Effective Audit Committees

Course ID: 23403

The audit committee’s ‘core’ duties – overseeing financial reporting and controls, as well as external and
internal auditors – are a substantial undertaking and time commitment. In addition, many audit committees have oversight responsibilities for a range of other risks that have become increasingly complex and challenging in the current business environment – from operational and compliance
risks posed by globalisation and the extended organisation (partners, suppliers, vendors, etc.) to cybersecurity, ESG and other risks related to emerging technologies.

Environmental, Social and Governance (ESG) risks and opportunities, as well as their impact on long-term value creation for both public and private organizations, are top of mind for investors and other stakeholders. This is leading to increasing demands from stakeholders, investors, regulatory bodies, employees, and others.

There is an increased emphasis on the management of ESG-related policies and practices from
stakeholders such as investors, employees, and customers.