Keys to Establishing Internal Audit Relationships with the Audit Committee
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.0
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An audit committee is one of the major operating committees of a company's board of directors that is in charge of overseeing financial reporting and disclosure. All U.S. publicly-traded companies must maintain a qualified audit committee in order to be listed on a stock exchange. The Audit Committee has gained significant increased focus since the years of Sarbanes-Oxley. Internal Audit and especially the Chief Audit Executive (CAE) are expected to be the "independent ear" for the audit committee on business risks and controls. Yet, many organizations have difficulty accepting that role. This makes it very challenging for the internal audit group to establish the type of independent and confidential relationship that IIA Standards expect.
- Explore the top 5 Lessons learned when dealing with the audit committee
- Recognize keys to building effective communications with the committee
- Explore how to gain the confidence of the audit committee
- Explore how to balance management concerns with audit committee relationships
Field: Auditing
CPE: 1
Delivery Method: Self-Study
Format: Video
Your Instructor
Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive
Business Consultant, Trainer, Author
Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.
As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.
Ms. Fountain has authored three technical publications:
-Leading the Internal Audit Function
-Raise the Red Flag
-Ethics and the Internal Auditor's political dilemma
Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.