EY set to hold Audit Committee Forum
ERNST & Young nigeria has concluded arrangements to bring together banks’ audit committee members across board, to brainstorm on governance-related issues.
This is expected to bring into perspective the evolving demands of businesses, regulators and investors.
According to a statement by the professional firm, the Audit Committee Forum, tagged, ‘The future of governance—digital, technology and innovation’, will hold on Wednesday in Lagos.
Speakers, who are mainly experts in the financial sector, will be looking to unpack issues around the role and responsibilities of the audit committee members and how their roles have evolved in recent time.
Other areas of interest to be examined include the impact of digital technologies on internal audit, with specific focus on ways technological innovation is changing the internal audit function.
Speakers will also take a deep dive into the International Financial Reporting Standards 9 and other developments impacting financial instruments accounting, among others.
According to EY, the Audit Committee Forum is organised to deliberate on the alignment of audit committee agenda with banks’ priority areas, present compliance matters as well as new reporting standards, among other pressing issues bordering on audit.