Item - 2024.AU4.7
Tracking Status
- City Council adopted this item on March 20 and 21, 2024 without amendments and without debate.
- This item was considered by the Audit Committee on February 23, 2024 and adopted without amendment. It will be considered by City Council on March 20 and 21, 2024.
AU4.7 - Request for Retroactive Authorization to Appoint Kwok & Associate for External Audit Services for Moss Park Arena, Ted Reeve Community Arena, and William H. Bolton Arena for 2022
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on March 20 and 21, 2024, adopted the following:
1. City Council grant authority retroactively to the Auditor General to appoint Kwok and Associate to perform the financial statement audits for Moss Park Arena, Ted Reeve Community Arena, and William H. Bolton Arena for the year ending December 31, 2022, through a non-competitive procurement process.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/au/bgrd/backgroundfile-243006.pdf
AU4.7 - Request for Retroactive Authorization to Appoint Kwok & Associate for External Audit Services for Moss Park Arena, Ted Reeve Community Arena, and William H. Bolton Arena for 2022
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council grant authority retroactively to the Auditor General to appoint Kwok & Associate to perform the financial statement audits for Moss Park Arena, Ted Reeve Community Arena, and William H. Bolton Arena for the year ending 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 Moss Park Arena, Ted Reeve Community Arena, and William H. Bolton Arena for the year ending December 31, 2022.
Due to the resignation by Welch LLP on December 6, 2023 to provide the 2022 audits of these three Arenas, this report requests retroactive authorization of the appointment of Kwok & Associate through a non-competitive procurement process. The agreement with Kwok & Associate was finalized by the Auditor General for the purpose of completing the outstanding 2022 financial statement audits for those three Arena Boards.
Starting with the 2023 year-end, the three Arena boards will use Grant Thornton LLP, the external auditors authorized by City Council to perform the annual financial statement audits of Arenas.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/au/bgrd/backgroundfile-243006.pdf