Audit committees in light of an amendment to Act No. 93/2009 Coll., on Auditors

An amendment to the Act on Auditors introduces significant changes to the operation of audit committees. These changes relate to the audit committee’s structure and position, independence and professional qualification and the scope of activities the audit committees will carry out under new regulations.

In connection with the regulation of the auditor profession within the EU, audit committees have new responsibilities, among them the supervision over the auditors’ non-audit services. Our training will help you find answers to questions regarding the audit committee’s position and mission.

Who are the intended participants?

Current and future audit committee members.
Non-executive supervisory body members.
Top management members.

Programme

Requirements regarding the organisation of audit committees and the appointment of professionals.
Audit committee activities.
Responsibilities of audit committees regarding the approval of non-audit services.
Reporting duties of audit committees.

Benefits

After completing the course, you will:

Be able to interpret requirements on the audit committee member’s independence and professional qualification in practice.
Know the new duties of audit committee members imposed by the new regulations.
Become aware of the reporting requirements towards bodies regulating the activities of audit committees.