Item - 2012.AU7.2
Tracking Status
- City Council adopted this item on July 11, 2012 without amendments and without debate.
- This item was considered by the Audit Committee on July 3, 2012 and adopted without amendment. It will be considered by City Council on July 11, 2012.
AU7.2 - Auditor General’s Office External Peer Review - 2012
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on July 11, 12 and 13, 2012, adopted the following:
1. City Council receive for information, the report (June 12, 2012) from the Auditor General.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-48541.pdf
AU7.2 - Auditor General’s Office External Peer Review - 2012
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council receive for information, the report (June 12, 2012) from the Auditor General.
Origin
Summary
Government Auditing Standards state that “Audit organizations performing audits and attestation engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS) must have an external peer review performed by reviewers independent of the audit organization being reviewed at least once every 3 years.” The purpose of this report is to provide the Audit Committee with information regarding the Auditor General’s proposed external peer review.
Background Information
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-48541.pdf