S-5, r. 3 - Regulation respecting the financial management of institutions and regional councils

Section 9 Disposition versions

2012-09-01

9. Functions of the committee: The audit committee shall perform the following functions:

(1)  advise the board of directors with regard to the choice of an auditor for appointment under section 4;

(2)  examine the scope of the auditor’s work and, where necessary, of the work of those responsible for internal audit;

(3)  examine the results of the external and internal audits and ensure that any recommendations are acted upon;

(4)  make recommendations to the board of directors regarding the financial statements and the auditor’s report and, where necessary, the accounting procedures and any other audit report;

(5)  be at the disposal of the auditor and those responsible for internal audit and assist them during their operations; and

(6)  give its opinion to the board of directors respecting internal checks in the institution and, where necessary, the external and internal audit.

O.C. 1127-84, s. 9.