Audit & Risk Committee Mandate


The Audit & Risk Committee (the "Committee") of Canadian Utilities Limited. (the “Corporation”) is responsible for contributing to the effective stewardship of the Corporation by assisting the Board of Directors of the Corporation (“Board”) in fulfilling its oversight of:

(i) the integrity of the Corporation’s financial statements;
(ii) the Corporation’s compliance with applicable legal and regulatory requirements;
(iii) the independence, qualifications and appointment of the Corporation's external auditor;
(iv) the performance of the Corporation’s internal audit function and external auditor;
(v) the accounting and financial reporting processes of the Corporation;
(vi) audits of the financial statements of the Corporation;
(vii) the risk management process of the Corporation.