The Public GalleryToronto

Audit Committee · 2023-02-13 · 2023.AU1.6

The filed record

Results of 2021 External Quality Control Review

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The decision

2023-03-29 · Toronto City Council · adopted

As filed

City Council on March 29, 30 and 31, 2023, adopted the following: 1. City Council receive the report (November 25, 2022) from the Auditor General for information.

On the agenda

As the city filed it

This report provides the results of the External Quality Control Review performed by the Association of Local Government Auditors for the period January 1, 2018 through December 31, 2020. The Auditor General's Office has received the highest rating, an unqualified "pass" opinion, on its peer review - the sixth time the Office has received this rating. The peer review team found that the "City of Toronto Auditor General's

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control system was adequately designed and operating effectively to provide reasonable assurance of compliance with Government Auditing Standards and applicable legal and regulatory requirements for audits during the period from January 1, 2018, through December 31, 2020." It is also worth noting that the Auditor General's Office did not receive a management letter with suggestions for improvement from the peer review team during this review. Compliance with Government Auditing Standards is an important component of audit quality and is critical in maintaining credibility with City Council, management and taxpayers.

Staff recommended

The Auditor General recommends that: 1. City Council receive this report for information.

Considered

  • 2023-02-13 · Audit Committee · adopted

    Decision as filed

    The Audit Committee recommends that: 1. City Council receive the report (November 25, 2022) from the Auditor General for information.

  • 2023-03-29 · Toronto City Council · adopted

On the record

The item as the City filed it

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