Audit Committee

The Audit Committee helps Council maintain financial accountability for the municipality. This includes reviewing the Town's budget and finances.

Membership

The Audit Committee consists of five appointed members of Council.

Meetings and minutes

The Committee meets annually to provide financial recommendations to Council. Review the meeting schedule, agendas and minutes for more information.

Calendar of the Audit Committee

Roles and responsibilities

This committee works with Town staff to:

  • Ensure that corporate financial reporting and annual financial statements are credible, objective and meet all legislative requirements
  • Ensure the best practices and controls are developed and implemented
  • Create better communication between Council and the external auditors
  • Provide advice and recommendations about the financial control framework including financial reporting, accounting policies, information systems integrity, approval processes and the safeguard or assets
  • Provide recommendations for the appointment of the External Auditor and the scope and timing of the audit
  • Prepare an annual report of the previous year's audit for council review