Item - 2010.AU15.3
Tracking Status
- City Council adopted this item on February 22, 2010 without amendments and without debate.
- This item was considered by the Audit Committee on February 12, 2010 and adopted without amendment. It will be considered by City Council on February 22, 2010.
AU15.3 - Results of Request for Proposal 9171-09-7137 - External Audit Services for the City of Toronto and Its Major Agencies, Boards and Commissions
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on February 22 and 23, 2010, adopted the following:
1. City Council grant authority to enter into an agreement with PriceWaterhouseCoopers LLP for external audit services for fiscal years 2010 through 2014 inclusive for $4,085,000 (net of all applicable taxes) as per the fee schedule outlined in Confidential Attachment 2 to the report (January 25, 2010) from the Auditor General, and under terms satisfactory to the Auditor General and the City Solicitor.
2. City Council authorize the public release of the confidential information in Attachment 2 to the report (January 25, 2010) from the Auditor General, upon Council’s approval of this contract award to PriceWaterhouseCoopers LLP and PriceWaterhouseCoopers LLP signing the contract.
3. City Council direct that the confidential information in Attachment 3 to the report (January 25, 2010) from the Auditor General, remain confidential.
4. City Council authorize and direct the appropriate City officials to take the necessary action to give effect thereto.
Confidential Attachment 2 to the report (January 25, 2010) from the Auditor General remains confidential in its entirety at this time, in accordance with the provisions of the City of Toronto Act, 2006, as it relates to the security of property belonging to the City or one of its agencies, boards and commissions. The information will be released upon Council’s approval of the contract award to PriceWaterhouseCoopers LLP and PriceWaterhouseCoopers LLP signing the contract.
Confidential Attachment 3 to the report (January 25, 2010) from the Auditor General remains confidential in its entirety, in accordance with the provisions of the City of Toronto Act, 2006, as it relates to the security of property belonging to the City or one of its agencies, boards and commissions.
Confidential Attachment - The security of the property belonging to the City or one of its agencies, boards and commissions
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-27141.pdf
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2010/cc/bgrd/backgroundfile-36951.pdf
AU15.3 - Results of Request for Proposal 9171-09-7137 - External Audit Services for the City of Toronto and Its Major Agencies, Boards and Commissions
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - The security of the property belonging to the City or one of its agencies, boards and commissions
Committee Recommendations
The Audit Committee recommends that:
1. City Council grant authority to enter into an agreement with PriceWaterhouseCoopers LLP for external audit services for fiscal years 2010 through 2014 inclusive for $4,085,000 (net of all applicable taxes) as per the fee schedule outlined in Confidential Attachment 2 to the report (January 25, 2010) from the Auditor General, and under terms satisfactory to the Auditor General and the City Solicitor.
2. City Council authorize the public release of the confidential information in Attachment 2 to the report (January 25, 2010) from the Auditor General, upon Council’s approval of this contract award to PriceWaterhouseCoopers LLP and PriceWaterhouseCoopers LLP signing the contract.
3. City Council direct that the confidential information in Attachment 3 to the report (January 25, 2010) from the Auditor General, remain confidential.
4. City Council authorize and direct the appropriate City officials to take the necessary action to give effect thereto.
Decision Advice and Other Information
The Audit Committee recessed its public session and met in closed session to consider confidential information on this Item as it relates to the security of the property belonging to the City or one of its agencies, boards and commissions.
Origin
Summary
The purpose of this report is to advise on the results of Request for Proposal (RFP) 9171-09-7137 for external audit services to perform the financial statement audits for the City of Toronto and its major agencies, boards, and commissions for the years ending 2010 to 2014 inclusive and to request authority to enter into an agreement with the recommended proponent.
Background Information
https://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-27141.pdf
Motions
That the Audit Committee recommend to City Council adoption of the recommendations contained in the report (January 25, 2010) from the Auditor General.