Which committee is tasked with examining internal controls and investment policies?

Prepare for the Travel Industry Council of Ontario Exam. Understand essential travel regulations and procedures with flashcards and multiple-choice questions. Each question offers insights and explanations to help you excel!

The committee that is tasked with examining internal controls and investment policies is typically the Audit Committee. This committee plays a crucial role in overseeing the financial reporting processes and ensuring that the organization's financial statements are accurate and reliable. It also evaluates the effectiveness of internal controls, which safeguard against errors and fraud, and monitors compliance with relevant laws and regulations.

In addition to focusing on internal controls, the Audit Committee often reviews the organization’s investment policies to ensure that they align with the overall financial strategy and risk management objectives. This responsibility is essential for maintaining the integrity of financial operations and ensuring that the organization’s assets are managed prudently.

The other committees mentioned, like the Business Strategy Committee, primarily focus on the strategic direction of the organization; the Compensation Fund Committee is related to managing funds set aside for compensation purposes; and the E-commerce Committee concentrates on online business strategies. These functions do not include a specific mandate for examining internal controls or investment policies, which is why they do not fit the criteria described in the question.

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