Audit Committee's Role in Financial Reporting & Oversight Self-Study Webinar
Overview
Audit committees play a vital role in a company’s financial reporting as they provide oversight of the reporting process, the audit process, the company's system of internal controls, and compliance with laws and regulations. In this guided discussion, we will cover:
- The audit committee’s role and priorities
- Potential changes in oversight
- Ways to bolster audit committee effectiveness
SPEAKERS:
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)
Objective
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
• Identify the role of the audit committee
• Recognize common general responsibilities of an audit committee
• Identify top priorities for audit committees in the coming months
• Recognize the relationship between internal audit and audit committees
• Identify how internal audit adds value within an organization
Emphasis
- 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
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