4. ERNST & YOUNG LLP 2004 MANAGEMENT LETTER & 2005 AUDIT PLAN
|
That Council receive the attached reports
from Ernst & Young LLP for information.
Que le Conseil municipal prenne connaissance des rapports de Ernst
& Young LLP ci-joints.
1.
Chief
Corporate Services Officer’s report dated 27 January 2006
(ACS2006-CRS-FIN-0008).
2. Ernst & Young LLP 2004 Management Letter and 2005 Audit Plan
previously issued to all Members of Council and held on file with the City Clerk.
Report
to/Rapport au :
Corporate Services and Economic Development Committee
Comité des services organisationnels
et du développement économique
and Council / et au Conseil
27 January 2006 / le 27 janvier 2006
Submitted by/Soumis par : Greg Geddes, Chief Corporate Services Officer/
Contact
Person/Personne ressource : Wayne Martin, Manager, Accounting and Financial
Reporting/Gestionnaire, Vérification et rapports
Financial Services/Services financiers
(613) 580-2424 x 25183, Wayne.Martin@ottawa.ca
SUBJECT: |
ERNST & YOUNG LLP 2004
management letter and 2005 AUDIT PLAN |
|
|
OBJET : |
Lettre
de recommandations de 2004 et plan de vérification de 2005 de Ernst &
Young LLP |
REPORT RECOMMENDATION
That the Corporate Services and Economic Development Committee and
Council receive the attached reports from Ernst & Young LLP for
information.
RECOMMANDATION DU RAPPORT
Que le
Comité des services organisationnels et du développement économique ainsi que
le Conseil municipal prennent connaissance des rapports de Ernst & Young
LLP ci-joints.
BACKGROUND
On November 13, 2001, Ernst & Young LLP was appointed as the external auditors of the City of Ottawa for the five year term ending December 31, 2005. As part of the 2005 audit, Ernst & Young LLP is providing a planning memo for the information of Corporate Services and Economic Development Committee and Council that outlines the scope of the audit process.
In addition Ernst & Young have provided its Management letter for the 2004 audit. This letter itemizes any areas where they identified that internal controls could be strengthened and also includes the response from Management on each issue.
CONSULTATION
No public consultation was required.
FINANCIAL IMPLICATIONS
Fees are fixed as part of a five-year contract.
SUPPORTING DOCUMENTATION
The following documents are issued separately and held on file with the City Clerk:
Ernst & Young LLP 2004 Management Letter
Ernst & Young LLP 2005 Audit Plan
DISPOSITION
The audit process will be undertaken as outlined.