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HomeMy WebLinkAboutAudit 2017-03-20Fill] D]110191k Ikh111aI:1:8khIIki Lei I*y MARCH 20, 2017 CITY OF KITCHENER The Audit Committee met this date commencing at 3:04 p.m. Present: Mayor B. Vrbanovic - Chair Councillors S. Davey, F. Etherington, K. Gal loway-Sealock, J. Gazzola, B. loannidis, Z. Janecki, S. Marsh, P. Singh and D. Schnider. Staff: J. Willmer, Chief Administrative Officer D. Chapman, Deputy CAO, Finance & Corporate Services M. May, Deputy CAO, Community Services J. Readman, Interim Executive Director, Infrastructure Services C. Fletcher, Interim Executive Director, Infrastructure Services B. Johnson, Director, Accounting R. LeBrun, Manager, Accounting S. Brisbane, Supervisor, Financial Reporting R. Hamilton, Accounting Analyst C. Tasker, Internal Auditor D. Saunderson, Committee Administrator 1. PRESENTATION Mayor B. Vrbanovic presented the Canadian Award for Financial Reporting for the fiscal year ending in 2015 to the Accounting Division on behalf of the Government Finance Officers Association. 91W5rff1I1I:2lW41Z[:11'1 rAZININAUTAhvl The Committee considered Finance and Corporate Services Department report FCS -17-008, dated March 13, 2017, which provides a summary of activities undertaken by the Internal Auditor during the 2016 calendar year in comparison to the Audit Committee's approved work plan. Ms. C. Tasker presented the report. FCS -17-007 — FIRST QUARTER AUDIT STATUS REPORT The Committee considered Finance and Corporate Services Department report FCS -17-007, dated March 13, 2017, which provides a summary of work completed by the Internal Auditor during the first quarter of 2017; and in particular, Ms. C. Tasker presented the results of audits conducted for the petty cash review and a status update on the Integrated Planning Centre of Excellence and responded to questions from the Committee. ADJOURNMENT This meeting adjourned at 3:26 p.m. D. Saunderson Committee Administrator