2019CorporateGovernance
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Arrival and Registration<br />
08:00 – 09:00 am<br />
MODULE 6: SETTING UP BOARD AUDIT COMMITTEE – ROLES AND RESPONSIBILITIES<br />
09:00 – 10:15 am<br />
Purpose: To explain the importance and the functions of the audit committee in supporting Corporate<br />
Governance<br />
Outline:<br />
• Audit committee – Introduction and composition<br />
• Where does it fit in the corporate governance<br />
picture?<br />
• Regulatory views on the Audit committee<br />
• Roles and responsibilities of the Audit committee<br />
• Implementation: Building an effective audit<br />
committee<br />
• Establishing Audit committee interactions<br />
• Troubleshooting guide for board members<br />
Outcomes:<br />
• Understand the importance of the<br />
audit committee’s role in corporate<br />
governance<br />
• Understand the organization and<br />
composition of the Audit committee<br />
• Appreciate and understand how<br />
internal audit contributes to Corporate<br />
Governance<br />
• Understand the role Compliance and<br />
External audit play in the Internal<br />
control architecture<br />
• Understand its relationship with internal<br />
and external audit, risk management<br />
and compliance<br />
Corporate Governance Program Descriptors www.ifc.org/corporategovernance<br />
Coffee Break 10:15 - 10:30 am<br />
7