Agenda Package: Audit Committee - June 17, 2024

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Chairs' Boardroom, Simcoe Hall

Agenda

Pursuant to section 6.1 of the Audit Committee Terms of Reference, consideration of items 11 and 12 will take place in camera.

CLOSED SESSION

  1. Introductions and Chair’s Remarks

CLOSED CONSENT AGENDA

  1. Risk Reporting Assessment Table (for information)+
  2. Report of the Previous Meeting – Report Number 157 (April 17, 2024) * (for approval)
  3. Business Arising from the Report of the Previous Meeting
  4. Date of the Next Meeting: September 18, 2024, 4:00 p.m. – 6:00 p.m.
     

END OF CLOSED CONSENT AGENDA

  1. Reports of the Administrative Assessors
  2. Audited Financial Statements for the Fiscal Year End April 30, 2024 (for recommendation)+
    1. Financial Report: Presentation
    2. External Auditors’ Report of Audit Results
    3. Legal Claims
    4. External Auditors: Private Meeting
    5. Discussion and Recommendation

Be It Recommended to the Business Board,

THAT the University of Toronto audited financial statements for the fiscal year ended April 30, 2024, be approved.

  1. External Auditors: Appointment for 2024-25 (for recommendation)+

    Be It Recommended to the Business Board,

    THAT Ernst & Young LLP be re-appointed as external auditors of the University of Toronto for the fiscal year ending April 30, 2025.
  2. Internal Audit Annual Report (to April 30, 2024) (for information)+
  3. Other Business

 IN CAMERA SESSION

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

*    Documentation attached
+    Confidential documentation included for members only.