Course description
Welcome to the course on Audit Committees in a New Era of Governance. This course is designed for individuals interested in enhancing their knowledge and skills in corporate governance, specifically the role and responsibilities of audit committees.
The course will cover key governance principles and frameworks, emerging trends and challenges in corporate governance, and best practices for audit committee oversight of financial reporting and risk management. Through a combination of lectures, case studies, group discussions, and interactive exercises, participants will have the opportunity to explore various governance practices and develop a deeper understanding of the importance of transparency, accountability, and ethical behaviour in corporate governance.
By the end of the course, participants will have the knowledge and skills necessary to effectively serve on an audit committee and contribute to the success of their organisation's governance practices.
Upcoming start dates
Suitability - Who should attend?
This course is intended for individuals who are interested in enhancing their knowledge and skills in corporate governance, specifically those who serve on or support audit committees. The course is suitable for:
- Members of the audit committee or individuals who support the audit committee, such as internal auditors or external auditors
- Board members and executive management who are responsible for overseeing the organization's governance practices
- Professionals in the fields of accounting, finance, auditing, and risk management who are interested in learning more about corporate governance and the role of audit committees
- Consultants, advisors, and other professionals who work with audit committees or support corporate governance practices
Outcome / Qualification etc.
- Understand the role and responsibilities of the audit committee in corporate governance and its impact on organizational success
- Gain knowledge of key governance principles and frameworks and their application to audit committee practices
- Develop an understanding of emerging trends and challenges in corporate governance and the impact on audit committee practices
- Learn best practices for audit committee oversight of financial reporting, risk management, and compliance with legal and regulatory requirements
- Develop skills in identifying and evaluating key risks and controls and developing effective risk management strategies
- Learn how to effectively communicate and collaborate with audit committee members and other stakeholders, and build a strong audit committee culture
- Evaluate and improve the effectiveness of the audit committee and governance practices
- Apply the knowledge and skills learned to real-world situations through case studies and interactive exercises
- Network with peers and experts in the field to exchange ideas and share experiences.
Training Course Content
Day 1
Introduction to Audit Committees and Governance
- Understanding the role and responsibilities of the audit committee in corporate governance
- Overview of key governance principles and frameworks
- Importance of transparency, accountability, and ethical behaviour in corporate governance
- Case studies and examples of effective and ineffective governance practices
Day 2
Trends and Challenges in Corporate Governance
- Emerging trends and challenges in corporate governance, including technological advancements, globalization, and stakeholder expectations
- Understanding the impact of regulatory and legal requirements on governance practices
- The role of the audit committee in managing risks and maintaining compliance with legal and regulatory requirements
- Case studies and examples of governance challenges and best practices
Day 3
Audit Committee Oversight of Financial Reporting
- Overview of financial reporting requirements and standards
- Understanding the audit process and the role of the audit committee in overseeing the audit
- Key financial risks and controls that the audit committee should monitor
- Case studies and examples of financial reporting issues and best practices in audit committee oversight
Day 4
Audit Committee Oversight of Risk Management
- Overview of risk management frameworks and principles
- Understanding the role of the audit committee in overseeing risk management practices
- Identifying and evaluating key risks and controls
- Developing effective risk management strategies and monitoring progress
- Case studies and examples of effective risk management practices and audit committee oversight
Day 5
Best Practices in Audit Committee Governance
- Overview of best practices in audit committee governance
- Developing effective communication and collaboration among audit committee members and other stakeholders
- Building a strong and effective audit committee culture
- Evaluating and improving the effectiveness of the audit committee and governance practices
- Case studies and examples of effective audit committee governance and best practices
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