Against the increasingly complex industry and regulatory environment, there is heightened pressure on Audit Committees to be vigilant in monitoring the governance and oversight of companies. First issued in October 2008, a second edition of the Guidebook for Audit Committees in Singapore was issued in August 2014 to provide a practical guidance for Audit Committees in Singapore. What does this mean for Audit Committees who are instrumental in ensuring that good internal controls and risk management systems are established and delivering sound financial reporting?

Audit Committees rely on internal audit professionals to provide critical insights into the risk and control environment. How do these increasing demands for better oversight of risk management and internal controls impact the roles and responsibilities of Chief Audit Executives? Is the Internal Audit industry ready to fulfill their duties and obligations?

In this course, we will discuss the escalating expectations on the Audit Committees, Chief Audit Executives, and the transformations necessary to raise the value of the Internal Audit professionals towards meeting these expectations.