Audit Committee Effectiveness

By directors For directors^TM

The ICD’s new Audit Committee Effectiveness program is designed by directors for directors. The one-day course provides practical knowledge to help directors better understand the issues and dynamics facing audit committees, enabling more effective oversight and value creation by directors of medium and large organizations and publicly-listed companies. Participants will dissect the annual work plan of an audit committee, with a focus on how they can most efficiently discharge their duties as members of the audit committee, while adding value to the organizations they serve.
 
The course will immerse participants in real-life examples and experiences, best practices, and topical issues. The class will engage in in-depth studies of topics faced by Audit Committee members including:

• Evolving regulations impacting Audit Committees today
• The role of the Audit Committee Chair and his/her relationship with other board and management stakeholders
• The Audit Committee’s role in risk oversight and risk management
• Key internal relationships including the CFO, HR/Compensation Committee and Risk Committee
• The internal and external audit functions, including relationship dynamics with the external auditor
• Other key external relationships including regulators
• Non-standard issues faced by Audit Committees including whistleblowers, fraud, and material restatements