Focusing on the Audit Committee

March 27-28, 2018

Three dozen company directors and senior executives attended MIoD’s inaugural training event, the Audit Committee Master Program. The two-day program introduced the duties and responsibilities of an audit committee, a key oversight function in a company’s governance structure to ensure the integrity of the financial reporting process and audit quality; participants also learned about best practices to improve the effectiveness of the audit committee and develop a robust risk governance framework.

U Aung Than, Vice Chairman of Shwe Taung Group and one of the participants, said the program helped him gain an in-depth understanding of the key functions and responsibilities of the board and the audit committee.

“More business executives should undergo this type of training, which will help them understand important corporate governance concepts and make use of such concepts for improvements at their firms. Such changes will help enhance operational efficiency and lead to the creation of sound governance structures to raise transparency and disclosure,” he said.

Other participants included representatives from First Myanmar Investment Co., Great Hor Kham PLC, KBZ Bank, Myanmar Agro Exchange Public Ltd., Myanmar Awba Group, Myanmar Oriental Bank Ltd., Myanmar Thilawa SEZ Holdings Public Ltd., Serge Pun & Associates Ltd., and Yoma Bank.