Preparing for a strengthened UK internal controls regime
LIVE

Virtual

21 June, 2021

12:30 pm - 1:30 pm BST

Event

Preparing for a strengthened UK internal controls regime

Location: Virtual

  • Format

    Event

  • Type

    Conference

  • Duration

    1 hour

Join this webinar to hear from Jonathan Lucas-Lucas, Partner at PwC, on the recent BEIS consultation and the significant upcoming changes to the internal controls regime in the UK. Hear how this may affect your business and what you should be doing now to prepare.

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Product information

Overview

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1 hour
Format:Event
Access:This is a live event. You will receive information about the location, materials, and attendance after purchasing.

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Programme outline

On 18 March, the Government (BEIS) published its long-awaited consultation on reforms aimed at “restoring trust in audit and corporate governance”, as a response to the Kingman, Brydon and CMA reviews. The consultation sets out a broad programme of reform for auditors, companies, directors, audit committees, investors, other stakeholders and the regulator, including a proposal that the UK should adopt a strengthened internal controls regime - similar to the US Sarbanes-Oxley regime, which would require directors to attest to the effectiveness of internal controls over financial reporting.

Jonathan will set out how this proposal will likely impact UK businesses, the challenges and complexities that will be faced, and the key questions that UK businesses should be asking themselves now.

Learning outcomes

  • An understanding of the BEIS consultation and how it will likely impact UK businesses.
  • What businesses will need to do to meet future legislative requirements, and in what timeframe.
  • The “no regrets” activities which you should be undertaking now.

Speaker details:

Jonathan Lucas-Lucas, Partner

Jonathan is leading PwC’s response to the future UK internal controls requirements and supports organisations in controls transformation and optimisation programmes in order to meet regulatory requirements and deliver efficiencies through technology and controls simplification. Jonathan has more than 16 years experience supporting clients across a range of industries in their controls and compliance journeys. Jonathan has led global US SOx programmes for several FTSE 100 organisations across several industries.

Rob Pugsley, Senior Manager

Rob is is a core member of the team leading PwC’s response to the UK internal controls requirements and has over 9 years of experience supporting organisations across the listed private and public sector. He has led a number of financial control framework implementations in both a US SOx capacity and alongside business transformation, for global and UK based organisations.

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