HomeMy WebLinkAboutFCS-14-048 - Audit Services Request for Proposal (RFP) UpdatedStaff Report
rR finance and Corporate Services Department www.kitchener.ca
REPORT TO: Audit Committee
DATE OF MEETING: June 30, 2014
SUBMITTED BY: Brenda Johnson, Director of Accounting 519 - 741 -2200 Ext 7647
PREPARED BY: Brenda Johnson, Director of Accounting 519 - 741 -2200 Ext 7647
WARD(S) INVOLVED: All
DATE OF REPORT: June 17, 2014
REPORT NO.: FCS -14 -048
SUBJECT: Audit Services Request For Proposal (RFP) Update
RECOMMENDATION:
For information only.
BACKGROUND:
The current Audit services agreement for the City, its local Boards, Municipal Enterprises,
Waterloo Region Municipalities Insurance Pool, Kitchener Housing Inc., and Kitchener Non -
Profit Property Management Inc. expires after the 2013 year end. An audit services RFP was
prepared, posted and closed May 20, 2014.
REPORT:
Five audit services proposals were received and reviewed by the Audit Services Selection
Committee. Ratings were prepared by each member and the five proponents have been
shortlisted to two firms.
Presentations will be held by these two firms the morning of June 30, 2014. The Selection
Committee will make a recommendation, based on the proposal ratings in addition to the
presentation and references, to members of Council at the August 11, 2014 Finance and
Corporate Services Committee.
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
Efficient and Effective Government.
FINANCIAL IMPLICATIONS:
Financial implications will be included in the report to FCSC in August.
COMMUNITY ENGAGEMENT:
Inform - This report has been posted to the City's website in advance of this meeting.
ACKNOWLEDGED BY: Dan Chapman, DCAO Finance and Corporate Services.
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