Item - 2013.AU13.18
Tracking Status
- City Council adopted this item on November 13,14,15 and 18, 2013 without amendments and without debate.
- This item was considered by the Audit Committee on October 31, 2013 and adopted without amendment. It will be considered by City Council on November 13,14,15 and 18, 2013.
AU13.18 - William Bolton Arena - Update on Management Letter Response
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on November 13, 14, 15 and 18, 2013, adopted the following:
1. City Council receive the management letter response from William H. Bolton Arena (July 6, 2013) attached as Appendix 1 to the report (July 19, 2013) from the Auditor General.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62646.pdf
Appendix 1 - Management Letter Response from William H. Bolton Arena - July 6, 2013
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62647.pdf
Appendix 2 - Management Letter for Williams H. Bolton Arena
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62649.pdf
AU13.18 - William Bolton Arena - Update on Management Letter Response
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council receive the management letter response from William H. Bolton Arena (July 6, 2013) attached as Appendix 1 to the report (July 19, 2013) from the Auditor General.
Origin
Summary
The purpose of this report is to provide the Audit Committee and City Council with an update on management’s response to the internal control deficiencies noted during the audit of the 2012 financial statements of William H. Bolton Arena.
Audited 2012 financial statements of William H. Bolton Arena and the external auditor’s management letter were presented at the July 4, 2013 meeting of Audit Committee. A response from management had not yet been received at that time.
The management letter included two recommendations related to internal control deficiencies identified during the course of the audit. Subsequent to the Audit Committee meeting, management provided their response to the external auditors. Management accepted all of the external auditor's internal control recommendations.
Background Information
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62646.pdf
Appendix 1 - Management Letter Response from William H. Bolton Arena - July 6, 2013
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62647.pdf
Appendix 2 - Management Letter for Williams H. Bolton Arena
https://www.toronto.ca/legdocs/mmis/2013/au/bgrd/backgroundfile-62649.pdf