Item - 2023.AU1.11

Tracking Status

This item was considered by the Audit Committee on February 13, 2023. The Committee received the item for information only. No further action will be taken on this item.

AU1.11 - KPMG Audit Planning Report for the Year Ended December 31, 2022

Decision Type:: ACTION

Status:: Received

Wards:: All

Committee Decision

The Audit Committee:

1. Received the City of Toronto Audit Planning Report for the Year Ended December 31, 2022 (January 27, 2023) from KPMG LLP for information.

Decision Advice and Other Information

Kevin Travers, Lead Audit Engagement Partner, KPMG LLP and Maria Khoushnood, Audit Engagement Partner, KPMG LLP gave a presentation on The City of Toronto Audit Findings Report for the Year Ended December 31, 2022.

Summary

At its meeting of June 29, 2020, in item 2020.AU5.7, City Council appointed KPMG LLP as the auditor licensed under the Public Accounting Act, 2004 responsible for annually auditing the accounts and transactions of the City and certain of its local boards and expressing an opinion on the financial statements of these bodies based on the audit.

KPMG LLP presents the City of Toronto Audit Planning Report for the Year Ended December 31, 2022 for the 2022 audit of the consolidated financial statements for the City of Toronto.

Background Information

(January 27, 2023) City of Toronto Audit Planning Report for the Year Ending December 31, 2022, prepared by KPMG LLP
https://www.toronto.ca/legdocs/mmis/2023/au/bgrd/backgroundfile-234187.pdf

Motions

Motion to Receive Item moved by Councillor Jamaal Myers (Carried)

That the item be received for information.