Developed to address the changing professional development needs of audit committees, this Audit Committee Training course is an essential learning tool for anyone joining a Commonwealth Audit & Risk Committee (ARC), those who support an ARC or veterans looking to refresh their ARC thinking with current best practice.
 
This course was designed by Stephen Horne, one of Australia’s pre-eminent audit committee specialists with a wealth of practical ARC experience across an extensive audit committee portfolio. The course will be delivered online in a half-day format.
 
Topics Covered
 

• Audit Committee origins

• The governance context within which Commonwealth ARCs operate

• Obligations of Members

• Mandatory ARC Core Functions

• Additional ARC Functions, including a particular focus on entity integrity maturity.

Learning Outcomes
By the end of the training course, participants will have a clear appreciation of:

• How we got here – the ARC journey 

• The governance context

• Committee Member obligations

• Audit committee authority, requirements, and expectations 

• Core requirements (financial reporting, performance reporting, system of risk oversight and management, system of internal control and control assurance)

• Additional functions (business continuity, ethical and lawful conduct, portfolio responsibilities, external reviews and evaluations).