Item - 2015.AU1.20

Tracking Status

  • City Council adopted this item on March 31, 2015 without amendments and without debate.
  • This item was considered by the Audit Committee on February 27, 2015 and adopted without amendment. It will be considered by City Council on March 31, 2015.

AU1.20 - Award of Request for Proposal No. 9171-14-7121 to PricewaterhouseCoopers LLP for External Audit Services for the City and Certain of its Agencies and Corporations

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

City Council Decision

City Council on March 31, April 1 and 2, 2015, adopted the following:

 

1.  City Council authorize the Auditor General to negotiate and enter into an agreement in the amount of $3,816,000 net of HST recoveries with PricewaterhouseCoopers LLP being the highest ranked proponent meeting the requirements of the RFP to perform the annual financial statement audits for the years 2015 to 2019 inclusive for the City of Toronto and certain of its agencies and corporations, as well as other attest audits of financial information as described in the RFP, on the terms and conditions set out in RFP 9171-14-7121 and in a form satisfactory to the City Solicitor.

 

2.  City Council authorize the public release of the confidential information in Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management, upon Council’s approval of this contract award to PricewaterhouseCoopers LLP and PricewaterhouseCoopers LLP signing the contract.

 

Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management remains confidential in its entirety at this time in accordance with the provisions of the City of Toronto Act, 2006, as it relates to security of property belonging to the City or one of its agencies and corporations.  Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management will be made public once PricewaterhouseCoopers LLP has signed the contract.

Confidential Attachment - The security of property belonging to the City or one of its agencies and corporations

Background Information (Committee)

(February 10, 2015) Report from the Auditor General and the Director, Purchasing and Materials Management - Award of Request for Proposal No. 9171-14-7121 to PricewaterhouseCoopers LLP for External Audit Services for the City and Certain of its Agencies and Corporations
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-76317.pdf
Attachment 2 - Confidential Information: Breakdown of Contract Value by Audit as Included in Request for Proposal No. 9171-14-7121

Background Information (City Council)

Confidential Attachment 2 - made public on April 13, 2016
https://www.toronto.ca/legdocs/mmis/2015/cc/bgrd/backgroundfile-92065.pdf

AU1.20 - Award of Request for Proposal No. 9171-14-7121 to PricewaterhouseCoopers LLP for External Audit Services for the City and Certain of its Agencies and Corporations

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Confidential Attachment - The security of property belonging to the City or one of its agencies and corporations

Committee Recommendations

The Audit Committee recommends that:

 

1.  City Council grant authority to the Auditor General to negotiate and enter into an agreement in the amount of $3,816,000 net of HST recoveries with PricewaterhouseCoopers LLP being the highest ranked proponent meeting the requirements of the RFP to perform the annual financial statement audits for the years 2015 to 2019 inclusive for the City of Toronto and certain of its agencies and corporations, as well as other attest audits of financial information as described in the RFP, on the terms and conditions set out in RFP 9171-14-7121 and in a form satisfactory to the City Solicitor.

 

2.  City Council authorize the public release of the confidential information in Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management, upon Council’s approval of this contract award to PricewaterhouseCoopers LLP and PricewaterhouseCoopers LLP signing the contract.

Origin

(February 10, 2015) Report from the Auditor General and the Director, Purchasing and Materials Management

Summary

The purpose of this report is to advise on the results of Request for Proposal (RFP) No. 9171-14-7121 for an auditor licensed under the Public Accounting Act, 2004 to perform the annual financial statement audits for the years 2015 to 2019 inclusive for the City of Toronto and certain of its agencies and corporations, as well as other attest audits of financial information and to request authority to enter into an agreement with the recommended proponent. 

Background Information

(February 10, 2015) Report from the Auditor General and the Director, Purchasing and Materials Management - Award of Request for Proposal No. 9171-14-7121 to PricewaterhouseCoopers LLP for External Audit Services for the City and Certain of its Agencies and Corporations
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-76317.pdf
Attachment 2 - Confidential Information: Breakdown of Contract Value by Audit as Included in Request for Proposal No. 9171-14-7121

Motions

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