Audit Committee
The Audit Committee assists Council with its oversight responsibility. The Committee monitors the financial health of APEGA and helps mitigate risk.
The Audit Committee has a minimum of six positions that includes:
- one public member with accredited financial training and/or relevant financial professional experience; if no public member is available, an expert will be consulted, as required
- at least three Council Members with financial literacy through accredited training and/or relevant professional experience
- non-voting staff advisors, appointed by the Registrar & CEO; unless directed otherwise by the Registrar & CEO, this will be the Chief Financial & Corporate Officer (CFCO)
Duties
- Review quarterly financial statements
- Review annual financial statements, pensions, and investments
- Review and make recommendations on:
- risk management activities
- internal control policies and practices
- Review and recommend to Council the annual budget
- Work with the external auditor and discuss recommendations with APEGA management