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Table 8: Internal Audits

Infrastructure Canada’s three-year plan for internal audit is summarized in the table below, based on the three-year Internal Audit Plan for 2007-08 to 2009-10 approved by the departmental audit committee on June 15, 2007.

An assurance audit of the management control framework of two strategic infrastructure contribution programs – CSIF and BIF - was recently completed. The audit concluded that the CSIF and BIF contribution programs adhere to applicable legislation, policies and procedures; there are, however, weaknesses with respect to the monitoring, information for decision making, recruitment and retention of personnel and risk management that are impacting the management control framework of these programs. A management action plan addressing the recommendations formulated has been developed and approved by the departmental audit committee.

Audits expected to be initiated in 2008-09 include assurance audits of: the GTF and PTF management control frameworks; IT security; controls in place over HR data; and contracting and procurement.

A new Treasury Board audit policy with a three year phased implementation came into effect on April 1, 2006. Based on this new policy and expected guidance from the Office of the Comptroller General, Infrastructure Canada will be further reviewing its roles, responsibilities, planned activities, and resource requirements for audit.

Key Upcoming Internal Audits

Name of Internal Audit	Audit Type	Status as of January 11, 2008	Expected Completion Date
Assurance audit of the contribution management control framework put in place for CSIF	Transfer Payment	Completed	Completed Approved by DAC on December 13, 2007
Assurance audit of contribution management control framework put in place for BIF	Transfer Payment	Completed in December 2007	To be approved by audit committee
Assurance audit of Human Resource management control framework for staffing and classification	HR	Audit launched in December 2007	March 2008
Assurance Audit of the Core Management Controls with regard to “Financial Transaction Coding” and “Monitoring of Operating Budget”	Finance	Planning phase completed Execution phase in progress	March 2008
Assurance audit of contribution management control framework put in place for MRIF	Transfer Payment	Planned January 2008	June 2008
Assurance audit of contribution management control framework put in place for ICP	Transfer Payment	Planned January 2008	June 2008
Assurance audit of the GTF Management Control Framework	Transfer Payment	Planned July 2008	March 2009
Assurance audit of the PTF Management Control Framework	Transfer Payment	Planned July 2008	March 2009
Assurance audit of the Contribution Management Control Framework of the Research, Knowledge and Outreach (RKO) Program	Transfer Payment	Planned April 2008	September 2008
Assurance Audit of IT Security	Information Technology	Planned August 2008	January 2009
Assurance Audit of the controls in place over HR data	HR	Planned September 2008	January 2009
Assurance audit of contracting and procurement	Contracting and Procurement	Planned April 2008	July 2008
Assurance audit of selected components of the INFC Financial Management and Accountability Framework	Finance	Planned April 2008	September 2008
Assurance Audit of the INFC governance and organizational structure	Governance	Planned September 2009	March 2010
Assurance Audit of INFC’s strategic and operational planning process and practices	Management	September 2009	February 2010
Assurance audit of the Infrastructure Policy Framework and strategic policy capacity	Policy	Planned November 2009	March 2010
Assurance audit of the Information Management (IM) function	Information Management	Planned August 2009	January 2010

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