Audit Committee Effectiveness In The Post-covid-19 Pandemic Era

  • Accountant
  • CPA (CA)
  • CRMA
  • CIA
  • CMA
  • CPA (US)
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: August, 2021

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Evolution of Audit Committees
    5 mins
  • Audit Committee Relationship with Others
    11 mins
  • Audit Committee Charter
    22 mins
  • Internal Control and Risk Assessment Oversight
    35 mins
  • Anti-Fraud Oversight Function
    49 mins

Course Description

The landscape of effective corporate governance and vigilant oversight function by the board of directors and its audit committee is changing and becomes more relevant during and in the aftermath the COVID-19 pandemic. Many business organizations face significant uncertainty and continuity issues, and the demand for transparency and confidence in their financial and non-financial information. Restoring public confidence requires a significant coordinated effort, regulatory measures, and best practices by policymakers, regulators, business organizations, audit committees and the accounting profession. Audit committees should be vigilant , engaged and informed and receive relevant information from management to effectively carry out their oversight function.

One of the key provisions of these regulatory reforms, which seek to restore public confidence, is that a properly constituted and functioning audit committee can improve the quality of financial reporting by acting as an effective arbitrator in management and auditor disputes. Audit committees need to vigilant on many issues and challenges brought on by the COVID-19 pandemic while they remain focused on their oversight responsibilities of financial reporting, risk assessment, internal controls, and audit activities. This CPE course examines audit committee attributes as an integral part of corporate governance to improve the quality, reliability, and transparency of financial reports as well as the credibility and effectiveness of the related audit functions.

The effectiveness of the audit committee depends on the quality, timeliness, and reliability of the information it received from management, internal auditors, legal counsel, and external auditors regarding financial, internal control, risk, legal, and auditing issues. This online CPE webinar presents the roles, responsibilities, structure, composition, qualification, authority, resources, and other attributes of the audit committee in accordance with the most recent regulatory requirements and best practices. 


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Learning Objectives

  • Audit committee effectiveness in response to COVID-19
  • To identify the status of Corporate Governance and Audit Committee
  • To identify the Audit Committee Derivers, Roles, and Functions
  • To identify the Audit Committee’s Authority, Structure, Resources, and Diligence
  • To identify the Audit Committee Resources, Compensation, Qualification, Independence, and Financial Expert

Recommended For

  • This Online Continuing Professional Education webinar on Auditing is recommended for CPAs, CIAs, CRMA, CIA, CMA, IAP, QIAL and Other Audit Professionals who desires to support their clients with best practices in auditing regulatory requirement 
  • This Online CPE Auditing webinar is recommended for CPAs in Canada who wants to help their clients with Auditing services that comply with updated regulatory requirements 

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Accounts Director
  • Auditors
  • Business Owner
  • CEO
  • Certified Public Accountant (CPA)
  • CFO/Controller
  • Chief Accounting Officer
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Directors of Finance
  • Entrepreneurial CPA
  • Fraud Examiner
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Internal Auditors (CIA)
  • 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Zabihollah Rezaee

Professor, The University of Memphis

Zabihollah (Zabi) Rezaee. Dr. Rezaee is the Thompson-Hill Chair of Excellence, and Professor of Accountancy at the University of Memphis and served a two-year term on the Standing Advisory Group (SAG) of the Public Company Accounting Oversight Board (PCAOB). He received his BS degree from the Iranian Institute of Advanced Accounting, his MBA from Tarleton State University in Texas, and his PhD from the University of Mississippi. Dr. Rezaee holds ten certifications, including Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Government Financial Manager (CGFM), Certified Sarbanes-Oxley Professional (CSOXP), Certified Corporate Governance Professional (CGOVP), Certified Governance Risk Compliance Professional (CGRCP), Chartered Global Management Accountant (CGMA) and Certification in Risk Management Assurance (CRMA). He served as the 2012-2014 secretary of the Forensic & Investigative Accounting (FIA) Section of the American Accounting Association (AAA) and is currently the editor of the Journal of Forensic Accounting Research (JFAR) of the AAA.

Professor Rezaee has published over 250 articles in accounting and business journals and made more than 300 presentations. He has also published 12 books: Financial Institutions, Valuations, Mergers, and Acquisitions: The Fair Value Approach; Financial Statement Fraud: Prevention and Detection; U.S. Master Auditing Guide (3rd edition); Audit Committee Oversight Effectiveness Post-Sarbanes-Oxley Act; Corporate Governance Post-Sarbanes-Oxley: Regulations, Requirements, and Integrated Processes;  Corporate Governance and Business Ethics and Financial Services Firms: Governance, Regulations, Valuations, Mergers and Acquisitions; and has contributed to several other books. Several of these books are translated into other languages including Chinese, South Korean, Spanish, and Iranian.  His book entitled Corporate Sustainability: Integrating Performance and Reporting, published in November 2012, won the 2013 Axiom Gold Award in the category of Business Ethics. Another book, Business Sustainability: Performance, Compliance, Accountability, and Integrated Reporting, was published by Greenleaf Publishing in October 2015. His most recent books are Business Sustainability, Corporate Governance, Organizational Ethics (Textbook).  John Wiley, &Sons, October 2019, Forensic Accounting and Financial Statement Fraud, Business Expert Press, April 2019, Business Sustainability in Asia: Compliance, Performance, and Integrated Reporting and Assurance, John Wiley, March 2019, Corporate Governance in the Aftermath of the Global Financial Crisis, in four volumes, published by Business Expert Press in March 2018, and  Audit Committee Formation in the Aftermath of the 2007–2009 Global Financial Crisis, in three volumes published by Business Expert Press in July 2016.

About Company

The University of Memphis

www.memphis.edu/

At the University of Memphis, we are Driven by Doing. Driven by Doing isn't just a slogan. It's what you'll see happening all around you at the UofM. Every. Single. Day. We've had a lot of firsts here in Memphis. But our most memorable years are yet to come. We are all about forward progress. Yours. That's what Memphis does.

For over 100 years, the UofM has been a catalyst for progress in the city of Memphis, the state of Tennessee and the surrounding Mid-South region. From its inception in 1912 as a “normal school” dedicated to the education of public school teachers to its role today as an educator of technologically savvy, socially conscious graduates who face a complex world, the UofM has always been an integral component of the greater community.

Exceptional students from 50 states and 82 countries choose the University of Memphis as their collegiate home. Approximately 22,000 students attend the UofM, including more than 2,200 first-time freshmen and 2,500 students who live in university housing.

In 2013, U.S. News & World Report ranked the University of Memphis among the top 10 in the country for student internship placements and lauded it as one of the top 13 for its teacher preparation programs. Additionally, its graduate programs in audiology, speech-language pathology and rehabilitation counseling are consistently ranked among the top 20 in the nation by U.S. News.

As a doctoral-granting metropolitan research university, the UofM is committed to excellence in undergraduate, graduate and professional education; in the discovery and dissemination of knowledge; in engaged scholarship to the community, state and nation; and in the preparation of a diverse student population for successful careers and meaningful participation in a global society.

Ever forward looking, the University of Memphis is poised to enter one of its most historic and productive periods. Having just celebrated its centennial anniversary, its faculty, staff, alumnus.


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