C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 13.8 Disposition versions

2022-06-03

13.8. The functions of the audit committee include

(1)  seeing that internal control mechanisms are put in place and ensuring that they are sufficient and effective;

(2)  (paragraph repealed);

(3)  making sure that a plan for the optimal utilization of the Fund’s resources is put in place, and following up on that process;

(4)  (paragraph repealed);

(5)  hearing the internal auditor on the application of paragraphs 1 and 3;

(6)  reviewing any activity likely to be detrimental to the Fund’s financial health that is brought to its attention by the auditor or an officer;

(7)  approving the internal audit plan;

(8)  examining the financial statements with the Auditor General and the external auditor appointed by the Government;

(9)  submitting the financial statements to the board of directors and recommending their approval.

2004, c. 33, s. 11; 2006, c. 59, s. 140; 2022, c. 19, s. 86.

2006-12-14

13.8. The functions of the audit committee include

(1)  seeing that internal control mechanisms are put in place and ensuring that they are sufficient and effective;

(2)  ensuring that a risk management process is put in place;

(3)  making sure that a plan for the optimal utilization of the Fund’s resources is put in place, and following up on that process;

(4)  (paragraph repealed);

(5)  hearing the internal auditor on the application of paragraphs 1 to 3;

(6)  reviewing any activity likely to be detrimental to the Fund’s financial health that is brought to its attention by the auditor or an officer;

(7)  approving the internal audit plan;

(8)  examining the financial statements with the Auditor General and the external auditor appointed by the Government;

(9)  submitting the financial statements to the board of directors and recommending their approval.

2004, c. 33, s. 11; 2006, c. 59, s. 140.

2005-01-15

13.8. The functions of the audit committee include

(1)  seeing that internal control mechanisms are put in place and ensuring that they are sufficient and effective;

(2)  ensuring that a risk management process is put in place;

(3)  monitoring the quality and functioning of the systems and processes put in place by the Fund and its wholly-owned subsidiaries to ensure that resources are acquired and utilized with appropriate emphasis on the economy, efficiency and effectiveness of these resources, and ensuring that a plan is prepared for that purpose;

(4)  following up its recommendations and the implementation of measures taken under paragraph 3;

(5)  hearing the internal auditor on the application of paragraphs 1 to 4;

(6)  reviewing any activity likely to be detrimental to the Fund’s financial health that is brought to its attention by the auditor or an officer;

(7)  approving the internal audit plan;

(8)  examining the financial statements with the Auditor General;

(9)  submitting the financial statements to the board of directors and recommending their approval.

2004, c. 33, s. 11.