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Audit Committee · 2024-12-09 · 2024.AU7.6

The filed record

Status Update on Enterprise Risk Management

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The decision

2024-12-09 · Audit Committee · adopted

As filed

The Audit Committee: 1. Received the report (November 25, 2024) from the Director, Internal Audit for information.

On the agenda

As the city filed it

This report provides an update on the implementation and development of the City-wide Enterprise Risk Management program, including the completion of an Enterprise Risk Management Framework that will contribute to enhancing the risk culture at the City of Toronto. The report also outlines the next phase of the Enterprise Risk Management implementation involving the communication and education / training of the Enterprise Risk Management framework across the City.

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Future phases will include the formal integration of risk management into the organization's strategic planning, decision making and reporting processes.

Staff recommended

The Director, Internal Audit recommends that: 1. Audit Committee receive this report for information.

    On the record

    The item as the City filed it

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