CIRA Election Forum
Forum électoral de CIRA

We appreciate everyone's participation and lively discussion surrounding CIRA's board election.
Voting will end today (October 4) at 12:30 at which time the election forum will become inactive.

Nous apprécions la participation de tous·tes et les discussions animées entourant l'élection du conseil de CIRA.
Le vote se terminera aujourd'hui (le 4 octobre) à 12h30, au même moment le forum électoral deviendra inactif.

Forum Forum Questions for candidates / Questions pour les candidat·e·s Board Governance and Auditors role

  • Posted by Alex on September 22, 2023 at 7:24 pm

    @AdamHarvey. Q1. Given your experience as both an auditor and in governance, do the auditors work for CIRA members as they are elected by CIRA members, given that CIRA recommends a qualified firm of public accountants? Q2 Do you know if the elected auditor must be presnet at any AGM to answer questions from Members?

    Alex replied 2 months, 1 week ago 2 Members · 4 Replies
  • 4 Replies
  • Adam

    September 25, 2023 at 4:55 am

    Hi Alex,

    Members appoint the auditor; the auditor agrees the terms of the audit with management or those charged with governance (e.g., Board of Directors or Finance, Audit, Investment and Risk Committee).

    The auditor is entitled to attend a meeting of members and be heard (i.e., at the option of the auditor). In addition, if a director or member gives notice within a certain period, the auditor shall attend the meeting of members and answer questions relating to the auditor’s duties.



  • Alex

    September 25, 2023 at 12:20 pm

    Welcome to the Forum Adam. Q1 So do the auditors work on behalf of the members (as well as others), are accountable to the members (and others), attesting that the financial statements presented by management are correct?

    Q2. Do you find it strange, that the auditors have not been present in past and don’t even seem to be on the agenda at the AGM?

    • Adam

      September 27, 2023 at 11:07 am

      Hi Alex,

      (I appreciate that we have more than one conversation going on!)

      Certainly an auditor – in expressing an opinion on the financial statements – would consider that the objective of financial statements is to communicate information that is useful to members, contributors, creditors and other users of the financial statements (in making their resource allocation decisions and/or assessing management stewardship).

      In my experience, most of the reporting back from the auditor occurs through the Audit (or similar) Committee. For my audit clients, I was certainly also available to attend Board and/or Annual General Meetings, when asked to do so (which was occasionally) – some organizations took comfort that the auditor was present, even though questions were rare. So, I don’t find it strange when the auditor is not present at an AGM (nor do I find it strange when they are).



  • Alex

    September 27, 2023 at 12:06 pm

    Thanks. My own experience in NFP board governance is that there is a wide gap – in some boards – between “what is” and “what should be”. Common practice vs best practice! The auditors are accountable to the members as they elect the auditors. What does it say when the auditors don’t bother showing up to those that elected them, to hear if there are any concerns?

    Moreover what does it say when they are asked to attend as per the CNPA and CNPR – bound in law – to attend and don’t bother to answer specific written questions that were given with due notice?

    . eh

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