The CIM Audit and Risk Committee was formally constituted in 2014 following a revision to the CIM governance policies. The committee meets quarterly to review the financial position and results of CIM. We also meet with the external auditors at least annually. At the end of the 2015 audit we reviewed and recommended approval of the financial statements.
The committee convened in the summer and resolved to change external auditors. An RFP process was undertaken with CIM’s senior leadership team and we recommended a change of auditors to Deloitte.
The members annually review the status of priority items on the risk register and the status of internal controls remediation work. We look forward to working with CIM’s senior leadership team to oversee financial stewardship of CIM for 2017.
Chair (Council member also sitting on the Executive Committee): Mark Patterson, PricewaterhouseCoopers Inc.
President-Elect (ex officio): Kenneth Thomas, Ken Thomas & Associates
Member (not on Council): David Whittle, Independent Consultant
Member (not on Council): Robert (Bob) Schafer, Eagle Mines Management LLC
CIM Director Finance and Business Systems: Benoit Sawyer, CIM
CIM Executive Director (ex officio): Jean Vavrek, CIM