TAMRMS#: B06
8.1
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Auditor's Year End Communication
Presented by: Sheldon Jacobs CPA, CA Partner KPMG
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RECOMMENDED MOTION(S)
recommendation
1. That the report entitled "City of St. Albert - Final 2023 Audit Findings Report", provided as an attachment to the June 18, 2024 agenda report entitled "Auditor's Year End Communication", be received as information.
2. That Administration provide a status update on the Audit Recommendations as outlined in the report entitled "City of St. Albert - Final 2023 Audit Findings Report", at the Standing Committee of the Whole in October 2024.
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PURPOSE OF REPORT
This report brings forward any significant matters identified by the Auditors during their audit engagement of the 2023 Financial Statements and other reporting as required by the Canadian Institute of Chartered Accountants.
This report also brings forward any operational matters identified by the Auditors during the audit engagement.
BACKGROUND AND DISCUSSION
This report summarizes the scope of the audit, any findings to date, and reviews any matters of importance.
The section of this report titled "Control Deficiencies" and "Other Observations", beginning on page 11, outlines any matters, in detail, identified during the audit.
KPMG is responsible to express an opinion on the City's consolidated financial statements, in accordance with Canadian Generally Accepted Auditing Standards (Canadian GAAS) and Canadian Public Sector Accounting Standards (Canadian PSAS).
STAKEHOLDER COMMUNICATIONS OR ENGAGEMENT
N/A
IMPACTS OF RECOMMENDATION(S)
Financial:
None at this time.
Compliance & Legal:
Section 276 of the Municipal Government Act requires that a municipality prepare financial statements for the preceding year and that the audited statements (with the auditor's report) be available to the Minister and to the public by May 1st. This year, administration applied for and received approval from the Minister of Municipal Affairs via Ministe...
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