Board, Committee, or Commission
Audit Committee
The Audit and Finance Standing Committee shall meet at least twice in each fiscal year as an Audit Committee.
Overview:
The purpose of the Audit Committee is to provide advice to Regional Council on matters relating to audit. This includes a detailed review of the financial statements of the Municipality with the Auditor, and an evaluation of internal control systems. Furthermore, the Committee reviews the conduct and adequacy of audits and that may lead to investigations. The Committee also handles any other matters as may be determined by the Council.
The Terms of Reference for the Committee has been established by Halifax Regional Council in accordance with Administrative Order One.
Objectives/Functions:
1. A detailed review of the financial statements of the Municipality with the external Auditor;
2. An evaluation of internal control systems;
3. Review the conduct and adequacy of audits and that may lead to investigations.
Membership: Eight (8) members as follows:
• Six (6) members of Council
• Up to two (2) community members with an accounting designation and experience working with or in the public sector
Position(s) Available:
• Two (2) community members with an accounting designation and experience working with or in the public sector.