The expectations of audit committees are higher than ever. Members are expected to be proactive, informed, investigative, and accountable. Stakeholders rely on audit committees to execute their oversight duties while keeping up with an increasingly complex financial reporting environment and an ever-changing regulatory landscape. The audit committee should provide oversight of financial reporting, risk management, internal control, compliance, ethics, management, internal audit, and external auditor. Setting the appropriate tone at the top has never been more important for audit committees or boards as a whole.
This course covers best practices of core responsibilities and functions of the audit committee and provides tools and techniques to help audit committee members manage their responsibilities and heighten awareness of governance issues to increase the audit committee effectiveness. The course will help organizations establish an effective audit committee based on current best practices.