Through its internal audit and evaluation services and the support it provides to the Departmental Audit Committee and the Performance Measurement and Evaluation Committee, the Audit and Evaluation Branch at Innovation, Science and Economic Development Canada reinforces good stewardship practices and sound decision making by providing assurance to the Deputy Minister, Associate Deputy Minister, and to departmental management.
Internal audit is a professional, independent and objective appraisal function that uses a disciplined, evidence-based approach to assess and improve the effectiveness of risk management, control and governance processes. The Internal Audit Directorate of Innovation, Science and Economic Development Canada operates under the Treasury Board Policy on Internal Audit and the Internal Auditing Standards for the Government of Canada, which are based on the Institute of Internal Auditors (IIA) International Professional Practices Framework.
Evaluation assesses relevance and performance of programs to support policy and program improvement, decision making and public reporting. The Evaluation Directorate of Innovation, Science and Economic Development Canada operates under a number of statutes, policies and directives. These include the Financial Administration Act, the Treasury Board Policy on Results, and the Treasury Board Policy on Transfer Payments.