Item - 2024.AU5.2
Tracking Status
- City Council adopted this item on July 24 and 25, 2024 without amendments.
- This item was considered by Audit Committee on July 5, 2024 and was adopted with amendments. It will be considered by City Council on July 24 and 25, 2024.
AU5.2 - City of Toronto Audit Findings Report for the Year Ended December 31, 2023
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 24 and 25, 2024, adopted the following:
1. City Council receive the City of Toronto Audit Planning Report for the Year Ended December 31, 2023 (June 20, 2024) from KPMG LLP for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/au/bgrd/backgroundfile-246931.pdf
Motions (City Council)
AU5.2 - City of Toronto Audit Findings Report for the Year Ended December 31, 2023
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Audit Committee recommend that:
1. City Council receive the City of Toronto Audit Planning Report for the Year Ended December 31, 2023 (June 20, 2024) from KPMG LLP for information.
Decision Advice and Other Information
Lead Audit Engagement Partner, KPMG LLP, Kevin Travers, and Audit Engagement Partner, KPMG LLP, Maria Khoushnood gave a presentation on City of Toronto Audit Findings Report for the Year Ended December 31, 2023.
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, 2023 for the 2023 audit of the consolidated financial statements for the City of Toronto.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/au/bgrd/backgroundfile-246931.pdf
Motions
That the Audit Committee recommend that:
1. City Council receive the City of Toronto Audit Planning Report for the Year Ended December 31, 2023 (June 20, 2024) from KPMG LLP for information.