6TH REPORT OF THE
Audit
Committee
meeting held on June
21, 2016, commencing at 12:00 PM, in the Council Chambers, Second Floor, London
City Hall.
PRESENT: Councillor P. Hubert (Chair),
Councillors A. Hopkins and M. van Holst, S. Khullar and B. Westlake-Power
(Secretary).
ABSENT: Councillor S. Turner.
ALSO PRESENT: Councillor J.
Helmer; A. Zuidema, A.L. Barbon, S. Datars Bere, K. denBok (KPMG) S. Gilfillan
(PwC), M. Hayward, I. Jeffreys (KPMG), V. McAlea Major, D. McLean (PwC), K.
Medinilla, D. O’Brien, M. Ribera, C. Shah (PwC), J. Smout and S. Swance.
That it BE NOTED that no
pecuniary interests were disclosed.
None.
None.
That the following actions be taken with
respect to the 2015 Financial Audit and Audit Findings Report 2015, as
prepared by KPMG:
a) the
2015 Financial Report of The Corporation of the City of London BE RECEIVED;
and
b) the
Audit Findings Report for the year ending December 31, 2015 BE RECEIVED,
including the attached revised pages 4 and 15 and Appendices I and II;
it being noted that the Audit Committee
received the attached presentation from the Director, Financial Services and
a verbal presentation from KPMG with respect to these matters.
|
That the KPMG Report on Specified Auditing
Procedures for the London Downtown Closed Circuit Television Program, dated
March 31, 2016, BE RECEIVED.
|
That the following
actions be taken with respect to the communication from PricewaterhouseCoopers
LLP, dated June 21, 2016, with respect to consultant contract award and payment
reporting processes:
a)
the
above-noted communication BE RECEIVED; and,
b)
the
Civic Administration BE DIRECTED to report back with respect to the
recommendations and related action plans, as noted in the above-noted
communication.
That, on the recommendation of
PricewaterhouseCoopers (PwC), the Quarterly Report on Internal Audit Results
- Status of Past Project Action Plans, dated June 21, 2016, BE RECEIVED.
|
None.
The Audit Committee convened in camera from
1:41 PM to 3:01 PM, after have passed a motion to do so with respect to the
following:
|
The meeting adjourned at 3:02 PM.