TOWN OF
PURPOSE
The Auditor General assists Council in holding itself and its administrators accountable for the quality of stewardship over public funds and for the achievement of value for money in operations.
The Auditor General office is an independent, objective assurance activity designed to add value and improve municipal operations. The audit process assists a municipality to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the risk management, control and governance processes by carrying out financial control audits (excluding attestation on financial statements, which is the purview of the appointed External Auditors), compliance audits, and performance audits focused on effectiveness and efficiency of processes, programs, departments.
AUTHORITY
Section 223.19 of the Ontario Municipal Act authorizes municipalities to appoint an Auditor General. The mandate for the Auditor General's Office is approved by Council through General Committee.
The Auditor General has the authority to:
RESPONSIBILITIES
Section 223.20 of the Ontario Municipal Act states that the “municipality, its local boards and the municipally-controlled corporations and grant recipients shall give the Auditor General such information regarding their powers, duties, activities, organization, financial transactions and methods of business as the Auditor General believes to be necessary to perform her duties”.
Council and its administrators
have a responsibility to inform the Auditor General of significant
developments, events, and changes in strategies and operating plans for the
Town of
The Auditor General is accountable for developing and delivering a programme of audit work aimed at assisting Council in holding itself and its administrators accountable for the quality of stewardship over public funds and for the achievement of value for money in operations.
Duties include:
SCOPE
The Auditor General is responsible for evaluating all programs and activities of all Town departments, commissions, agencies, boards, municipally- controlled corporations, grant recipients and the offices of the Mayor and members of Council. Boards and municipally-controlled corporations included in scope are defined as those where the Town holds more than 50 % of the shares or appoints more than 50 % of the members of the Board.
At the request of Council, the Auditor General may conduct compliance, performance, or financial audits of autonomous organizations that have an agreement with the Town that contains provisions for audit by the Town.
The Auditor General reports to Council through General Committee and is independent of the Town administration. The Auditor General must be independent from management at all times in order to be effective in executing her work freely and objectively.
The Auditor General shall:
The appointment of a person to
the position of Auditor General may be made, suspended, or revoked only by a
simple majority vote of Council;
The Auditor General’s audit plan is approved by
Council and no deletions or amendments to the plan shall be made except by
the Auditor General, other than Council may add to the audit plan by a
simple majority vote of Council.
QUALITY ASSURANCE AND
IMPROVEMENT PROGRAM
The Auditor General shall develop and maintain a quality
assurance and improvement program in accordance with professional
standards. The program includes internal
measurements using key performance indicators reported on semi-annually and
external assessment at least every 5 years.
STANDARDS OF AUDIT PRACTICE
The Auditor General and staff working under her direction will comply with the Standards for the Professional Practice of Internal Auditing of The Institute of Internal Auditors (IIA).
GLOSSERY OF TERMS
ACTIVITIES |
As applied in the audit scope, refers to support processes such as accounts payable, payroll, information security, human resources and any other functions undertaken. |
COMPLIANCE AUDIT |
An audit focused on adherence to laws, regulations and an organization’s policy and procedures. |
CONTROL |
Control comprises those elements of an organization (including the resources, systems, processes, culture, structure and tasks) that taken together, support people in the achievement of the organization’s objectives |
EFFECTIVE |
Achieves the stated intended outcomes, goals, objectives |
EFFICIENCY |
Achieves effectiveness without wasting effort, energy, or money |
FINANCIAL AUDIT |
An audit focused on controls that ensure financial information is accurate, complete and safeguarded. |
GOVERNANCE |
The processes and structures used to direct and manage the business and affairs of an organization. |
INDEPENDENT |
|
municipally-controlled
corporations |
Where the Town holds more than 50 % of the shares. |
OBJECTIVITY |
Is an independent mental attitude that requires activities to be done in such a manner that the person has an honest belief in their work product. Objectivity requires auditors not to subordinate their judgement on audit matters to that of others. |
PERFORMANCE AUDIT |
An audit focused on efficiency and effectiveness of the particular activity in acquiring, protecting, and using its resources to achieve desired results. |
PROGRAMS |
As applied in the audit scope,
refers to group of activities to deliver municipal services to the public. |
RISK |
Risk is the uncertainty that surrounds future events and outcomes; it is the possibility of experiencing adverse consequences as a result of choices and actions |
RISK MANAGEMENT |
The processes by which organizations identify, evaluate, and respond to risk. |