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When public bodies get into difficulties and/or governance failure occurs, one of the first questions that is asked is “Where was the Audit and Risk Committee?”.
In this course, you will gain a detailed understanding of the roles and responsibilities of the Audit and Risk Committee and practical guidance on the critical success factors that will determine whether or not an Audit and Risk Committee is successful. In addition to covering the fundamental roles and responsibilities, the program will cover:
- The Audit and Risk Committee’s role in relation to risk management and setting risk appetite
- Relationships with the Board, other Committees, Chief Executive and Director of Finance
- How the Committee and members can really add value to the organization
- Reviewing the effectiveness of the Audit and Risk Committee
Curriculum
- 5 Sections
- 19 Lessons
- Lifetime
Expand all sectionsCollapse all sections
- Getting The Basics Right7
- 1.0Fundamental roles and responsibilities of the Audit and Risk Committee
- 1.1Formation of Audit Committees
- 1.2Approving the internal audit plan
- 1.3Following up audit recommendations
- 1.4Mechanics of committee business and the role of the Secretary
- 1.5Information requirements of the Audit and Risk Committee
- 1.6Financial reporting and internal control
- Relationships Between The Audit And Risk Committee And...4
- Learning from Governance Failure2
- The Audit & Risk Committee And Risk Management3
- The Effectiveness Of The Audit And Risk Committee3
Target audiences
- Chairs and Members of Audit and Risk Committees
- Chief Executive Officers
- Directors of Finance (or equivalent)
- Internal Audit Staff
- Other relevant senior managers