BOARD’S AUDIT COMMITTEE AND CONTROL ENVIRONMENT

Background

As part of its governance oversight responsibilities, the Board of Directors is required to set the tone at the top for inter­nal control, ethical values, culture of integrity, transparency and accountability. They are not only perceived as being obligated to oversee the development and implementation of adequate internal control systems, they should be seen to demonstrate it through standard conducts, while the executive team is to establish and maintain adequate and effective system of internal controls. To be able to discharge this corporate responsibility in a most professional manner, the Director ought to deepen his understanding of the control systems in the organisation.

This course is specially packaged to broaden the knowledge of participantson the system of internal control of the organisation and how their functions shape it.

Target Participants                                                                                       

* Chairmen, Directors, Audit Committee Members, CEOs, Executive and non-executive Directors, CFOs and top management executives whose functions revolve around control and compliance

Objectives

At the end of the course, participants should be able to:

* Relate board responsibilities to the control environment

* Identify the key players in the control environment and their functions

* Describe the Board’s vehicles and approaches to overseeing the organisation’s internal control

* Highlight regulatory policies that impact on the control function of the Board

 

Contents

* The Control Environment, Internal Controls and Board responsibilities

* Understanding the Contributions of the following to Corporate Governance

    Chief Inspector
    Internal Audit
    External Audit
    Chief Compliance Officer
    The Composition, Roles and Duties of Audit Committees

Whistleblowing and other Regulatory Interventions in Controls

Date: November 18, 2021

Venue: Institute of Directors, Ikoyi, Lagos

Members: N136,000.00; Non-Members N157,500.00

 

 

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