Audit Committee

Report

3rd Meeting of the Audit Committee

Wednesday, November 15, 2023 at 12:00 P.m. - 1:00 P.m.

Council Chambers - Please check the City website for additional meeting detail information. Meetings can be viewed via live-streaming on YouTube and the City Website.

The City of London is situated on the traditional lands of the Anishinaabek (AUh-nish-in-ah-bek), Haudenosaunee (Ho-den-no-show-nee), Lūnaapéewak (Len-ah-pay-wuk) and Attawandaron (Add-a-won-da-run).

We honour and respect the history, languages and culture of the diverse Indigenous people who call this territory home. The City of London is currently home to many First Nations, Métis and Inuit today.

As representatives of the people of the City of London, we are grateful to have the opportunity to work and live in this territory.

PRESENT:

• Deputy Mayor S. Lewis (Chair), 
• P. Cuddy, 
• S. Stevenson, 
• J. Pribil, 
• and I. Cheema 

ALSO PRESENT:

• L. Livingstone, R. Armistead, A. Barbon, B. Card, I. Collins, S. Mollon, J. Paradis, C. Smith, J. Taylor

  Remote Attendance: K. denBok (KPMG), K. Pawelec, P. Racco (MNP), G. Rodrigues (MNP), E. Skalski 

  The meeting is called to order at 12:00 PM; it being noted that I. Cheema was in remote attendance.

   

---

1.

Disclosures of Pecuniary Interest

That it BE NOTED that no pecuniary interests were disclosed.

2.

Consent

None.

3.

Scheduled Items

None.

4.

Items for Direction

4.1

Updated Risk-Based Internal Audit Plan

• Moved by: S. Stevenson
  Seconded by: J. Pribil

  That the following actions be taken with regards to the Updated Risk-Based Internal Audit Plan:

  a) the Internal Audit Plan BE REVISED, in consultation with MNP, to move the compliance audit related to Creating a Safe London for Women and Girls to Q3 of 2024, and to move the compliance audit related to Anti-Racism Anti-Oppression (ARAO) to 2025; and

  b) the communication dated November 15, 2023 from MNP with respect to the Updated Risk-Based Internal Audit Plan BE RECEIVED.

  
  
  
  Motion Passed

4.2

Briefing Note From Internal Audit

• Moved by: S. Stevenson
  Seconded by: P. Cuddy

  That the communication from MNP, with respect to the briefing note from the internal auditor, BE RECEIVED.

  
  
  
  Motion Passed

4.3

Internal Audit Follow Up Activities Dashboard

• Moved by: S. Stevenson
  Seconded by: P. Cuddy

  That the communication from MNP, with respect to the internal audit follow up activities update dashboard, BE RECEIVED.

  
  
  
  Motion Passed

4.4

Vendor Risk Management (VRM) Audit

• Moved by: S. Stevenson
  Seconded by: J. Pribil

  That the communication dated November 1, 2023 from MNP with respect to the Vendor Risk Management (VRM) Audit BE RECEIVED.

  
  
  
  Motion Passed

4.5

Community Arts Investment Program Value for Money (VFM) Audit

• Moved by: P. Cuddy
  Seconded by: J. Pribil

  That the communication dated November 2, 2023 from MNP with respect to the Community Arts Investment Program Value for Money (VFM) Audit, BE RECEIVED.

  
  
  
  Motion Passed

4.6

Community Heritage Investment Program Value for Money (VFM) Audit

• Moved by: P. Cuddy
  Seconded by: S. Stevenson

  That the communication dated November 1, 2023 from MNP with respect to the Community Heritage Investment Program Value for Money (VFM) BE RECEIVED.

  
  
  
  Motion Passed

5.

Deferred Matters/Additional Business

None.

6.

Adjournment

• Moved by: P. Cuddy
  Seconded by: S. Stevenson

  That the meeting BE ADJOURNED.

  
  
  
  Motion Passed

  The meeting adjourned at 1:11 PM.