About Course

About the Program

Audit Committees and Governance Training prepares current and future audit committee members, board directors, and senior executives to strengthen governance, risk management, and internal controls. The program covers regulatory requirements, global best practices, and practical tools to enhance oversight and accountability. Delivered in classroom, virtual, and blended formats, participants engage in interactive exercises and case studies. Completion awards certification, demonstrating the ability to drive ethical leadership and ensure organizational integrity.

Course Objectives

By the end of this Audit Committees and Governance Training course, participants will be able to:

• Understand the strategic importance of audit committees in governance
• Define roles and responsibilities aligned with regulatory frameworks and best practices
• Evaluate internal and external audit functions for organizational value
• Strengthen risk management and control oversight
• Foster a culture of accountability and ethical conduct

Target Audience

• Audit committee members (current and incoming)
• Board members and non-executive directors
• Chief audit executives and internal auditors
• Senior finance and risk executives
• Governance and compliance professionals

Training Duration

Classroom: 5 Days

Online: 7 Days

Course Modules

Module 1: The Strategic Role of Audit Committees

• Purpose, authority, and structure of audit committees
• Evolution of the audit committee’s role in modern governance
• Audit committee charters: components and customizations
• Relationship with the board, management, and auditors

Module 2: Audit Committee Responsibilities and Duties

• Oversight of financial reporting and disclosures
• Monitoring internal control systems and compliance
• Evaluating risk management frameworks
• Role in fraud risk assessment and prevention

Module 3: Internal and External Audit Oversight

• Reviewing and approving audit plans
• Assessing the independence and effectiveness of internal auditors
• Evaluating external audit performance and recommendations
• Managing auditor communication and follow-up processes

Module 4: Enhancing Financial Oversight

• Analyzing financial statements and disclosures
• Understanding accounting policies and red flags
• Reviewing management judgments and estimates
• Ensuring integrity in financial reporting

Module 5: Risk Governance and Control Monitoring

• Audit committees and enterprise risk management (ERM)
• Aligning risk appetite with strategic objectives
• Assessing emerging risks (cybersecurity, ESG, digital disruption)
• Collaborating with other board subcommittees (e.g., risk, IT, ethics)

Module 6: Regulatory Expectations and Global Best Practices

• Key regulatory frameworks and codes (e.g., OECD, SOX, CG Codes)
• Audit committee benchmarks and performance indicators
• International perspectives and case studies
• Responding to regulator reviews and stakeholder scrutiny

Module 7: Building Effective Audit Committee Dynamics

• Selection, composition, and diversity of audit committees
• Chairperson leadership and meeting effectiveness
• Confidentiality, independence, and conflict of interest
• Evaluating audit committee performance

Module 8: Ethics, Integrity and Whistleblower Oversight

• Upholding ethical standards across the organization
• Role in overseeing whistleblower policies and investigations
• Promoting transparency and trust with stakeholders
• Case scenarios in ethical leadership

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the Audit Committees and Governance Training, participants will be awarded a certificate of course completion

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