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(iv) Review the Corporation’s interim financial statements and quarterly earnings press releases and report thereon to the Board

before such documents are approved by the Board and disclosed to the public;

(v) Review with management and the Corporation’s independent auditors such accounting policies (and changes therein) of the

Corporation, including any financial reporting issues which could have a material impact on the Corporation’s financial statements, as

are deemed appropriate for review by the Committee prior to any year-end filings with the SEC, the OSC or other regulatory body;

B. Oversight of Risk Management

(i) Require management to identify and review with the Committee a portfolio view of the major areas of risk facing the Corporation

and management’s strategies to manage those risks;

(ii) Review, at least annually, management’s risk appetite;

(iii) At least annually, review in light of risk appetite, the Corporation’s enterprise risk management process, including key policies

and procedures for the effective identification, assessment, monitoring and control of the Corporation’s principal risks and the

Corporation’s compliance with such policies and procedures;

100

•

the qualitative judgments of the independent auditors about the appropriateness, not just the acceptability, of accounting

principles and financial disclosure practices used or proposed to be adopted by the Corporation and, particularly, about the

ree of a

ressiveness or conservatism of its accountin

rinci

les and underl

estimates;

•

the selection and a

lication of the Cor

oration’s critical accountin

olicies;

•

the methods used to account for si

nificant unusual transactions;

•

the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance

or consensus;

•

mana

ement’s

rocess for formulatin

sensitive accountin

estimates and the reasonableness of these estimates;

•

nificant recorded and unrecorded audit ad

ustments;

•

material accountin

issues amon

mana

ement, the RPA Grou

(as defined below) and the inde

endent auditors; and

•

other matters re

uired to be communicated to the Committee under a

licable auditin

standards b

the inde

endent auditors;