That the following actions be taken with
respect to the appointment of an outsourced internal auditor for the City of
London:
a) based
on the completed evaluation, which included such criteria as audit
methodology, fees, audit approach, etc. (as included in the public Request
for Proposals), the firm of Deloitte LLP BE APPOINTED as the preferred firm
for the provision of internal audit services for a four-year term beginning
January 1, 2017, with the option to renew for one additional one-year term;
b) the
Civic Administration BE AUTHORIZED to undertake all the administrative acts
that are necessary in connection with the contract for the above-noted
appointment;
c) approval
hereby given BE CONDITIONAL upon the Corporation entering into a formal
contract to the satisfaction of the Managing Director, Corporate Services and
City Treasurer, Chief Financial Officer relating to the subject matter of
this approval; and
d) the
Mayor and the City Clerk BE AUTHORIZED to execute the contract noted in part
c), above;
it being noted that the Audit Committee
received a verbal report from A.L. Barbon, Director, Financial Services, with
respect to this matter.
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