1. Corporate Audit and Evaluation Branch
CAE – Building Effective Relationship with the CFO and the Audit Committee
Corporate Audit and Evaluation Branch
FMI PD Week – November 27, 2008

2. OUR ROLE Corporate Audit and Evaluation Branch (CAEB)
Three lines of business:
Internal Audit
Program Evaluation
Liaison with OAG
Together, we support the achievement of the Agency’s strategic goals by providing independent, evidence-based and objective information, advice and assurance
CAEB activities examine the soundness of the Agency's management framework as well as the effectiveness, efficiency and economy of its strategies, programs and practices.

3. Interaction with CFO
Independant reporting relationship – both CAE and CFO report directly to the CEO
Internal audit teams organized in portfolio approach
Very good working relationship – built on trust and professionalism

4. Interaction with Audit Committee
Board of Management accountable for overseeing the management of CRA
CAE accountable to both the Commissioner (CEO) and the Audit Committee
Audit Committee approves Audit and Evaluation’s Business Plan and reviews internal audit and program evaluation reports
Attends Audit Committee meetings, similar to CFO, holds quarterly in-camera (private) sessions
Audit Committee provides input into the CAE’s performance assessment
Open relationship, built on trust and professionalism

5. Issues / Challenges Public reporting of audit and evaluation reports
Audit fatigue – internal audits, program evaluations, many « external » auditors
Coverage of large complex decentralized entity such as CRA