

Audit Committees in a New Era of Governance
Overview:
Introduction:
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.