Executive Education
Course Offerings
Corporate Governance Reform and the Role of the Audit Committee
Dates
On Demand
Who Should Attend
- Audit Committee Members
- Independent Members of Boards of Directors
- Corporate Executive Management
- Legal Counsel
Cost
The cost of the program is $5,000 plus travel expenses if held at the company's office or $5,000 plus a facilities fee of $375 if held at the Fisher College of Business Executive Education facilities. Additional costs may be incurred for food and/or developing customized versions of the program. Faculty can modify the program agenda for the specific needs of the organization.
Program Overview
The Ohio State University's Fisher College of Business proposes to conduct a program targeted to individuals with corporate governance responsibilities for public companies to enable them to be proactive in implementing the requirements of the Sarbanes-Oxley Act of 2002 and implementing rules of the SEC, PCAOB, Nasdaq and the NYSE. Our distinguished Fisher College Executive Education faculty will present a comprehensive and objective perspective of these requirements and expectations of investors and other interested parties.
The program is designed as a half-day program. The program will be delivered as small private sessions that may include Audit Committee members, board members, management and legal counsel representing an individual company. This format will facilitate candid conversation among the participants and provide flexibility to address unique facts and circumstances.
Our program is an ISS Accredited Director Education Program.
Program Agenda
Module 1
- Overview of current environment and historical evolution
- The current business and financial reporting environment
- First wave of reform - Blue Ribbon Panel issues
- Second wave of reform - SEC and Sarbanes-Oxley
Module 2
- Sarbanes-Oxley Act of 2002, and other implementing provisions of the SEC, PCAOB and stock exchanges
- Overview of 34 Act, Sarbanes-Oxley and other Governance Rules
- Regulation of public accounting firms
- Independent director oversight of management
- Executive accountability and professional conduct
- Transparency in financial reporting
- Other miscellaneous provisions
- Impact of Federal corporate governance on State law protection from liabilities
Module 3
What audit committee members and management should know about the audit process
- Roles and responsibilities in the financial reporting process
- Key steps in the audit process, including risk assessment
- Areas of audit emphasis
- Assessing audit adjustments
- Audit deliverables
- Auditors' communications with the Audit Committee
Module 4
Areas of focus for Audit Committee members when reviewing and considering approval or release of financial statements and related reports
- Reviewing financial statements and related reports
- Areas of focus and probing questions to ask
- Overview of SEC's report on enforcement matters
Module 5
Audit Committee and Management: What's next?
Program Location
To minimize time, travel and logistics issues, the program can be presented at the company's offices and can be scheduled to coincide with a regularly scheduled Audit Committee Meeting. Alternatively, the session could be held at the state-of-the-art Executive Education facilities in Pfahl Hall at the Fisher College of Business on The Ohio State University campus. If needed, hotel rooms can be provided at the Blackwell Inn at a reduced rate.
Contact Information
Lisa Antolino
Associate Director
Executive Education
Fisher College of Business
110 Pfahl Hall
280 West Woodruff Avenue
Columbus, OH 43210-1144
Phone: (614) 292-7780
Fax: (614) 292-6644
E-mail: antolino_3@fisher.osu.edu