The in-person Audit Committees in a New Era of Governance session originally scheduled for 12–14 NOV 2020 has been cancelled. Please consider applying to the related offering, Audit Committees—Virtual, running 12–14 NOV 2020. If you have any questions, please contact executive_education@hbs.edu.
Summary
As the focus on corporate governance and oversight has grown, so has the complexity
of regulatory challenges facing audit committees. This corporate governance strategy
program explores the best practices that your audit committee can use to fulfill its
mandate and increase its strategic contribution. You will acquire the frameworks to
align corporate strategy with financial reporting—and help your company operate more
effectively in today's rigorous market and regulatory environment.
As the focus on corporate governance and oversight has grown, so has the complexity
of regulatory challenges facing audit committees. This corporate governance strategy
program explores the best practices that your audit committee can use to fulfill its
mandate and increase its strategic contribution. You will acquire the frameworks to
align corporate strategy with financial reporting—and help your company operate more
effectively in today's rigorous market and regulatory environment.
This program is eligible for the Corporate Director Certificate. Learn More
Key Benefits
This audit committee training program prepares you to manage the creative tension
between the compliance and strategic roles of the audit committee. While improving
your ability to ensure compliance, transparency, and accountability, you will learn
how to move your company beyond a compliance mentality toward strategic financial
reporting and effective risk management.
This audit committee training program prepares you to manage the creative tension
between the compliance and strategic roles of the audit committee. While improving
your ability to ensure compliance, transparency, and accountability, you will learn
how to move your company beyond a compliance mentality toward strategic financial
reporting and effective risk management.
Details
Enable the audit committee to play a more strategic role
Align financial reporting, compliance, and risk management functions with the company's
growth and profit objectives
Ensure the integrity of financial information
Foster the right culture regarding compliance and risk
Develop a financial reporting strategy
Improve audit committee effectiveness
Develop better tools to manage cybersecurity and other risks
Enhance oversight of the finance, accounting, and risk management functions
Improve transparency and the quality of audit and financial reporting
Oversee legal and regulatory compliance more effectively
Strengthen collaboration with corporate management and auditors
Ensure optimal communication with investors on financial reporting and disclosure
Expand your personal and professional network
Extend your network by living and working with accomplished executives from various
backgrounds, industries, and countries across the globe
Build relationships with a diverse group of peers who can provide wide-ranging insights
into your business challenges and career decisions
Who Should Attend
Current or potential audit committee members on boards of publicly listed companies,
board chairs, and chief executive officers
Chief financial officers, general counsels, and risk officers who work closely with
audit committees
Also appropriate for: Audit firm partners, investor relations professionals, legal advisors, and nonprofit
board members
Attendance by two or more representatives of your audit committee or organization
will foster teamwork and enhance the program's impact.
Program for Leadership Development participants earn 2 PLDA Points on completion of
this program.
Dive Deeper into the Experience
We Celebrate New Ways of Thinking. Are You Ready?
Thrive in a learning environment that welcomes diverse ideas and perspectives.
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place
on your own, in your living group, and in the larger classroom, driven by the renowned
HBS case method.
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place
on your own, in your living group, and in the larger classroom, driven by the renowned
HBS case method.
Admissions Criteria and Process
We admit candidates to specific sessions on a rolling, space-available basis, and
encourage you to apply as early as possible. Although most programs have no formal
educational requirements, admission is a selective process based on your professional
achievement and organizational responsibilities.
Our Program Advising team can help you at any stage of the admissions process—starting
with identifying the program that best addresses your learning and development goals.
Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You
may use our online form or download an application. HBS maintains all application
information in strict confidentiality. We acknowledge receipt of applications via
email. In the unlikely event that you do not receive an acknowledgment, please email
us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions
Committee makes selections that balance each participant's experience, scope of current
responsibilities, and type of organization. HBS seeks candidates who reflect a broad
range of industries, functions, countries, and backgrounds. We review applications
monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, books, case materials, accommodations, and most meals.
No payment is necessary until you have been accepted. Payment is required prior to
the program start date. If you need to cancel or defer participation, you must submit
your request in writing more than 30 days before the start of the program to receive
a full refund. Cancellations or deferrals received 14 to 30 days prior to the start
of the program are subject to a fee of one-half of the program fee. Requests received
within 14 days are subject to full payment.
We admit candidates to specific sessions on a rolling, space-available basis, and
encourage you to apply as early as possible. Although most programs have no formal
educational requirements, admission is a selective process based on your professional
achievement and organizational responsibilities.
Answering Your Questions
Our Program Advising team can help you at any stage of the admissions process—starting
with identifying the program that best addresses your learning and development goals.
Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You
may use our online form or download an application. HBS maintains all application
information in strict confidentiality. We acknowledge receipt of applications via
email. In the unlikely event that you do not receive an acknowledgment, please email
us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions
Committee makes selections that balance each participant's experience, scope of current
responsibilities, and type of organization. HBS seeks candidates who reflect a broad
range of industries, functions, countries, and backgrounds. We review applications
monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, books, case materials, accommodations, and most meals.
No payment is necessary until you have been accepted. Payment is required prior to
the program start date. If you need to cancel or defer participation, you must submit
your request in writing more than 30 days before the start of the program to receive
a full refund. Cancellations or deferrals received 14 to 30 days prior to the start
of the program are subject to a fee of one-half of the program fee. Requests received
within 14 days are subject to full payment.
What You Will Learn
The curriculum addresses the core responsibilities of audit committees as well as
the emerging area of risk management. You will learn how to strengthen internal control
systems and ensure that your company's strategy is reflected in its financial reporting.
Through a rich learning experience that includes faculty presentations, case studies,
and small group discussions, you will explore four key areas critical to effective
audit committees:
The curriculum addresses the core responsibilities of audit committees as well as
the emerging area of risk management. You will learn how to strengthen internal control
systems and ensure that your company's strategy is reflected in its financial reporting.
Through a rich learning experience that includes faculty presentations, case studies,
and small group discussions, you will explore four key areas critical to effective
audit committees:
What are the drivers of success and risk in the company? How are these reflected in
its financial reporting?
How should audit committees provide oversight of financial reporting and risk management?
How can the company best manage its key financial reporting risks?
Transparency and investor communication
How can audit committees ensure that the company is meeting investor expectations
for improved transparency in financial reporting and disclosure?
What role, if any, should audit committees play in the investor relations process?
How should you assess the costs and benefits of providing non-GAAP disclosures? What
form should non-GAAP disclosures take?
How should the financial reporting strategy balance short-term performance pressure
with achievement of long-term objectives?
Risk management
How can audit committees create an appropriate risk management infrastructure in the
company?
What are the risk culture and the tone at the top of the company, and how do they
affect corporate performance?
How should companies manage their cybersecurity risk, and how should boards monitor
this?
How can companies use strong internal controls to promote rather than hamper growth?
How can audit committees measure performance in the areas of ethics and compliance?
Audit committee processes
How can audit committees better manage their relationships with directors, corporate
management, and internal and external auditors?
What can an audit committee do to help improve audit quality?
How can audit committees ensure effective talent management and succession planning
in the finance, accounting, and risk management function?
How can audit committees be designed to manage increasing demands?
The HBS Advantage
Our Executive Education programs are developed and taught by HBS faculty who are widely
recognized as skilled educators, groundbreaking researchers, and award-winning authors.
Through their board memberships, consulting, and field-based research, they address
the complex challenges facing business leaders across the globe.
Faculty Chair
Suraj Srinivasan
Philip J. Stomberg Professor of Business Administration
Our Executive Education programs are developed and taught by HBS faculty who are widely
recognized as skilled educators, groundbreaking researchers, and award-winning authors.
Through their board memberships, consulting, and field-based research, they address
the complex challenges facing business leaders across the globe.
Faculty Chair
Suraj Srinivasan
Philip J. Stomberg Professor of Business Administration
Program content, dates, fees, and faculty are subject to change. In accordance with
Harvard University policy, Harvard Business School does not discriminate against any
person on the basis of race, color, sex or sexual orientation, gender identity, religion,
age, national or ethnic origin, political beliefs, veteran status, or disability in
admission to, access to, treatment in, or employment in its programs and activities.
