Program Details

AUDIT COMMITTEE ESSENTIALS PROGRAM

This is a MUST ATTEND OPPORTUNITY for members of Audit Committees and those who serve Audit Committees to maximize the effectiveness of their 21st Century Audit Committee.

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The Audit Committee Essentials  Program, like our Governance Essentials Program, is raising the bar of professionalism in Audit Committees. This ‘gold standard’ director education program enhances executive decision-making and adds unparalleled value for Audit Committees in Canada.

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4 KEY TOPICS:

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• The 21st Century Audit Committee: A BIG Picture overview of Key Topics and Issues – What every Audit Committee Member MUST know to survive and thrive in today’s tumultuous environment

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• Essential Audit Committee Processes and Committee Composition for Enhanced AC Effectiveness

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• Two CRITICAL Relationships to be Nurtured by EVERY Audit Committee: The External and Internal Auditors

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• Risk Management Processes and the Nature of Risk Oversight by the Audit Committee

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WHAT YOU WILL LEARN AND TAKE BACK TO YOUR AUDIT COMMITTEES

• Understanding the changing roles, responsibilities and accountabilities of the audit committee;

• The importance and key components of audit committee charters and work plans;

• Critical issues in the audit committee’s responsibility for financial reporting;

• Defining the committee’s role in risk management, internal control and related disclosure;

• Audit committee composition and qualification of members;

• Maximizing the audit committee’s relationships with management, the board, and both the internal and external auditors;

• Effective meeting processes and high quality, timely information;

• Paying attention to red flags and asking the right questions;

• Resolving differences of opinion and conflict within the audit committee and between players interacting with the Audit Committee; and

• Committee performance evaluation and continual improvement.

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