Folder Audit Committee
The Audit Committee's primary purpose is to advise the Council on all matters relating to audit and finance. Committee objectives include fulfilling the requirements outlined in Section 44 of the Municipal Government Act; and assisting Council in meeting its oversight responsibilities by ensuring the adequacy and effectiveness of financial reports, risk management and internal controls.
Responsibilities:
- Review Financial Statements: Conduct a detailed analysis of the Town’s financial statements with the Town Auditor.
- Evaluate Internal Controls: Assess internal control systems and review audit findings with the Auditor.
- Monitor Audit Quality: Oversee the conduct of the audit and investigate any issues that arise.
- Support Fiscal Responsibility: Offer insights and recommendations that promote transparency and accountability in Town finances.
Membership:
Committee members are all Council members and at least one resident appointed by Council. Appointments are for two-year terms.
Commitment:
The Audit Committee meets twice a year. More meetings may be called if necessary.
Staff contact:
Kayla Byrne, Municipal Clerk
This email address is being protected from spambots. You need JavaScript enabled to view it. or 902-634-4410 x 240