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1. 2017 ERNST & YOUNG AUDIT PLAN
PLAN DE VÉRIFICATION DE 2017 D’ERNST & YOUNG
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COMMITTEE RECOMMENDATION
That Council receive this report for information.
RECOMMANDATION DU COMITÉ
Que le Conseil prenne connaissance du présent rapport à titre informatif.
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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
There are no rural implications associated with this report.
CONSULTATION
This report is administrative in nature and therefore no consultation was required.
COMMENTS BY THE WARD COUNCILLOR(S)
This report is administrative and City wide in nature.
ADVISORY COMMITTEE(S) COMMENTS
This report is administrative in nature and for information purposes only.
LEGAL IMPLICATIONS
There are no legal impediments to receiving the information in this report.
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.
Audit Committee
Report 14
13 DECEMBER 2017
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4
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COMITÉ DE LA VÉRIFICATION
Rapport 14
le 13 DéCEMBRE 2017
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Title: |
Report - 2017 Ernst & Young Audit Plan |
Subject: |
Report - 2017 Ernst & Young Audit Plan |
Creator: |
City of Ottawa |
LastModifiedBy: |
Anderson, Tara |
Revision: |
17 |
LastPrinted: |
2017-12-07T19:16:00Z |
Created: |
2017-12-05T15:32:00Z |
Modified: |
2017-12-08T13:46:00Z |
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