Performance results for the internal audit function – March 31, 2021
Why publish key compliance attributes of internal audit?
| Number | Questions on Compliance Attributes of Internal Audit | Answers on Compliance Attributes of Internal Audit |
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| 1. | Do internal auditors at the CSA have the training required to do the job effectively? | The organizational chart of the audit function consists of 5 employees who occupy the following positions:
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1 a) Percentage of staff with a professional designation:
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1 b) Percentage of staff with a professional designation in progress:
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1 c) Percentage of staff holding other designations:
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| Are multidisciplinary teams in place to address diverse risks? | The internal audit function has the necessary skills and experience to carry out the risk-based internal audit plan. The audit function employees have general knowledge of risk management, management control, and governance processes. When specific skills will be required, such as information technology, external providers' services will be retained. | |
| 2. | Is internal audit work performed in conformance with the international standards for the profession of internal audit as required by Treasury Board policy? | An audit manual containing specific procedures to ensure the application of international standard for the internal audit profession guides the audit work. In addition, various quality assurance processes are performed through the supervision of audit work throughout the execution of audits. An external assessment of professional practices is carried out every five years. |
2 a) In , the Audit Committee members were informed of the results of the external assessment of professional practices carried out in . The assessments' conclusions, as well as opportunities for improvement, were presented. Moreover, the practices in place regarding the quality assurance program were presented to the Audit Committee members in . |
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| 2 b) The last external assessment of professional practices was conducted in . | ||
| 3. | Are the RBAPs submitted to audit committees and approved by deputy heads implemented as original planned with resulting reports published? Is management acting on audit recommendations for improvements to departmental processes? | During -, CSA has carried out the majority of the audit projects planned in the RBAP approved by the Audit Committee in June 2020. An audit report was completed, approved and published within 90 days of the approval date and two audits were in progress at the end of the year. With respect to the audit recommendations, the implementation rate of management action plans on March 31, 2021 was 67%. |
3 a) Name and status of audits for the current fiscal year of the RBAP
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3 b) Date on which the audit report was approved
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3 c) Date on which the audit report was published
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3 d) Original planned date for completion of all management action plan (MAP) items
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3 e) Status of MAP items:
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| 4. | Is internal audit credible and adding value in support of the mandate and strategic objectives of the organization? | The internal audit aims to add value in support of the organization's objectives and conducts a survey of the audited entity after each audit to measure the effectiveness and to identify opportunities for improvement. |
4 a) A satisfaction survey of the audited entity was conducted for one audit during -. To the question of whether, in general, the audit was useful, the rating was:
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| Number | Internal Audit Title | Audit Status | Report Approval Date | Report Publication Date | Original Planned MAP Completion Date | Implementation Status |
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| 1. | Audit of the Management Framework for the Enabling Technology Development Program | Published: Action plan in progress | 70% | |||
| 2. | Audit of the Management Framework for the Class Grant and Contribution Program to Support Research, Awareness and Learning in Space Science and Technology | Published and action plan completed | 100% | |||
| 3. | Audit of Intellectual Property and Technology Transfer | Published: Action plan in progress | 35% | |||
| 4. | Audit of Cybersecurity practices | In progress | ||||
| 5. | Audit of the Management Framework for Space Exploration activities related to Science and ISS Utilization | In progress |