The Audit Committee functioned as a standing committee with the responsibility of recommending the approval of annual financial statements to the Board of Governors. It also received the Audit Report from the Provincial Auditor General, oversaw the Internal Audit Report, and monitored the Annual Insurance and Risk Management Report. Additionally, the committee recommended approval of policies related to asset insurance.

This sub-series comprises records associated with the committee's tasks and includes meeting agendas and minutes, reports, financial statements, terms of reference, and correspondence.