Meeting Summary

Audit & Actuarial Committee - August 16, 2017

Investment Performance Reports to the SC

At its meeting on May 22, 2014, the OAC Board agreed that quarterly reporting on the results of the Primary Plan fund would be released to the Sponsors Corporation once the Audit & Actuarial Committee met and reviewed the quarterly financial results.

The AAC approved the OMERS Investment Performance and OMERS Asset Mix Exposure Report, as at June 30, 2017, with both to be provided to the SC.

External Auditor 2017 Audit Plan

The Audit & Actuarial Committee Mandate requires the Committee to carry out the following duties:

  • recommend to the OAC Board the appointment of the External Auditor, including the general terms of the engagement and remuneration process;
  • approve the fees for the External Auditor for the upcoming audit year; and
  • approve the annual audit plans of the External Auditor.

At its meeting on May 17, 2017, the AAC approved the External Auditor engagement letter and fees for the 2017 year-end audit.

Following a question and discussion period, the Audit & Actuarial Committee approved the External Audit Plan for the 2017 fiscal year audit.