Effective Corporate Oversight: New Boards, Audit and Risk Committees

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

Date: June 10-14, 2024

Venue: Sarova Whitesands Beach Resort & Spa, 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 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 and audit committees.

The workshop will cover:

• Legislative and regulatory requirements: Leading practices, effective audit committees, accountability for risk management, and internal control.
• Roles and responsibilities of audit committees: policy considerations, purpose, mandate, 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.
• Zero fault Audit Regime: Role of Boards in Strengthening Internal Audit Function.
• Public Procurement Process Assurance: Mitigating Risks.
• The Evolving Role of An Internal Auditor: From a Mortician to a Physician.
• Moving Towards Collaborative Audit for the Organization.

The workshop will be held from June 10-14, 2024, at Sarova Whitesands Beach Resort & Spa 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.

MORE INFORMATION

Call +254721615863/+254780615863, visit www.iiakenya.co.ke​​ or email training@iiakenya.co.ke.