Developing An Effective Audit Committee

Date: Thursday, September 3, 2009
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Clay Worden, CPA with McGladrey & Pullen
Learning Objectives:
Provide a framework to assist audit committees in improving the effectiveness of their oversight responsibilities and to assist both management and the committee with an understanding of the difference between the day-to-day responsibilities of management and the oversight responsibilities of an effective audit committee.
Field of Study: Business Management and Organization
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

Course Description

This course will look at the roles and responsibility of the audit committee and will help better define the responsibilities of the committee, as it related to assessing risk, overseeing the financial reporting and evaluating the audit process.

Corporate governance often requires balancing the pressures of multiple stakeholders. This course is designed to provide a framework to improve the effectiveness of Cooperative audit committees.

Presenter and Moderator Bios
Clay Wordenis a partner with McGladrey and Pullen and primarily serves agricultural entities and cooperatives. As corporate governance has continually evolved, Clay has actively participated in the coordination and education with the goal of improving the oversight and effectiveness of finance and audit committees.

The rules of engagement and the associated liabilities of those serving as directors and officers are heightened during tough economic times. Clay has found that a well-thought-out, well-organized approach to managing enterprise risk can pay dividends, and oftentimes the audit committee can play a very important role in mitigating risk and contributing to the success of an organization.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.