Establishment of Audit and Finance Committee

WHEREAS the City of Regina had not had a formal Internal Auditor for approximately 25 years until the appointment of Mr. Dhinakar Viswanathan as Internal Auditor in Q3 2021;

WHEREAS Administration is developing an Internal Audit Charter defining the role, responsibility and mandate of the Internal Audit function for review and approval by City Council;

WHEREAS the appointment of the Internal Auditor has resulted in a reconsideration of the decision to dis-establish the Finance and Administration Committee in December 2020; and

WHEREAS it is best practice to have the Internal Auditor report to an Audit and Finance Committee of Council;

THEREFORE BE IT RESOLVED that City Council direct Administration to prepare a report for consideration at its meeting on February 22, 2023 outlining the required steps and implications respecting:

1.      The establishment of an Audit and Finance Committee including a proposed Terms of Reference; and

2.      Any necessary amendments to The Committee Bylaw, Bylaw No. 2009,40, The Procedure Bylaw, Bylaw No. 9004, The Regina Administration Bylaw, Bylaw No. 2003-69 and/or other related bylaws.

Respectfully submitted,