Internal Audit Committee
The Internal Audit Committee is a key committee supporting the Deputy Minister Committee. It is responsible to monitor the governance, control and risk management systems in the Alberta government and exercises its judgment to ensure an appropriate balance is struck between managing the risks to the government and the costs of doing so.
The Internal Audit Committee is responsible for oversight of Corporate Internal Audit Services.
The mandate of Internal Audit Committee is set out in the charter approved by the Deputy Minister of Executive Council who chairs this Committee.
Membership
The Internal Audit Committee has eight members including the Chair:
- Deputy Minister, Executive Council (Chair)
- Deputy Minister, Treasury Board
- Public Service Commissioner
- Deputy Minister, Aboriginal Relations
- Deputy Minister, Finance and Enterprise
- Deputy Minister, Sustainable Resource Development
- Two Public Members
Public Members
Loraine Oxley
Loraine is a CA with 30 year's experience. She currently serves on the University of Alberta Audit Committee , and on the Board of Reunion Gold Corp. listed on the TSE. Loraine chaired the Finance and Audit Committee of Servus Credit Union from 1997 to 2005, and was Director of Finance for the Alberta Cancer Foundation from 2002 to 2006. As an independent consultant, Loraine reviews information systems, computer conversions, develops budgets and cash flows and provides financial consulting services. In 2006 she was awarded the Institute of Chartered Accountants Distinguished Service Award for Business and the University of Alberta Alumni Honor Award
Leo Kelly
Leo qualified as a CA in 1975 and was awarded the FCA (Fellow, Chartered Accountant) in 1997. He served as President of the Institute of Chartered Accountants of Alberta from 1997 to 1998. Leo qualified as a Certified Fraud Examiner in 1997, and is one of only 250 Investigative and Forensic Accounting Specialists in Canada . Leo was a member of the Province of Alberta 's Tax Review Committee in 1998. He is a partner in Kelly & Creaghan CA's in Calgary , specializing in investigative and forensic accounting, accounting and auditing income tax, litigation support services and professional conduct matters.
Term of Office
Deputy Minister members serve terms of service as determined by the Chair, who rotates members periodically to maintain or enhance the functioning of the Internal Audit Committee. Public members serve a maximum of two terms of office, each no longer than three years, to provide for objectivity in the long term and to avoid the development of any special interest on the Internal Audit Committee.
Reporting to Deputy Minister Committee
As a subcommittee of the Deputy Minister Committee, the Internal Audit Committee reports quarterly to the Deputy Minister Committee on significant issues and trends identified by Corporate Internal Audit Services and other audit-related matters
