Finance & Audit Committee
Mandate
The Finance & Audit Committee is responsible for planning and carrying out, in accordance with professional standards, an audit of the CBABC's annual financial statements, overseees the fiscal year-end financial reporting process at the CBABC and results of the external audit.
The Finance & Audit Committee may make recommendations to the Exectuive Committee regarding the appointment and, if appropriate, termination of the auditors.
The Finance and Audit Committee shall assist the Executive Committee in fulfilling its oversight responsibilities relating to financial performance and policies, auditing and reporting, budgeting and financial risk management.
In fulfilling its mandate, the Finance and Audit Committee will perform the following key tasks:
- ensure sound accounting practices and internal controls are appropriately established and followed;
- review the annual budget and make recommendations to the Executive Committee;
- review the financial policy and make recommendations to the Executive Committee;
- review the investment policy and guidelines and make recommendations to the Executive Committee;
- review the expenses guidelines and make recommendations to the Executive Committee;
- review the processes and internal control framework for identification and management of risks and make process and policy recommendations to the Executive Committee;
- review the audited financial statements and the audit report and make recommendations to the Executive Committee;
- keep apprised of current national and international accounting standards as they pertain to financial reporting, and in particular with financial reporting of not for profit associations, and ensure compliance with applicable legislation, guidelines and policies;
- determine whether the audit procedures in place are adequate to meet the overriding objective that the CBABC financial statements fairly represent the financial position of the CBABC; and
- complete other functions or tasks assigned by the Executive Committee to the Finance and Audit Committee from time to time.
Judith Janzen
Chair/Board Liaison
Onyx Law Group
Vancouver
BC
Daniel A.T. Moseley
Vice-Chair
McQuarrie Hunter LLP
Surrey
BC
Adam C. Munnings
Board Member
Munnings Law
West Vancouver
BC
Nathan Richard Bauder
Member
Nathan R Bauder Law Corporation
Dawson Creek
BC
Norton Rose Fulbright Canada S.E.N.C.R.L., s.r.l.
Vancouver
BC
Heather P. McMahon
Member
IWA Forest Industry Pension & LTD Plan
Burnaby
BC
Lee L.M.G. Nevens (they/them)
Member
Department of Justice Canada
Vancouver
BC
Ping Li Chen, CPA, CGA
Staff Liaison
Canadian Bar Association - BC Branch
Vancouver
BC
Kerry L. Simmons, K.C.
Staff Liaison
Canadian Bar Association - BC Branch
Vancouver
BC