Item - 2015.AU2.7
Tracking Status
- City Council adopted this item on June 10, 2015 without amendments and without debate.
- This item was considered by the Audit Committee on May 22, 2015 and adopted without amendment. It will be considered by City Council on June 10, 2015.
AU2.7 - Auditor General’s Office External Peer Review - 2015
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on June 10, 11 and 12, 2015, adopted the following:
1. City Council receive the report (May 1, 2015) from the Auditor General, for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-79955.pdf
AU2.7 - Auditor General’s Office External Peer Review - 2015
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council receive the report (May 1, 2015) from the Auditor General, for information.
Origin
Summary
Government Auditing Standards state that “Audit organizations performing audits and attestation engagements in accordance with Generally Accepted Government Auditing
Standards (GAGAS) must have an external peer review performed by reviewers independent of the audit organization being reviewed at least once every 3 years.”
Furthermore, Toronto Municipal Code §3-18 requires that the "Auditor General shall undergo an external peer review once every three years to ensure compliance with government auditing standards" and furthermore, "the results of the external peer review shall be reported to Council through the Audit Committee."
The purpose of this report is to provide the Audit Committee with information regarding the Auditor General’s proposed external peer review.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-79955.pdf