This page has been archived.
Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.
OSFI's internal Audit and Consulting Services Group conducts regular internal audits as per its audit plan and posts the results of these audits on OSFI's web site under About OSFI / Reports / Internal Audit Reports. Management's response to any identified issues is contained in each report.
Upcoming Internal Audits (2007-2008*)
Name of Internal Audit |
Audit Type |
Status |
Expected Completion Date |
Link to Report |
Actuarial Division - Life Supervisory Support |
Regulatory Process |
In progress |
Q4 2007/08 |
Will be published on OSFI Web site |
IT Infrastructure |
Support Services |
In progress |
Q1 2008/09 |
Will be published on OSFI Web site |
Legislative and Regulatory Approvals Process |
Regulatory Process |
In progress |
Q4 2007/08 |
Will be published on OSFI Web site |
HR Planning |
Support Services |
Planned |
Q1 2008/09 |
Will be published on OSFI Web site |
Financial Conglomerates Group - Knowledge of Business Follow-up |
Regulatory Process |
In progress |
Q3 2007/08 |
Will be published on OSFI Web site |
Financial Conglomerates - Life |
Regulatory Process |
Planned |
Q1 2008/09 |
Will be published on OSFI Web site |
* OSFI's audit schedule is approved one year at a time, and the audits listed above were approved as part of the 2007-2008 audit schedule. The 2008-2009 Internal Audit Plan is to be approved by the Audit Committee in Q4 2007-2008 and will be published on OSFI's Web site once approved. It will contain a schedule of audits to be undertaken in 2008-2009.
Completed Internal Audits (completed in I or II or III Quarter 2007-2008)
Name of Internal Audit |
Audit Type |
Status |
Completion Date |
Link to Report |
Financial Institutions Group - Deposit-Taking Institutions Review |
Regulatory Process |
Completed |
June 2007 |
Published on OSFI Web site |
OSFI Staffing Process |
Regulatory Process |
Completed |
October 2007 |
Published on OSFI Web site |
Supervision Support Group - Credit Risk Division Review |
Regulatory Process |
Completed |
December 2007 |
Will be published on OSFI Web site |
OSFI Planning Review |
Regulatory Process |
Completed |
December 2007 |
Will be published on OSFI Web site |