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Durham District School Board
Ignite Learning
Audit Committee Terms of Reference

The terms of reference for the Audit Committee of the Durham District School Board are set out in Ontario Regulation 361/10;

The term of office for members of the committee who are Board members is one year, and for members of the committee who are not Board members is three years;
 
Members of the committee are reimbursed for out-of-pocket expenses for travel to meetings and attendance at training sessions at Board-approved rates.
 
Approved: October 17, 2011

DURHAM DISTRICT SCHOOL BOARD
SEEKS TWO VOLUNTEER COMMUNITY MEMBERS TO SERVE ON ITS AUDIT COMMITTEE

The Durham District School Board is seeking two community members with financial expertise and business knowledge to serve on its Audit Committee for a three-year term effective February 2018.

The Audit Committee is composed of three Trustees and two independent members drawn from the community at large. The primary role of the Audit Committee is to assist the Board of Trustees in fulfilling its duties related to governance and oversight. The duties of the Audit Committee fall under the following key areas: the financial reporting process, internal control framework, risk management practices, performance and function of the Board's internal and external auditors and the Board's compliance with its obligations under legislation. The Committee meets at least 3 times a year, plus ad hoc meetings as required.


Candidate Eligibility:

Applicants must have sufficient accounting, senior financial management or other relevant business experience to understand public sector accounting and auditing standards.

The applicant must not be a current employee or officer of the Board, or of any other district school board or school authority.

The applicant must not have a parent, child or spouse currently employed by the Board.


Submission of Applications:

Suitably qualified candidates interested in serving on the Audit Committee are invited to submit a letter of interest and resume by 4:00pm on December 15, 2017 to:

Lisa Millar
Director of Education
Durham District School Board
400 Taunton Road East
Whitby, ON   L1R 2K6

Candidates who are short-listed may be requested to attend a private interview conducted by the audit committee's selection committee. For information about the Durham District School Board, please visit www.ddsb.ca