Item - 2015.AU2.7

Tracking Status

  • City Council adopted this item on June 10, 2015 without amendments and without debate.
  • This item was considered by the Audit Committee on May 22, 2015 and adopted without amendment. It will be considered by City Council on June 10, 2015.

AU2.7 - Auditor Generalís Office External Peer Review - 2015

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on June 10, 11 and 12, 2015, adopted the following:

 

1.  City Council receive the report (May 1, 2015) from the Auditor General, for information.

Background Information (Committee)

(May 1, 2015) Report from the Auditor General - Auditor Generalís Office External Peer Review - 2015
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-79955.pdf

AU2.7 - Auditor Generalís Office External Peer Review - 2015

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Audit Committee recommends that:

 

1.  City Council receive the report (May 1, 2015) from the Auditor General, for information.

Origin

(May 1, 2015) Report from the Auditor General

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.”  

 

Furthermore, Toronto Municipal Code §3-18 requires that the "Auditor General shall undergo an external peer review once every three years to ensure compliance with government auditing standards" and furthermore, "the results of the external peer review shall be reported to Council through the Audit Committee."

 

The purpose of this report is to provide the Audit Committee with information regarding the Auditor General’s proposed external peer review.

Background Information

(May 1, 2015) Report from the Auditor General - Auditor Generalís Office External Peer Review - 2015
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-79955.pdf

Motions

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