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Audit Committee

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This Committee oversees the financial reporting process on behalf of City Council and the public.  The Committee is comprised of six members ordinarily residing in the City of Yellowknife, including a Member of Council, an accountant, a lawyer, a professional engineer, and a member of the community with considerable experience in the operation and management of a large entity.  The Mayor also sits as an ex officio voting member of the committee.

The Audit Committee meets at least four times per year, including a meeting with the City's auditors at least twice per year without City management being present.  Duties of the Committee include:

  • recommending internal and external auditors for appointment by City Council;
  • reviewing with City management any internal or external auditor issues concerning the financial reporting process;
  • providing regular reports of Audit Committee activities to Council;
  • preparing a letter to be included in the City's annual financial statements that describes the Audit Committee's activities and responsibilities; and
  • performing other activities, if any, that Council or the Committee deems necessary.

The Audit Committee By-law provide more information on this committee.

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