This webinar will focus on understanding and identifying the roles within the audit committee and the evolving nature of oversight management.

• The Role of the Audit Committee
  – Financial reporting and risk oversight
  – Ethics and compliance
  – Oversight of audit (internal and external)
  – Future priorities
• The Evolving Oversight Role
• Enhancing Audit Committee Effectiveness
  – Improving quality of presentations and meetings
  – Increasing discussion and engagement 
  – Improving pre-meeting preparation

Dotty Hayes, Board Chair and Audit Committee Financial Expert, BigBear.ai 

Jennifer Lee, Americas Center for Board Matters Managing Director, Ernst & Young 

John Levy, Chief Executive Officer & Principal Consultant, BoardAdvisory.net 

Vanessa Teitelbaum, Audit Committee Chair, Senior Director, Center for Audit Quality (CAQ)

This self-study webinar will focus on understanding and identifying the roles within the audit committee and the evolving nature of oversight management.

DETAILED LEARNING OBJECTIVES

• Explain the role of SOC reports in third-party risk management and vendor oversight

• Differentiate among SOC 1, SOC 2, SOC 3, and SOC for Cybersecurity reports

• Identify the appropriate SOC report to request based on specific business and assurance needs

• Describe the key sections of a SOC report and their purpose

• Evaluate auditor opinions, exceptions, and control testing results within SOC reports

• Recognize the importance of Complementary User Entity Controls (CUECs) and subservice organizations

• Apply professional judgment when relying on SOC reports for risk management and assurance purposes

• Assess emerging risks associated with AI-enabled vendor environments and the limitations of existing SOC reporting

• The Role of the Audit Committee
  – Financial reporting and risk oversight
  – Ethics and compliance
  – Oversight of audit (internal and external)
  – Future priorities
• The Evolving Oversight Role
• Enhancing Audit Committee Effectiveness
  – Improving quality of presentations and meetings
  – Increasing discussion and engagement 
  – Improving pre-meeting preparation

Dotty Hayes, Board Chair and Audit Committee Financial Expert, BigBear.ai 

Jennifer Lee, Americas Center for Board Matters Managing Director, Ernst & Young 

John Levy, Chief Executive Officer & Principal Consultant, BoardAdvisory.net 

Vanessa Teitelbaum, Audit Committee Chair, Senior Director, Center for Audit Quality (CAQ)