UK Audit Reform 2023:
Preparing for a New Resilience Framework

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Date:

01/03/2023

Time:

8:30 am - 11:00 am
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BREAKFAST BRIEFING

UK Audit Reform 2023: Preparing for a New Resilience Framework

The Ivy Club, London
Wednesday, 1st March 2023

8:30 – 11:00

One of the most significant developments emerging from the government audit reform agenda is the proposal that boards write a “resilience statement” about their company’s ‘survival prospects’ as a going concern over the short and medium term.

Crucial to the resilience statement will be internal controls and internal audit work providing board intelligence on the company’s management of risk and resilience, review of operations and verifying critical information. Indeed, the system of risk management and internal controls may be key to informing a board discussion of resilience.

With watchdogs preparing to consult on resilience reporting, now is the time for internal controls teams to gain an understanding of their role in shaping resilience statements, the role of risk assessment and the contribution a reformed internal controls regime might play.

Join us at this complimentary breakfast briefing for educational and thought-provoking discussions and networking on the new resilience framework, delivered by audit and internal controls experts.

 

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