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AGENDA - Special General Committee - 20110215PUBLIC RELEASE February 11, 2011 TOWN OF AURORA SPECIAL GENERAL COMMITTEE MEETING AGENDA AUDIT COMMITTEE Tuesday, February 15, 2011 6:00 p.m. Council Chambers I DECLARATIONS OF PECUNIARY INTEREST II APPROVAL OF AGENDA RECOMMENDED: THAT the agenda as circulated by the Customer and Legislative Services Department be approved as presented. III PRESENTATION (a) Representatives of Grant Thornton LLP Joanne Rogers, Partner, and Irfan Ahmad, Senior Manager Re: 2010 Audit Plan IV CONSIDERATION OF ITEMS V CLOSED SESSION There are no scheduled Closed Session agenda items; however, subject to procedural compliance with the Municipal Act, 2001, this Committee may request a Closed Session Meeting with the Auditor, with or without Corporate and Financial Services Staff present, to discuss personal matters about an identifiable individual, including municipal or local board employees, or matters concerning the security of the property of the municipality or local board, including financial assets. VI ADJOURNMENT Special General Committee Meeting Agenda Audit Committee Tuesday, February 15, 2011 Page 2 of 2 AGENDA ITEMS 1. Terms of Reference – Town of Aurora Audit Committee Pg. 1 (Schedule A to Procedural By-law 4835-06.C as amended) RECOMMENDED: THAT the Terms of Reference – Town of Aurora Audit Committee be received for information. 2. CFS11-003 – 2010 Audit Plan Pg. 5 RECOMMENDED: THAT report CFS11-003 be received; and THAT the 2010 year-end Audit Plan as proposed by Grant Thornton be endorsed; and THAT the Treasurer be authorized to approve additional fees up to a further 10% of the quoted fee for additional works and efforts required of the auditor in the event of adverse findings, or required assistance to staff or similar costs are incurred.