Broadcasting Act

Marginal note:Audit committee

• 69 (1) The Corporation shall establish an audit committee composed of not fewer than three directors.

• Marginal note:Duties

  (2) The audit committee shall

  • (a) review and advise the Board with respect to the financial statements that are to be included in the annual report of the Corporation;

  • (b) oversee any internal audit of the Corporation that is conducted pursuant to subsection 60(3);

  • (c) review and advise the Board with respect to the annual auditor’s report of the Corporation referred to in subsection 62(1);

  • (d) where the Corporation is undergoing a special examination, review and advise the Board with respect to the plan and reports referred to in section 64; and

  • (e) perform such other functions as are assigned to it by the Board.

• Marginal note:Auditor’s attendance

  (3) The auditor is entitled to receive notice of every meeting of the audit committee and to attend and be heard at each meeting and, if so requested by a member of the audit committee, the auditor shall attend any or every meeting of the committee.

• Marginal note:Calling meeting

  (4) The auditor or a member of the audit committee may call a meeting of the committee.