31. The functions of the audit committee include(1) seeing to it that the processes for consulting the stakeholders are implemented efficiently and properly;
(2) ensuring that a plan for the optimal use of the Centre’s resources is put in place, and following up on that plan;
(3) seeing to it that internal control mechanisms regarding operations and management practices are put in place and ensuring they are appropriate and effective;
(4) ensuring that a risk management process is put in place;
(5) reviewing any activity that could be detrimental to the Centre’s financial health;
(6) seeing to it that the Centre applies its code of ethics;
(7) ensuring that the Centre’s decisions or, more generally, its activities comply with the applicable laws, policies and directives; and
(8) ensuring that the report referred to in section 42 and, if applicable, the report referred to in section 44 on financial matters contain the information required by the Chair of the Conseil du trésor.