Introduction:
Audit committees play a critical role in ensuring good governance and enhancing the reliability of financial reporting. In today's fast-paced business environment, audit committees face new challenges, including increased regulatory scrutiny, evolving risks, and emerging technologies. This training program is designed to equip audit committee members with the knowledge and skills needed to navigate these challenges and fulfill their roles effectively.
Objectives:
- Understand the evolving role and responsibilities of audit committees in today's business environment
- Develop a thorough understanding of the key legal and regulatory requirements applicable to audit committees
- Learn how to effectively oversee financial reporting and auditing processes
- Gain insights into emerging risks and technologies impacting audit committees
- Strengthen the effectiveness of audit committee meetings and communications
Target Audience:
This training program is designed for audit committee members, including board members, CFOs, finance directors, and other senior executives responsible for overseeing financial reporting and auditing processes.
Outline:
Day 1:
The Evolving Role of Audit Committees
- Overview of the audit committee's role and responsibilities
- Key trends impacting audit committees in a new era of governance
- Best practices for audit committee oversight
Day 2:
Legal and Regulatory Requirements for Audit Committees
- Understanding the legal and regulatory requirements applicable to audit committees
- The role of the audit committee in regulatory compliance
- Managing conflicts of interest and maintaining independence
Day 3:
Effective Oversight of Financial Reporting and Auditing Processes
- Understanding financial reporting and auditing processes
- The audit committee's role in overseeing the financial reporting process
- Best practices for effective auditing oversight
Day 4:
Emerging Risks and Technologies Impacting Audit Committees
- Identifying emerging risks and trends impacting audit committees
- Understanding the impact of emerging technologies on audit committee oversight
- Best practices for leveraging technology to enhance audit committee effectiveness
Day 5:
Strengthening Audit Committee Effectiveness
- Strengthening the effectiveness of audit committee meetings and communications
- Developing effective reporting and communication frameworks
- Strategies for continuous improvement of audit committee effectiveness
