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
About London
The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.
Things to do and places to visit in London
With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.
Some unmissable London attractions include:
- Seeing priceless masterpieces in the Tate Britain or the National Gallery.
- Watching the changing of the guard at Buckingham Palace.
- Visiting Trafalgar Square's famous monument.
- Marveling at the Crown Jewels in the Tower of London.
- Getting a bird's eye view of the city from the London Eye.
- Tasting one of Brick Lane's famous curries.
- Browsing the exclusive shops of Knightsbridge.
- Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
- Admiring design from around the world in the Victoria and Albert Museum.
- Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
- Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
- Eating Britain's most famous dish, fish and chips.
- Watching the street performers in Covent Garden.
- Enjoying the views at a South Bank cafe.