sec.30Audit committees

sec.30 Audit committees

A department’s accountable officer must, and a statutory body may, establish an audit committee for the department or statutory body. If an audit committee is established, the accountable officer or statutory body must prepare terms of reference for the committee. In establishing an audit committee, the accountable officer or statutory body must have regard to the audit committee guidelines document. The audit committee for a statutory body must include members of the statutory body or, if the statutory body has a governing body, members of the governing body. The audit committee for a department or statutory body must, as soon as practicable after the end of each financial year, give the department’s accountable officer or the statutory body a report about the committee’s operations for the year. (sec.30-ssec.1) A department’s accountable officer must, and a statutory body may, establish an audit committee for the department or statutory body. (sec.30-ssec.2) If an audit committee is established, the accountable officer or statutory body must prepare terms of reference for the committee. (sec.30-ssec.3) In establishing an audit committee, the accountable officer or statutory body must have regard to the audit committee guidelines document. (sec.30-ssec.4) The audit committee for a statutory body must include members of the statutory body or, if the statutory body has a governing body, members of the governing body. (sec.30-ssec.5) The audit committee for a department or statutory body must, as soon as practicable after the end of each financial year, give the department’s accountable officer or the statutory body a report about the committee’s operations for the year.