CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

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

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

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

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Accounts Director
  • Auditors
  • Business Owner
  • CEO
  • Certified Public Accountant
  • 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

Testimonial

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