Course Overview
With the ever-changing regulatory landscape, setting the tone at the top has never been more important. Organizations rely on the judgment of audit committee members to appropriately oversee areas such as risk, compliance, financial reporting and corporate resources. The expectations and obligations on audit committees continue to evolve in response to governance developments and the need for Boards and governing bodies to demonstrate that they are adhering to relevant audit, assurance and risk management requirements. It is therefore imperative for audit committee members to remain up to date and aware of changes to their responsibilities.
Duration
5 Days
Target Audience
- Audit committee members
- Internal auditors
- Financial officers and controllers
- Senior management teams
- Compliance and risk management professionals
- Corporate governance professionals
- Legal and regulatory compliance officers
- Board members
Course Level:
Course Objectives
• Understand and examine role and responsibilities of the Audit; Committee as part of governance and assurance systems
• Equip members of the Audit Committee with modern oversight skills in Risk based auditing and reporting;
• Have a greater understanding of the legal, regulatory and professional obligations for audit committees ;
• Perform their monitoring, evaluation, compliance, monitoring and other oversight duties effectively;
• Recognize professional obligations for Audit Committee;
• Appreciate features and learn how to assesses the effectiveness of Audit committees .
Course Outline
Module 1: Roles and Responsibilities of the Audit Committee
- Defining key roles and functions of the Audit Committee
- Understanding responsibilities related to financial oversight, risk management, and compliance
- Key interactions with internal audit, senior management, and the Board
Module 2: Audit Committee Structure and Relationships
- Crafting and understanding Audit Committee charters
- Composing an effective Audit Committee and establishing relationships with senior management
- Ensuring effective communication and collaboration with the internal audit function and the Board
Module 3: Building an Effective Internal Audit Function
- Balancing objectivity and independence within the Internal Audit function
- Strategies for enhancing the effectiveness of internal audits
- Assurance arrangements and their role in corporate governance
Module 4: Governance, Risk, and Compliance Oversight
- The Audit Committee’s role in Governance, Risk Management, and Compliance (GRC)
- Financial reporting oversight and best practices
- Navigating the legal and regulatory environment impacting audit committees
Module 5: Ethical Leadership and Complex Dilemmas
- Becoming an ethical leader within the Audit Committee
- Handling complex ethical dilemmas and conflicts of interest
- Assessing and improving Audit Committee effectiveness and accountability
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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