Audit Committee

Receive and file city manager's correspondence CM-05-18 regarding known incidents of fraud, theft or conflict of interest as of December 31, 2017.

Receive and file finance department report F-07-18 providing information on financial policies.

Receive and file city auditor’s office report CA-03-18 providing a summary of all outstanding audit issues as of December 31, 2017 as detailed in Appendix A.

Receive and file city manager’s office report CM-3-18 providing an update on enterprise risk management risk registry in the areas of transportation, demographic changes and council governance.

Receive and file city auditor’s office report CA-01-18 providing summary of audit results – corporate cash handling in Appendix A.

Approve the 2018 audit work plan attached in Appendix B of city auditor’s office report CA-02-18; and Approve the engagement of Deloitte LLP to perform the non-audit work involved in the independent validation of the city auditor’s self-assessment for compliance with the International Standards for the Professional Practice of Internal Auditing, and the quality assurance reviews of internal audits.

Approve the proposed Office of the City Auditor Performance Measures as defined in Appendix C of city auditor’s office report CA-04-18; and Receive and file city auditor’s office report CA-04-18 providing the status of the audit work plan (Appendix A), budget and performance metrics (Appendix B).

Approve revised Enterprise Risk Management Policy as presented in city manager's report CM-4-18.