COMMITTEE RECOMMENDATION 

That Council receive this report for information. 

RECOMMANDATION DU COMITÉ 

DOCUMENTATION/DOCUMENTATION 

1. Deputy City Treasurer, Corporate Finance Report (ACS2017-CSD-FIN-0029) 

Rapport du Trésorière municipale adjointe, Finance Municipal (ACS2017-CSD-FIN-0029) 

2. Extract of draft Minutes, Audit Committee, 30 November 2017 

Extrait de l’ébauche du procès-verbal, Comité de la vérification, le 30 novembre 2017 

Report to
Rapport au:

Audit Committee
Comité de la vérification
30 November 2017 / 30 novembre 2017

and Council
et au Conseil
13 December 2017 / 13 décembre 2017

Submitted on November 30, 2017
Soumis le 30 novembre 2017

Submitted by
Soumis par:
Isabelle Jasmin, Deputy City Treasurer, Corporate Finance/ Trésorière municipale adjointe, Finances municipales

Contact Person
Personne ressource:
Peter Moutsatsos, Program Manager, Accounting, Corporate Services / Gestionnaire de programme Comptabilité, Services généraux
613-580-2424 ext/poste 21674, Peter.Moutsatsos@ottawa.ca 

Ward: CITY WIDE / À L'ÉCHELLE DE LA VILLE 

File Number: ACS2017-CSD-FIN-0029 

SUBJECT: 2017 ERNST & YOUNG AUDIT PLAN 

OBJET: PLAN DE VÉRIFICATION DE 2017 D’ERNST & YOUNG 

REPORT RECOMMENDATION 

That the Audit Committee receive this report and forward to Council for information. 

RECOMMANDATION DU RAPPORT 

Que le Comité de la vérification prenne connaissance du présent rapport et le transmette au Conseil à titre informatif. 

BACKGROUND 

Section 294.1 of the Municipal Act, 2001, requires that the City prepare annual audited financial statements in accordance with generally accepted accounting principles recommended by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. These audited financial statements must be published in a local newspaper or made available publicly at no expense to any taxpayer or resident.  

DISCUSSION 

On December 19, 2012, Ernst & Young LLP was appointed as the external auditors of the City of Ottawa for a five-year term ending September 30, 2018. As part of the 2017 audit, Ernst & Young LLP is providing a planning memo for the information of the Audit Committee and Council that outlines the scope and key issues affecting the audit (Document 1). 

RURAL IMPLICATIONS 

RISK MANAGEMENT IMPLICATIONS 

There are no risk implications. 

FINANCIAL IMPLICATIONS 

Fees are fixed as part of a contract. 

ACCESSIBILITY IMPACTS 

Accessible formats and communication supports are available upon request. 

ENVIRONMENTAL IMPLICATIONS  

There are no environmental implications associated with this report. 

TECHNOLOGY IMPLICATIONS 

There are no technology implications associated with this report. 

TERM OF COUNCIL PRIORITIES 

The reports support Council’s oversight over the financial affairs of the City. 

SUPPORTING DOCUMENTATION 

Document 1 – Ernst & Young LLP 2017 Audit Plan (held on file with the City Clerk and Solictor) 

DISPOSITION 

Financial Services Management will take the appropriate action as described in this report and set out in the legislation cited herein.