The Audit, Finance and Risk Committee is responsible for fulfilling the PMSA’s responsibilities relating to the accounting and reporting practices and operating activities as well as financial and non-financial risk. This committee ensures the adequacy of the PMSA accounting, administrative, risk management and operating controls; works with external auditors and the internal auditors, School Councils, and School Business Managers to facilitate reporting and operational efficiency; and serves as an independent party to review the financial information presented by schools to the PMSA.
The Audit, Financial and Risk Committee was renamed in 2018 and the committee’s Charter has also been revised to include financial and non-financial risk governance. The Charter can be found on the Constitution, By-laws and Charters page.