Item - 2025.AU10.4

Tracking Status

This item was considered by the Audit Committee on November 5, 2025. The Committee received the item for information only. No further action will be taken on this item.

AU10.4 - KPMG Management Letter for the City of Toronto with Management Responses for Period Ended December 31, 2024

Decision Type:: ACTION

Status:: Received

Wards:: All

Committee Decision

The Audit Committee:

1. Received the KPMG Management Letter including Management Responses - for the year 2024 ending December 31, 2024 (October 22, 2025) from KPMG LLP for information.

Origin

(October 22, 2025) Letter from KPMG Management including Management Responses for the City of Toronto

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 submits this Management Letter for the City of Toronto with management responses for period ended December 31, 2024.

Background Information

(October 22, 2025) Letter from KPMG Management including Management Responses for the City of Toronto, for period ended December 31, 2024
https://www.toronto.ca/legdocs/mmis/2025/au/bgrd/backgroundfile-259567.pdf

Motions

Motion to Receive Item moved by Councillor Frances Nunziata (Carried)

That the item be received for information.