OFFICE OF RAIL AND ROAD
Independent Member of the Audit Committee
15:50 - 16:40 (04/10/2018)
(AUDITORIUM) C.S 3.4. What do Audit Committees expect from Internal Audit? Are these expectations always met?
Melvyn Neate has spent a great deal of time in his career working with Audit Committees.
His work has ranged from providing information and advice to committees as an internal auditor to chairing committees and reporting their work to boards. As a result, he is now firmly convinced that an Audit Committee is a key component of governance, providing support, assurance and challenge to the Board and executive management and consequently making a major contribution to an organisation’s success.
Melvyn will share his experiences with the audience in Madrid, both good and bad and, whilst his presentation will include a bit of theory, the majority of what he has to say is based on actual experiences. He will be able to explain what works well and what doesn’t!
Internal Audit will only prosper if it understands the Audit Committee’s expectations and continues to adapt and improve in line with these expectations.
14:00 - 15:00 (05/10/2018)
Audit committees from different business agree with the fact that they face several threats from political and economic uncertainty, as well as regulatory compliance (especially aligning local and general laws and regulations).
Let´s not forget the “not so new” digital revolution the world is facing which impacts in businesses on a global scale and is a disruption threat that concerns audit committees.
These challenges are greater than ever due to the fast changes businesses are facing globally. To better understand these challenges, this discussion panel counts with highly skilled Board Members / Chairs of Audit Committees of some of the finest and most distinguished companies from Europe.