Agenda Package: Audit Committee - June 17, 2020

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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. Chair’s Remarks
     
  2. Report of the Previous Meeting: Report Number 137– April 27, 2020* (for approval)
     
  3. Business Arising from the Report of the Previous Meeting
     
  4. Audited Financial Statements and Notes – April 30, 2020+ (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, 2020 be approved.
  5. Appointment of External Auditors  for 2020-21+ (for recommendation)

    Be It Recommended to the Business Board

    THAT Ernst & Young be re-appointed as external auditors of the University of Toronto for the fiscal year ending April 30, 2021; and

    THAT Ernst & Young be re-appointed as external auditors of the University of Toronto pension plan for the fiscal year ending June 30, 2021.
     
  6. Internal Audit Annual Report (to April 30, 2020)+ (for information)
     
    1. Annual Report, 2019-2020
    2. Plan 2020-2021
       
  7. Annual Report: Information Security and the Protection of Digital Assets+ (for information)
     
  8. Reports of the Administrative Assessors
     
  9. Date of the Next Meeting: September 16, 2020 at 4:00 to 6:00 p.m.
     
  10. Other Business

IN CAMERA SESSION

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

*    Documentation attached
**    Documentation for consent item included. This item will be given individual
consideration by the Board only if a member so requests. Members with questions
or who would like a consent item to be discussed by the Board 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).
***    Documentation forthcoming 
+     Confidential documentation for members only