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TMP-31520
| 2 | | | Presentation - AC/RC | PRESENTATION BY DELOITTE LLP CONCERNING THE CITY OF BARRIE 2023 AUDIT SERVICE PLAN
Pina Colavecchia, Partner, Deloitte LLP, provided a presentation regarding the Deloitte 2023 Audit Service Plan.
Ms. Colavecchia discussed slides concerning the following topics:
· An overview of the legislated opinion letter to Mayor and Council from Deloitte LLP regarding the 2023 Audit Service Plan;
· An Executive Summary concerning the audit scope, terms of engagement and the identification of significant audit risks;
· Details concerning the identified significant audit risks of revenue recognition and management override of controls;
· An overview of Deloitte’s auditing approach, focus areas, processes and work plan;
· A summary of the risk-based approach and associated phases of the audit;
· Communication requirements and responsibilities under the Canadian Generally Accepted Auditing Standards (GAAS);
· The new and revised public sector account standards for 2023 and beyond; and
· An overview of Deloitte resources.
Members of the Committee asked a number of questions of City staff and rec | Received | |
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