Copenhagen Compliance together with Grant Thornton and Pinsent Masons has taken the initiative to create a UK chapter of The Audit Committee. The purpose is to provide guidance on the updated compliance requirements on audit quality, standards and reporting requirements. Based on the recent UK legislation, the audit committee members must review their role & responsibility, evaluate the reporting and disclosure framework and assess the detailed requirements for future statutory audits.
Therefore, we invite you to an introduction network meeting on the 8th June at 8:30 AM
The principal purpose of the audit committee network is to yield practical, updated, topical & timely guidance on the practical issues to improve the audit committee’ and overall board performance. Moreover, the network setting will endeavour to increase the member’s expertise and get a significant expansion of sparring and knowledge-sharing on challenges facing the audit committee. Another reason to establish this network is to review the additional responsibilities on the audit committees, the new terms of reference that include an extensive collection of mandates to monitor the key areas that affect the company's audit, performance and results.
Auditing and ethical standards to monitor compliance. The aim is to help all stakeholders to understand the practical implications through oversight guidance, examples, best practices & corporate cases. During the first meeting, we will analyse the role and competences of the Audit Committee from a variety of angles, including; chairmen, supervisors, legal and accounting firms, oversight authorities and assessments from the academic world. The meeting will focus on how the Audit Committee can adapt to the new regulations, including the key components of the regulatory reform.
Future network meetings will focus on the role the audit committee plays in ensuring good corporate governance, oversight of financial reporting, KPI to support corporate performance, risk intelligence and management, compliance, credibility and integrity of internal data, whistleblower issues, bribery, fraud and corruption issues, sanctions, competition law, information technology audit, IT-Security, cyber risks and the effectiveness of internal controls.
The annual membership cost is 1000£. We request that you register your participation at this link today. http://www.auditcommittee.solutions/events/register/, The Audit Committee Network, is supported by The American Association of Audit Committee Members (link) The membership will give access to the global network, webinars, conferences from our US partner.
The future dates for the network meeting covered by the membership are 14th September, 23rd November and 22nd February 2018. In between the network meetings you will regularly receive newsletters, invites to dedicated briefings, seminars and or business lunches on issues related to the role and responsibilities of the audit committee members.
Please review the attached brochure (link) and website (link) for details on the audit Committee network. We look forward to receiving your network membership confirmation or participation at the first network meeting. We assure you of our best professional attention always!
Your Sincerely
Copenhagen Compliance UK Ltd
Lady Olga Maitland
Chairman
