Masterclass on Board Audit Committee Excellence
| Members | €675 |
| Non-members | €775 |
| BZB | €675 |
| CPD Hours | General |
|---|---|
| Bank | 6h |
| Insurances | 6h |
- Acquire knowledge from top experts
- Learn in a group, in a motivating and targeted way
- Deepen your knowledge and obtain recognized continuing professional development hours
An education with impact
Welcome to the Masterclass on Board Audit Committee Excellence, a specialized training tailored for members and aspiring members of audit committees in the diverse landscape of the financial sector.
An audit committee is a sub-group of the board of directors responsible for the oversight of the financial reporting and disclosure process. In a financial institution, this implies that the members of the committee are technically competent and possess good insights on the policies and processes of the institution, its key internal controls, compliance and financial risks and policies.
In this dynamic and comprehensive masterclass, you will embark on a journey to gain profound insights into the intricate roles and responsibilities of an audit committee. Designed to address the evolving challenges and complexities of audit management, this masterclass goes beyond theoretical concepts. It delves into the practical aspects of committee composition, interaction with key stakeholders, and the crucial intersection of audit, regulations, and strategic decision-making.
During this masterclass we will guide you through engaging discussions, case studies, and interactive sessions. Together, we will explore the critical competencies required for effective committee membership, foster collaboration with other committees, and navigate the intricate regulatory environment. Whether you are a current member seeking to enhance your skills or a future member aspiring to contribute to robust audit management practices, this masterclass offers a unique opportunity to learn, network, and gain valuable insights from industry leaders.
By the end of the masterclass, you will be able to:
- understand and apply crucial competencies within the audit committee;
- foster collaboration with other committees for integrated audit management;
- communicate effectively with the Board of Directors and contribute to strategic decision-making;
- navigate the regulatory landscape and fulfil compliance obligations;
- recognize the value of independent directors for objective oversight;
- gain insights from an experienced board member(s) on effective audit management.
This training is for
This training course can be followed by multiple target groups:
- members of an audit committee in the financial sector (broad);
- future members of a audit committee in the financial sector;
- …
Step by step through the training process
CONTENT
- Introduction
- The role and responsibilities of the audit committee, from a legal perspective
- The composition of the audit committee
- The concrete interaction with and supervision by the audit committee of the finance department, the internal audit and the external auditors
- The analysis of the significant issues and judgments made by management in the financial reporting
- Ensure that policies and procedures are in place for mitigation and respect of compliance with laws and regulations
- Ensure that financial reporting is accurate and timely submitted
- Appoint, oversee, assess and compensate the external auditor
- Oversee and assess the reporting of the reports of the internal auditor and the follow up of the recommendations
- Administer compliance with rules and legislation.
- The interaction with other committees, such as the remuneration committee and the risk committee
- The reporting to the board of directors
- The interaction with the regulators
- Testimonials : As part of the session, we will invite an experienced audit committee member and CFO to testify on their experience, do’s and don’ts on the way audit committees function
- Conclusion
PRACTICAL INFORMATION
- Duration: 1 day of training (6 class hours)
- Hours: 09:00 to 17:00
- Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussels
- Language: This training will be given in English
Plan your training
Rates and benefits
| Members | €675 |
| Non-members | €775 |
| BZB | €675 |
* Are you entitled to compensation or subsidies?
* Price: service provided as part of continuing vocational training, VAT exempt
Learn from experienced experts
Our guidance throughout the learning process
You follow a ‘Classroom training’ face-to-face in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).
Training material: PowerPoint presentation
| Members | €675 |
| Non-members | €775 |
| BZB | €675 |
| CPD Hours | General |
|---|---|
| Bank | 6h |
| Insurances | 6h |
- Acquire knowledge from top experts
- Learn in a group, in a motivating and targeted way
- Deepen your knowledge and obtain recognized continuing professional development hours