Bank of Canada

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Departments at the Bank



Audit is responsible for evaluating the effectiveness of the Bank's risk management, control, and governance activities, and for promoting their continuous improvement.


The Audit Department is committed to providing the Bank with leading-edge, professional, internal audit services. The Department is organized into multi-disciplinary teams that provide a full range of integrated internal audit services (e.g., financial, information technology and operational auditing, together with control self-assessments and facilitation services). These internal audit services are performed each year across all of the major functional elements of the Bank (i.e., Monetary Policy, Currency, Financial System, Funds Management, Retail Debt Services, and Corporate Administration).