February 18, 2015, at 12:00 PM

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1.   Disclosures of

Pecuniary Interest

2.   Report on Specified

Auditing Procedures

3.   Audit Planning

Report for the Year Ending December 31, 2014

Recommendation:  That the KPMG LLP Audit Planning Report, for the year ending December 31, 2014, BE APPROVED.

4.   Quarterly Report on

Internal Audit Results - Development and Compliance Services - By-law Enforcement and Licensing

Recommendation:  That, on the recommendation of PricewaterhouseCoopers (PwC), the Action Plans identified in PwC’s report dated February 18, 2015 BE IMPLEMENTED with respect to the Quarterly Reports on Internal Audit Results – Development and Compliance Services - By-law Enforcement and Licensing; it being noted that the Civic Administration will report back on the recommendations through the Audit Committee and/or the appropriate Standing Committee where applicable.

(See Confidential Appendix to the 2nd Report of the Audit Committee enclosed for Members only.)

The Audit Committee convened in camera from 12:58 PM to 1:54 PM, after having passed a motion to do so, with respect to the following matter: