Item - 2025.TTA4.1

Tracking Status

This item was considered by Toronto Transit Commission - Audit, Finance and Risk Management Committee on December 1, 2025 and was adopted without amendment.

TTA4.1 - KPMG LLP�s Audit Plan for Year Ended December 31, 2025

Decision Type:: ACTION

Status:: Adopted

Commission Decision

The Audit & Risk Management Committee

1. Received this report for information.

Decision Advice and Other Information

Sal Del Mastro, Audit Senior Manager, KPMG, delivered a presentation on this item.

Origin

(December 1, 2025) Report from the Interim Chief Financial Officer

Summary

This report from the TTC’s external auditors, KPMG LLP, outlines the audit plan for the audit of the TTC’s consolidated financial statements and its subsidiary company, TTC Insurance Company Ltd., for the year ended December 31, 2025.

Background Information

(December 1, 2025) Report and Attachment 1 from the Interim Chief Financial Officer on KPMG LLP�s Audit Plan for Year Ended December 31, 2025
https://www.toronto.ca/legdocs/mmis/2025/tta/bgrd/backgroundfile-260312.pdf
Attachment 2 - KPMG�s Audit Planning Report for the Year-Ending December 31, 2025
https://www.toronto.ca/legdocs/mmis/2025/tta/bgrd/backgroundfile-260313.pdf

Communications

(December 1, 2025) E-mail from Nicole Corrado (TTA.Main)

Motions

Motion to Adopt Item moved by Liane Kim (Carried)