The Audit, Finance and Risk Committee oversees the accounting principles and practices used by the Corporation, including its financial statements and other financial reporting. It recommends to the Board approval of the audited financial statements, reviews the Corporation’s financial performance and oversees the independent auditor’s performance. The Committee monitors matters such as the Corporation’s internal controls, policies and procedures, ensures sufficient insurance coverage and oversees enterprise-wide risk management. Finally, it monitors compliance with funding agreements and relevant legislation.
This committee’s Terms of Reference were approved on November 23, 2021.