The City’s Audit Committee today received the Auditor General’s Annual Report and Detailed Audit Reports.
The Annual Report includes seven audit reports:
- Audit of Benefits Processing – Compliance and Program Management
- Audit of City Estimates
- Audit of City of Ottawa Superannuation Fund
- Audit of Light Rail Transit Land Negotiations and Purchases
- Audit of Stage 2 Light Rail Transit Project Procurement
- Audit of Ottawa Fire Services – Fire Suppression
- Audit of Planning, Infrastructure and Economic Development Department – Land Management System
The Committee is recommending approval the Auditor General’s work plan for 2020 but with some changes. An audit of OC Transpo’s demand forecasting and scheduling was added to the proposed 2020 work plan and audits of the Pcard payment system and IT hardware asset management are proposed to be deferred.
The committee approved the draft budget for audit work at the City in 2020.
The total budget for the year under the authority of the Audit Committee is $2.49 million to provide an array of audit services. This includes financial, performance and compliance audits of City departments by the Auditor General, as well as administration of the Fraud and Waste Hotline and investigation of any irregularities.
Staffing in the Office of the Auditor General would remain the same in 2020, with nine staff members, and a total budget of $2 million.
Also included in the audit budget approved by the Committee is the work of the City’s independent external auditors, who audit the City’s financial statements and conduct various other program-specific financial and compliance audits.
The committee received an audit plan from Ernst & Young for the audit of 2019 financial statements. Ernst & Young is the City’s external auditor on a five-year term ending in 2023. The audit plan sets out the work to complete the audit report that confirms that the City’s 2019 financial statements are in accordance with Canadian public sector accounting standards.
Items from today’s meeting will be considered by Council on Wednesday, December 11.