Minutes City Council Monday, January 20, 2020

CITY OF WINDSOR

AUDITOR GENERAL CHARTER

PURPOSE

The purpose of the AG is to provide independent, objective assurance and advice designed to add value and improve the City of Windsor's operations. Independence is mandated by the Act and carried out in accordance with professional standards. The AG will collaborate with the City of VVlndsor management and help the City of Windsor accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management. and control processes.

In addition to these primary services. the AG shall provide guidance to improve the effectiveness of controls, examine suspected fraudulent or irregular activities. and provide advisory services to assist with the improvement of operational activities.

SCOPE

The scope of the AG is defined annually through the approved Audit Plan (“Audit Plan") and includes all audit activities to assist management in determining whether the City of windsor's network of governance, risk management, and control processes, are adequate and functioning in a manner to ensure:

• Risks are appropriately identified and managed.

• Interaction with the various governance groups occurs as needed.

• Significant financial, managerial, and operating information is accurate, reliable, and timely.

• Employees' actions are in compliance with policies. standards. procedures, and applicable laws and regulations.

• Interactions and arrangements with third parties, including external parties, are in compliance with policies. standards, procedures, and applicable laws and regulations.

• Resources and assets are acquired economically, used efficiently, and adequately safeguarded.

• Operations and initiatives are concluded to deliver results that are consistent with established objectives and goals.

• Quality and continuous improvement are fostered in the City of Windsor's control process.

• Legislative or regulatory compliance issues impeding the City of Windsor are recognized and addressed appropriately.

Opportunities for improving management control, financial and operating results and the City of Windsor's structure or performance may be identified during audits. To fulfill its objective of adding value and improving the City of Windsor's operations, the AG will validate audit findings and recommendations with the appropriate level of management and obtain management responses and action plans to include in audit reports.

The Corporation of the City of Windsor