City of Toronto Audit Planning Report for the Year Ending December 31, 2020

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The decision

2021-02-16 · Audit Committee · adopted

As filed

The Audit Committee: 1. Received the City of Toronto Audit Planning Report for the Year Ending December 31, 2020 (November 13, 2020) from Kevin Travers, Lead Audit Engagement Partner, City of Toronto and Related Entities, KPMG LLP and Paul Simonetta, Executive Relationship Partner, KPMG LLP for information.

On the agenda

As the city filed it

KPMG LLP presenting the City of Toronto Audit Planning Report for the Year Ending December 31, 2020 for the 2020 audit of the consolidated financial statements for the City of Toronto, prepared in accordance with Canadian Public Sector Accounting Standards. The City of Toronto Audit Planning Report for the Year Ending December 31, 2020 includes KPMG LLP's views on COVID-19, group reporting, audit and business risks, audit materiality, quality control, initial audit engagement, and current developments and audit trends.

Staff recommended

That: 1. The Audit Committee receive the City of Toronto Audit Planning Report for the Year Ending December 31, 2020 (November 13, 2020) from Kevin Travers, Lead Audit Engagement Partner, City of Toronto and Related Entities, KPMG LLP, and Paul Simonetta, Executive Relationship Partner, KPMG LLP, for information.

On the record

The item as the City filed it