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Table 3: Audit Plan 2012-2013

Project, Scope, Objectives Audit Priority Rationale for Conduct

1. G&Cs – Due Diligence and Approval Process

Assess the effectiveness, efficiency and economy of mechanisms in place that ensure stewardship, ethics, governance, risk management and controls in the project approval and funding process work and will lead to intended results.

Very High

Score 11

Links to Corporate Risks
# 1,2,3,4

Links to Core Controls:
Governance
PS Values
Policy & Programs
Citizen Focus
Risk Management
Stewardship
Accountability
Learning/Innovation
Results/Performance

  • Significance
  • Discretion and professional judgment
  • Fairness and transparency of decisions
  • Core business process
  • Third party dependencies
  • G&C process cyclical audit

2. OCG Horizontal Audit of Grants and Contributions Management Control Framework – Phase 2

WD was one of the departments selected for Phase 1 of this horizontal audit that was completed in 2010-11. WD has been pre-selected to be part of Phase 2 as well.

High

Score 8

Links to Corporate Risks
# 2,3,4

Links to Core Controls:
Governance
Policy & Programs
Citizen Focus
Risk Management
Stewardship
Accountability
Results/Performance

  • OCG horizontal audit priority
  • WD has already been selected
  • Policy requirement to support horizontal audits

3. Succession Planning

Personnel retention strategies and processes, succession planning in light of changing labour market, public service renewal, and demographics in the workplace.

High

Score 9

Links to Corporate Risks
# 2,5

Links to Core Controls:
Governance
PS Values
People
Stewardship

  • Organizational priority
  • Significance
  • Complexity
  • No previous audit

4. Canada Business Service Centres

Sound Stewardship, project management, governance, risk management and control mechanisms exist to achieve the results of the program .

High

Score 8

Links to Corporate Risks
# 1,2,3,4,8,9

Links to Core Controls:
Policy & Programs
Stewardship
Accountability
Results/Performance

  • Client-focused services
  • No previous internal audit
  • Third party dependencies

5. Resource Planning and Allocation

The activities, schedules, and resources needed to achieve objectives have been integrated into the budget and reported upon regularly and on a timely basis.

High

Score 8

Links to Corporate Risks
# 1,2,3,4

Links to Core Controls:
Governance
Citizen Focus
Risk Management
Stewardship
Accountability
Results/Performance

  • Compliance with policy & procedures
  • Alignment with priorities
  • Management of scarce resources
  • Timeliness of decisions

6. Quarterly Financial Statement Controls

WD is required to comply with the new TB requirements to prepare and publish quarterly financial statements and forward looking financial information. These are new processes that have just been developed to meet this need.

High

Score 9

Links to Corporate Risks
#3,4

Links to Core Controls:
Governance
Citizen Focus
Risk Management
Stewardship
Accountability
Learning/Innovation
Results/Performance

  • New TB requirement
  • Requires offline processes
  • Required system functionality changes
  • CFO and Deputy sign off
  • Public scrutiny and profile

7. Quality Assurance Review – External Assessment

Adequacy and effectiveness of the Internal Audit Activity and Audit Committee, including the degree to which departments are in compliance with TB Policy and with the professional standards and code of the Institute of Internal Auditors.

High

Score 9

Links to Corporate Risks
# 1 - 6

Links to MAF Element:
Stewardship
Governance

  • TB requirement
  • Professional requirement
  • Effectiveness of IA activity
  • Validation of compliance to policies and standards

8. Follow-up on past recommendations

Effective management action plans are implemented. Communicate any significant residual risk

Moderate

Score 7

Links to Corporate Risks
# 1 - 6

Links to MAF Element:
Risk Management
Stewardship
Accountability

  • Significance
  • Required by Policy
  • Residual risk associated with outstanding management action plans