Audit Committee

The mandate of the Audit Committee is to assist the board in fulfilling its oversight and accountability in risk management and internal control systems, financial and management reporting processes, internal and external audit performance, environmental management performance, conflict of interest and code of conduct effectiveness.

Audit Committee Charter

The Audit Committee is appointed by the Board of Directors to assist the board in fulfilling its responsibilities for oversight and accountability. The Audit Committee's mandate is to:

Ensure risk management and internal control systems are in place, and monitor their effective operation.

Monitor the quality and integrity of the Association's financial and management reporting processes.

Provide an avenue of communication among the external auditors, management, the internal audit department, members and the Board of Directors.

Monitor the independence and performance of the external auditor and the internal auditing department.

Ensure that the environmental management policy and systems are in place and monitor compliance with legislation.

Ensure that a code of conduct and conflict of interest guidelines are in place and monitor their operating effectiveness.