Innovation, Science and Economic Development Canada ( ISED ) works with Canadians in all areas of the economy and in all parts of the country to improve conditions for investment, enhance Canada's innovation performance, increase Canada's share of global trade and build a fair, efficient and competitive marketplace.
As prescribed by the Treasury Board (TB) Policy on Internal Audit, the Deputy Head is to be supported by an internal audit function that contributes directly and proactively to improving risk management, control and governance, and to receive assurance and advice from their departmental audit committee and internal audit function to inform decision making in their departments.
To deliver on its annual Risk-Based Internal Audit Plan, ISED is required to determine how internal audit resources are directed to areas of highest risk, significance and priority in order to effectively contribute to the improvement of ISED’s governance, risk management and internal controls. To achieve this, external professional services are often required to assure the professional competency of the resources on a given engagement, such as financial and accounting expertise, or to provide services.
