Minutes

Audit Committee

Thursday, January 20, 2022

10:30 A.m. - 12:00 P.m.

Electronic Meeting

Members:

• W. Emmerson,
• R. Grossi,
• V. Hackson,
• D. Hamilton,
• I. Lovatt,
• T. Mrakas,
• S. Pellegrini,
• G. Rosati,
• and T. Vegh

Staff:

• D. Basso,
• L. Bigioni,
• A-M. Carroll,
• P. Casey,
• P. Freeman,
• C. Goodeve,
• D. Kuzmyk,
• J. Li,
• B. Macgregor,
• J. Magill,
• C. Martin,
• L. McDowell,
• M. Morris,
• C. Raynor,
• K. Strueby,
• M. Swan,
• and M.F. Turner

Other:

• M. Khoushnood

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A.

Call to Order

The Audit Committee meeting was called to order at 10:32 a.m.

B.

Election of Chair

Regional Chair Emmerson nominated Regional Councillor Hamilton for the position of Chair of the Audit Committee for 2022. There being no further nominations, Regional Councillor Hamilton was acclaimed as Chair.

C.

Election of Vice Chair

Regional Chair Emmerson nominated Regional Councillor Grossi for the position of Vice Chair of the Audit Committee for 2022. There being no further nominations, Regional Councillor Grossi was acclaimed as Vice Chair.

D.

Disclosures of Interest

None

E.

Presentations

E.1

KPMG Audit Planning Report

Audit Committee recommends receipt of the presentation by Maria Khoushnood, KPMG LLP.

(See Item F.1)

F.

Communications

F.1

KPMG Audit Planning Report

Audit Committee recommends receipt of the communication from Maria Khoushnood, KPMG LLP dated November 15, 2021.

G.

Reports

G.1

Audit Services Branch Report

Audit Committee recommends adoption of the following recommendation in the report dated January 11, 2022 from the Director of Audit Services recommending that:

1. Council receive this report for information.

G.2

2022 Risk Based Work Plan

Audit Committee recommends adoption of the following recommendation in the report dated January 11, 2022 from the Director of Audit Services recommending that:

1. Regional Council approve the Audit Services Branch’s 2022 Risk-Based Work Plan (Attachment 1).

G.3

Audit Committee Charter Review

Audit Committee recommends adoption of the following recommendation in the report dated January 11, 2022 from the Director of Audit Services recommending that:

1. Regional Council approve the revised Audit Committee Charter, Attachment 1.

H.

Other Business

None

I.

Private Session

None

J.

Adjournment

The Audit Committee meeting adjourned at 11:25 a.m.