Mandate
Provides oversight of the audit process, system of internal controls and compliance with laws and regulations. The Committee also proposes the appointment of the auditors.
Members
Five members including:
- One Board member
- One Finance Committee member
We invite applications to fill two positions.
Qualifications
Financial literacy namely experience with or understanding of:
- Financial statements and accounting standards for large, not-for-profit organizations with complex accounting issues
- General application of accounting standards for estimates, accruals and reserves
- Internal control over financial reporting
- The audit committee‘s functions
- 2-year terms, should be staggered
Time Commitment
6 hours/year