Item - 2009.AU11.3
Tracking Status
- This item was considered by the Audit Committee on October 20, 2009. The Committee received the item for information only. No further action will be taken on this item.
AU11.3 - Auditor General's External Quality Assurance Review
- Decision Type:
- ACTION
- Status:
- Received
- Wards:
- All
Committee Decision
The Audit Committee received for information, the report (April 2, 2009) from the Auditor
General.
Origin
Summary
Government auditing standards require that audit organizations performing audits in accordance with Generally Accepted Government Auditing Standards (GAGAS) undergo an external quality assurance review every three years. This report provides the results of the Auditor General’s External Quality Assurance Review. This is the second such review for the Auditor General’s Office. The Auditor General received an “unqualified opinion” for this review. An “unqualified opinion” is the highest rating possible and indicates that audit work is conducted in accordance with Generally Accepted Government Auditing Standards. The process also provides the opportunity for reviewers to offer observations related to audit organization practices that are particularly noteworthy as well as suggestions related to professional industry best practices.
Background Information
https://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-22137.pdf
Appendix 1 - cover letter (February 27, 2009) from the Association of Local Government Auditors
https://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-22138.pdf
Appendix 2 - review letter (February 27, 2009) from the Association of Local Government Auditors
https://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-22139.pdf
Appendix 3 - letter (March 10, 2009) from the Auditor General, addressed to Mr. Alan Gutowski
https://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-22140.pdf
Motions
That the Audit Committee receive for information, the report (April 2, 2009) from the Auditor General.