Audit Committee

 The Vital Role of the Audit Committee

 The Vital Role of the Audit Committee

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.

Members of the Audit Committee

• Brian Coburn, CPA, CMA (Audit Committee Chairperson).
• Sandra Moore (Trustee, Ottawa Catholic School Board).
• Michel Collette, CPA, CMA, CIA, CGAP, CFE (External Member).
• Scott Phelan (Trustee, Ottawa Catholic School Board).
• Matthew Stephen, CPA, CA, CIA, CISA (External Member).

Committee Resources

• Doreen Hume, CPA, CA (External Audit Partner, Deloitte LLP).
• Genevieve Segu, CPA, CMA, CIA, CRMA, CISA (Regional Internal Audit Manager).
• Lisa Schimmens, CPA, CA (Superintendent of Finance & Administration, Ottawa Catholic Schools).