Best Practices for Effective Audit Committees: Strengthening Organizational Oversight
 
As an Audit Committee, how can you fulfill your duty to safeguard your organization against risks?
 
This comprehensive two-hour CPE training seminar is designed to provide you with an in-depth understanding of audit committee responsibilities and equip you with the knowledge and skills to become an effective audit committee member.
 
Through this program, you will gain valuable insights into best practices across major fiduciary oversight areas specific to audit committees. Whether you are a director, an audit committee member, or an advisor to audit committees, this CPE program will help you grasp the full impact of recent and forthcoming legislation arising from the economic crisis. You will also learn about the expectations placed on audit committees in the current business landscape.
 
Tailored to meet the CPE education needs of senior officers, board members, and audit committee members, this seminar can be customized for private presentations to your audit committee, incorporating industry-specific examples. Our expert facilitators have delivered this program successfully across various sectors, including healthcare, banking, casinos, retail, insurance, and non-profit organizations.
 
Key topics covered in the Audit Committee Seminar include:
A comprehensive overview of audit committee responsibilities
Understanding and implementing best practices in fiduciary oversight areas
Navigating the impact of recent and pending legislation on audit committees
Adapting to the evolving expectations in the current business environment
 
This internal control training course will provide each attendee with  2 CPE Event Hours (YB) and each will receive a certificate of completion, affirming your enhanced expertise in audit committee best practices.
 
Join us to strengthen your organization's oversight capabilities, protect against risks, and fulfill your audit committee's crucial role. Register now to secure your spot in this insightful and informative seminar.

Best Practices: Audit Committee - In-person

Name: Best Practices: Audit Committee - In-person
Brand: Governance

$190.00

Event Date:

Primary Attendee (Optional) (optional)

Quantity

Being offered on Mondays at 3:00 p.m. to 5:00 p.m. for the 2 CPE event.

We can schedule private events on your timetable for two or more attendees.
The purpose of this seminar is to provide each attendee with a high-level understanding of the Audit Committee's major fiduciary oversight and responsibilities concerning:

Financial Closing and Reporting Process

Risk Management Process

Internal Control over Financial Reporting (ICFR)

External Auditor Services

External Accounting and Internal Audit Services

Key Governance Controls

Alternative Communication Controls

Special Investigations

Audit Committee Management and Reporting Responsibilities

Best Practices for the Audit Committee was developed from numerous sources of authoritative information on the function. Please refer to the following webpage for a summary of these sources
What you will hear at this seminar is:

The most important recent developments for audit committees

The governance role of the Audit Committee

Effective oversight of Internal Control over Financial Reporting (ICFR)

Effective oversight of the external auditor

External Accounting and Internal Audit Services

Key Governance Controls

Alternative Communication Controls

Special Investigations

Audit Committee Management and Reporting Responsibilities
Introduction

Section 1 - What defines an audit committee?

What is an audit committee?

Boards and sub-committees

Audit committee charter

Good corporate governance

Section 2 - The Influence of an Audit Committee

Audit committee responsibilities

Attributes of audit committee directors

Section 3 - Audit Committee Challenges

The "Enron" approach

Dependence on expertise and integrity

Quality of auditor services

Compliance programs

Section 4 - Risk, Fraud and Internal Control

Does the organization have weak controls?

Tone at the top

What is internal control?

COSO 2013

Financial statement risk

"Risk Management"

Section 5 - Impact of the Sarbanes-Oxley Act

Sarbanes-Oxley Act

Public Company Accounting Oversite Board (PCAOB)

Management's certifications

Section 6 - Financial Statement Review
Building knowledge
"Materiality" and "Misstatements"
Financial statement estimates

Section 7 - Managing the Relationship with Auditors
- PCAOB Auditing Standard # 16
- Management vs. auditor responsibilities
- Evaluating auditor capabilities
- Why require Internal Audit?
- What Should an Internal Auditor Do?

Section 8 - Compliance and Ethics
- Responsibilities for ethical behavior
- "Culture of Compliance"

Section 9 - Audit Committee Reports and Assessments
- Audit committee self-assessment

Section 10 - Going Forward
The CPE event "Best Practices: Audit Committee - In-person" focuses on providing comprehensive insights into the best practices for conducting in-person audit committee meetings. The event delves into the key considerations and protocols essential for ensuring the effectiveness and efficiency of audit committee meetings within organizations.

Key topics covered in this event may include:

Meeting Agenda Design: Guidance on structuring a well-defined meeting agenda, emphasizing crucial areas of discussion and decision-making within the audit committee's purview.

Risk Assessment and Oversight: Insight into the best practices for risk assessment and oversight, enabling the audit committee to fulfill its crucial function in mitigating organizational risks.

Financial Reporting and Compliance Updates: Updates on financial reporting requirements and compliance standards, equipping committee members with the latest industry knowledge.

Internal Controls Evaluation: Best practices for evaluating internal controls, ensuring robust governance and risk management frameworks.

Communication and Collaboration: Strategies for fostering effective communication and collaboration among audit committee members, management, and external auditors.

By addressing these critical aspects, the CPE event aims to empower audit committee members with the knowledge and tools necessary to fulfill their responsibilities effectively, ultimately contributing to improved governance and risk management within their organizations.

Best Practices: Audit Committee - In-person

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

NASBA Program Disclosure

Summary of the Subject Matter

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