City of Barrie - File #: TMP-9336

• File #: TMP-9336
• Version: 1
• Type: Committee Report
• Status: To Be Introduced
• File created: 12/23/2014
• In control: Finance and Corporate Services Committee
• On agenda: 1/14/2015
• Final action: 1/14/2015
• Title: 2014 AUDIT SERVICE PLAN Paula Jesty, Partner, Deloitte LLP provided the Committee with an overview of the 2014 Audit Service Plan. She noted that the Plan presents the Deloitte LLP audit approach, audit scope and planned communications with the City of Barrie. Ms. Jesty reviewed the key elements of the Audit Service Plan including details of the following aspects: * Audit scope * Materiality * Audit risks * Internal control matters * Fraud risk * Use of specialists * Component auditor * Audit team * Complete engagement reporting * Accounting update and other developments * Communications * Independence * Management representatives * Client service commitment Ms. Jesty concluded by commenting that the audit team is committed to providing an efficient, high-quality audit and will coordinate activities with management to make every effort to achieve audit efficiencies. Members of the Committee asked a number of questions related to the information provided and...

Title

2014 AUDIT SERVICE PLAN

Paula Jesty, Partner, Deloitte LLP provided the Committee with an overview of the 2014 Audit Service Plan.  She noted that the Plan presents the Deloitte LLP audit approach, audit scope and planned communications with the City of Barrie.

Ms. Jesty reviewed the key elements of the Audit Service Plan including details of the following aspects:

·      Audit scope

·      Materiality

·      Audit risks

·      Internal control matters

·      Fraud risk

·      Use of specialists

·      Component auditor

·      Audit team

·      Complete engagement reporting

·      Accounting update and other developments

·      Communications

·      Independence

·      Management representatives

·      Client service commitment

Ms. Jesty concluded by commenting that the audit team is committed to providing an efficient, high-quality audit and will coordinate activities with management to make every effort to achieve audit efficiencies.

Members of the Committee asked a number of questions related to the information provided and received responses from the presenter and City staff. (File: F00)