The effectiveness of the audit and risk committee(s) is largely dependent on the performance of audit and risk functions in an organization. As the focus on corporate governance and oversight grows, the expectations on audit and risk committee(s) keep growing too.
This programme targets both audit and risk committee board members together with corporate managers engaged in internal audit and risk activities in the organization.
The programme explores best practices that your audit and risk committee(s) can utilise to fulfil its mandate and increase its strategic contribution and performance.
You will acquire emergent frameworks to align corporate strategy with risk and financial reporting for improved performance in today’s highly disruptive environment.
The programme covers aspects relating to audit, risk and the role of audit committees. Emphasis is placed on the expectation of audit, risk and audit committee members with a view to working in an integrated way.
The roles of audit, risk and audit committees will be explored. An in depth understanding and analysis of financial statements will be performed.
The legal and regulatory environment will also be explored and benchmarked with best practices. The risk management and internal audit functions will be examined with detail.
The programme will conclude with techniques for running effective audit committee meetings using a practical simulated scenario.
The programme aims to achieve the following:
This programme prepares you to work towards aligning the audit and risk functions with corporate strategy and manage compliance and strategic roles of audit committees in a value-added manner.
This will help improve organizational performance by reducing any tension between audit, risk and other teams in the organization.
The programme goes beyond a compliance mentality toward strategic financial reporting and effective risk management.
For more information on the programme, contact Change on eeopenprograms@strathmore.edu or cogwankwa@strathmore.edu or call +254 (0) 703 034 582 (Tel)/ +254 714 282 779 (Tel).
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