Audit Committee Member Training

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The Programme

The expectations and obligations on audit committees continue to evolve in response to governance developments and the need for Boards and governing bodies to demonstrate that they are adhering to relevant audit, assurance and risk management requirements. The Audit Committee Charter will set out the duties of the Audit Committee in areas such as internal control, internal audit, external audit, financial reporting, risk management, reporting relationships within the organisation and its interaction with other committees.  This course will be delivered as a two-hour online specialist-led course.

This event will be of benefit to new Audit (and Risk) Committee Members and those who wish to benchmark how their audit committee is functioning.

Who is this for?

This course will be of benefit to new audit committee members and those who wish to benchmark how their audit committee is functioning.

Learning Outcomes

Upon completion of this course, participants will:

• Understand the role and responsibilities of the Audit (and Risk) Committee as part of the governance and assurance systems with organisations;
• Review and consider the essential features of effective Audit (and Risk)  Committees;
• Examine the specific responsibilities of the Audit (and Risk)  Committee;
• Consider the key elements of the annual Audit (and Risk)  Committee work programme;
• Have a greater understanding of the legal, regulatory and professional obligations for Audit (and Risk)  Committees.

Course Content

The course will cover the following areas:

• Role and responsibilities of Audit (and Risk) Committees
• Audit (and Risk) Committee charters
• Relationships with senior management, internal audit and Board
• Audit (and Risk) Committee work programme
• Risk management systems and audit oversight
• Assurance arrangements
• Assessing Audit (and Risk) Committee effectiveness
• Implications of current circumstances and Covid-19 related uncertainties and vulnerabilities

Other Information

This workshop can be tailored to the specific needs of individual audit committees and run in-house in organisations as required. Please email training@ipa.ie if you would like further information about customised training.

Course Leader

This course will be delivered by members of our experienced Governance Team: Dr Nicolas Marcoux, Kate O'Donnell, Dr Tom Ward and Aidan Horan.

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