2ND REPORT OF THE
Audit
Committee
meeting held on February
1, 2012, commencing at 3:02 PM, in Committee Room #3, Second Floor, London City
Hall.
PRESENT: Councillor P. Hubert (Chair),
Councillors M. Brown, N. Branscombe and J. Swan, and W. DeShane and B.
Westlake-Power (Secretary).
ALSO PRESENT: J. Braam, R.L.
Fair, J. Brown, M. Bushby, C. Clendenning (PwC), K. denBok (KPMG), D. Fawcett,
B. Galloway, S. Gilfillan (PwC), S. Houde, I. Jeffries (KPMG), J. Keen, M.J.
Mastandrea (PwC), C. Shah (PwC), J. Stanford, L. Stevens, S. Swance, and M.
Turner.
Recommendation: That
the 1st Report of the Audit Committee from its meeting held on December 7, 2011
BE RECEIVED.
Recommendation: That
the following actions be taken with respect to the Quarterly Report on Internal
Audit Results, dated February 1, 2012, from PricewaterhouseCoopers:
a)
Community
Services – Housing Division – the Action Plans included as Appendix ‘A’ of the
above-noted report BE IMPLEMENTED; and,
b) Fleet Asset
Management –
i)
the
Action Plans included as Appendix ‘B’ of the above-noted report BE
IMPLEMENTED;
ii)
the
Civic Administration BE DIRECTED to provide a follow-up report to the
appropriate standing committee with respect to the actions noted for implementation
in part i), above; and,
iii)
the
Civic Administration BE DIRECTED to provide a further information report
to the Finance and Administrative Services Committee with respect to the
current fleet replacement and fleet maintenance policies, including the risk
management and cost benefit analysis of the policies.
Recommendation: That
the KPMG LLP Audit Planning Report, for the year ending December 31, 2011, BE
APPROVED.
None.
The meeting adjourned at 4:54 PM.