May 30, 2016, at 8:04 AM
Present:
P. Hubert, A. Hopkins, S. Turner, M. van Holst, S. Khullar, B. Westlake-Power (Secretary)
Also Present:
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, M. Tomazincic
1. Disclosures of
Pecuniary Interest
2. Internal Audit
Services
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.
3. RFP 16-31 External
Audit 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.