Audit Committee's Role in Financial Reporting & Oversight Webinar
Overview
Audit committees play a crucial role in overseeing financial reporting, risk management, internal controls, audit activities, and organizational compliance. This course provides a practical update on the evolving responsibilities of audit committees and the emerging issues shaping boardroom discussions today. Participants will explore current priorities—including AI, cybersecurity, geopolitical uncertainty, talent challenges, and regulatory developments—while examining strategies for strengthening oversight and enhancing audit committee effectiveness. You’ll learn:
- The audit committee’s responsibilities related to financial reporting, internal controls, risk oversight, and audit functions
- Current challenges and priorities affecting audit committees, including AI, cyber risk, economic uncertainty, and regulatory change
- Practical approaches for improving audit committee performance, governance practices, and stakeholder communication
Objective
To provide CPAs and other finance professionals with a practical understanding of the audit committee’s role in financial oversight and risk management, enabling them to address emerging challenges, strengthen governance practices, and enhance audit committee effectiveness.
Emphasis
- Role of the audit committee in:
– Financial reporting (including internal controls)
– Risk
– Internal and external audit
– Ethics and compliance - Current audit committee priorities:
– Macroeconomic volatility
– Geopolitical uncertainty
– AI
– Cyber risk
– Talent
– Regulatory developments - Regulatory update
- Internal audit perceptions
- How to enhance audit committee effectiveness
Speakers
Moderator:
Fiona Kaufmann, EY Americas Center for Board Matters - Associate Director, Ernst & Young LLP
Panelists:
Bill Molloie, Board Member, Audit Committee Chair, Lecturer UCSD Rady School of Management, PwC Partner (retired)
Vanessa Teitelbaum, Senior Director, Professional Practice, Center for Audit Quality
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