Finance and Audit Committee

Committee Chair: Sarim M. Farooqi, CFA

Mandate

The Finance & Audit Committee provides financial oversight of the Society and all assets, consistent with the best interests of members. It is also responsible for the review and analysis of quarterly financial statements, providing summaries and reviews of this analysis on an ongoing basis to the Board.

Responsibilities

The group oversees CFA Society Toronto financial and audit systems for financial integrity and the process for monitoring compliance as it relates to financial integrity. The Committee approve written procedures and internal controls for execution of the investment policy as well as review, develop and endorse financial vendor services including banking, controllership, and audit and tax services.