ONLINE booking for this event is now closed. If you have any queries please email governance@ipa.ie
Modern organisations require strong and effective financial management and financial reporting processes, including, inter alia, a sound system of internal control. Despite this, many of those in key positions, be at the Executive level or on the Board or its Committees, do not have a formal financial background. At the same time, these key actors are charged with accounting for proper financial stewardship.
This training workshop is designed to support Board and Committee members and senior Executives to understand key concepts, processes and issues in respect of financial reporting and systems which support the finance function.
The areas to be addressed in the session will include:
What are the responsibilities of the Executive, of the Board, and of the organisation?
What information should the Board receive from the Executive?
How can a Board provide assurance that the financial statements meet requirements, such as those under the Code of Practice for the Governance of State Bodies (2016) or analogous codes?
What are the particular features of public sector and non-profit financial reporting?
How can effective financial management support an organisation?
What are the key issues and risks around finance that a Board member should be aware of?
What are the key features of a system of internal controls?
Speakers
Dr Deirdre Bane
Deirdre is a Senior Finance Specialist in the IPA Governance Team, delivering Financial Management, Audit and Internal Control Training and assistance programmes together with consultancy services to various public, state and semi-state bodies, charities and not-for-profit organisations. Previous to her position at the IPA, Deirdre worked in education for over thirteen years as a Lecturer in Finance, teaching Financial and Management Accounting (including Financial Statement Analysis), Corporate Finance and Financial Management (Investment Appraisal), and Economic and Statistics.
Prior to her experience in education, Deirdre spent ten years in the United States, working in the financial services sector (including equity research and asset management). In addition, she worked for an independent consulting practice performing economic impact analysis studies, economic development planning, social research and analysis, and providing strategic planning services to government, non-profit and corporate clients in the United States.
Aidan Horan
Aidan Horan is a Senior Associate in Governance at the IPA. He was previously Director at the IPA with overall responsibility for governance, assurance and related services. A qualified accountant, he led the governance specialist team and was the founder member of the Governance Forum at the IPA.
Aidan is a Director at the Glencree Centre for Peace & Reconcilliation has also been nominated to a number of non-executive roles over the years including as Audit Committee Chairperson, Department of Finance and Department of Public Expenditure and Reform. He is also a member of the Public Financial Management Board and the Sustainability Panel at the Chartered Institute of Public Finance and Accountancy [CIPFA] (UK).
Majella Malone
Majella is a Finance Training Specialist at the Institute of Public Administration and is a member of the IPA Governance and Finance Team. Majella delivers a range of services to public and state bodies and not-for-profit entities in the areas of finance, financial management, audit and risk. She is an experienced finance and accounting trainer and lecturer, and leads on the IPA's Certificate in Management and Financial Accounting and the Certificate in Audit Skills. Prior to joining the IPA, she was a Lecturer in Accounting and Finance at Dublin Business School.
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