Mastering Audit Committee Effectiveness and Best Practices Event, 02.Jun.2025

Course Description

This intensive 5-day course provides a comprehensive understanding of audit committee roles, responsibilities, and best practices. Participants will gain practical knowledge on financial oversight, risk management, and corporate governance to enhance audit committee effectiveness and organizational integrity.

Learning Objectives

• Understand the core responsibilities and functions of an effective audit committee
• Develop skills for financial reporting oversight and risk management
• Learn best practices for internal control evaluation and fraud prevention
• Enhance communication and collaboration with key stakeholders
• Master techniques for improving audit committee performance and governance

Course Modules

Day 1: Foundations of Audit Committee Excellence

• Audit committee roles and responsibilities
• Regulatory framework and compliance requirements
• Developing an effective audit committee charter
• Building a high-performing audit committee team

Day 2: Financial Reporting and Oversight

• Financial statement analysis and interpretation
• Overseeing the financial reporting process
• Evaluating accounting policies and estimates
• Ensuring fair and transparent financial disclosures

Day 3: Risk Management and Internal Controls

• Enterprise risk management frameworks
• Assessing and mitigating financial and operational risks
• Evaluating internal control effectiveness
• Cybersecurity and IT risk oversight

Day 4: Audit Planning and Execution

• Collaborating with internal and external auditors
• Reviewing and approving the audit plan
• Evaluating audit quality and independence
• Addressing audit findings and recommendations

Day 5: Governance and Continuous Improvement

• Ethics and compliance program oversight
• Whistleblower mechanisms and fraud prevention
• Enhancing audit committee reporting to the board
• Continuous improvement and self-assessment techniques

Practical Wins for Participants

• Develop a comprehensive audit committee charter and annual work plan
• Create a risk assessment matrix for effective organizational oversight
• Establish a framework for evaluating internal control effectiveness
• Design an audit committee performance evaluation process