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ACBP
Audit Committee Best Practices

Rating:
4.8
English
Intermediate to Advanced
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Course Overview

The role of the Audit Committee as always been challenging but fruitful for a sound organization governance. Nevertheless, risks and expectations are increasing, leaving the Committee with more responsibilities and challenges.
To assist Audit Committee members in achieving their obligations, best practices are evolving to support them in:
→ Understanding the organization strategy to focus on key risks.
→ Setting a value-added calendar to avoid “audit gaps” and support reporting.
→ Understanding and supporting the internal audit and other assurance functions.
→ Managing ethics and fraud related issues.
During this engaging course, the participants will be able to discuss best practices and leave with comprehensive tools and approaches to apply in their organization.

Key Takeaways

1
Understand Audit Committee core responsibilities and Board expectations.
2
Review best practices and insure flawless implementation.
3
Discuss different approaches based on the organization maturity.
4
Use a comprehensive toolkit to improve Audit Committee performance.

National Association of State Boards of Accountancy
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LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

Course Outline

Section 1
Audit Committee Core Responsibilities
→ Evolution of the audit committee and it risks
→ Charter and key responsibilities
→ Committee composition and proficiency
→ Meetings and working agendas
→ Annual self-assessment
Section 2
Financial Reporting and Disclosures
→ Reviewing quarterly and annual results (blind spots)
→ Management assessment of internal controls over financial reporting
→ Budget, forecasts, and other performance assessment
Section 3
Risk Management and Internal Control
→ Responsibilities over enterprise risk management process
→ Internal controls frameworks what works best
→ Compliance and other assurance functions
→ Information technology and cybersecurity
Section 4
Oversight of the Internal Audit Function
→ Appointing the Chief Audit Executive with the right approach
→ Planning for priorities
→ Reviewing results and issues with management
→ Mastering the three lines of defense model
→ Supporting role for the Audit Committee
Section 5
Oversight of External Auditors
→ Selecting process and practices
→ Materiality setting
→ Reviewing results and issues with management
Section 6
Fraud and Ethics
→ Fiduciary responsibilities
→ Setting the tone at the top practices
→ Whistleblower
Section 7
Reporting to the Board
→ Responsibilities, disclosure, and communication
Section 8
Five Key Focus for 2022

Who Should Attend?

This highly practical and interactive course has been specifically designed for
This training course is appropriate for senior auditors, audit executives and audit committee members seeking professional development to learn, enhance or implement best practices in their organization.

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FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

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