4.     ERNST & YOUNG LLP 2004 MANAGEMENT LETTER & 2005 AUDIT PLAN


Lettre de recommandations de 2004 et plan de vérification de 2005 de Ernst & Young LLP

 

 

COMMITTEE RECOMMENDATION

 

That Council receive the attached reports from Ernst & Young LLP for information.

 

 

RECOMMENDATION DU COMITÉ

 

Que le Conseil municipal prenne connaissance des rapports de Ernst & Young LLP ci-joints.

 

 

 

 

 

 

 

 

 

 

 

 

 

Documentation

 

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/

Chef des Services généraux

 

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

 

City Wide

Ref N°: ACS2006-CRS-FIN-0008

 

 

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.