What audit products does the Treasury Board Secretariat expect to see under the Policy?
The requirements of the Policy on Internal Audit are clear on this question. First, deputy heads are to ensure that TBS is “provided in a timely manner with electronic copies in both official languages of all completed internal audit reports.” Appendix B to the Policy defines completed internal audit reports as “ones that have been approved by the internal audit committee and have the required management action plans, if such are required.” If an internal audit report is a completed internal audit report under this definition, whether it arises from an assurance or a consulting engagement, it must be forwarded to TBS. Quite independently of providing completed internal audit reports, the Internal Audit Policy requires deputy heads to inform TBS, on a timely basis, of significant issues of risk, control or other problems with management practices, whether or not they arise in the course of audit work. This requirement echoes that of the Policy on Active Monitoring under which department
Related Questions
- To whom at the Treasury Board Secretariat do departments send completed internal audit reports and approved annual internal audit plans?
- Is it Treasury Board policy that departmental internal audit plans be made accessible to the public?
- What audit products does the Treasury Board Secretariat expect to see under the Policy?
