TAMRMS#: B06
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2019 Audit Plan
Presented by: KPMG
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RECOMMENDATION(S)
recommendation
That the 2019 Audit Plan prepared by KPMG, provided as an attachment to the September 23, 2019 Agenda report titled “2019 Audit Plan”, be approved.
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PURPOSE OF REPORT
The purpose of this report is to approve the proposed Audit Plan presented by KPMG.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
N/A
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Corporate Reporting to Community
City’s Annual Report
Financial statements are provided annually, in accordance with Generally Accepted Accounting Principles (GAAP), Municipal Government Act (MGA) and Public-Sector Accounting Board (PSAB) Standards.
Financial statements are submitted annually to Municipal Affairs by May 1.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On August 21, 2017 Council passed the following motion:
(AR-17-344)
That KPMG be appointed as the City’s auditor for the 2017 - 2021 fiscal years ends (5 year term).
BACKGROUND AND DISCUSSION
Section 280(1) of the Municipal Government Act stipulates that a Council must appoint an auditor for the Municipality.
During the past year, Administration has been working on addressing the 2018 audit recommendations with a focus to continually improve each audit. This will be the 3rd year of the 5 year audit term with KPMG.
The Auditors Year End Recommendation and the 2019 Consolidated Annual Financial Statements will be presented to Council on April 20, 2020.
STAKEHOLDER COMMUNICATIONS OR ENGAGEMENT
N/A
IMPLICATIONS OF RECOMMENDATION(S)
Financial:
The cost of the audit services for 2019 is included in the City’s 2019 operating budget.
Legal / Risk:
The City and KPMG have entered into an agreement for the engagement of KPMG’s services.
Program or Service:
None at this time.
Organizational:
None at this time.
ALTERNATIVES AND IMPLICATIONS CONSIDERED
None at this time.
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Report Date: September 23, 2019
Author: Brenda Barclay
Department: Finance & Assessment Department
Deputy Chief Administrative Officer: Kerry Hilts
Chief Administrative Officer: Kevin Scoble