Agenda Package: Audit Committee - December 01, 2020

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Via Virtual Meeting

AGENDA

CLOSED SESSION

  1. Chair’s Remarks
  2. Registered Pension Plan+
    1. Audited Pension Financial Statements for the Year ended June 30, 2020 (for recommendation)

      Be It Recommended

      THAT the audited financial statements for the University of Toronto Pension Plan for the year ended June 30, 2020 be approved.
    2. Pension Plan Annual Financial Report for the Year ended June 30, 2020** (for information)
  3. External Auditors+
    1. Audit Plan (including Engagement Letter for 2021 and Report on Non-Audit Services) (for approval)

      Be it Resolved

      THAT the Audit Committee accept the external auditors’ audit plan and engagement letter for the University for the year ended April 30, 2021, and for the pension plan for the year ended June 30, 2021, as outlined in the report from Ernst & Young dated November 12, 2020.
    2. Report on Audit Fees (for information)
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  4. Internal Audit: Semi-Annual Activity Report for the Six Months Ended October 31, 2020+ (for information)
  5. Information Security Update (for information)
  6. Annual Administrative Accountability Reports, 2019-2020** (for information)
  7. Enrolment Report to the Ministry of Training, Colleges and Universities, 2019-2020+ (for information)
  8. Accounting Standard Board’s Contributions – Revenue Recognition and Related Matters+ (for information)
  9. Report of the Previous Meeting: Report 139, September 16, 2020 *(for approval)
  10. Business Arising from the Report of the Previous Meeting
  11. Reports of the Administrative Assessors
  12. Date of Next Meeting: March 3, 2021 at 4:00 p.m.
  13. Other Business


IN CAMERA SESSION

  1. Internal Auditor: Private meeting
  2. Committee Members Alone

* Documentation included
** Documentation to follow
+ Confidential documentation included for members only.