SIGA - Audit and Finance Committee Evaluation Questionnaire

Saskatchewan Indian Gaming Authority (SIGA)
Audit and Finance Committee Evaluation Questionnaire

Board Policy B03-033 states that the Audit and Finance Committee is responsible for monitoring and reviewing SIGA's financial performance and internal controls, ensuring the adequacy of risk management policies and procedures, enhancing the credibility and objectivity of financial reports and acting as a communication link between the Board, the external and provincial auditors and the internal auditor.

This questionnaire is designed to gather your perceptions as a member of this committee over the past year. Replies will be confidential.

The deadline for responses is Friday, February 19, 2010. The consultant will analyse the findings and prepare a report that will be reviewed at the March Board meeting.

If you are unsure, or feel you do not have enough information to answer a particular question, simply leave that item blank.

Rate how well you feel the Audit and Finance Committee carries out the following responsibilities related to its mandate:

	Excellent	Good	Fair	Poor
a) Recommending the appointment of internal and external auditors
b) Ensuring the independence of the internal and external Auditors
c) Reviewing the performance of the internal and external Auditors
d) Reviewing annual audited financial statements prior to submission to the Board
e) Reporting to the Board on audit results
f) Reviewing and recommending key financial targets
g) Reviewing and reporting on financial results
h) Reviewing and reporting on operational results
i) Overseeing SIGA's risk assessment and risk management processes
j) Reviewing and reporting on outstanding litigation
k) Ensuring compliance with legal, ethical, regulatory and financial reporting requirements

Please indicate your level of agreement or disagreement with each of the following statements:

	Agree Strongly	Agree Somewhat	Disagree Somewhat	Disagree Strongly
a) The role and mandate of the committee is clear
b) Members have the right mix of knowledge and expertise related to the committee's mandate
c) The committee meetings are an efficient use of time
d) We receive adequate information to do our job on this committee
e) We receive the information in a timely fashion
f) The time allowed to review materials is sufficient
g) The committee receives adequate support from management
h) The committee receives adequate support from the Board Chair
i) I have the necessary knowledge and skills to sit on this committee
j) I received adequate orientation and training when I joined this committee

The number of Audit and Finance committee meetings is:

Too few About the right amount Too many

The number of Audit and Finance committee members is:

Too few About the right amount Too many

If you gave a negative response ("fair", "poor", "disagree somewhat" or "disagree strongly") to any of the items in Question 1 or Question 2, please elaborate below: (Specify the Item #)

What do you believe is the single most important strength of the Audit and Finance Committee?

Are there any obstacles interfering with the Audit and Finance Committee performance?

Yes No

If Yes, please specify:

Feel free to make any other comments or suggestions about the Audit and Finance Committee:

Completed by:

Name:
(Necessary for tracking response and follow-up by the consultant)

Thank you for your cooperation.