Minutes City Council Monday, January 20, 2020

CITY OF WINDSOR

AUDITOR GENERAL CHARTER

• Evaluate the means of safeguarding assets and. as appropriate, verify the existence of such assets.

• Evaluate the effectiveness and efficiency with which resources are employed.

   

• Evaluate operations or programs to ascertain whether results are consistent with established objectives and goals.

• Evaluate and report on risk management processes. significant risk exposures and control issues.

• Consider fraud risks during the planning of audits. alertness to process de•ciencies or other red flags which indicate the possibility that fraud could or has occurred, the determination of whether further action is required, and the recommendation of investigations where appropriate.

• Assist as appropriate in the investigation of suspected fraudulent activities within the organization and notify management (where appropriate) and Council through the 0880 of the results.

• Issue periodic reports summarizing results of audit activities to the Executive Leadership Team and through the 0880 for approval by Council.

• Keep 0830 and Council informed of emerging trends and successful practices in internal auditing.

• Provide audit measurement goals and results to City Council through the 0880.

• Coordinate its plans and efforts with those of the external auditors to avoid duplication of audit effort and to optimize audit coverage.

• In discharging its responsibilities or at the request of management. as appropriate, provide advice to management that add value and improves an organization's governance, risk management. and control processes without the AG assuming management responsibility.

• Execute a quality assurance and improvement program to ensure the effective operation of audit activities and annually report the results of the program to the GAO, or designate and Council through the 0380.

INDEPENDENCE AND OBJECTIVITY

The AG is required to perform his or her responsibilities in an independent manner. He or she is required to be objective in accordance with professional standards.

In order to ensure the maintenance of its independence and objectivity, the AG will remain free from interference by any element in the City of Windsor, including matters of audit scope. procedures, frequency, timing. or report content.

To provide for the organizational independence of the audit function. the AG will report functionally to the C880 with administrative coordination provided by the GAO or designate, to support the AG role.

The Corporation of the City of Windsor