Agenda
Pursuant to section 6.1 of the Audit Committee Terms of Reference, consideration of items 10 to 12 will take place in camera.
CLOSED SESSION
- Introductions and Chair’s Remarks
CLOSED CONSENT AGENDA
- Report of the Previous Meeting – Report Number 163 (April 30, 2025) * (for approval)
- Business Arising from the Report of the Previous Meeting
- Date of the Next Meeting: September 17, 2025, 4:00 p.m. – 6:00 p.m.
END OF CLOSED CONSENT AGENDA
- Reports of the Administrative Assessors
- Audited Financial Statements for the Fiscal Year End April 30, 2025 (for recommendation)+
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Financial Report: Presentation
-
External Auditors’ Report of Audit Results
-
Legal Claims
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External Auditors: Private Meeting
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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, 2025, be approved.
- External Auditors: Appointment for 2025-26 (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, 2026. - Internal Audit Annual Report (to April 30, 2025) (for information)+
- Other Business
IN CAMERA SESSION
- Risk Dashboards (for information)+
- Internal Auditor: Private meeting
- Committee Members Alone
*Documentation is attached.
**Documentation for consent item included. This item will be given individual consideration by the Business Board only if a member requests. Members with questions or who would like the consent item to be discussed by the Audit Committee are invited to notify the Secretary, Tim Harlick, at least 24 hours in advance of the meeting by email at timothy.harlick@utoronto.ca.
***Documentation is to follow
+Confidential documentation is attached for members only.