TAMRMS#: B06
8.1
Information Item Only
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2025 Internal Audit Steering Committee Annual Report
Presented by: Councillor Sheena Hughes, Chair, Internal Audit Steering Committee
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SUMMARY
An annual report has been prepared to report on the activities undertaken by the Internal Audit Steering Committee in 2025. The report provides an overview of the Committee's role and membership, progress updates on audits and implementations, and planned audits and work for future years.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
As outlined in the Internal Audit Steering Committee Bylaw (24/2023):
8. The Committee shall report to Council once per year regarding activities undertaken by the Committee during the year.
BACKGROUND AND DISCUSSION
This is the second annual report provided to Council on activities undertaken by the Internal Audit Steering Committee (IASC).
The IASC was initially formed in 2017 to undertake audits of City programs and services. The IASC underwent a review of practices and processes in 2022 and redesigned the Committee's role to a risk-based audit approach, which is now reflected in the Committee's Bylaw (24/2023).
The IASC also monitors the implementation of some process improvement projects, at Council's direction.
The Committee operates with an annual budget of $100,000.00, to be allocated by the Committee based on the approved IASC Multi-year Workplan.
STAKEHOLDER COMMUNICATIONS OR ENGAGEMENT
Two public members sit on the Internal Audit Steering Committee and participate in Committee meetings, discussions, decisions, and recommendations to Council.
ALIGNMENT TO PRIORITIES IN COUNCIL'S STRATEGIC PLAN
Initiative aligned with Strategic Plan:
Not Applicable
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Internal Audit
Facilitate a risk-based internal audit practice with the Internal Audit Steering Committee to develop a multi-year plan and conduct/coordinate audits/reviews as per the Committee's workplan. Ac...
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