HomeMy WebLinkAboutFND-030-08Date: Monday December 1, 2008
Resolution #:~~
Report #: FND-030-08 File #: By-law #:
Subject: 2007 AUDIT MANAGEMENT LETTER COMMENTS
AND RECOMMENDATIONS
Recommendations:
It is respectfully recommended to Council the following:
1. THAT Confidential Report FND-030-08 be received for information; and
2. THAT the actions taken as identified in the attachment to this report be endorsed.
Submitted by: '/fit;
Nancy T
Director
NT/sc
Reviewed by:
r, .B. ., C.A., Franklin Wu,
Finance. Chief Administrative Officer.
REPORT NO.: FND-03008
PAGE 2
BACKGROUND:
1.0 As part of the annual audit process, the Municipality's auditors, Deloitte and
Touche, provide a management letter containing observations and
recommendations noted during the course of the audit, if any. The management
letter for the 2007 is attached, along with the responses provided by staff to the
items mentioned.
CONCLUSION:
2.0 The auditors provide the management letter as a tool to improve processes
within the municipality. No weaknesses or problems were identified that in any
way impacted the results of the audit or the opinion expressed by the auditor on
the municipality's financial statements. The municipality received a clear audit
report for 2007 and was commended by the auditors for the municipality's efforts
to improve the efficiency of the annual audit.
Attachment "A" -Management letter from Deloitte &Touche LLP
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STRE T, BOWMANVILLE, ONTARIO L1 C 3A6 T (905)623-3379 F (905)623-4169
Deloitte.
September 30, 2008
Private and ConSdential
The Audit Review Group
Corporation of the Municipality of Clarington
Municipal Offices
40 Temperance Street
Bowmanville ON L1C 3A6
Dear Audit Review Group members:
Attachment "A"
Deloitte & Touche LLP
5140 Yonge Street
Suite 1700
Toronto ON M2N 6L7
Canada
Tel: (416) 601-6150
Faz: (416) 6D1-6151
www.deloitte.ca
We have completed our examination of the consolidated financial statements of the Corporation of the
Municipality of Clarington for the year ended December 31, 2007. In addition to our audit report on the
financial statements, we would like to provide the attached management comments for your consideration.
These comments were reviewed with management.
As part of our examination, we reviewed the Municipality's systems and internal accounting controls to
the extent we considered necessary to make an evaluation of such systems and procedures in accordance
with Canadian generally accepted auditing standards. Under these standards, the fundamental purpose of
the evaluation is to establish a basis for reliance on the internal accounting controls in determining the
nature, extent, and timing of other auditing procedures which are necessary for the expression of an
opinion on the financial statements; it is not to determine whether internal controls are adequate for
management's purposes.
While the audit did not include an in-depth evaluation of all systems or all aspects of any individual
system, we undertake to report any internal control matters which come to our attention during the audit.
Our comments and recommendations are set out in the attached report.
We would be pleased to discuss our recommendations and provide any assistance you may wish in their
implementation.
We would also like to take this opportunity to thank management and staff for their excellent co-operation
and assistance throughout the audit.
Yours very truly,
~..¢~~: ~- ire. ~~P
Chartered Accountants
Licensed Public Accountants
Enclosure
CONFIDENTIAL REPORTS
✓ G PA
REPORT NO. FND-030-08
Attachment Only
Resolution#:
By-law#:
DATE OF REPORT: December 1 , 2008
Attachment Only — Management Letter
Comments