Agenda Package: Audit Committee - December 3, 2019

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Simcoe Hall, 27 King’s College Circle, Board Room (Rm. 209) 2nd Floor

Agenda


Pursuant to section 6.1 of the Audit Committee Terms of Reference, consideration
of items 13 and 14 will take place in camera.


CLOSED Session

  1. Chair’s Remarks
  1. Report of the Previous Meeting: Report Number 134 - September 9, 2019* (for approval)
  1. Business Arising from the Report of the Previous Meeting
  1. Registered Pension Plan*
    1. Audited Pension Financial Statements for the Year ended June 30, 2019 (for recommendation)

      Be It Recommended

      THAT the audited financial statements for the University of Toronto Pension Plan for the year ended June 30, 2019 be approved
    2. Pension Plan Annual Financial Report for the Year ended June 30, 2019 (for information)
  1. External Auditors*
    1. Audit Plan (including Engagement Letter for 2020 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, 2020, and for the pension plan for the year ended June 30, 2020, as outlined in the report from Ernst & Young dated December 3, 2019.
    2. Report on Audit Fees (for information)
  1. Internal Audit: Semi-Annual Activity Report for the Six Months Ended October 31, 2019* (for information)
  1. Annual Administrative Accountability Reports, 2018-19* (for information)
  1. Enrolment Report to the Ministry of Training, Colleges and Universities, 2018-2019* (for information)
  1. Information Security Update
  1. Reports of the Administrative Assessors
  1. Date of the Next Meeting: Wednesday, March 4, 2020 at 4:00 to 6:00 p.m.
  1. Other Business

In Camera Session***

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

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* Documentation attached
** Documentation for consent item included. This item will be given individual consideration by the Committee only if a member so requests. Members with questions or who would like a consent item to be discussed by the Committee are asked to notify the Secretary, Ms. Tracey Gameiro, at least 24 hours before the meeting, by telephone (416-978-8425) or by email (tracey.gameiro@utoronto.ca).
*** Confidential documentation for members only.
+ Documentation forthcoming