ASSOCHAM Virtual Corporate Governance Symposium on "Effective Audit Committee"

The audit committees play a pivotal role for an effective corporate governance. The approval of audit committees to financial and non-financial data is in core for internal control, regulatory compliances, and risk management. The consistent growth of EVA in the long-term is the outcome of unquestionable ethics which is witnessed by the impetus in conducive changes that enable an entity to be an exemplar of a highly responsible corporate citizen. On the other hand, the instances of corporate financial scams and frauds have legal and penal implications to promoters as well as auditors and such fundamental crisis discourages and prevents several stakeholders from taking investment risks and the practices of members of the audit committee also undergo scanning alongside several other challenges.

The second wave of the COVID-19 pandemic has triggered a variety of business, financial and operating issues, and challenges to the organizations. The audit committees have an enhanced responsibility to balance the priorities unlike their routine way of doing practices in the past. This is in the context of the oversight role of the audit committees that the fundamental rights of stakeholders should be on verge of strategic agendas and that global best practices co-evolving with the severity of pandemic would only empower the audit committees to combat the new challenges and risks.

In view of emerging trends in the practices of audit committees as well as challenges being faced by them towards protecting the interests and rights of shareholders and strengthening the overall corporate governance frameworks in the organizations, ASSOCHAM is organizing the Virtual Symposium on “Effective Audit Committee Ensuring Governance”.

The conference will be deliberated by eminent speakers and participants from the government, regulators, corporate governance practitioners, directors on board of corporates, company secretaries, CFOs, legal heads, compliance heads, among others.