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 self-study webinar, we will discuss:
- The audit committee’s role and priorities
- Potential changes in oversight
- Keys to enhance risk management oversight
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) - 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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