LED5 - Audit Committee Essentials

Level Essentials.
Course Description The Audit Committee (AC) provides financial governance and oversight, and this module covers the role and duties of the AC. Key concepts in risk management and internal controls, including control deficiencies, fraud, whistleblowing, data analytics and anti-money laundering, are explained. The roles and duties of the internal auditor and external auditor, and their relationships with the AC, are examined. Aspects of financial reporting are explored, such as accounting standards, compliance requirements and ACRA’s financial reporting surveillance programme.
Course Objectives
  1. Understand the role, duties and responsibilities of a director appointed to the AC.
  2. Emphasise the essentials of internal controls and financial reporting.
  3. Recognise the AC’s relationship and interactions with internal and external auditors.
  4. Highlight key trends and regulatory developments that the AC needs to be aware of.
Course Outline
  1. AC composition and workplan.
  2. Risk management and internal controls.
  3. Internal audit.
  4. External audit.
  5. Financial reporting.
  6. Interested person and related party transactions.
Target Audience
Aspiring, new and current directors, and senior management of listed companies.
Course Duration Half day.
Format Presentation with case studies, followed by panel discussion and Q&A.
Course Fees
(including 7% GST)
SID member: $449.40    Non-member: $620.60
SID member: $342.40    Non-member: $513.60    (Online pricing)
CPD Hours 4 hours.

COURSE DATES   (Click to Register)