Minutes

Audit Committee

Immediately Following Regional Council
Electronic Meeting
Members:
  • W. Emmerson, 
  • G. Chan, 
  • M. Chan, 
  • N. Davison, 
  • V. Hackson, 
  • A. Ho, 
  • J. Li, 
  • S. Pellegrini, 
  • and M. G. Racco
Staff:
  • C. Atkari, 
  • A. Bianchi, 
  • L. Bigioni, 
  • P. Casey, 
  • C. Clark, 
  • D. Fanone, 
  • C. Goodeve, 
  • B. Ikram, 
  • W. Kemp, 
  • J. Li, 
  • S. Love, 
  • B. Macgregor, 
  • E. Mahoney, 
  • L. McDowell, 
  • L. Mirabella, 
  • M. Morris, 
  • L. Rabeau, 
  • B. Shifman, 
  • I. Soneji, 
  • and M. Swan
Other:

  • M. Khoushnood, KPMG

A.
Call to Order

 

The Audit Committee meeting was called to order at 11:46 a.m.

B.
Election of Chair

 

Mayor Hackson was acclaimed as Chair of the Audit Committee for 2023.

C.
Election of Vice Chair

 

Regional Councillor M. Chan was acclaimed as Vice Chair of the Audit Committee for 2023.

D.
Disclosures of Interest

 

Regional Councillor Li declared a potential conflict of interest, as his son is employed at KPMG LLP, and left the meeting at 12:01 p.m.

E.
Presentations

 

E.1
Audit Committee Orientation

This item has attachments. 
1.Audit Committee Orientation.pdf

Audit Committee received the presentation by Michelle Morris, Director of Audit Services and Jason Li, Director of Controllership Office and Deputy Treasurer.

E.2
KPMG Audit Planning Report

This item has attachments. 
1.KPMG Audit Planning Report.pdf

Audit Committee received the presentation by Maria Khoushnood, KPMG LLP.

F.
Communications

 

None

G.
Reports

 

G.1
Audit Services Branch Report

This item has attachments. 
1.Audit Services Branch Report.pdf
2.Att 1 - Status of the 2022 Audit Services Risk Based Work Plan.pdf
3.Att 2 - Handling of Private Information Audit.pdf
4.Att 3 - PW-ENV Water Services Billing Audit.pdf
5.Att 4 - Development Charges Audit.pdf
6.Att 5 - Status of Management Action Plans.pdf

Audit Committee recommends adoption of the following recommendation in the report dated January 26, 2023 from the Director of Audit Services:

  1. Council receive this report for information.

G.2
2022 Quality Assessment Results

This item has attachments. 
1.2022 Quality Assessment Results.pdf
2.Att 1 - Audit Services Quality Assessment (Details).pdf

Audit Committee recommends adoption of the following recommendation in the report dated January 26, 2023 from the Director of Audit Services:

  1. Council receive this report for information.

G.3
2023 Risk Based Work Plan

This item has attachments. 
1.2023 Risk Based Work Plan.pdf
2.Att 1 - Audit Services 2023 Risk Based Work Plan (Details).pdf

Audit Committee recommends adoption of the following recommendation in the report dated January 26, 2023 from the Director of Audit Services:

  1. Regional Council approve the Audit Services Branch’s 2023 Risk-Based Work Plan (Attachment 1).

H.
Other Business

 

None

I.
Private Session

 

None

J.
Adjournment

 

The Audit Committee meeting adjourned at 12:25 p.m.

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