In accordance with the Internal Audit Charter (By-law 163-2024), the Director of Internal Audit conducts annual reviews to confirm that the Internal Audit function continues to operate in compliance with applicable standards and governance requirements. This report provides updates to the Audit Committee on the following:

• 2025 Audit Work Plan Status Update
• 2025 Annual Affirmation of Organizational Independence
• 2025 Annual Review of the Internal Audit Charter​