Executive Council Office

Audit Committee

  • Responsible for approving the annual internal audit plan;
  • Sets the objectives and priorities for audit services and activities; and
  • Has sole authority to direct the conduct of internal audits and investigations.

 

Purpose

The Audit Committee's purpose is to enhance accountability and controllership in the Yukon public service and ensure government risks are being appropriately addressed through a strong control environment. The Audit Committee also serves to promote an effective and independent internal audit function that meets corporate and department needs.

Responsibilities

Each year the Audit Committee sets the objectives and priorities for audit services and activities. It is responsible for approving the annual internal audit plan for audit services, and determining remedial action to be taken in response to any audit, report, or other matter. The Audit Committee is charged with the responsibility of evaluating the effectiveness of internal audit services and activities.

Composition

The Audit Committee is comprised of six voting members: the Deputy Minister of the Executive Council Office (Chair); the Deputy Minister of the Department of Finance (Vice-chair); and four other Deputy Heads who serve as members at large.

Meetings

The Audit Committee meets at least quarterly. Annually, the Audit Committee is required to report to Management Board on its activities and how it achieved its objectives.