Audit of Acquisition Cards

Audit

The Canadian Food Inspection Agency's (CFIA) internal audit function provides a professional, independent and objective appraisal that uses a disciplined, evidence-based approach to assess and improve the effectiveness of risk management, control and governance processes. The intent is to assist decision makers in exercising oversight and control over the organization and applying sound risk management.

The internal audit function is accountable to the CFIA's Audit Committee, of which the President is a member. All internal audit findings and recommendations must be reported to the Audit Committee, and all audits must be carried out in accordance with federal policy and legislative requirements, including the Treasury Board's Policy on Internal Audit and the Federal Accountability Act.

CFIA internal audit projects are selected based on an annual multi-year audit planning process and are then reflected in the Agency's Audit Plan for review by the Audit Committee and approval of the President.

Overview

Government acquisition cards provide a cost-effective, secure and convenient method of procuring and paying for goods and services while ensuring effective financial control.

At the Canadian Food Inspection Agency, there are over 500 active acquisition cards with 29,000 transactions and annual expenditures of $13 million.

The objective of the audit was to provide assurance on the adequacy and effectiveness of controls to support the management of the acquisition card program, including compliance with applicable legislation, policies, standards and directives.

Key Findings

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