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 Audit Committees in a New Era of Governance A2161 QR Code
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Audit Committees in a New Era of Governance



Audit committees play a crucial role in corporate governance by overseeing financial reporting, risk management, and compliance with legal and regulatory requirements. As businesses continue to face new challenges in a rapidly changing world, audit committees must adapt and evolve to keep up with the times. This five-day training course will explore the key issues facing audit committees in a new era of governance and equip participants with the knowledge and skills needed to effectively fulfill their roles.

Course Objectives:

At the end of this course, participants will be able to:

  • Understand the evolving role of audit committees in modern governance.
  • Identify key risks and challenges facing organizations today.
  • Develop effective strategies for managing risk and ensuring compliance.
  • Evaluate financial reporting and internal control systems.
  • Foster a culture of ethical behavior and accountability within the organization.
  • Targeted Audience:
  • This training course is designed for individuals who serve on audit committees or aspire to do so, including:

Targeted Audience

  • Board members
  • Senior executives
  • Internal and external auditors
  • Risk managers
  • Compliance officers
  • Legal counsel


Course Outlines:

Unit 1:

  • Overview of Audit Committees and their role in corporate governance.
  • Recent trends and challenges facing audit committees.
  • Regulatory frameworks and legal requirements.
  • Effective communication between audit committees, boards, and management.
  • Building effective relationships with external auditors.

Unit 2:

  • Risk management frameworks and best practices.
  • Emerging risks and how to address them.
  • Cybersecurity risk and data privacy.
  • Managing reputational risk.
  • Fraud risk and prevention strategies.

Unit 3:

  • Financial reporting and internal controls.
  • The audit process and audit committee oversight.
  • Audit findings and management response.
  • The role of technology in auditing and financial reporting.
  • Non-GAAP financial measures and their impact on audit committees.

Unit 4:

  • Ethics and corporate social responsibility.
  • Establishing a culture of ethical behavior.
  • Whistleblower policies and protections.
  • Conflict of interest management.
  • Corporate social responsibility and sustainability reporting.

Unit 5:

  • Audit committee effectiveness and best practices.
  • Evaluating audit committee performance.
  • Effective meeting management and decision-making.
  • The role of audit committees in crisis management.
  • Future trends and challenges facing audit committees.

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