Loading...
HomeMy WebLinkAboutAudit Minutes - 2022-09-26Audit Committee Minutes September 26, 2022, 5:00 p.m. Council Chambers - Hybrid City of Kitchener 200 King Street W, Kitchener, ON N2G 4G7 Present: Mayor B. Vrbanovic Councillor S. Davey Councillor D. Schnider Councillor C. Michaud Councillor K. Galloway-Sealock Councillor P. Singh Councillor B. loannidis Councillor M. Johnston Councillor D. Chapman Councillor S. Marsh Absent: Councillor J. Gazzola Staff: D. Chapman, Chief Administrative Officer M. May, General Manager, Community Services and Deputy Chief Administrator V. Raab, General Manager, Corporate Services J. Lautenbach, Chief Financial Officer, Financial Services D. McGoldrick, General Manager, Infrastructure Services A. Fusco, Director Legislated Services/City Clerk C. Tasker, Internal Auditor D. Saunderson, Deputy Clerk 1. Commencement 1 The Audit Committee held an electronic meeting this date, chaired by Acting Mayor S. Davey, commencing at 5:04 p.m. Mayor B. Vrbanovic and Councillor M. Johnston attended the meeting virtually. 2. Status Updates 2.1 3rd Quarter 2022 Audit Status Report, CAO -2022-418, CAO -2022-418 The Committee considered Chief Administrative Office report CAO -2022-4188, entitled "3rd Quarter 2022 Audit Status report", dated August 25, 2022, providing a summary of the internal audit assurance and consulting services completed during the period of January to September 2022. Councillor P. Singh and C. Michaud entered the meeting at this time. C. Tasker, Internal Auditor, presented the Report advising the audits contained within the report include: the Sign Shop, a lean process review and inventory control, a status updated on procurement and 3 confidential investigations related to staff and theft. C. Tasker presented the audit on the Sign Shop, noting the Sign Shop Lean process review examined the inventory control processes related to the manufacture of signs. Multiple process improvements were made to improve customer service, inventory and workorder accuracy and the section is well positioned to continue improving their processes. C. Tasker then responded to questions from the Committee. C. Tasker then presented the status update related to the procurement audit, noting the status update found that three of five recommendations have been completed, one is in progress, and one not started. There are no high-risk outstanding actions currently. This topic will remain in the rotation of controls and compliance audits. Finally, C. Tasker advised over the past year there have been three allegations of theft brought to Internal Audit for investigation. C. Tasker stated one lacked enough detail to substantiate, while the other two uncovered theft of City funds. C. Tasker stated the confidential investigations resulted in termination with cause of two employees and recovery of funds. On motion by Councillor B. loannidis It was resolved: "That Chief Administrative Officer report CAO -2022-418, regarding the 3rd Quarter 2022 Audit Status Report, be received for information." E Carried Adjournment On motion, this meeting adjourned at 5:26 p.m. Dianna Saunderson Manager of Council/Committee Services & Deputy Clerk