Changing Perceptions About Audit Committees – How to Better Position to be Value-Added
Course Description:
Most nonprofit audit committees center their attention on the back end of the annual financial statement audit process when they receive draft auditor reports. While this is an important function, audit committees can be more impactful if they shift more of their focus to the front-end of the annual audit process and expand their internal control and business practices oversight roles.
In this presentation we will start with a discussion of the core purpose, structure, and operating cycle for an audit committee. We will then pivot to an exploration of what has shaped general perceptions related to audit committees and the underlying causes leading to wide-ranging misconceptions related to audit committees. We will finish with actions and tactics to make audit committees more value-added by expanding their scope of duties and filling additional fiduciary roles.
Learning Objectives:
Learn about the core purpose, structure, and operating cycle for nonprofit organization audit committees.
Explore and discuss key factors leading to misconceptions related to audit committees and how to change peoples’ perceptions related to audit committees.
Discover how to make audit committees more value-added through actions and tactics to expand their scope of duties and filling additional fiduciary roles.
Learn about auditor continuance protocols and how to use audit planning calendars.
Changing Perceptions About Audit Committees – How to Better Position to be Value-Added (NASBA/CAE/CPE Course Credit Information)
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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