The role of the Audit Committee is to assist the Board of Trustees in fulfilling its duties related to governance and oversight as prescribed by Ontario Regulation 361/10 – September 2010. The Audit Committee meets three to four times per year to manage the following duties:

• Oversee the financial accounting and reporting practices and issues
• Oversee the Board’s system of internal controls
• Oversee the internal and external audit function 
• Oversee the Board’s system for monitoring compliance with legislative requirements 
• Oversee the Board’s risk management system