TRAINING OVERVIEW

Introduction

In today’s rapidly evolving corporate landscape, the role of the audit committee has never been more critical. As organizations face increased scrutiny, regulatory complexity, and the need for transparency, it is essential for audit committee members to be equipped with the knowledge and skills necessary to navigate these challenges. “Being an Effective Member of the Audit Committee in a New Era of Governance” training is designed to address these pressing needs, empowering participants to excel in their roles, drive accountability, and safeguard organizational success.

Outlines

Session 1: Dynamics of Audit Committees

• Overview of Audit Committees: Purpose, composition, and role in corporate governance, And Legal and regulatory requirements governing audit committees
• Audit Committee Responsibilities: Financial reporting oversight and quality assurance, Internal control systems and risk management, External audit engagement and oversight, Compliance with laws, regulations, and ethical standards
• Key Challenges and Emerging Trends: Cybersecurity risks and data privacy considerations, Technology-driven disruption and its impact on auditing, Environmental, social, and governance (ESG) considerations

Session 2: Enhancing Audit Committee Effectiveness

• Risk Oversight and Internal Controls: Evaluating and strengthening the risk management framework, Monitoring internal controls and fraud prevention measures
• Financial Reporting and Audit Quality: Understanding financial statements and disclosures, Effective interaction with auditors and audit quality considerations, Enhancing the audit committee’s role in financial reporting integrity
• Corporate Culture and Ethical Behaviour: Fostering a culture of integrity and ethical decision-making, Assessing and managing conflicts of interest, whistleblower mechanisms and handling allegations of misconduct
• Regulatory Compliance and Legal Considerations: Staying abreast of relevant regulations and legal developments, Ensuring compliance with laws and regulations, effective board and committee governance practices,
• Evaluating and Evolving Audit Committee Performance: Self-assessment and continuous improvement of committee effectiveness, enhancing communication and collaboration with the board and management, adapting to changing governance landscape and emerging challenges.

Target Audience

This training is specifically designed for:

1. Current and prospective audit committee members: Enhance your expertise and maximize your effectiveness as an audit committee member.
2. Directors, and executives: Deepen your understanding of audit committees and strengthen governance practices within your organization.
3. Individuals seeking to advance their governance knowledge: Expand your skill set and gain a competitive edge in the corporate governance landscape.

Benefits of the Training

By attending this training, participants can expect the following benefits:

1. Comprehensive understanding: Gain a thorough knowledge of audit committee responsibilities, enabling you to fulfill your role with confidence and competence.
2. Cutting-edge insights: Stay ahead of emerging trends, regulatory changes, and best practices, ensuring your organization’s governance remains current and effective.
3. Strengthened oversight capabilities: Develop the skills to effectively oversee financial reporting, risk management, and compliance, mitigating potential risks and enhancing accountability.
4. Ethical decision-making: Enhance your ethical judgment and decision-making abilities, fostering a culture of integrity within your organization.

Date –  Thursday , September 14th,2023.

Time – 10:00 Am 
Venue – Virtual
Training Fee: 150,000