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3rd Annual Audit Committee Conference 2013

THEME: “Empowering You to SUCCEED ”. 3rd Annual Audit Committee Conference 2013. Presenting the ACE Model – Winning Formula for Audit Committees. Sindi Zilwa CA (SA) Author. FOREWORD.

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3rd Annual Audit Committee Conference 2013

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  1. THEME: “Empowering You to SUCCEED” 3rd Annual Audit CommitteeConference 2013 Presenting the ACE Model – Winning Formula for Audit Committees Sindi ZilwaCA (SA) Author

  2. FOREWORD “The ACE Model, in using these four criteria (the ACE phases), then embraces many of the factors considered by an Audit Committee. As the Audit Committee is such an important part of modern governance, the book is the most useful guide to members of an Audit Committee to help improve the quality of work done by it. Governance is a journey, and this book helps a member of an Audit Committee on his or her journey to carry out the functions of an Audit Committee on a qualitative basis.” Mervyn King SC

  3. TESTIMONIALS “In this regard, in my respectful opinion, ‘The ACE Model’ which you have formulated provides and admirable basis for Audit Committees to equip themselves. It is a well formulated, logical, coherent model which encompasses all the constituent elements that will enable Audit Committee effectively to deal with their task.” “Prof Michael Katz, Chairman of ENS, Africa’s largest law firm.”

  4. TESTIMONIALS “Well done Sindi Zilwa for such a truly inspirational nation building initiative that ought to be embraced by all industries not only in South Africa but also abroad. I look forward to a day when future editions will take these principles forward and develop a universally embraced rating framework for ACE, and thus bring a unique flavour of sincere equity to the training and coaching of audit committees irrespective of whether they are young, or diverse professionals or veterans.” Terence Nombembe CA(SA) Auditor General of the Republic of South Africa

  5. TESTIMONIALS “The ACE model is an excellent tool to elucidate and showcase the vital role of the Audit Committee. We welcome this initiative by Nkonki, which should reinforce the increased importance of the audit function and how the Audit Committee can play a constructive and proactive role in Board, and company, performance and success” Honourable Minister of Public Enterprises - Mr MalusiGigaba

  6. TESTIMONIALS “I congratulate Nkonki for the ground breaking ACE Model that is aimed at improving Audit Committee effectiveness.  Indeed the Audit Committee guidance information has been too scattered around and disjointed and this model has packaged the effectiveness approach in a commendable way.” MatsobaneMatlwa, CEO of the South African Institute of Chartered Accountants

  7. TESTIMONIALS “This book provides valuable insights and proposes a coherent approach.  It will serve as a useful reference, not only for members of audit committees new and experienced, but also for members of management and directors of companies.”  Professor Wiseman LumkileNkuhlu, CA(SA), Trustee of IFRS Foundation and Director of Companies

  8. TESTIMONIALS “The ACE model is both technically thoroughly sound and practically highly useful. The combination of these two qualities makes this book a great resource and definitely the “go to” book for guidance and support for Audit Committees,  External and Internal Auditors, Finance heads, Academics and anyone interested in the topic.” “John Buchanan CA(SA), Director of Companies and Audit Committee Chair”

  9. TESTIMONIALS “I feel privileged to have read this soon to be published book on the Nkonki ACE Model for Audit Committees. You have clearly set yourself apart with this innovative and structured tool. It's simplicity and impact will ensure that every corporate wanting excellence in its audit committees, uses this classic model.” Sindi Mabaso-Koyana, CA(SA), Professional Director and a Businesswoman

  10. TESTIMONIALS “I particularly like the ACE Model as it captures the core of the desired competencies or at least the attributes to be possessed by the Audit Committee members.” Professor Temba Zakuza, CA(SA), University of Limpopo

  11. TESTIMONIALS “We would do well to recommend the reading and application of the ACE Model for anyone who wishes to participate as an Audit Committee member. It would be far more effective in promoting automatic compliance to any existing Laws and Regulations affecting Audit Committees” NoluntuNelisa Bam, Lawyer, FAIS Ombudsman

  12. TESTIMONIALS “I am very impressed with the way the ACE Model has been formulated and I congratulate Sindi Zilwa and Nkonki for a job well done. Audit Committee members will benefit immensely from reading and applying the ACE Model” Dr Judy Dlamini, Board Chairman and a Director of Companies

  13. TESTIMONIALS The ACE Model offers a valuable contribution in giving well structured, thoughtful and comprehensive guidance for the effective and practical operation of the audit committee provided by Sindi Zilwa, one of South Africa's most experienced audit committee practitioners and experts in this field. Philip Armstrong, Head, Global Corporate Governance Forum, Washington DC

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