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CITY OF HAMILTON CORPORATE SERVICES DEPARTMENT Information Services Division TO: Chair and MembersWARD(S) AFFECTED: CITY Preaudit and Administration Committee DATE: September 8, 2010, SUBJECT/REPORT

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What is audit and administration committee?

Audit and administration committee is a group of individuals responsible for overseeing financial reporting, internal controls, and risk management within an organization.

Who is required to file audit and administration committee?

Public companies and certain non-profit organizations are typically required to have an audit and administration committee.

How to fill out audit and administration committee?

The audit and administration committee should be filled out by the designated members of the committee based on their oversight responsibilities.

What is the purpose of audit and administration committee?

The purpose of audit and administration committee is to ensure the accuracy and integrity of financial reporting and to oversee compliance with regulatory requirements.

What information must be reported on audit and administration committee?

The audit and administration committee report typically includes information on the committee's activities, any significant financial issues, and recommendations for improvement.

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