Audit & Finance Committee

Members

Dr. Cyril Moyse (Chair) College of Physicians and Surgeons of Prince Edward Island
Dr. Alewyn Vorster College of Physicians and Surgeons of Manitoba
Mr. Douglas Anderson College of Physicians and Surgeons of Ontario

 
Staff Coordinators

Ms. Kim MacDonald Manager, Member Services
Ms. Fleur-Ange Lefebvre Executive Director & CEO

 
Download the Terms of Reference document in PDF format.

Terms of Reference

Excerpted from the by-laws:

10.9.1  The Audit and Finance Committee shall consist of three (3) individuals who shall be the following:

10.9.1.1  The Chair shall be a Director of the Corporation.

10.9.1.2  One individual shall be a sitting medical regulatory authority Council / Board member.

10.9.1.3  One individual shall be a Chief Financial Officer of a Member.

10.9.2  The duties of the Audit and Finance Committee shall be prescribed by the Board and shall include the following:

10.9.2.1  Reviewing the annual audit plan in conjunction with the auditors.

10.9.2.2  Reviewing risk assessment and compliance with laws and internal policies applicable to the Corporation.

10.9.2.3  Preparing the draft budget of the Corporation for approval by the Board.

10.9.2.4  Reviewing the budget of the Corporation periodically and making recommendations for any adjustments.

10.9.2.5  Reviewing the financial statements of the Corporation in consultation with the Corporation’s auditor.

10.9.2.6  Considering and recommending to the Board the reappointment or appointment of auditors.

10.9.2.7  Considering qualification for membership on the Audit and Finance Committee.

10.9.2.8  Reviewing and updating the financial policies of the Corporation.

10.9.3  The Audit and Finance Committee shall meet with the auditors at least once per fiscal year or as may be required either by a request of the Committee or the auditors.

10.9.4  All members of the Audit and Finance Committee shall have relevant experience or expertise required by FMRAC. Each member of the Audit and Finance Committee should have familiarity with financial matters; audits; fiscal issues and general banking. No member of the Audit and Finance Committee may be related to another member of such Committee.