Agenda Package: Audit Committee - November 19, 2025

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Chairs' Boardroom, Simcoe Hall, 2nd Floor

Agenda

Pursuant to section 6.1 of the Audit Committee Terms of Reference,
consideration of items 12 to 15 will take place in camera.

CLOSED SESSION
 

  1. Introductions and Chair’s Remarks
  2. Reports of the Administrative Assessors
  3. Revisions to the Audit Committee Terms of Reference (for recommendation)+

    Be It Recommended

    THAT the proposed revised Audit Committee Terms of Reference be approved, effective December 12, 2025, replacing the Terms of Reference previously approved on December 15, 2022.
  4. External Auditors: Report on Non-Audit Services, Engagement Letter, Audit Plans, and Audit Fees (for approval)+

    Be it Resolved

    THAT the Audit Committee accept the external auditors’ engagement letter for the University for the year ended April 30, 2026, as outlined in the report from Ernst & Young dated November 5, 2025.
  5. Annual Administrative Accountability Reports, 2024-25 (for information)+

  6. Enrolment Report to the Ministry of Colleges and Universities: Audit, 2024-25 (for information)+

  7. Internal Audit Semi Annual Report for the period May 1 to October 31st, 2025 (for information)+

CLOSED CONSENT AGENDA
 

  1. Report of the Previous Meeting – Report Number 165 (September 17, 2025) (for approval)*
  2. Business Arising from the Report of the Previous Meeting
  3. Date of the Next Meeting: February 25, 2025, 4:00 p.m. – 6:00 p.m.
  1. Other Business

IN CAMERA SESSION
 

  1. Risk Dashboards (for information)+
  2. Risk Presentation (for information)+
  3. Internal Auditor: Private meeting
  4. Committee Members Alone

*Documentation is attached.
+Confidential documentation is attached for members only.