Audit facts
How many employees are in the Internal Audit department?
18!
Does Audit intentionally look for findings?
No, we are delighted to find that an operation is running well and doesn't have findings.
Where is the Ethics line located?
4site
Who makes up the first line of defense?
Business Line Management
How did the auditor propose to his girlfriend?
With an Engagement Letter
How many local audits were performed in 2022?
10 local audits (includes 5 program/project audits, 4 of which are continuing in 2023)
Is Audit responsible for evaluating the performance of an operation?
No, performance measurement is a function of management.
Who is our ethics line vendor?
Security Voice
Who makes up the second line of defense?
Why did the auditor cross the road?
Because they looked in the file and it's what they did last year.
How many System audits did Internal Audit participate in during 2022?
11 system audits (we led one!)
What information are the auditors entitled to look at?
All Bank information is subject to examination!
What are the three ways to contact the ethics line?
1. Phone call
2. Voice Capture (Voicemail)
3. Internet Submission
Who makes up the third line of defense?
Internal Audit!
What do you call an auditor who can't audit?
An "or".
What external partner can update you on what's going on in the audit world?
Gartner
We focus on assessing risk and evaluating the established controls, which allows Bank management to help minimize risk and achieve Bank goals and objectives.
When is the ethics line available?
24/7 365
Who does the third line of defense report to?
Senior Management and Audit Committee/Board
Auditor M completed an audit which included providing sufficient evidence that the body of water being used by auditee E to catch his daily meals actually existed. Why was M given a bonus?
M proved E fishing sea
What program does Audit use to maximize efficiency?
Asana
Are auditors involved in the management of Bank operations?
Absolutely not, we are careful to avoid any impression that we are in the management chain. The department assists management by providing an independent perspective and making recommendations for improvement.
Can your ethics line submission be anonymous?
Yes!
Who does the first line of defense report to?
Senior Management
What do you get when an auditor asks a rhetorical question?
*Nothing*