The city recently uploaded its financial statements to its website, but auditor KPMG says it never finished the audit.
In financial statements quietly uploaded to Chestermere’s website, municipal officials say KPMG — one of the so-called— conducted the annual audit of the city’s financials, and council approved the statements in November 2022. However, KPMG says it never finished the audit, having been forced to resign before it could do so.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.
The financial package is dated Dec. 7, 2022, six days after KPMG’s resignation. In its Dec. 1, 2022 resignation letter, also obtained by Postmedia, KPMG said it was required to resign due to a breakdown in its relationship with the city and the impairment of its independence in the audit “by virtue of a repeated threat of litigation against KPMG by the city.”
“If any parties were so advised, then written confirmation from the City that those parties have been contacted, in writing, and instructed to return any copies of the City’s financial statements that contain our unsigned Independent Auditors’ Report,” reads the letter.Municipal Affairs officials have previously told Postmedia that grant funding — such as the Municipal Sustainability Initiative, from which Chestermere was slated to receive $2.
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