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6. ERNST & YOUNG LLP 2006
management letter AND 2007
AUDIT PLAN Lettre de recommandations de 2006 ET PLAN DE
VÉRIFICATION DE 2007 |
Committee Recommendation
That Council receive the attached
reports from Ernst & Young LLP for information.
Recommandation du comité
Que le Conseil municipal prenne
connaissance des rapports de Ernst & Young LLP ci-joints.
Documentation
1. City Treasurer's report dated 6 November
2007 (ACS2007-CMR-FIN-0030).
Report to/Rapport au :
Corporate Services and Economic Development Committee
Comité des services organisationnels et du développement économique
and Council / et au Conseil
6 November 2007 / le 6 novembre 2007
Submitted by/Soumis par : Marian Simulik, City Treasurer/trésorière
municipale
Contact Person/Personne ressource : Wayne Martin,
Manager, Accounting and Financial Reporting/Gestionnaire, Vérification et
rapports
Financial Services/Services financiers
(613) 580-2424 x25183, Wayne.Martin@ottawa.ca
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Ref N° :
ACS2007-CMR-FIN-0030 |
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SUBJECT: |
ERNST & YOUNG LLP 2006 management letter
AND 2007 AUDIT PLAN |
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OBJET
: |
Lettre de recommandations
de 2006 ET PLAN DE VÉRIFICATION DE 2007
de Ernst & Young LLP |
REPORT RECOMMENDATION
That
the Corporate Services and Economic Development Committee and Council receive
the attached reports from Ernst & Young LLP for information.
RECOMMANDATION DU RAPPORT
Que le Comité des
services organisationnels et du développement économique ainsi que le Conseil
municipal prennent connaissance des rapports de Ernst & Young LLP
ci-joints.
BACKGROUND
On September 13, 2006, Ernst & Young LLP was appointed as the
external auditors of the City of Ottawa for the five year term ending December
31, 2010. As part of the 2006 audit,
Ernst & Young LLP is providing its Management letter identifying areas
where financial management and internal controls can be strengthened. The attached memorandum of observations and
recommendations from Ernst & Young LLP includes responses from City
Management.
In addition, as part of the 2007 audit, Ernst & Young LLP is also
providing a planning memo for the information of Corporate Services and
Economic Development Committee and Council that outlines the scope and key
issues affecting the audit.
CONSULTATION
No public consultation was required.
FINANCIAL IMPLICATIONS
Fees are fixed as part of a five-year contract.
Not
applicable
SUPPORTING DOCUMENTATION
Attachment 1 - Ernst & Young LLP 2006
Management Letter
Attachment 2 - Ernst & Young LLP 2007 Audit
Plan
Attachment 3 – Appendix to Ernst & Young LLP
2007 Audit Plan
DISPOSITION
Management will take appropriate action as described.