The City of Toronto Audit Findings Report for the Year Ended December 31, 2021

Considered

• 2022-07-11 · Audit Committee · amended

  Decision as filed

  The Audit Committee recommends that: 1. City Council request the Auditor General to direct the City's external auditor to promptly report to the Audit Committee any identified control deficiencies determined to be of significant importance to merit the attention of management or those charged with governance. 2. City Council direct the City Manager to implement the 55 recommendations in the Management letter (December 15, 2021) from KPMG LLP (for the year 2020), in alignment with implementation timelines.

  Show the rest of Decision as filed, 428 more characters as filed

  3. City Council request the Chief Financial Officer and Treasurer to track the progress, in consultation with the responsible divisional leaders, on addressing the 55 recommendations in the Management letter (December 15, 2021) from KPMG LLP (for the year 2020), and any subsequent recommendations, and to report at least twice annually through the Variance Report to City Council, until such time as implementation is complete.

  Clerk’s note

  Kevin Travers, Lead Audit Engagement Partner, KPMG LLP and Maria Khoushnood, Project Management Partner, KPMG LLP gave a presentation on The City of Toronto Audit Findings Report for the Year Ended December 31, 2021. The Controller, Finance and Treasury Services gave a presentation on KPMG Audit Recommendations.

• 2022-07-19 · Toronto City Council · adopted