TORONTO – Today, the Co-Chairs of Pride Toronto’s Board of Directors announced that the organization has launched an internal organizational audit of grant management policies, processes, and practices, as a result of issues raised by several sources.
“The Board of Directors takes its fiduciary responsibilities very seriously, and is prioritizing financial accountability at Pride Toronto through this audit,” said Grant Gonzales and Yuri Hernandez, Co-Chairs, Pride Toronto.
KPMG has been selected as the third-party, independent auditor. The purpose of the audit is to conduct a comprehensive audit of internal financial operations and external reporting with respect to grant management to identify any potential exposure to risks, and address any policy or process gaps.
The Board of Directors anticipates that the audit will conclude within the next three months and is prepared to act expeditiously to implement the recommendations.
“Pride Toronto plays a critical role in Toronto’s 2SLGBTQ+ community and will always take great care to address any issues raised about the operations of the organization. The Board and staff leadership are working in collaboration to launch this audit and we are determined to strengthen our financial policies and processes,” concluded Gonzales and Hernandez.
About Pride Toronto
Pride Toronto is a not-for-profit organization with a mission to bring people together to celebrate the history, courage, and diversity of the 2SLGBTQ+ communities. Uniting and empowering people with diverse sexual orientations, gender identities, and gender expressions, the annual Pride Toronto Festival has become a major Canadian Arts and Cultural Event and the largest Pride celebration in North America. Pride showcases Toronto on the world stage with diversity, inclusion and vibrant creativity. Please visit pridetoronto.com and follow @PrideToronto on Facebook, Twitter, and Instagram for updates and more information.