Agenda Package: Audit Committee - December 01, 2021

Via Virtual Meeting room



  1. Chair’s Remarks
  2. Registered Pension Plan+

a. Audited Pension Financial Statements for the Year ended June 30, 2021 (for recommendation)+

Be It Recommended 

THAT the audited financial statements for the University of Toronto Pension Plan for the year ended June 30, 2021 be approved.

b. Pension Plan Annual Financial Report for the Year ended June 30, 2021 (for information)+

  1.  Exterior  Auditors+

a.    Audit Plan (including Engagement Letter for 2022 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, 2022, as outlined in the report from Ernst & Young dated November 9, 2021.

b.     Report on Audit Fees (for information)+

  1. Annual Administrative Accountability Reports, 2020-2021 (for information) +
  2. Enrolment Report to the Ministry of Colleges and Universities, 2020-2021 (for information) +
  3. Internal Audit: Semi-Annual Activity Report for the Six Months Ended October 31, 2021 (for information) +
  4. Information Security Update (for information)

  5. Report of the Previous Meeting: Report 144, October 4, 2021 (for approval) *

  6. Business Arising from the Report of the Previous Meeting

  7. Reports of the Administrative Assessors

  8. Date of Next Meeting: March 9, 2022 at 4:00 p.m. 

  9. Other Business


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

    * Documentation included
    + Confidential documentation included for members only.