Subseries 5 - Records of the Audit Committee

Title and statement of responsibility area

Title proper

Records of the Audit Committee

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    Subseries

    Reference code

    CA ON00357 2000-13-5

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    Edition statement

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    Statement of scale (cartographic)

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    Issuing jurisdiction and denomination (philatelic)

    Dates of creation area

    Date(s)

    • 1981-2016 (Creation)

    Physical description area

    Physical description

    44.5 cm of textual records

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    Archival description area

    Name of creator

    (1981-2016)

    Administrative history

    In 1981, it was noted at a Board of Regents meeting that there was a need for boards to have financial accountability and ensure that all comments made by their auditors were considered seriously and that appropriate steps were taken in response. A motion was carried to appoint an audit committee made up of 5 members to review the annual financial statement before receipt by the Finance and Property Committee and the annual post-audit statement submitted by the auditors. In consultation with the President, Bursar and the Chief Accountant, the committee would ensure that the auditors’ recommendations were acted upon in appropriate ways. The Committee’s first Chairman was Mr. R. I. Priddle. The Bursar and the Chief Accountant were consultants on the Committee. The Committee first met in June of 1981. The Committee reports the Board of Regents annually. In 2016 it was decided to merge the Audit Committee with the Finance Committee to create a new Finance and Audit Committee.

    Custodial history

    Scope and content

    Series consists of minutes, reports, correspondence, budgets and other related records of the Audit Committee.

    Notes area

    Physical condition

    Immediate source of acquisition

    Records are transferred from the Bursar's Office

    Arrangement

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      Script of material

        Location of originals

        Availability of other formats

        Restrictions on access

        Records are restricted for 20 years after their creation in keeping with relevant access and privacy legislation. For information on access, please contact the Archivist.

        Terms governing use, reproduction, and publication

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        Further accruals are anticipated.

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