Board Master Class: Effective Corporate Oversight for Board Members

Event: Board Master Class: Effective Corporate Oversight for Board Members

Date: December 2-6, 2024

Venue: Sarova Whitesands Resort, Mombasa

This workshop is designed to meet changing professional development needs of Board Members, Board Audit and Risk Committee members, County Executives, CEOs and Internal Auditors. The workshop provides an essential learning tool for newly appointed Board Audit and Risk Committee members or veterans looking to refresh their Board Audit Committee thinking with current best practice. The workshop combines theory and practice of Board Audit Committees with case studies, exercises, and reflective thinking. A wide range of issues affecting the Governance and Internal Audit Profession for public, private and not for profit making sectors in Kenya and globally will be discussed. Participants will have opportunity to benchmark with peers and explore ways of enhancing their skills and competencies and strengthen governance in their organizations.

The workshop will cover:

1. Closing the Expectations Gap: Role of Boards in Strengthening the Internal Audit Function.

2. Auditing Strategic Alignment: Linkages between expectations of Boards and daily operations of organizations.

3. Zero Fault Audit.

4. Legislative and Regulatory Requirements:

• Leading Governance practices.
• The various codes of Governance.
• The Companies Act 2015.
• The PFM Act and Regulations.
• The Mwongozo Code of Governance for State Corporations.

4. Role and emerging expectations of Board Audit Committees:

• Purpose, mandate, responsibilities, and coverage.
• Understanding key definitions (e.g., accountability, independence, objectivity, public interest, value).
• Reporting lines of the chief audit executive (organizational independence).

5. Effective Board and Audit Committee Meetings:

• Stakeholder engagement.
• Leveraging the individual capability of committee members.
• Annual meeting calendar.
• Setting the forward agenda and individual meeting agendas.
• Appointment, Appraisal, Removal, and Positioning of the Internal Audit Function.

6. Governance features of Audit, Risk management, and Compliance:

• Insights from the governance lighthouse.
• External accountability (including published financial statements).
• Compliance with applicable laws and regulations.
• Internal and external audit delivery.
• Board and Board Audit Committee Evaluation.

7. Oversight of Risk Management and Internal Control Frameworks:

• Fraud and corruption prevention.
• Clear accountability for risk management and internal control.

9. Versatile and high performing: Exploring the Power of Automation.

10. Moving Towards Collaborative Audit for the Organization.

11. The Evolving Role of An Internal Auditor: From a Mortician to a Physician.

12. Public Procurement Process Assurance: Mitigating Risks.

The workshop will be from December 2-6, 2024, at the Sarova Whitesands Resort, Mombasa. Charges are KES 80,000 and KES 85,000 exclusive of VAT for members and non-members respectively. 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.

FURTHER DETAILS

Please call +254721615863/+254780615863 visit www.iiakenya.co.ke​ or email training@iiakenya.co.ke.