Summary: September 2011
Audit and Risk Management Committee
Four independent members of the Board (i.e., no Board member who is also an employee of the
Provost and Vice-President (Academic)
Executive Director, University Governance (University Secretary)
Associate Vice-President (Finance)
The major role of the Audit and Risk Management Committee is to monitor strategic and
financial results, to provide oversight on risk management, and to advise the Board accordingly.
1. Receive and review: the Auditor's audit plans prior to the annual audit; the draft annual
audited financial statements; the contents of management letters and other reports from the
Auditor; and any report of management that accompanies published financial statements; and
to report on these matters to the Board.
2. The Committee will meet in camera with the Auditor for a part of any meeting considering
audited financial statements and reports from the Auditor.