February 10, 2021, at 12:00 PM
Present:
Deputy J. Morgan, M. van Holst, J. Helmer, S. Turner, L. Higgs
Also Present:
M. Schulthess, J. Taylor.
Remote Staff Attendance: L. Livingstone, D. Baldwin (KPMG), A. Barbon, B. Card, I. Collins, K. denBok (KPMG), K. Dickens, M. Feldberg, G. Kotsifas, S. Miller, D. O’Brien, S. Oldham, J. Pryce (Deloitte), C. Saunders, S. Swance, E. Van Daele (KPMG), P. Yeoman.
The meeting is called to order at 12:00 PM, it being noted that the following were in J. Helmer, M. van Holst, S. Turner, L. Higgs.
1. Call to Order
1.1 Disclosures of Pecuniary Interest
That it BE NOTED that no pecuniary interests were disclosed.
1.2 Election of Vice Chair for the term ending November 30, 2021
That Councillor Helmer BE ELECTED Vice Chair of the Audit Committee for the term ending November 30, 2021.
Motion Passed
2. Consent
None.
3. Scheduled Items
None.
4. Items for Direction
4.1 Audit Planning Report for the Year Ended December 31, 2020
2021-02-10 Submission - Audit Planning Report
That the KPMG LLP Audit Planning Report, for the year ending December 31, 2020, BE APPROVED.
Motion Passed
4.2 London Downtown Closed Circuit Television Program – Report on Specified Auditing Procedures for the Year Ending December 31, 2020
2021-02-10 Submission - City of London CCTV Special Report and Schedule
That the KPMG Report on Specified Auditing Procedures for the London Downtown Closed Circuit Television Program, for the year ending December 31, 2020, BE RECEIVED.
Motion Passed
4.3 Internal Audit Summary Update
2021-02-10 Submission - Draft IA Summary Memo
That the communication dated January 29, 2021, from Deloitte, with respect to the internal audit summary update, BE RECEIVED.
Motion Passed
4.4 Revised 2020-2022 Audit Plan by Audit Universe Area
2021-02-10 Submission - Revised 2020-2022 Audit Plan
That the revised 2020-2022- Audit Plan by Audit Universe Area from Deloitte BE RECEIVED.
Motion Passed
4.5 Internal Audit Dashboard as at January 29, 2021
2021-02-10 Submission - Audit Dashboard
That the communication from Deloitte, regarding the internal audit dashboard as of January 29, 2021, BE RECEIVED.
Motion Passed
4.6 Audit Committee Observation Summary as at January 29, 2021
2021-02-10 Submission - Observation Summary
That the Observation Summary from Deloitte, as of January 29, 2021, BE RECEIVED.
Motion Passed
4.7 Assumptions and Securities Review
2021-02-10 Submission - Assumptions and Securities Review
That the Internal Audit Report from Deloitte with respect to Assumptions and Securities Review performed October 2020 to December 2020, issued January 28, 2021, BE RECEIVED.
Motion Passed
4.8 Class Replacement Project Post - Implementation Reconciliation Process Review
2021-02-10 Submission - Class Replacement Project Post-Implementaiton Reconciliation
That the Internal Audit Report from Deloitte with respect to Class Replacement Project Post - Implementation Reconciliation Process Review performed October 2020 to December 2020, issued January 27, 2021, BE RECEIVED.
Motion Passed
5. Deferred Matters/Additional Business
None.
6. Adjournment
That the meeting BE ADJOURNED.
Motion Passed
The meeting adjourned at 12:45 PM.