Item - 2022.RZ15.1
Tracking Status
- This item was considered by TO Live - Audit Committee on April 20, 2022 and was adopted without amendment.
RZ15.1 - 2021 Audited Financial Results
- Decision Type:
- ACTION
- Status:
- Adopted
Confidential Attachment - Financial information supplied in confidence to the Board of Directors to TO Live, which if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons or organization.
Committee Decision
The TO Live - Audit Committee recommends that the Board of Directors of TO Live:
1. Approve the 2021 Audited Financial Results, as noted in Attachment 1 and Confidential Attachment 1 to the report (April 5, 2022) from the President and Chief Executive Officer, TO Live.
2. Authorize the public release of Confidential Attachment 1 to the report (April 5, 2022) from the President and Chief Executive Officer, TO Live, once adopted by the Board and finalized and signed by KPMG LLP.
Decision Advice and Other Information
Kevin Travers, Partner, KPMG LLP, and Elliot Cheng, Senior Manager, KPMG LLP gave a presentation on TO Live Audit Findings Report for the year ended December 31, 2021.
The TO Live - Audit Committee recessed its public meeting to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors to TO Live, which if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons or organization.
Origin
Summary
The purpose of this report is to present the Board with the 2021 audited financial results for The Board of Directors of TO Live
Background Information
https://www.toronto.ca/legdocs/mmis/2022/rz/bgrd/backgroundfile-223983.pdf
Attachment 1 - TO Live - 2021 KPMG LLP Audit Findings Report
https://www.toronto.ca/legdocs/mmis/2022/rz/bgrd/backgroundfile-223985.pdf
Confidential Attachment 1 - TO Live 2021 KPMG LLP Audited Financial Statements
Motions
2:42 p.m. - That the TO Live - Audit Committee recess its public meeting to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors to TOLive, which if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons or organization.