Item - 2012.AU9.5

Tracking Status

  • City Council adopted this item on November 27, 2012 without amendments and without debate.
  • This item was considered by the Audit Committee on October 25, 2012 and adopted without amendment. It will be considered by City Council on November 27, 2012.

AU9.5 - Auditor Generalís External Quality Assurance Review

Decision Type:
ACTION
Status:
Adopted on Consent
Wards:
All

City Council Decision

City Council on November 27, 28 and 29, 2012, adopted the following:

 

1.         City Council receive the report (September 21, 2012) from the Auditor General, for information.

Background Information (Committee)

(September 21, 2012) Report from the Auditor General regarding an External Quality Assurance Review
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50902.pdf
Appendix 1 - Opinion Letter from the Association of Local Government Auditors (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50903.pdf
Appendix 2 - Management Letter from the Association of Local Government Auditors (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50904.pdf
Appendix 3 - Auditor Generalís Response to the Management Letter (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50905.pdf

AU9.5 - Auditor Generalís External Quality Assurance Review

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Audit Committee recommends that:

 

1.         City Council receive the report (September 21, 2012) from the Auditor General, for information.

Origin

(September 21, 2012) Report from the Auditor General

Summary

Government auditing standards require that audit organizations performing audits in accordance with Generally Accepted Government Auditing Standards (GAGAS) undergo an external quality assurance review every three years.  This report provides the results of the Auditor General’s External Quality Assurance Review.  This is the third such review for the Auditor General’s Office.

 

The Auditor General received an “unqualified opinion” for this review.  An “unqualified opinion” is the highest rating possible and indicates that audit work is conducted in accordance with Generally Accepted Government Auditing Standards.  The process also provides the opportunity for reviewers to offer observations related to audit organization practices that are particularly noteworthy as well as suggestions related to professional industry best practices.

Background Information

(September 21, 2012) Report from the Auditor General regarding an External Quality Assurance Review
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50902.pdf
Appendix 1 - Opinion Letter from the Association of Local Government Auditors (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50903.pdf
Appendix 2 - Management Letter from the Association of Local Government Auditors (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50904.pdf
Appendix 3 - Auditor Generalís Response to the Management Letter (August 24, 2012)
https://www.toronto.ca/legdocs/mmis/2012/au/bgrd/backgroundfile-50905.pdf

Motions

1 - Motion to Adopt Item moved by Councillor Doug Holyday (Carried)
Source: Toronto City Clerk at www.toronto.ca/council