Course details
Course details
Seminar content
Audit committees play a central role in protecting organisational integrity, strengthening corporate governance, and providing independent oversight of financial reporting, internal controls, risk management, and assurance activities. As organisations face increasingly complex regulatory requirements, technological disruption, cybersecurity threats, financial uncertainty, and heightened stakeholder expectations, the responsibilities of audit committees continue to evolve.
Modern audit committees must move beyond traditional financial reporting oversight to adopt a more forward-looking approach to governance. This requires a strong understanding of emerging risks, organisational resilience, digital transformation, fraud prevention, regulatory compliance, and the effectiveness of internal and external assurance functions.
Audit committee members are expected to challenge management constructively, exercise independent judgment, evaluate the reliability of financial and non-financial information, and ensure that significant risks and control weaknesses receive appropriate attention. Achieving these responsibilities requires technical knowledge, effective communication, sound governance structures, and a clear understanding of the committee's authority and accountability.
The Audit Committees in a New Era of Governance course provides board members, audit committee professionals, senior executives, and governance specialists with practical frameworks for strengthening audit committee effectiveness.
Participants examine audit committee composition, responsibilities, financial reporting oversight, internal and external audit relationships, enterprise risk management, cybersecurity governance, fraud risk, sustainability reporting, and emerging assurance expectations.
Through governance case studies, boardroom simulations, and practical exercises, participants develop the skills to evaluate committee performance, challenge complex information, oversee assurance arrangements, and support transparent, accountable organisational governance.
Unclear audit committee responsibilities: Establishing well-defined committee mandates, oversight responsibilities, reporting relationships, and boundaries between governance and executive management.
Weak financial reporting oversight: Strengthening the review of financial statements, significant accounting judgments, audit findings, and reporting integrity.
Ineffective internal and external audit coordination: Improving oversight of audit independence, assurance coverage, audit quality, and the resolution of significant findings.
Limited visibility of emerging organisational risks: Expanding audit committee oversight to address cybersecurity, digital transformation, third-party exposure, fraud, and operational resilience.
Insufficient challenge of management decisions: Developing effective questioning techniques, professional scepticism, and evidence-based governance discussions.
Poor follow-up on control deficiencies: Establishing clear mechanisms for tracking audit recommendations, management action plans, and unresolved governance concerns.
Inadequate audit committee performance evaluation: Applying structured assessments of committee composition, competencies, meeting effectiveness, information quality, and governance outcomes.
The programme combines instructor-led governance discussions, audit committee case studies, regulatory and governance framework analysis, boardroom simulations, financial reporting reviews, and practical committee effectiveness workshops.
Participants examine illustrative audit committee charters, meeting agendas, board reports, financial statements, internal audit findings, external auditor communications, risk registers, and management action plans.
Practical exercises focus on evaluating governance arrangements, challenging financial and risk information, reviewing assurance reports, preparing audit committee questions, and developing recommendations to strengthen committee oversight and effectiveness.
By the end of this course, participants will be able to:
Explain the evolving role of audit committees in modern corporate governance
Evaluate audit committee responsibilities, authority, independence, and accountability
Develop effective audit committee charters and governance arrangements
Strengthen oversight of financial reporting, accounting judgments, and disclosure quality
Assess internal control systems and enterprise risk management frameworks
Evaluate the independence, performance, and effectiveness of internal audit functions
Oversee external auditor appointment, independence, audit quality, and reporting
Identify emerging risks involving cybersecurity, fraud, technology, and third parties
Apply effective questioning and professional scepticism in committee discussions
Strengthen coordination between the audit committee, board, management, and assurance providers
Establish effective reporting, escalation, and audit finding follow-up procedures
Develop audit committee performance evaluation and continuous improvement frameworks
This course is suitable for:
Audit committee chairs and members
Board directors and independent non-executive directors
Board secretaries and corporate governance professionals
Chief audit executives and internal audit directors
Chief financial officers and finance directors
Chief risk officers and enterprise risk managers
Compliance directors and regulatory affairs professionals
External audit partners and senior assurance professionals
Corporate governance and internal control specialists
Senior executives preparing for audit committee or board oversight responsibilities
Participants will develop competencies in:
Audit committee governance and oversight
Board-level financial reporting evaluation
Internal control and risk governance
Internal audit effectiveness assessment
External audit oversight and independence
Fraud and compliance risk oversight
Cybersecurity and emerging risk governance
Professional scepticism and constructive challenge
Audit committee reporting and stakeholder communication
Committee effectiveness evaluation and improvement
Benefits
Methodology
Target audience
Seminar details
Understanding the purpose, responsibilities, and strategic importance of audit committees within contemporary corporate governance structures
Examining internationally recognised governance principles and relevant jurisdiction-specific expectations for audit committee oversight
Evaluating audit committee composition, independence, financial literacy, professional expertise, and member appointment considerations
Developing audit committee charters covering authority, responsibilities, meeting arrangements, access to information, and reporting obligations
Defining governance relationships between the audit committee, board of directors, executive management, internal audit, external auditors, and other board committees
Practical workshop: Reviewing and improving an audit committee charter to address governance responsibilities, committee independence, and emerging oversight requirements
Strengthening audit committee oversight of financial statements, accounting policies, significant estimates, and complex financial reporting judgments
Evaluating financial reporting risks involving revenue recognition, asset valuation, provisions, related-party transactions, and material disclosures
Understanding management responsibilities for internal control systems and the audit committee's role in evaluating control effectiveness
Reviewing internal control deficiencies, financial reporting exceptions, management override risks, and remediation priorities
Applying professional scepticism and structured questioning techniques when reviewing management explanations and financial information
Practical exercise: Conducting a simulated audit committee review of financial statements, significant accounting judgments, and reported internal control weaknesses
Evaluating the internal audit function's mandate, independence, organisational positioning, resources, and alignment with the IIA Global Internal Audit Standards
Reviewing risk-based internal audit plans, assurance coverage, audit findings, management responses, and unresolved control deficiencies
Understanding the audit committee's responsibilities in overseeing external auditor appointment, independence, objectivity, performance, and audit quality
Examining external audit planning, significant audit risks, key audit matters where applicable, management letters, and auditor communications
Strengthening coordination between internal audit, external audit, compliance, risk management, and other assurance providers to reduce gaps and duplication
Boardroom simulation: Reviewing internal and external audit reports, challenging significant findings, and establishing appropriate management follow-up actions
Evaluating the audit committee's role in overseeing enterprise risk management, risk appetite, significant organisational exposures, and risk escalation
Understanding cybersecurity governance, information security controls, data privacy risks, technology dependencies, and digital operational resilience
Assessing the governance implications of artificial intelligence, automated decision-making, data analytics, and emerging digital technologies
Strengthening oversight of fraud risk management, whistleblowing arrangements, ethics programmes, investigations, and regulatory compliance
Evaluating third-party risk, outsourcing arrangements, supply chain dependencies, and business continuity assurance
Case study: Assessing a complex governance scenario involving cybersecurity incidents, financial control weaknesses, and emerging compliance risks to determine audit committee priorities
Designing effective audit committee agendas, annual work plans, meeting schedules, and reporting arrangements aligned with significant organisational risks
Improving the quality of information provided to committee members through concise assurance reports, risk indicators, dashboards, and management presentations
Developing structured approaches to management challenge, issue escalation, action tracking, and reporting significant concerns to the board
Evaluating audit committee effectiveness through self-assessment, independent evaluation, competency reviews, meeting quality, and oversight outcomes
Addressing emerging governance expectations involving sustainability disclosures, non-financial reporting assurance, stakeholder accountability, and regulatory developments
Capstone exercise: Developing and presenting an Audit Committee Governance and Effectiveness Improvement Plan covering committee responsibilities, financial reporting oversight, assurance coordination, emerging risks, performance indicators, and priority governance actions
Dates and locations
Course certificate
Every participant who completes this seminar receives a professional course certificate from INFORAMTECH.
Information about
Your seat is confirmed once full payment has been received.
Yes, we offer the following discounts for group bookings:
No, discounts cannot be combined unless explicitly stated.
We accept bank transfers, credit/debit cards, and selected online payment methods.
Full payment must be completed before the course start date to secure your participation.
VAT treatment depends on your location and status:
Yes, all participants receive an official invoice. EU companies must provide a valid VAT number.
Yes, cancellations must be submitted in writing.
Yes, substitutions are allowed at no extra cost if requested before the course start date.
We reserve the right to reschedule or cancel a course due to unforeseen circumstances. In such cases, you may:
Yes, all participants will receive a certificate of completion after attending the course.
Yes, full attendance is required to receive certification.
We offer both in-person and virtual (live online) training options.
Yes, all participants receive training materials in digital format.
No, participants are responsible for their own travel and accommodation unless otherwise stated.
Yes, we offer tailored training programs based on your organization's needs.
You can reach us via email info@informatech.uk or through our contact form. Our team will respond promptly.
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