Learners will get on-demand access to this course on October 1 to study at your own pace.
HOW THIS COURSE WILL BENEFIT YOU
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.
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
- 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.