Audit Committee

Print
Press Enter to show all options, press Tab go to next option

Town of Taber Audit Committee Policy C-5

Town of Taber Audit Committee Procedure C-5

The Audit Committee is responsible for providing oversight and consideration of audit matters.

On March 11, 2013, Council, by resolution, decided to decrease membership of the Audit Committee to three (3) members of Council.

Internal Controls and Corporate Governance

The Audit Committee's role is to provide assurance to Council that the Town's key strategic business risk areas, systems of internal controls, and financial reporting processes and policies are functioning properly primarily through monitoring management reports and the work and reporting of the external auditor.

The Audit Committee's role is to provide assurance to Council that the Town's operations are in compliance with pertinent laws and regulations, Town business affairs are conducted ethically, and Administration maintains effective controls against employee conflict of interest or fraud primarily through monitoring management reports and the work of the external auditor.

The Audit Committee's role is to provide Council with assurance that Council Member's Town activities and affairs are conducted without conflict of interest or fraud primarily through the work of the external auditor.

The primary responsibility for implementing and maintaining systems of internal controls lies with the Administration. Administration is also responsible with ensuring the Town is in compliance with pertinent laws and regulations, conducts their affairs ethically, and maintains effective controls against employee conflict of interest or fraud.

Current Members of the Audit Committee:

  • Mayor Andrew Prokop
  • Councillor Joe Strojwas
  • Councillor Louie Tams

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Flash Player Windows Media Player Microsoft Silverlight Word Viewer Excel Viewer PowerPoint Viewer