The filed record
Audit, Risk, and Compliance - Audit Plan Status Update
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The decision
2026-03-11 · Toronto Transit Commission - Audit, Finance and Risk Management Committee · adopted
As filed
The Audit & Risk Management Committee: 1. Approved the inclusion of the proposed Overtime Review to the 2026 Audit Plan. 2. Received the Confidential Attachment and authorized that the information remain confidential as it relates to the security of the property of the municipality or local board.
On the agenda
As the city filed it
Proposed Addition to the 2026 Audit Plan We propose conducting a targeted audit of areas exhibiting significant growth in overtime expenditures, with particular attention to functions showing high variances or unbudgeted overtime. This review aims to reinforce governance and support more effective oversight and optimization of overtime practices. Audit Plan Status Update The Audit, Risk, and Compliance Department (ARC) 2025 Audit Plan was presented to and approved by the Audit & Risk Management Committee (ARMC) on March 24, 2025.
Show the rest of As the city filed it, 1,075 more characters as filed
The ARC 2026 Audit Plan was also presented and approved on December 1, 2025. As of this update, final reports have been issued for the two remaining 2025 projects. For the 2026 Audit Plan, fieldwork is currently underway for one project, and planning activities are in progress for three others. This report provides an update on ARC's progress against the 2025 and 2026 Audit Plans and includes details on the two final reports issued since ARC's last update. ARC Follow-Up Activities Status Update ARC continues to support Management in validating the completion of Management Action Plans addressing recommendations issued by the City of Toronto Auditor General (AG) and third-party consultants involved in the work car hydraulic leak investigation. ARC also independently validates the completion of Action Plans arising from ARC's Internal Audit Findings. In addition, ARC provides advisory support to Management, including the Revenue Protection Team, across several initiatives aimed at improving fare compliance and operational performance throughout 2025 and beyond.
Staff recommended
It is recommended that the Audit & Risk Management Committee: 1. Approve the inclusion of the proposed Overtime Review to the 2026 Audit Plan. 2. Receive the Confidential Attachment and authorize that the information remain confidential as it relates to the security of the property of the municipality or local board.