Public boards, agencies and commissions have a significant role to play with respect to the success of their organizations. From legal to ethical, understanding the board’s roles and responsibilities are critical to the effectiveness of a board’s performance. This orientation session will also cover the public sector environment and the duties expected of directors. 

If you have recently been appointed to a board, this is the course the government recommends you take.

Public boards, agencies and commissions have a significant role to play with respect to the success of their organizations. From legal to ethical, understanding the board’s roles and responsibilities are critical to the effectiveness of a board’s performance. This orientation session will also cover the public sector environment and the duties expected of directors. 

If you have recently been appointed to a board, this is the course the government recommends you take.

The goal of this course is to provide Board Chairs and Members a better understanding of financial information in the public sector that will help them to better fulfil their roles and responsibilities. We will look at the roles of Board members, management, the Audit Committee and the external auditors together with some fundamental concepts that are the basis for financial reporting. Using some simple examples we will look at each of the main financial statements including the notes to allow participants to become more comfortable with each of the statements. We will also look at some procedures and tools that can be applied to the statements to build on this information.

Suggested prerequisite: Roles & Responsibilities of Effective Boards (Orientation)