Audit committee training is essential to ensure that committee members are well-prepared to fulfill their vital roles in overseeing financial reporting, risk management, and ethical conduct within the organization. It helps them navigate the complexities of the modern business environment, enhance governance, and safeguard the organization’s reputation and financial health.
By the end of the training the participant should be able to:
Understand roles and responsibilities: Ensure that audit committee.
Highlight laws, regulations and governance codes, that guides audit committees.
The Audit Committee: Audit committee charter, independence of audit committee members, key responsibilities, code of ethics, complaint hotline procedures.
Audit Fundamentals: Audit objectives and the audit process, auditing standards and regulations, basics of financial statement auditing.
Risk Assessment: Financial and operational risks, company’s risk management processes, internal controls and their effectiveness.
Corporate Governance: Governance structure, corporate governance codes and regulations, ethical behavior and accountability.
Regulatory and Legal Compliance: Compliance with accounting and reporting standards, legal and regulatory requirements.
Internal Audit: Internal audit function, evaluating the internal audit plan, role of internal audit in risk management and control assessment.
Whistleblowing: Knowledge of whistleblower policies and procedures, promoting a culture of ethics and integrity.
Cybersecurity and Data Privacy: Cybersecurity risks and controls, data privacy and protection.
Fraud and Forensics: Detecting and preventing fraud, mechanisms for reporting and addressing fraud.
Communication and Reporting: Audit committee reports and recommendations.
NB: The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
