Terms of Reference for the Audit Committee

Purpose

To review audit reports prepared by the Quality Council Auditors and make recommendations to the Ontario Universities Council on Quality Assurance. The audit report will, in particular, describe whether or not the institution, since the last review, has acted in compliance with the provisions of its Institutional Quality Assurance Process.

Members

The Panel of Auditors appointed by the Ontario Council of Academic Vice-Presidents will comprise the committee. Auditors involved in an audit that is under review by the Audit Committee will not vote on a recommendation to the Quality Council.

The Executive Director, Quality Assurance, is a non-voting ex-officio member.

Quorum

Quorum at meetings of the Audit Committee is 50% plus one of the eligible voting members. If a member is not voting because of a conflict of interest, the determination of what constitutes quorum will not include that member. The Chair shall have a vote.

Chair and Vice-Chair of Committee

The Quality Council will appoint a Chair and a Vice-Chair from among the members. The Vice-Chair will serve as chair when the Chair is unable to serve.

Support for the Audit Committee

The Quality Assurance Secretariat will be responsible for organizing meetings, preparing agendas and meeting materials, taking minutes of meetings and communicating decisions of the Audit Committee to the University and the Quality Council.