The Audit, Finance and Risk Committee oversees the reliability and integrity of the accounting principles, practices, processes and procedures used by the Corporation in its financial reporting. It monitors the effectiveness of the corporation’s internal controls and enterprise-wide risk management framework. The Committee reviews the Corporation’s financial performance and oversees the work of the Corporation’s independent auditor. It reviews the integrity of the Corporation’s audited annual financial statements with the independent auditor and recommends them to the Board for approval. It also ensures sufficient insurance coverage and monitors Corporation’s compliance with funding agreements and relevant legislation and regulations.
This committee’s Terms of Reference were approved on November 23, 2021.