What Do Internal Auditors Need to Know to Relate to Audit Committees Better?

Learning Objectives

• To analyze the role and makeup of the Audit Committee.
• To discuss real-life examples of what can be done to increase communication with Audit Committee members.
• To receive tips to help you prepare meaningful information packs or audit committee presentations.
• To explain how to lower the intimidation factor so that parties can work together for a common goal.

Course Description

An audit committee is a committee of an organization's board of directors that is responsible for oversight of the financial reporting process, selection of the independent auditor, and receipt of audit results both internal and external. But as internal auditors, there is often a veil of secrecy as to who board members are.

This is a detriment to effective communication and information sharing. So whether you normally meet with the audit committee, you are writing an audit report that will go to the Audit Committee, or have been summoned to present to the Audit Committee, this CPE Auditing webinar will answer your curiosities and allow you to relate better to the Audit Committee Members.

Major Topics Covered:

• Who is the audit committee?
• What do they do?
• Why do they exist?
• How do I find out more about them?

Overview

• Who is the audit committee?

  4 mins
• One member must be a finance expert

  15 mins
• Ensure proper and appropriate policies and procedures for the prevention and identification of fraud.

  31 mins
• Ensure successful merger and acquisition transactions

  47 mins
• How do you find out more

  62 mins
• Applying NLP to audit committee interaction

  80 mins
• Yay is me versus neutrality

  89 mins