June 21, 2016, at 12:00 PM
Present:
P. Hubert, A. Hopkins, M. van Holst, S. Khullar, B. Westlake-Power (Secretary)
Absent:
S. Turner
Also Present:
J. Helmer; A. Zuidema, A.L. Barbon, S. Datars Bere, K. denBok (KPMG) S. Gilfillan (PwC), M. Hayward, I. Jeffreys (KPMG), V. McAlea Major, D. McLean (PwC), K. Medinilla, D. O’Brien, M. Ribera, C. Shah (PwC), J. Smout, S. Swance
1. Disclosures of
Pecuniary Interest
2. STAFF REPORT - 2015
Financial Audit
That the following actions be taken with respect to the 2015 Financial Audit and Audit Findings Report 2015, as prepared by KPMG: a) the 2015 Financial Report of The Corporation of the City of London BE RECEIVED; and b) the Audit Findings Report for the year ending December 31, 2015 BE RECEIVED, including the attached revised pages 4 and 15 and Appendices I and II; it being noted that the Audit Committee received the attached presentation from the Director, Financial Services and a verbal presentation from KPMG with respect to these matters.
3. PUBLIC SUBMISSION -
London Downtown Closed Circuit Television Program - Report on Specified Auditing Procedures
That the KPMG Report on Specified Auditing Procedures for the London Downtown Closed Circuit Television Program, dated March 31, 2016, BE RECEIVED.
4. PUBLIC SUBMISSION -
Consultant Contract Award and Payment Reporting Processes
5. PUBLIC SUBMISSION -
Quarterly Report on Internal Audit Results - Status of Past Project Action Plans
That, on the recommendation of PricewaterhouseCoopers (PwC), the Quarterly Report on Internal Audit Results
- Status of Past Project Action Plans, dated June 21, 2016, BE RECEIVED.
The Audit Committee convened in camera from 1:41 PM to 3:01 PM, after have passed a motion to do so with respect to the following: