Effective Audit Committees

Summary
Most Audit Committees do not want to make headlines and they want to make sure that they are effective in what they do. This hands on course will reinforce your understanding of respective roles and reponsibilities and real life cases will provide you with insights and examples of what good, and bad, looks like. What better way to engage in a safe facilitated environment with your peers by learning and sharing from real and informed experiences

Venue details:  
Belfast, The Linenhall, 32-38 Linenhall Street, Belfast
Start date & time:  
21 November 2019 09:30
End date & time:  
21 November 2019 13:00
Price: €86.13  (€81.82 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50
CPD hours:  
3.50
Speaker details
First nameLast name
Niall Fitzgerald

Description

Product type:  
CPD course
Category:  
Insolvency and corporate recovery

Who should attend 

Whether you are, or considering to be, a member of an Audit Committee or you report to an Audit Committee, in Public, Private or Not-for-profit sector, this course is for you. While the course does contain an element of technical update it is delivered at a level and pace that is suitable for both qualified accountants and informed non-accountants alike.

Course Overview

  • Meeting expectations of your role on the Audit Committee – including consideration of Companies Acts requirements in addition to a number of other legislative/regulatory expectations, e.g. Charity/Not for Profit, Central Bank, Public Sector
  • Defining the Audit Committees Terms of Reference, reserved and delegated functions and collaboration with other Board Committees
  • Understanding the technical monitoring functions of the Audit Committee including Financial Reporting Exposure, Internal and External Audit decision making, Risk management and Internal Controls, Ethics, Speaking Up/Whistleblowing and Governance Frameworks.
  • Developing your knowledge and insights to assist your committee’s ability to be more effective including case studies and insights that explore practical issues, matters of concern and key learning points
  • Reference will be made to certain industry codes of governance but the workshop will be broad enough to apply to audit committees of any type or size of entity without going into specific detail on any particular industry (unless specific queries raised during interactive session).
  • Interactive discussion of risks and challenges for audit committees.

Key learning outcomes

  • Reinforce your understanding and better meet the expectations of your role on the Audit Committee
  • Achieve greater clarity on the best practice governance requirements in relation to Audit Committees
  • Reinforce or further your understanding of some of the more potentially complex technical and legal issues that can arise for an Audit Committee.
  • Develop your knowledge and insights in relation to practical issues and scenarios that can arise on an Audit Committee
  • Gain an overview of the external framework that audit committees in certain sectors are subject to.
  • Improve your ability to engage confidently in your role on the audit committee or reporting to the audit committee