Qualified Risk Director (QRD®): Establishing an Empowered Board Audit Committee
The Board Audit Committee (BAC) has seen its role evolve over time and its role increase in relation to effective Governance. Understanding this evolution as well as the development of new international best practices resulting in the advent of modern empowered Board Audit Committees is critical in appreciating the challenges facing BAC members today. These developments make it more critical that the BAC has effective and relevant terms of reference and charters. To increase their effectiveness, the BAC should properly and effectively plan and co-ordinate their activities with Board Risk Management Committee to minimise duplication and hence improve effectiveness and efficiency. This module guides Directors through the maze and plethora of issues mentioned above as well as the effective composition of the BAC and how the BAC members can effectively discharge their oversight responsibilities.
Register for this standalone training module on Establishing an Empowered Board Audit Committee or enroll in the full Qualified Risk Director (QRD®) Certification Program.