Audit Committee

Receive and file city auditor’s office report CA-15-17 providing a summary of high and medium risk outstanding audit issues as of October 31, 2017 as detailed in Appendix A.

Receive and file information technology services report IT-02-17 providing follow up information to the 2016 external audit results presented at the May 31, 2017 Audit Committee meeting regarding SAP.

Receive and file city auditor’s office report CA-16-17 providing the status of the audit work plan, budget and performance metrics as of October 31, 2017, noting that Deloitte LLP is being engaged to perform the non- audit work involved in the parking by-law enforcement value-for- money-audit, in conjunction with the City Auditor.

Receive and file finance department report F-51-17 providing financial highlights for the period ending September 30, 2017.

Receive and file finance department report F-53-17 providing information on financial policies.

Receive and file city auditor’s office report CA-13-17 providing a summary of audit results - winter maintenance roads and sidewalks as detailed in Appendix A.

Receive and file city auditor’s report CA-10-17 providing a summary of audit results – investments.

Direct the City Manager to report back to the Audit Committee in Q2 2018 regarding management controls for fraud detection and reporting.

Move into closed session in accordance with the following provision under the Municipal Act, section 239 (a) the security of the property of the municipality or local board, with respect to finance department report F-52- 17 regarding the external audit service plan for the year ended December 31, 2017 - specificially as it relates to the risk of fraud.

Suspend the rules of procedure to waive the requirements of notice to allow discussion regarding city manager's office correspondence providing the action plan for management control framework, in accordance with procedure by-law 64-2016, s. 31.

Receive and file the following two items, having been given due consideration by the Audit Committee.