File #: TMP-34173    Version: Name:
Type: Presentation - AC/RC Status: Recommended Motion (section C)
File created: 5/16/2025 In control: General Committee
On agenda: 6/11/2025 Final action:
Title: PRESENTATION DELOITTE 2024 AUDIT REPORT Lilian Cheung, Partner, Deloitte LLP, provided a presentation regarding the 2024 Audit Report. Ms. Cheung discussed slides concerning the following topics: * Audit report from Deloitte LLP regarding the 2024 year end audit of consolidated financial statements; * An Executive Summary concerning the audit, scope, terms of engagement and the identification of audit risks; * Significant accounting policies, judgments and estimates; * Communication requirements and responsibilities under the Canadian Generally Accepted Auditing Standards (GAAS); * The Independence letter; and * The Draft Management representation letter. Members of Council asked questions of Ms. Cheung and City Staff and received responses.
Attachments: 1. Deloitte 2024 Audit Report

Title

PRESENTATION DELOITTE 2024 AUDIT REPORT

 

Lilian Cheung, Partner, Deloitte LLP, provided a presentation regarding the 2024 Audit Report.

 

Ms. Cheung discussed slides concerning the following topics:

 

•                     Audit report from Deloitte LLP regarding the 2024 year end audit of consolidated financial statements;

 

•                     An Executive Summary concerning the audit, scope, terms of engagement and the identification of audit risks;

 

•                     Significant accounting policies, judgments and estimates;

 

•                     Communication requirements and responsibilities under the Canadian Generally Accepted Auditing Standards (GAAS);

 

•                     The Independence letter; and

 

•                     The Draft Management representation letter.

 

Members of Council asked questions of Ms. Cheung and City Staff and received responses.