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When Culture is the Culprit!! Workshop for Board, CEO and Audit Committee.

WHEN CULTURE IS THE CULPRIT!! BOARD AUDIT COMMITTEE WORKSHOP

DATE: OCTOBER 26-29, 2021

VENUE:PRIDEINN PARADISE BEACH RESORT,  MOMBASA

THEME: “When Culture is the Culprit”

Governing public and private organizations now require focus on many aspects including work of boards that consider emerging risks, role of audit committees that consider quality assurance and role of executives that put into sharp focus technological and legal risks. Organizations that respond well to prevailing risks are those that map out who is responsible for decision making and the data that is needed to make these decisions. This has put ethical practices at the center of those serving on boards, audit committees, CEOs and executives of organization. Themed “When Culture is the Culprit”, this workshop will focus on topics that bring out the risks, quality challenges and ethical issues that arise in the work of Boards, Audit committees and Executives and how organizations can navigate the resulting challenges and take advantage of opportunities.

TOPICS:

  1. Importance of Ethical Practices in a Disrupted World

Is an ethical leader a product of the environment in which they live? And how does ethics relate to compliance to laws? Being a leader is a challenging ethical job. Many leadership positions require membership to professional bodies which in turn require members to subscribe to a code of ethics. But whether the code of ethics enough in our current disrupted environment is a question for discussion. This session will discuss how organizations can create a culture that ensures a value system that maintains high ethical standards.

  1. Challenging the Capabilities of Boards and Audit Committees

Is your Board and Audit Committee performing at optimal levels? This session will bring to the fore what makes Boards and Audit Committees perform optimally. Areas of focus include leadership that facilitates productive meetings and effective communication, trainings that help Boards and Audit committees carry out their responsibilities effectively, performing self-assessment that helps Boards and Audit committees identify and address opportunities for improving oversight and ensuring transparency in activities that allow boards to share important information with stakeholders.

  1. Oversight of Internal Audit Function

The Institute of Internal Auditors designed a tool to give boards and audit committee members assurance that internal auditors are performing their work effectively. This session will expose participants to the newly developed assessment tool for Boards and Audit Committees and give guidance on how Board and Audit Committee members can effectively assess internal audit activity to maintain trust and quality.

  1. Marrying Independence and Diversity in the Boardroom

Governance reforms are aimed at improving functioning of organizations through active decision making by their Boards. Despite regulatory changes that were necessitated by the Sarbanes-Oxley, rising executive compensation and misreporting of financial information continue to make headlines. This session will stimulate discussion on the role of independent directors, potential problems of homogeneous groups of small Boards and make recommendations on how to overcome resistance in diversity of the Board.

  1. Re-examining the Risk Surface

This session will expose participants to existing regulatory risks and compliance obligations and explore best practices that can be used to manage such risks.

  1. Establishing Artificial Intelligence (AI) Governance

Ethical and legal problems could arise from organizations collecting data that is not covered under user agreements. Such organizations can misuse data by for example powering machine learning models. This session will explore how a strong AI governance structure can help prevent data misuse.

  1. Role of Audit Committee in Quality Assurance and Improvement Program (QAIP)

A QAIP allows an evaluation of whether the Internal Audit activity conforms to the definition of Internal Auditing as provided for by the International Standards for Professional Practice and whether internal auditors apply the code of ethics. The QAIP also assesses efficiency and effectiveness of internal audit activity and provides for opportunities for improvement. This session will explore the role of Audit Committees in creating and maintaining a QAIP containing internal and external assessments.

  1. Case Study

This session will expose delegates to lessons and experiences on how boards and audit committees can use culture to maintain ethical standards.

This workshop will be held from October 26-29, 2021 at Pride Inn Beach Resort, MombasaCharges are KES 80,000. Members in attendance will earn 20 CPD points.

Target Audience: This workshop is suitable for Heads of Internal Audit, Chief Executive Officers, County Executives and Members of Boards and Audit Committees.

ACCOMODATION

Delegates are expected to make their own accommodation arrangements.

NATIONAL INDUSTRIAL TRAINING AUTHORITY(NITA) ACCREDITATION

The Institute of Internal Auditors Kenya is an accredited training provider with the NITA. The NITA registration number is DIT/TRN/558(25b). Participants who are registered levy contributors can apply to NITA for reimbursement of their fees. This applies for Kenyan citizens and is subject to NITA regulations. Please visit (https://www.nita.go.ke/ ) for more information.

BOOKINGS

To book this event, please call us on +254721615863/780615863, email info@iiakenya.co.ke.

 

 

Event Properties

Event Date 26-10-2021
Event End Date 29-10-2021
Individual Price Members Ksh 80,000, Non-Members Ksh 80,000
Location Pride Inn Paradise Beach Resort

The Journey to a Successful Career in Internal Audit

Are you an internal auditor? Would you like to have a successful career in Internal Audit? IIA Kenya in partnership with IIA Global, has organized an exciting information session on the career journey for Internal Auditors, and how the Institute of Internal Auditors can support you in this journey. The WEBINAR will focus on the benefits of Membership and Certifications to propel your career (IAP, CIA and CRMA).

Date & Time: Wednesday, October, 27 2021 at 6PM-7.30PM EAT

Cost: FREE

Click here to register: https://iiakenya-co-ke.zoom.us/webinar/register/WN_bQFY-RQnTNKpfUXGPNVP0g

Upcoming Events 2021

Upcoming Events 2021

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INTERNAL AUDIT COMPETENCY FRAMEWORK

INTERNAL AUDIT COMPETENCY FRAMEWORK

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