Effective Audit Committees  

Audit Committees are expected to play a vital role in governance and in building trust in corporate reporting. Audit Committees therefore need members who have appropriate levels of expertise and knowledge of the industry and of the company.

 

This course will explore the fundamentals of the role of the Audit Committee and the nature and essential qualities of its members, particularly the Audit Committee Chairman. The course will cover the relationships with all key stakeholders and will examine all the key information flows and decision processes.

 

The course will equip participants with an understanding of the appropriate levels of knowledge and expertise and an awareness of the mechanisms and priorities for audit committees in today’s complex and highly regulated financial services world.

 

This course will broaden the awareness of members of and advisers to Audit Committees and provide appropriate levels of oversight of financial reporting, audit quality, and other risks on the committee’s agenda.

 

It provides an opportunity for participants to update their knowledge and to explore the available mechanisms to deliver the effective Audit Committee support necessary in order to fulfil their roles.

 

Course Objectives​

  • Understand the role and responsibilities of the Audit Committee and its relationship with the Board and the Board Risk Committee

  • Consider what prudent and effective controls sit around the Audit Committee meeting process

  • Understand the critical relationships with key stakeholders such as external audit, internal audit, the finance team and the company secretariat

  • Understand the relationships with the various regulators and the complexities of group structures and overseas jurisdictions

  • Recognise common areas that can cause problems

  • Take away key actions and ideas to improve on Audit Committee performance

  • This course has been designed specifically for Audit Committee members and those directly involved in supporting and preparing information for Audit Committees.

Practical guidance will be provided on such issues as:

  • Being an Audit Committee member

  • Best practice guidance on policies and procedures

  • Governance, risk and compliance frameworks

  • The relationship with the Board Risk Committee

  • The relationship with External Audit, Internal Audit and Finance

  • How to challenge Executive Directors, external Auditors and Chief Internal Auditors on their reports

  • Dealing with regulators and other stakeholders

  • Managing information flows

  • Measuring the effectiveness of your Audit Committee

Who should attend?

  • Audit Managers 

  • Finance Managers

  • Mid & Senior Management

Early Fee: USD 1,295

Standard Fee: USD 1,695

 Email: enquiry@spire-events.com

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