Page 40 - Verracy's 2019 Course Catalogue

Compliance & Ethics

Creating an Effective Audit Committee Ethical Business Decision Making
(Public, Private & Non-Profit versions)

CE-101 8 CE-102 16

CPEs CPEs

The expectations of audit committees are higher than ever. Media coverage of Wells Fargo, Volkswagen, Uber, United Air-
Members are expected to be proactive, informed, investigative, lines, Turing Pharmaceuticals, FIFA, Lance Armstrong, and other
and accountable. Stakeholders rely on audit committees to exe- scandals highlight the susceptibility to poor ethical decision-
cute their oversight duties while keeping up with an increasingly making. While ethics training is common in most organizations
complex financial reporting environment and an ever-changing it is failing on a regular basis. To be effective, ethics training
regulatory landscape. The audit committee should provide over- must do more than inform employees of laws and policies. In-
sight of financial reporting, risk management, internal control, stead, the goal should be to equip and encourage employees
compliance, ethics, management, internal audit, and external to make sound ethical decisions. Effective ethics training must
auditor. Setting the appropriate tone at the top has never been focus on decision making and providing employees with the
more important for audit committees or boards as a whole. knowledge and skills to make ethical decisions and choices in
This course covers best practices of core responsibilities and a manner consistent with the ethical principles and expecta-
functions of the audit committee and provides tools and tech- tions of the organizational.
niques to help audit committee members manage their responsi-
bilities and heighten awareness of governance issues to inc- This course examines ethics and its importance to the overall
rease the audit committee effectiveness. corporate well-being. What factors influence ethical decision
making and what this means to management, the organization,
This course will help organizations establish an effective audit the community, individuals, and to internal controls.
committee based on current best practices.
Participants will learn several widely used ethical decision-
making frameworks through lecture, case studies, and real-life
exercises.

What You Will Learn: What You Will Learn:
• Understand the role and responsibilities of the Audit • Evaluating the importance of ethical standards
Committee as part of governance, risk and compliance • Understanding the decision-making process
• Review and consider the essential features of effective • Learning the difference in the ethical decision-making
audit committees process
• Examine the specific responsibilities of the audit committee • Understand the role that personal values play in decision
• Have a greater understanding of the legal, regulatory and making
professional obligations for audit committees • Distinguishing the difference between virtues, morals,
and ethics
• Comprehending what leads people to behave unethically

Group Live | 1 Day | Advanced | Auditing Group Live | 2 Days | Intermediate | Regulatory Ethics
Who Should Attend: Audit Committee and Board Members Who Should Attend: Risk, Audit & Compliance Professionals
Prerequisites: Working knowledge of accounting and financial Prerequisites: Professionals with at least 2 years of experience
statements