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Introduction to Audit Committee Effectiveness_31 August 2015
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2015/08/31
When: 31 August 2015
Registration starts at 08h30 and course starts promptly at 09h00
Where: IoDSA Training Room
144 Katherine Street, Sandton
Grayston Ridge Office Park, Block B 1st Floor
Johannesburg, Gauteng  2196
South Africa
Presenter: Mr Joe Lesejane
Contact:


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Introduction to Audit Committee Effectiveness 
An overview of the ACE model ™ and how it enables members to participate effectively

 

Overview

Audit Committee members and Non-executive Directors who wish to develop, enhance or sharpen their effectiveness in Audit Committees and other Governance structures that they serve on. This one day course will introduce delegates to the Audit Committee Effectiveness Model which cover 4 ACE phases that facilitate effectiveness of Audit Committee members. Delegates who attend this 1 day course and apply the ACE Model will achieve optimal effectiveness and apply best practice as Audit Committee members, thus contributing to Greater Governance.  

 

The King Code of Governance Principles for South Africa (King III)

  • Principle 3.1: The board should ensure that the company has an effective and independent audit committee Principle 3.2: Audit committee members should be suitably skilled and experienced independent non-executive directors
  • Principle 3.3: The audit committee should be chaired by an independent non-executive director
  • Principle 3.4: The audit committee should oversee integrated reporting
  • Principle 3.5: The audit committee should ensure that a combined assurance model is applied to provide a coordinated approach to all assurance activities
  • Principle 3.6: The audit committee should satisfy itself of the expertise, resources and experience of the company’s finance function
  • Principle 3.7: The audit committee should be responsible for overseeing of internal audit
  • Principle 3.8: The audit committee should be an integral component of the risk management process
  • Principle 3.9: The audit committee is responsible for recommending the appointment of the external auditor and overseeing the external audit process
  • Principle 3.10:The audit committee should report to the board and shareholders on how it has discharged its duties

 

Key Focus Areas

The one day programme provides a broad overview of the ACE model ™ and includes insights into: 

  • Knowledge – the responsibilities the audit committee member has in terms of his or her fiduciary role and the unpacking of the insights related to the business, the industry, up to date trends and thorough preparation 
  • Participation – the process that an audit committee member needs to embrace in order to ensure effective participation 
  • Monitoring – an overview of the different responsibilities that the Audit Committee has in terms of external and internal auditors, risk management and the compliance function 
  • Impact measurement – the different tools and insights that are key in enabling the audit committee member to measure impact of the business in terms of stakeholders, the business, value add, combined assurance and greater governance

 

Duration

1 Full Day : 09h00 - 16h00

 

Presentation Fees

Non Member R4 889
Members R3 667
Fellow R2 933

 

 

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