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HC-3.2.3

Where there is an audit committee, it must:

(a) Review the company's accounting and financial practices;
(b) Review the integrity of the licensees' financial and internal controls and financial statements;
(c) Review the licensees' compliance with legal requirements;
(d) Recommend the appointment, compensation and oversight of the licensees' external auditor; and
(e) Recommend the appointment of the internal auditor (whether in-house or outsourced).
October 2019