Audit Committee Terms of Reference

UVic's Board of Governors' Audit Committee has responsibility and authority to assist the Board with oversight of:

• the integrity of the university’s financial reporting process and system of internal controls regarding financial reporting and accounting compliance
• the qualifications and independence of the university’s external auditors
• the performance of the external auditors and the internal auditor
• the university’s compliance with legal, statutory and regulatory requirements
• the university regarding accounting, internal control management of the principal risks that could impact the financial statements
• procedures for the receipt, retention and treatment of complaints received by the university regarding accounting, internal accounting controls or audit matters
• the selection and hiring of the external auditors

More details about the Board of Governors' Audit Committee can be found in the September 30, 2016 Terms of Reference.