Audit Committee
Agenda

AC:053A

Monday, June 22, 2020

4:00 P.m. - 5:00 P.m.

Electronic Meeting

Trustee Members

• James Li (Chair),
• Michelle Aarts,
• Christopher Mammoliti,
• and Robin Pilkey

External Members

• Mark Hughes,
• Ian MacKay,
• and Mary Preece

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1.

Call to Order and Acknowledgement of Traditional Lands

2.

Approval of the Agenda

3.

Declarations of Possible Conflict of Interest

4.

Approval of Meeting Minutes of December 9, 2019

5.

Delegations

To be presented

6.

External Audit

6.1

2020 External Audit Service Plan Update [3909]

7.

Enterprise Risk Management Initiative

7.1

Enterprise Risk Management (ERM) Initiative Status Update [3911]

8.

TDSB Internal Audit

8.1

Department and Engagement Status Update [3912]

9.

Regional Internal Audit Team

9.1

RIAT – Engagement Status Update [3902]

10.

For Information Only

10.1

Accountants Report – March 31, 2020 [3908]

10.2

Audit Committee O. Reg 361/10 Requirements – Work Tracker [3913]

11.

Private Matters

11.1

Separate Document (AC:053B)

12.

Adjournment

Committee Mandate

(i) To consider and make recommendations to the Board on finance matters, including procurement and contract awards, referred to it for consideration.
(ii) To review the impact of enrolment and policy change on the Board’s budget, including reviewing the impact of enrolment trends, and marketing strategies to bolster enrolment in declining areas of the city; and
(iii) To consider strategies to balance the capital and operating budget over a multi-year period, and to make recommendations to the Board to balance the annual capital and operating budget.