Masterclass on Board Audit Committee Excellence

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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.

Category Compliance & audit
Risk, finance & treasury

Level Expert

Learning format Classroom training

Total price *

Members: € 650
Non-members: € 750
Partners/ BZB: € 650
Incompany: tailor-made, prices on request

* Are you entitled to an allowance or subsidy?
* Price: service in the context of continuing professional training, exempt from VAT

CPD Hours Banking: 6h general
Insurances: 6h general

Continuing Professional Development

Available dates

19/06/2024 - 09:00u - 17:00u - Masterclass on Board Audit Committee Excellence

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Please let us know you're interested in this training should there be no date available, the planned date does not suit you and/or this session is full. As soon as about 5 people are registered on the interest list, we will propose a new course date. Your registration on the interest list is free of charge and without any obligation.

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Target group

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;
…

Required prior knowledge

Expert level training: this training requires thorough prior knowledge of the subject.

Programme

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

Methodology

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