4TH REPORT OF THE
Audit
Committee
meeting held on May
30, 2016, commencing at 8:04 AM, in the Council Chambers, Second Floor, London
City Hall.
PRESENT: Councillor P. Hubert (Chair),
Councillors A. Hopkins, S. Turner and M. van Holst, S. Khullar and B.
Westlake-Power (Secretary).
ALSO PRESENT: Councillor J.
Helmer; J.P. Barber, A.L. Barbon, J. Braam, K. den Bok (KPMG), M. Hayward, I.
Jefferies (KPMG), V. McAlea Major, D. McLean (PwC), C. Shah (PwC), C. Smith, J.
Smout, S. Swance and M. Tomazincic.
That it BE NOTED that
no pecuniary interests were disclosed.
None.
None.
That, on the recommendation of the Managing
Director, Corporate Services and City Treasurer, Chief Financial Officer, the
following actions be taken with respect to internal audit services for The
Corporation of the City of London:
a) the
current model of outsourced internal audit services BE CONTINUED; and,
b) the
Civic Administration BE DIRECTED to develop a Request for Proposal for
Internal Audit Services for approval at the June 13, 2016 meeting of the
Audit Committee; it being understood that the Audit Committee can request that
amendments or additional requirements be added to the original RFP document
issued in 2010;
it being noted that the Audit Committee
received the attached presentation from A.L. Barbon, Director, Financial
Services.
|
That, on the recommendation of the Managing
Director, Corporate Services and City Treasurer, Chief Financial Officer, the
staff report dated May 30, 2016, regarding RFP 16-31 - External Audit Services,
BE RECEIVED for information.
|
None.
The meeting adjourned at 9:29 AM.