Effective Corporate Oversight: Workshop for New Board and Audit Committee Members, Finance Committees, and County Executives

Event: Effective Corporate Oversight: Workshop for New Board and Audit Committee Members, Finance Committees, and County Executives (Recommended Training)

Date: June 12-16, 2023

Venue: Sarova Whitesands Beach Resort, Mombasa

The concept of corporate oversight is of importance to Board and Audit Committee members, Heads of Internal Audit, Accountants, regulators, and investors in determining the direction and performance of organizations. There is however a concern of corporate governance not promoting a culture of strong oversight independence in financial reporting risking the stability and future health of organizations.

This workshop will introduce participants to the core elements for building effective corporate oversight in organizations. The workshop will explore putting in place Audit Committees, their role, and function, and reporting responsibilities based on key legislations and practices. The workshop will address the particular professional development needs of new board members, audit committees, and finance committees.

The workshop will cover the following topics:

• Legislative and regulatory requirements: Leading practices, Strong effective audit committees, and clear accountability for risk management and internal control.
• Roles and responsibilities of audit committees: policy considerations, purpose, mandate, responsibilities, coverage, and contributing value to the entity.
• Techniques for running effective audit committee meetings.
• Key governance features of audit, risk management, and compliance.
• Measuring and reporting the audit committee's contribution.
• Composition of the audit committee and requisite skills required to ensure their effectiveness.
• Audit Committee Charter, Terms of Reference, meetings, planning of agendas, and annual work plan.
• Role of the audit committee with other committees and assurance providers in terms of combined assurance and oversight of risk.
• Challenges faced by audit committee that potentially hinders effectiveness.

The Workshop will be held on June 12-16, 2023 at the Sarova Whitesands Beach Resort, Mombasa. Workshop Charges are KES 70,000 exclusive of VAT for Members and Non-Members. Members in attendance will earn 20 CPE Hours.

NATIONAL INDUSTRIAL TRAINING AUTHORITY ACCREDITATION:

The Institute of Internal Auditors Kenya is an accredited training provider with the National Industrial Training Authority (NITA). The NITA registration number is NITA/TRN/558(25b). Participants who are registered levy contributors can apply to NITA for reimbursement of their fees. This applies to Kenyan citizens and is subject to NITA regulations. Visit (https://www.nita.go.ke/​ ) for more information.