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)
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)
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
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
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