Audit Committee and Corporate Governance

This course examines audit committee attributes as an integral part of corporate governance.

Ratings 4.63 / 5.00

Audit Committee and Corporate Governance

What You Will Learn!

Explore the status of Corporate Governance and the Audit Committee.
Explore Audit Committee Derivers, Roles, and Functions.
Discover the Audit Committee’s Authority, Structure, Diligence, Resources, Compensation, Qualification, Independence, Financial Expertise, Charter, Meetings, Agenda, Legal Liability, and need for continuous improvement.
Explore the Corporate Governance Oversight Function of Audit Committees.
Identify Financial Reporting Oversight and Internal Control Functions of Audit Committees.
Recognize the Internal and External Auditing Oversight Function of Audit Committees.
Explore the Risk Assessment, Ethics, Whistle-Blowing, and Anti-Fraud Oversight Functions of Audit Committees.
Explore Audit Committees in Private Companies and Not-for-Profit Organizations.

Description

The 2007-2009 global financial crisis eroded the public confidence in corporate governance and the financial reporting process. Restoring public confidence requires a significant coordinated effort, regulatory measures, and best practices by policymakers, regulators, business organizations, and the accounting profession.

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.

This course examines audit committee attributes as an integral part of corporate governance to improve quality, reliability, and transparency of financial reports as well as credibility and effectiveness of the related audit functions.

The effectiveness of the audit committee depends on the quality, timeliness, and reliability of information it received from management, internal auditors, legal counsel, and external auditors regarding financial, internal control, risk, legal, and auditing issues. This course 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.

Please join Dr. Zabihollah (Zabi) Rezaee, noted teacher, industry consultant, and author, as he offers guidance on understanding the requirements for and best practices of effective audit committees.