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Request for Decision

Status Report on Recommendations from the Shenandoah Group, LLP



Presented To: Audit Committee
Presented: Tuesday, Mar 01, 2016
Report Date: Tuesday, Feb 16, 2016
Type: Presentations



Signed By

Report Prepared By
Ron Foster
Auditor General
Digitally Signed Feb 16, 16

Auditor General
Ron Foster
Auditor General
Digitally Signed Feb 16, 16

Resolution

THAT the City of Greater Sudbury receives the report dated February 16, 2016 from the Auditor General's Office showing the status of the recommendations from the Shenandoah Group, LLP and that it supports the implementation plan for the recommendations.

Background

In 2013, James Key from the Shenandoah Group, LLP was engaged by staff to re-evaluate the audit approach and to enhance audit committee oversight of the audit activity in CGS.

Based on his interviews and review of relevant documents, Mr. Key observed that there was a significant opportunity to improve the value proposition of the internal audit process:

  • For citizens, by publishing audit reports with greater clarity on risks that map to the City’s strategic, operating, financial, and compliance risks and that include management responses;
  • For Council, and the Audit Committee in its oversight role;
  • For management, as it manages risks through a holistic enterprise risk management process; and
  • By the Office of the Auditor General, with a clearer focus on the reporting process and audit performance metrics.

To facilitate improvements to the value proposition for the audit activity, Mr. Key provided a number of recommendations which are shown within Attachment 1.

Implementation Plan for Recommendations
Most of the recommendations can be implemented in 2016. Implementation of Enterprise Risk Management (ERM) processes should be deferred until an audit is completed to assess the maturity of current processes.  Based on the results of that audit, appropriate training programs can be developed and delivered to ensure a successful implementation in 2017. Any revisions to the level of audit services provided by the Auditor General’s Office will also be deferred to 2017.

 

Financial Impact This resolution will have no impact on the Auditor General’s budget for 2016.  The potential impact for 2017 and future years will be assessed in Q4 of 2016 in concert with the Audit Committee, Chief Administrative Officer and Human Resources.