AGENDA AUDIT COMMITTEEThursday, January 28, 2021 at 9:30 A.m. - 12:30 P.m.IN THE COUNCIL CHAMBERMembers PresentCouncillor E. Woolley, ChairCouncillor J. Farkas, Vice-ChairCouncillor D. Colley-UrquhartCouncillor J. DavisonCitizen Representative L. CaltagironeCitizen Representative K. KimCitizen Representative M. LambertMayor N. Nenshi, Ex-OfficioSPECIAL NOTES: Public are encouraged to follow Council and Committee meetings using the live stream www.calgary.ca/watchlive Members may be participating remotely.1.CALL TO ORDER 2.OPENING REMARKS 3.CONFIRMATION OF AGENDA 4.CONFIRMATION OF MINUTES 4.1Minutes of the Regular Meeting of the Audit Committee, 2020 November 19 1.Unconfirmed Minutes - Audit Committee, 2020 November 19.pdf5.CONSENT AGENDA 5.1DEFERRALS AND PROCEDURAL REQUESTS None5.2BRIEFINGS None6.POSTPONED REPORTS (including related/supplemental reports) None7.ITEMS FROM OFFICERS, ADMINISTRATION AND COMMITTEES 7.1Annual Principal Corporate Risk Report - AC2021-0037 1.Annual Principal Corporate Risk Report - AC2021-0037.pdf2.Attach 1 - Previous Council Direction, Background - AC2021-0037.pdf3.Attach 2 - The City of Calgary's Principal Corporate Risks - AC2021-0037.pdf4.Attach 3 - The City's Risk Profile at Year-end 2020 - AC2021-0037.pdf5.Attach 4 - Risk Awareness - Change Management Approach - AC2021-0037.pdf6.Attach 5 - Advancing Risk Management - AC2021-0037.pdf7.2External Auditor 2019 Management Letter Update - AC2021-0043 1.External Auditor 2019 Management Letter Update - AC2021-0043.pdf2.Attach 2019 Management Letter Update AC2021-0043.pdf7.3Shareholder Alignment Review of Wholly-Owned Subsidiaries Update - AC2021-0042 1.Shareholder Alignment Review of Wholly-Owned Subsidiaries Update - AC2021-0042.pdf2.Attach 1 AC2021-0042 TOR - WG on Shareholder Alignment Review of WOS.pdf3.Attach 3 AC2021-0042 Motion Shareholder Alignment Review on WOS.pdfAttachment 2 held confidential pursuant to Section 24 (Advice from officials) of the Freedom of Information and Protection of Privacy Act. Review By: 2021 March 17.4City Auditor's Office 4th Quarter 2020 Report - AC2021-0132 1.City Auditor's Office 4th Quarter 2020 Report - AC2021-0132.pdf2.City Auditor’s Office 4th Quarter 2020 Report - AC2021-0132 ATT.pdf7.5Control Environment Assessment Report Redesign Update (Verbal) - AC2021-0139 7.6Off-Site Levies Update (Verbal) - AC2021-0151 8.ITEMS DIRECTLY TO COMMITTEE 8.1REFERRED REPORTS None8.2NOTICE(S) OF MOTION None9.URGENT BUSINESS 10.CONFIDENTIAL ITEMS 10.1ITEMS FROM OFFICERS, ADMINISTRATION AND COMMITTEES 10.1.1External Auditor - Provision of Additional Services for 2020 External Audit, AC2021-0144 Report, Attachment and Recommendations held confidential pursuant to Sections 24 (Advice from officials) and 26 (Testing procedures, tests and audits) of the Freedom of Information and Protection of Privacy Act Review By: 2021 April 2010.1.2Audit Forum (Verbal) - AC2021-0159 Held confidential pursuant to Section 24 (Advice from officials) and 25 (Disclosure harmful to economic and other interests of a public body) of the Freedom of Information and Protection of Privacy Act.10.1.3External Auditor (Verbal) - AC2021-0160 Held confidential pursuant to Section 24 (Advice from officials) of the Freedom of Information and Protection of Privacy Act.10.1.4City Auditor (Verbal) - AC2021-0161 Held confidential pursuant to Section 24 (Advice from officials) of the Freedom of Information and Protection of Privacy Act.10.2URGENT BUSINESS 11.ADJOURNMENT No Item Selected This item has no attachments1.Unconfirmed Minutes - Audit Committee, 2020 November 19.pdf1.City Auditor's Office 4th Quarter 2020 Report - AC2021-0132.pdf2.City Auditor’s Office 4th Quarter 2020 Report - AC2021-0132 ATT.pdf1.External Auditor 2019 Management Letter Update - AC2021-0043.pdf2.Attach 2019 Management Letter Update AC2021-0043.pdf1.Shareholder Alignment Review of Wholly-Owned Subsidiaries Update - AC2021-0042.pdf2.Attach 1 AC2021-0042 TOR - WG on Shareholder Alignment Review of WOS.pdf3.Attach 3 AC2021-0042 Motion Shareholder Alignment Review on WOS.pdf1.Annual Principal Corporate Risk Report - AC2021-0037.pdf2.Attach 1 - Previous Council Direction, Background - AC2021-0037.pdf3.Attach 2 - The City of Calgary's Principal Corporate Risks - AC2021-0037.pdf4.Attach 3 - The City's Risk Profile at Year-end 2020 - AC2021-0037.pdf5.Attach 4 - Risk Awareness - Change Management Approach - AC2021-0037.pdf6.Attach 5 - Advancing Risk Management - AC2021-0037.pdf