D.16 Reports to the Audit Committee

1. PRIA will prepare annual and quarterly reports that will be distributed to the Audit Committee, the Auditor General, and the Chief Financial Officer, and presented in the Audit Committee meetings. The reports will include the following items:

Annual

• Annual multi-year  plan (for recommended approval)

• PRIA annual compliance reports for the Annual Audit and Direct Engagement Practices

• Updated  PRIA Charter (for recommended approval)

• Updated Audit Committee Charter  (for recommended approval)

• Quality Assurance and Improvement  Plan planned activities

Quarterley internal audit results

• Summary of audits completed

• Key issues raised and related action plans

• Status of outstanding management action plans

• Any unacceptable risks accepted by management

• Unplanned audits completed, including management requests

• Significant matters from audits in progress

• Risk assessment quarterly refresh

• Changes to annual plan (for approval)

Quarterley internal audit performance

• Progress against annual plan (as revised)

• Results of quality assurance and improvement plan and actions taken

2. The Chief Audit Executive will periodically review with the Audit Committee chair and Auditor General the nature and extent of reports to determine whether internal audit reporting continues to meet the organization’s needs.

Last modified:

2018-03-02