Audit of Internal Control over Financial Management (ICFM)

Description

Global Affairs Canada uses the audit process as an important way to ensure the efficient use of public funds. The Office of the Chief Audit Executive leads this work by reviewing and assessing management practices and controls. Once the audit engagement is complete, the audit team recommends areas of improvement throughout the department. Global Affairs Canada regularly performs internal audits of its foreign affairs, international development and trade programs. The department then follows a diligent process to respond to all audit findings. This includes following up on detailed management action plans to specifically address any gaps or issues identified by the audits. These action plans ensure that recommendations are implemented and that risks are mitigated. Ultimately, they provide guidance on appropriate oversight and effective use of public funds so that Global Affairs Canada’s programs and activities in Canada and in missions around the world are delivered diligently. In addition, the Office of the Chief Audit Executive provides regular guidance and follow-up to the department throughout the year to ensure progress is being made on the action plans.

Resources

Name Format Description Link
Audit of Internal Controls over Financial Reporting - 2017-04-10 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20240413191508/https://www.international.gc.ca/gac-amc/publications/audits-verification/2017/icfr-cirf.aspx?lang=eng
Audit of Internal Controls over Financial Reporting - 2017-04-10 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20240413191508/https://www.international.gc.ca/gac-amc/publications/audits-verification/2017/icfr-cirf.aspx?lang=fra
Audit of Internal Control over Financial Management (ICFM) - 2022-06-01 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250611141843/https:/www.international.gc.ca/transparency-transparence/audit-evaluation-verification/2022/2022-06-icfm.aspx?lang=eng
Internal Audit of Financial Management - 2011-03-25 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250611143823/https://www.international.gc.ca/gac-amc/publications/audits-verification/2011/dev-fm-gf.aspx?lang=eng
Internal Audit of Financial Management - 2011-03-25 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250611143823/https://www.international.gc.ca/gac-amc/publications/audits-verification/2011/dev-fm-gf.aspx?lang=fra
Audit Procedures Related to the 2010-2011 Departmental Financial Statements - 2011-10-01 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250611143843/https://www.international.gc.ca/gac-amc/publications/audits-verification/2011/ap_pv11.aspx?lang=eng
Audit Procedures Related to the 2010-2011 Departmental Financial Statements - 2011-10-01 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250611143843/https://www.international.gc.ca/gac-amc/publications/audits-verification/2011/ap_pv11.aspx?lang=fra
Audit of Internal Control over Financial Management (ICFM) - 2022-06-01 HTML https://webarchiveweb.wayback.bac-lac.canada.ca/web/20250613005431/https://www.international.gc.ca/transparency-transparence/audit-evaluation-verification/2022/2022-06-icfm.aspx?lang=fra

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