September 16, 2020, at 12:00 PM
Present:
Deputy J. Helmer, M. van Holst, J. Morgan, S. Turner
Absent:
L. Higgs
Also Present:
M. Schulthess, S. Spring.
Remote Attendance:
The meeting is called to order at 12:01 PM; it being noted that the following were in remote attendance: Councillors M. van Holst, J. Morgan, S. Turner, and S. Hillier.
1. Disclosures of Pecuniary Interest
That it BE NOTED that no pecuniary interests were disclosed.
2. Consent
None.
3. Scheduled Items
None.
4. Items for Direction
4.1 2019 Financial Audit
2020-09-16 Staff Report - 2019 Financial Report
4.1.a 2019 Financial Statements
2020-09-16 Presentation - 2019 Financial Statements-I. Collins
Moved by M. van Holst
Seconded by J. Morgan
That the 2019 Financial Report of The Corporation of the City of London, BE RECEIVED, it being noted that the Audit Committee received a presentation from the Director, Financial Services with respect to this matter.
Motion Passed
4.1.b Audit Findings Report to the Audit Committee for the Year Ending December 31, 2019
2020-09-16 Presentation - City of London Audit Findings-KPMG
Moved by S. Turner
Seconded by M. van Holst
That the Audit Findings Report 2019 as prepared by KPMG for the year ending December 31, 2019, BE RECEIVED, it being noted that the Audit Committee received a presentation from KPMG with respect to this matter.
Motion Passed
4.2 Service London Assessment
2020-09-16 Submission - Service London Assessment
Moved by M. van Holst
Seconded by J. Morgan
That the Internal Audit Report from Deloitte with respect to the Service London Assessment performed January 2020 to March 2020, issued July 2020, BE RECEIVED.
Motion Passed
4.3 Internal Audit Summary Update
2020-09-16 Submission - Internal Audit Summary
Moved by M. van Holst
Seconded by J. Morgan
That the following actions be taken with regards to the Internal Audit submission from Deloitte dated June 15, 2020:
a) the Revised 2020-2022 Audit Plan BE APPROVED; and
b) the communication dated September 1, 2020 from Deloitte, with respect to the internal audit summary update, BE RECEIVED;
it being noted that the Audit Committee received a presentation from Deloitte with respect to this matter.
Motion Passed
5. Deferred Matters/Additional Business
None.
6. Adjournment
Moved by J. Morgan
Seconded by M. van Holst
That the meeting BE ADJOURNED.
Motion Passed
The meeting adjourned at 1:15 PM.