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MINUTES - Audit Committee - 20190625 Town of Aurora Audit Committee Meeting Report Council Chambers, Aurora Town Hall Tuesday, June 25, 2019 Attendance Council Members Mayor Mrakas in the Chair; Councillors Gallo, Gilliland, Kim, and Thompson Members Absent Councillors Gaertner and Humfryes Other Attendees Doug Nadorozny, Chief Administrative Officer, Rachel Wainwright- van Kessel, Director of Finance, Michael de Rond, Town Clerk, and Ishita Soneji, Council/Committee Coordinator The Chair called the meeting to order at 6:17 p.m. 1. Approval of the Agenda Audit Committee approved the agenda as circulated by Legislative Services. 2. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act, R.S.O. 1990, c. M.50. 3. Delegations (a) Giselle Bodkin and Andrea Nauss, BDO Canada LLP Re: Item 1 – FS19-022 – 2018 Audited Financial Statements with Audit Report Audit Committee Meeting Report Tuesday, June 25, 2019 Page 2 of 2 Ms. Bodkin and Ms. Nauss presented an overview of the audit report and the financial statements, including best practice recommendations, fraud preventive and internal control measures, and a summary of the audit process. Audit Committee received and referred the comments of the delegation to Item 1. 4. Consideration of Items Requiring Discussion 1. FS19-022 – 2018 Audited Financial Statements with Audit Report Audit Committee recommends: 1. That Report No. FS19-022 be received; and 2. That the 2018 Audit Reports and Financial Statements for the year ended December 31, 2018, be approved and published on the Town’s website; and 3. That the 2019 year-end audit plan as proposed by BDO Canada LLP be endorsed. Carried 5. Adjournment The meeting was adjourned at 6:36 p.m.