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AoC Audit Committee Autumn Masterclass Series 2022

Venue: Online via Zoom

Date: 27 September 2022

Time: 16:00 - 17:45

Fee: Starting from £45 + VAT

This masterclass will take place on Tuesday 27 September, 16:00-17:45 and repeated on Thursday 13 October, 16:00-17:45.

“The audit committee must advise the corporation on the adequacy and effectiveness of the corporation’s assurance framework. The audit committee must play a robust role in good stewardship and risk management ….. [the committee] advises and supports the corporation in explaining, in its annual accounts, the measures taken to ensure it has fulfilled its statutory and regulatory responsibilities.” - (Post 16 Audit Code of Practice, para 22)

College audit committees have a key role acting as the independent and objective conscience of the board. Most committee members are full governors and also have the joint and several responsibilities of governors and charity trustees. The remit of the college audit committee is not quite the same as that of most corporate audit committees and it is important that board members and management understand the role and responsibilities.

In this interactive masterclass Stephanie Mason of RSM and Tom Morrison of Stone King will take you through the audit committees roles and responsibilities and how to meet them, with examples. The session will also look at the relationship with auditors, how to use auditors to gain assurance and there will be plenty of time for discussion.

Sessions are £45 per person, per session for member college delegates and £75+VAT per person per session for non-members.

Stephanie Mason
Head of Further Education and Skills at RSM
Stephanie Mason photo
Stephanie is a specialist in further education sector issues, consultancy, audit and compliance, risk management and governance. She is a regular commentator on sector issues, running RSM seminars and round tables, and speaking at sector events. Stephanie is RSM’s lead partner for delivering funding assurance reviews for the ESFA and MCAs. She also works with colleges and providers on governance, mergers and due diligence, acting as a sounding board to many in the sector. Stephanie has been a college governor and audit committee chair and is keen to assist colleges in getting the most from their audit committees and their auditors.
Stephanie Mason photo
Tom Morrison
Head of Further Education at Education and Charities Specialist Law Firm Stone King
Tom Morrison photo
With over twenty years’ experience advising the sector on governance, strategic and commercial matters, Tom is nationally recognised by independent legal directory Chambers and Partners as an expert legal advisor for colleges. As part of the largest education sector legal team covering all areas of need for colleges, Tom supports college Boards and Senior Leaders in both progressive and challenging situations as well as managing projects and supporting effective governance.
Tom Morrison photo