Strengthen your confidence and effectiveness as an Audit and Risk Committee member. This practical half-day course provides clear frameworks for governance, financial reporting, risk, internal control and assurance, supported by expert insight, peer discussion and the perspective of an experienced Chair.
Audit and Risk Committee members face increasing public scrutiny and evolving regulatory expectations. They must provide robust oversight, challenge management constructively and understand the wider assurance ecosystem. Without clarity about the Committee’s remit and relationships, financial reporting, risk management, internal control and accountability may be weakened.
How this course helps:
This course demystifies the Committee’s purpose, clarifies its remit and equips members with practical frameworks to fulfil their responsibilities with rigour and independence. Expert insight, peer discussion, group exercises and case examples help participants apply the learning to financial oversight, risk, assurance, governance and stakeholder relationships.
Who should attend?
New and prospective Audit and Risk Committee members, as well as Board members seeking to refresh their knowledge and strengthen their oversight capabilities.
What you will learn:
By the end of this course, you'll be able to:
- Define and clarify roles: understand the Committee’s remit, terms of reference and operating culture.
- Enhance financial oversight: evaluate key accounting judgements, estimates, and disclosures to ensure accuracy and transparency.
- Deepen risk acumen: strengthen your understanding of internal controls and risk management frameworks to assess management’s approach effectively.
- Optimise stakeholder relationships: build constructive relationships with internal audit, external auditors, and management to uphold independence and accountability.
- Navigate governance and regulation: stay ahead of key corporate governance and regulatory developments shaping the Committee’s agenda.
This course is highly interactive, blending expert insight with peer discussion, group exercises, and case examples to develop practical application skills.
Agenda Includes:
Committee purpose and governance
- Roles, responsibilities and terms of reference.
- Committee operating culture.
- Corporate governance and regulatory developments.
Risk management and internal control
- Evaluating risk management and internal control frameworks.
- Assessing management responses.
- Understanding assurance lines.
Financial reporting and external audit
- Oversight of corporate reporting.
- Key accounting judgements, estimates and disclosures.
- External auditor relationships.
Reporting and practical perspectives
- The annual Audit Committee report: clarity, transparency and compliance.
- Guest insight from an experienced Audit and Risk Committee Chair.
- Group exercises and case examples.
Resources:
- All course materials and supporting documents are distributed to delegates after the course, alongside a reading list relating to the course.
- Insight from an experienced guest Audit and Risk Committee Chair.
- Three months’ complimentary NEDA Premium membership providing access to the Non-Executive Directors’ Handbook (through the members’ portal) – plus all of the other NEDA Premium member benefits. The Non-Executive Directors’ Handbook not only supports the overall course learning outcomes but also serves as the essential reference guide during your career as a NED, Trustee, leader and board committee member.
CPD HOURS:
Attending this course could contribute up to 3hrs 30mins of verifiable CPD, provided you can demonstrate that the content is relevant to your role. A copy of the course booking confirmation email is accepted as evidence of verifiable CPD.
Please note: when you register for the training package, any personal data provided will be shared with the ICAEW and NEDA.