Skip To Content

Audit Committee

APPOINTMENT OF EXTERNAL AUDIT COMMITTEE MEMBER

St. Albert Public Schools requires an individual to join its Audit Committee for a four-year term.

The Audit Committee is made up of members of the Board of Trustees, select members of administration and two external members. This opportunity will provide valuable experience in the financial oversight of the largest school division in St. Albert, serving over 8,900 students with a budget of over $100 million.

Please apply with interest to Kathy Allen, Executive Assistant, Financial Services. Please identify any potential conflicts of interest when you apply.

Deadlines for submissions will be Friday December 18, 2020.

Audit Committee meetings are currently scheduled for March 10, June 23 and November 24, 2021 at:

St. Albert Public Schools
60 Sir Winston Churchill Avenue
St. Albert, AB
T8N 0G4


APPOINTMENT OF EXTERNAL AUDIT COMMITTEE MEMBER

FAVOURABLE QUALIFICATIONS

The ideal candidate will have the following qualifications:

  • be a member of the adult learning community
  • have a designated professional accountant designation
  • be experienced with leadership and advisory roles
  • have experience and knowledge with audit standards, governance, and managing complex systems
  • have detailed knowledge of Public Sector Accounting Standards (PSAS)

RESPONSIBILITIES

As a member of the Audit Committee, you will meet at least twice a year. Duties include but are not limited to:

1. The Audit Committee meets before the annual audit to:

  • meet with the external auditor, before the audit begins, to review the engagement letter and assure the external auditor’s independence from management
  • review and discuss the audit plan with the external auditor

2. The Audit Committee meets after the annual audit to:

  • review the audited financial statements
  • review the draft annual audit report, the management representation letter and receive the external auditor’s independence letter
  • review the external auditor’s assessment of the school division’s system of internal controls and accounting policies
  • demonstrate the financial information was reviewed, due diligence exercised, and recommend whether the Board of Trustees should approve the annual audit report and financial statements prior to the documents being forwarded to the Minister of Education

COMPENSATION

The audit committee members shall be compensated as follows:

  • Elected school trustee - no additional remuneration - as per board policy
  • Public member to be compensated equal to the rate specified in the audit committee terms of reference, currently $90 for a 4 hour half day meeting and $180 per day for meetings in excess of 4 hours
  • For up to two meetings per year an additional $90 for self- directed meeting preparation may be allowed
  • There is no reimbursement for additional expenses such as travel, food, lodging, or office supplies
home
St. Albert Public Schools