Audit Committee's Role in Financial Reporting & Oversight Webinar (1 Hour)

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 discuss:

  • The audit committee’s role and priorities
  • Potential changes in oversight
  • Keys to enhance risk management oversight
     
Objective: 

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

Emphasis: 
  • The Role of the Audit Committee
    – Financial reporting and risk oversight
    – Ethics and compliance
    – Oversight of audit (internal and external)
  • The Evolving Oversight Role
  • Keys to Enhance Risk Management Oversight
    – Enterprise Risk Management (ERM)
    – Incorporating external data sources
    – Increasing scenario planning
    – Incorporating diverse perspectives and specialized expertise
    – Transparency with stakeholders
    – Building resiliency and sustainability
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Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
1.00
NASBA Field of Study: 
Accounting