2ND REPORT OF THE
Audit
Committee
meeting held on January
31, 2013, commencing at 4:00 PM, in the Committee Room No. 5, Second Floor,
London City Hall.
PRESENT: Councillor M. Brown (Chair),
Councillors N. Branscombe, P. Hubert and W. DeShane and C. Saunders
(Secretary).
ABSENT: Councillor J.B. Swan
ALSO PRESENT: S. Bahm, J.P
Barber, J. Braam, G. Bridge, C. Clendenning, S. Gillifilan (PwC), M. Hayward,
I. Jeffreys (KPMG), S. Morgan, I. Sadler (PwC), C. Shah (PwC), J. Stanford, S.
Swance and M. Turner
1.
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That it BE NOTED that no pecuniary
interests were disclosed.
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Recommendation: That, the following
actions be taken regarding the 2011 and 2012 Internal Audit Results Summary:
a)
the
report dated January 31, 2013 with respect to this matter BE RECEIVED;
b)
Corporate
Communications BE REQUESTED to prepare a press release outlining the
results of the 2011 and 2012 internal audit results; and,
c)
that
information related to quantifying cost avoidances BE INCLUDED in
future Annual Internal Audit Results Summary Reports.
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3.
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Proposed Risk
Assessment and 2013 Risk-Based Audit Plan
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Recommendation: That,
the following actions be taken with respect to the Proposed 2013 Risk
Assessment and Risk-Based Audit Plan:
a)
the
report dated January 31, 2013 with respect to this matter BE RECEIVED;
and,
b)
the
proposed 2013 Risk-Based Internal Audit Plan identified in Appendix A of the
above-noted report BE APPROVED; it being noted that the
revenue and cost model analysis for landfills will be reported out in the 4th
Quarter, with the report on revenue and cost model analysis on solid waste
collection being reported out in the 1st Quarter of 2014.
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Recommendation: That, the following
actions be taken with respect to the Quarterly Report on Internal Audit
Results – Corporate Services/Finance – Payroll Administration:
a)
the
report dated January 31, 2013 with respect to this matter BE
RECEIVED; and
b) the action plans identified in
Appendix A of the report noted in a) above, BE IMPLEMENTED.
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Recommendation: That, the
following actions be taken with respect to the Quarterly Report on Internal
Audit Results – Human Resources – Succession Planning:
a)
the
report dated January 31, 2013 with respect to this matter BE RECEIVED;
b)
the
action plans indentified in Appendicies A and B of the report noted in a)
above, BE IMPLEMENTED; and,
c)
the
Managing Director, Corporate Services and Chief Human Resources Officer BE
DIRECTED to report back to the Audit Committee on the following:
i)
Observations
& Action Plan #1 by April 2013;
ii)
Observations
& Action Plan #2 by May 2013; and,
iii)
Observations
& Action Plan #3 by July 2013.
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(See Confidential Appendix to the 2nd
Report of the Audit Committee enclosed for Members only.)
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The Audit Committee convened in camera from
5:05 PM to 5:16 PM after having passed a motion to do so, with respect to the
following matter:
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The meeting adjourned at 5:17 PM.
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