Item - 2023.AU3.12
Tracking Status
- City Council adopted this item on December 13, 14 and 15, 2023 without amendments and without debate.
- This item was considered by the Audit Committee on December 1, 2023 and adopted without amendment. It will be considered by City Council on December 13, 14 and 15, 2023.
AU3.12 - Request for Retroactive Authorization to Appoint Kwok & Associate for External Audit Services for North Toronto Memorial Arena
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on December 13, 14, and 15, 2023, adopted the following:
1. City Council authorize retroactively the Auditor General to appoint Kwok and Associates to perform the financial statement audits for North Toronto Memorial Arena for the years ending December 31, 2021 and December 31, 2022, through a non-competitive procurement process.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2023/au/bgrd/backgroundfile-240901.pdf
AU3.12 - Request for Retroactive Authorization to Appoint Kwok & Associate for External Audit Services for North Toronto Memorial Arena
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommend that:
1. City Council grant authority retroactively to the Auditor General to appoint Kwok & Associate to perform the financial statement audits for North Toronto Memorial Arena for the years ending December 31, 2021 and December 31, 2022, through a non-competitive procurement process.
Origin
Summary
The purpose of this report is to provide the Audit Committee and City Council with a status update regarding the financial statement audits of North Toronto Memorial Arena for the years 2021 and 2022. Considering the challenges faced by North Toronto Memorial Arena and Welch LLP in achieving effective cooperation, this report requests retroactive authorization of the appointment of Kwok & Associate through a non-competitive procurement process, completed by the Board of the North Toronto Memorial Arena, for the purpose of conducting financial statement audits for those two years. Starting with the 2023 year-end, North Toronto Memorial Arena will use Grant Thornton LLP, the external auditors authorized by City Council, for the external audit services of Arenas.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/au/bgrd/backgroundfile-240901.pdf