Audit Committee Certificate

EVENT DESCRIPTION

Learners will get on-demand access to this course on October 1 to study at your own pace.

This certificate program is valuable for finance leaders who wish to enhance their knowledge and expertise in financial reporting and strengthen their relationships with the audit committee. It will also enhance your credibility, respect from peers and audit committee and add value to your organization.

This course will feature new audit committee content, a marked assessment, and an AUDIT COMMITTEE CERTIFICATE upon successful completion of the course.

This course comprises two modules:

• Module One: The Role of the Audit Committee
• Module Two: Emerging Trends and Evolving Responsibilities

The Audit Committee has one of the most important, and misunderstood, roles in an organization. Be it a public company, private company or not-for-profit entity many organizations must have, or may voluntarily create an Audit Committee. The Audit Committee’s primary obligation to the organization, and by default its owners and funders, is to confirm that the financial reporting is accurate and timely.

Organizations and the Audit Committee must amend their processes on an ongoing basis to accommodate changing circumstances in order to be effective. There are responsibilities assigned to the Audit Committee, some legislative and the remainder common practice, that this course will examine in detail.

KEY TAKEAWAYS

The course offers:

• An outline of the audit committee’s roles and responsibilities in relation to monitoring the audit process, anti-money laundering, reviewing fairness and transparency of financial reporting.
• An understanding of the way the audit committee works with other committees and the Board of Directors
• A listing of emerging trends that are causing a shift in the responsibilities of the audit committees
• Best practices for performing a reasonability review of financial results

LEARNING OUTCOMES:

• Examine how the audit committee monitors ethics and conflicts of interest
• Define the four pillars of risks and controls- Corporate Governance, Enterprise Risk Management, Internal Controls over Financial Reporting and Operations Reporting
• Explain the impact of ESG, Cyber Risks and other emerging areas on the role of Audit Committee
• Define Parkinson’s law and provide an approach for the audit committee to reduce its impact

WHO WILL BENEFIT

All CPAs and finance professionals who are current or prospective members of an Audit Committee or finance leaders who report to the Audit Committee.

PRICING

Sale until Jun 01, 2023

Status: Registration open until Dec 31, 2023

LOCATION

Online

SPEAKER(S) BIO

Philip Maguire is a Chartered Professional Accountant and Chartered Accountant who received his designation while employed at Ernst & Young (formerly Clarkson Gordon) and a Certified Information Systems Auditor finalist. Philip is a principal in Glenidan Consultancy Ltd., an accounting practice that specializes in Compliance and Internal Audit. Philip has over 30 years of business experience in Canada, Hong Kong, the Philippines, Ireland and the United States. His organization has implemented a number of assignments across a variety of industries for companies with market capitalizations ranging from $50 million to $2 billion. Before he formed Glenidan Consultancy in 2005 Philip was a Vice-President of Finance at one of the country's largest financial institutions. Philip has spoken at a number of accounting conferences across Canada. He is a member of the Accounting Standards Board Insurance Accounting Task Force- Associates Group: the Ontario Securities Commission’s Continuous Disclosure Advisory Committee: the Steering Committee of XBRL Canada: and the Committee on Corporate Reporting of Financial Executives International (Canada). Philip has been a guest speaker on several television shows such as The Prosperity Show, Money in the Bank and Your Wealth and has contributed many articles to the Canada Business Wire on matters dealing with personal finance. He is a former Chairman of the Multiple Sclerosis Society, Ontario Division, Mississauga Chapter. Philip is a mentor for the Ryerson University’s StartMeUp program and the Chartered Professional Accountants (CPA) Ontario MAP to Success program. Philip is also the founder and Managing Director of Executive Mentors Inc. Executive Mentors has retained a number of retired business executives who have the time, energy and wisdom to mentor Canada’s next generation of entrepreneurs and business leaders.