This four hour CPE training seminar focuses on an overview of audit committee responsibilities and how to be an effective audit committee member. It will provide a basic understanding of best practices in each major fiduciary oversight area for audit committees.

If you are a director or member of an audit committee, or if you advise audit committees, this CPE program will help you understand the full impact of recent and pending legislation resulting from the economic crisis and what is expected of audit committees in the current environment.

The Audit Committee Seminar has been designed to meet the CPE education needs of senior officers, board and audit committee members and can be tailored for private presentation to your audit committee with industry examples. We have recently presented this program in the healthcare, banking, casino, retail, insurance and non-profit environments.

Follow the below links for further detail information:

. Seminar Highlights

. Learning Objectives

. Key Issues on the Agenda

Each attendee will receive 4 hours of auditing CPE credit (YB). A certificate of completion will be provided.

The Public Company Accounting Oversight Board (PCAOB) has issued Auditing Standard No. 16 - Communications with Audit Committees. This changes the external auditor requirements concerning the documentation of their interaction with audit committees of SEC regulated firms. See our "Recent Issues Page" for further information on this new standard.

Who should attend?

Organization directors, audit committee members, Presidents/CEOs, CFOs, lawyers, CPAs and other organization advisors are invited. They will take away valuable practical information and skills necessary to succeed in the current organization governance environment.

Seminar Highlights

The purpose of this seminar is to provide each attendee with a high-level understanding of the Audit Committee's major fiduciary oversight and responsibilities concerning:

- Financial Closing and Reporting Process

- Risk Management Process

- Internal Control over Financial Reporting (ICFR)

- External Auditor Services

- External Accounting and Internal Audit Services

- Key Governance Controls

- Alternative Communication Controls

- Special Investigations

- Audit Committee Management and Reporting Responsibilities

Best Practices for the Audit Committee was developed from numerous sources of authoritiative information on the funciton. Please refer to the following webpage for a summary of these sources. Sources

Learning Objectives

What you will hear at this seminar is:

- The most important recent developments for audit committees

- The governance role of the Audit Committee

- Effective oversight of Internal Control over Financial Reporting (ICFR)

- Effective oversight of the external auditor

- External Accounting and Internal Audit Services

- Key Governance Controls

- Alternative Communication Controls

- Special Investigations

- Audit Committee Management and Reporting Responsibilities

Key Issues on the Agenda

Introduction

Section 1 - What defines an audit committee?

- What is an audit committee?

- Boards and sub-committees

- Audit committee charter

- Good corporate governance

Section 2 - The Influence of an Audit Committee

- Audit committee responsibilities

- Attributes of audit committee directors

Section 3 - Audit Committee Challenges

- The "Enron" approach

- Dependance on expertise and integrity

- Quality of auditor services

- Compliance programs

Section 4 - Risk, Fraud and Internal Control

- Does the organization have weak controls?

- Tone at the top

- What is internal control?

- COSO 2013

- Financial statement risk

- "Risk Management"

Section 5 - Impact of the Sarbanes-Oxley Act

- Sarbanes-Oxley Act

- Public Company Accounting Oversite Board (PCAOB)

- Management's certifications

Section 6 - Financial Statement Review

- Building knowledge

- "Materiality" and "Misstatements"

- Financial statement estimates

Section 7 - Managing the Relationship with Auditors

- PCAOB Auditing Standard # 16

- Management vs. auditor responsibilities

- Evaluating auditor capabilites

- Why require Internal Audit?

- What Should an Internal Auditor Do?

Section 8 - Compliance and Ethics

- Responsibilities for ethical behavior

- "Culture of Compliance"

Section 9 - Audit Committee Reports and Assessments

- Audit committee self-assessment

Section 10 - Going Forward

Guidance for the Audit Committee Chair

We suggest that the Audit Committee Chair continuously monitor the effectiveness of the Audit Committee. Important areas of concentration for the Audit Committee Self-Assessments are:

Audit Committee Charter as part of Corporate Governance

Audit Committee Composition

Audit Committee Independence

Meetings and Attendance

Risk Management Assignments

Code of Conduct - Vendor Relationship Management

Reporting of Fraud and Illegal Acts - Whisleblower function

Financial Expert Oversight of F/S - SOX ICFR Oversight

Oversight of External Auditor - Sarbanes Oxley Issues

Oversight of Internal Auditor

Oversight of Self-Assessment

We offer Continuing Professional Education (CPE) credit courses, seminars, training workshops and update conferences for audit committees, internal auditors, corporate accountants, executives, information technology professionals, human resource professionals and external auditors.

Experts Providing CPE Training Seminars

Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

Please contact the event manager Marilyn (marilyn.b.turner(at)nyeventslist.com ) below for:

- Multiple participant discounts

- Price quotations or visa invitation letters

- Payment by alternate channels (PayPal, check, Western Union, wire transfers etc)

- Event sponsorships

NO REFUNDS/TRANSFERS ALLOWED ON REGISTRATIONS

Prices may go up any time. Service fees included in pricing.

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