Item - 2025.AU9.2
Tracking Status
- City Council adopted this item on July 23 and 24, 2025 without amendments and without debate.
- This item was considered by Audit Committee on July 11, 2025 and was adopted with amendments. It will be considered by City Council on July 23 and 24, 2025.
- See also 2020.AU5.7
AU9.2 - City of Toronto Audit Findings Report for the Year Ended December 31, 2024
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on July 23 and 24, 2025, adopted the following:
1. City Council receive the City of Toronto Audit Findings Report for the Year Ended December 31, 2024 (June 26, 2025) from KPMG LLP for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2025/au/bgrd/backgroundfile-256855.pdf
Communications (City Council)
(July 11, 2025) E-mail from Nicole Corrado (CC.Main)
AU9.2 - City of Toronto Audit Findings Report for the Year Ended December 31, 2024
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Audit Committee recommend that:
1. City Council receive the City of Toronto Audit Findings Report for the Year Ended December 31, 2024 (June 26, 2025) from KPMG LLP 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 City of Toronto Audit Findings Report for the Year Ended December 31, 2024.
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, 2024 for the 2024 audit of the consolidated financial statements for the City of Toronto.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/au/bgrd/backgroundfile-256855.pdf
Motions
That the Audit Committee recommend that:
1. City Council receive the City of Toronto Audit Findings Report for the Year Ended December 31, 2024 (June 26, 2025) from KPMG LLP for information.