance with the IIA International Standards.
The Departmental Audit Committee (DAC) was briefed at its February 24, 2023 meeting on the internal processes, tools and information considered necessary to evaluate internal audit conformance with the IIA Standards and on the results of our Quality Assurance and Improvement Program.
Risk-based audit plan and related information
Our internal audits are carried out according to a risk-based audit plan approved by the Deputy Minister.
The table below presents the status of internal audit engagements that started in 2022-2023 as well as engagements with outstanding management action plans (MAP). The table outlines the following:
- name of the audits
- status of the audits
- date the report was approved
- date the audit report was published
- original planned date for completion of all MAP items
- percentage of MAP items completed as of October 31, 2023
|
Title |
Status of audit |
Date report approved |
Date report published |
Original planned completion date of MAP |
% of MAP completed |
|---|---|---|---|---|---|
| Audit of the IM/IT Organization’s Key Controls Related to Finance, Procurement and Staffing | Published – MAP fully implemented | February 27, 2018 | June 23, 2018 | March 31, 2020 | 100% |
| Review of Transport Canada’s Cloud Project | Published – MAP fully implemented | July 9, 2021 | January 14, 2022 | September 2021 | 100% |
| Audit of Vessels of Concern Initiative | Published – MAP fully implemented | November 26, 2021 | June 10, 2022 | December 31, 2022 | 100% |
| Review of the National Aircraft Certification Program | Published – MAP not fully implemented | November 26, 2021 | June 10, 2022 | December 2025 | 17% |
| Audit of the Incentive for Zero Emission Vehicles | Published – MAP fully implemented | June 27, 2022 | November 30, 2022 | December 2022 | 100% |
| TC Indigenous Engagement Review | Published – MAP fully implemented | November 10, 2022 | February 16, 2023 | June 30, 2023 | 100% |
| Review of IM/IT Governance | Published – MAP not fully implemented | January 14, 2023 | May 24, 2023 | June 2023 | 63% |
| Review of COVID-19 Temporary Measures | Published – MAP not fully implemented | January 26, 2023 | May 26, 2023 | Fall 2023 | 0% |
| Audit of the National Trade Corridor Fund | Approved – Not published | June 27, 2023 | March 2024 | 50% | |
| Review of COVID-19 Vaccination Policy Implementation | In progress |
Note: In order to address emerging risks and departmental priorities we may adjust the internal audits planned in the risk-based audit plan.
Average overall usefulness rating of areas audited
In 2022-2023, the average overall usefulness was rated as “Good” by senior management of areas audited, indicating that audit clients viewed the internal audit function’s assurance and advisory support as adding value to their decision-making processes.