Internal Audit reports functionally to the Audit Committee and administratively to the Chief Administrative Officer (CAO) ensuring independence and accountability. The Audit Committee (a Committee of Council) enables Council to fulfill its oversight and stewardship responsibilities.
*Based on the Global Internal Audit Standards, Standard 7.1 Organizational Independence and City of Brampton's Internal Audit Charter.
Objectives of the Audit Committee
The objective of the Audit Committee is to enhance Council's understanding of financial and control reporting both internally (as provided by the City's Internal Audit Division) and statutorily (as provided by the City's Auditors). The Audit Committee enables Council to fulfill its oversight and stewardship responsibilities. It also provides a focal point for improved communication between Council, the Internal and Statutory Auditors, and Management. The Audit Committee strengthens the impartial, objective and independent review of management practices through the internal and statutory audit functions.
In particular, the Audit Committee’s objectives are to:
- demonstrate a higher level of public accountability
- provide additional assurance to the public that City services are administered in an effective, efficient and economical manner
- ensure compliance with legislation for public reporting
- ensure compliance with Corporate policies and procedures
- ensure the safeguarding of City assets
- ensure impartial, objective and independent review of processes for City operations
Refer to By-law 163-2024 for Audit Committee Terms of Reference.
