Item - 2025.AU8.7

Tracking Status

This item was considered by Audit Committee on February 12, 2025 and was adopted without amendment.

AU8.7 - City of Toronto Audit Planning Report for the Year Ended December 31, 2024

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Audit Committee:

1. Received KPMG LLP's audit planning report for the City of Toronto's audited consolidated financial statements for the year ended December 31, 2024 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 Planning Report for the Year Ended December 31, 2024.

Origin

(February 3, 2025) Report from the Controller and Chief Accountant

Summary

This report presents the external auditor (KPMG LLP)'s audit planning report for the City of Toronto (City)'s audited consolidated financial statements for the year ended December 31, 2024.

Background Information

(February 3, 2025) Report from the Controller and Chief Accountant on City of Toronto Audit Planning Report for the Year Ended December 31, 2024
https://www.toronto.ca/legdocs/mmis/2025/au/bgrd/backgroundfile-253048.pdf
Attachment 1 - KPMG LLP 2024 Audit Planning Report for City of Toronto Consolidated Financial Statements
https://www.toronto.ca/legdocs/mmis/2025/au/bgrd/backgroundfile-252829.pdf

Motions

Motion to Adopt Item moved by Councillor Stephen Holyday (Carried)