Community members sought for Audit Committee

Limestone Learning Foundation
Community members sought for Audit Committee
Posted on 06/11/2020
Image of graphic featuring financial papers and a magnifying glassThe Limestone District School Board  is currently inviting applications for two volunteer community members to serve on its Audit Committee.

The board is seeking two community members, with accounting and financial expertise and business knowledge, to serve on its Audit Committee for a three-year term effective immediately.

The Audit Committee is comprised 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 Audit Committee meets at least three times per year and may hold additional ad hoc meetings as required. A formal training course will be provided to all committee members to clarify roles and responsibilities of Audit Committees for the school board sector.

Candidate Eligibility:
• Applicants must have sufficient accounting, senior financial management or legal expertise 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 of the Board are invited to submit a letter of interest and resume by 4:30 p.m. on July 31, 2020 to:
Craig Young, Superintendent of Business Services and Treasurer, Limestone District School Board,  220 Portsmouth Ave., Kingston, ON K7M 0G2 or via email.

Candidates who are short-listed may be requested to attend a private interview conducted by the Audit Committee’s Selection Committee.

The Limestone District School Board is situated on traditional territories of the Anishinaabe & Haudenosaunee.