KPMG Podcast Series: Building Confidence

Navigating IFRS 18 - the strategic steps ahead

How will IFRS 18 reshape financial reporting? In this episode Greg Stinson, Head of Accounting Advisory Services, KPMG UK, and Aishat Akinwale, Corporate Reporting Expert, KPMG UK discuss the implications of the newly issued IFRS 18 standard.

 

They cover key changes including a more structured income statement, management-defined performance measures (MPMs), and enhanced aggregation and disaggregation requirements. The conversation highlights challenges and considerations for companies preparing for this new standard, providing essential insights.

 

Click here to watch our latest 'Accounting and Reporting Update'.

The impact of AI on financial reporting in Audit with MindBridge

What roles do people, processes, technology, and data play in shaping the future of financial reporting in audit?

 

In our latest podcast, our host for the episode, Matt Campbell (CTO, Audit, KPMG in the UK) was joined by Rachel Kirkham (Vice President, AI and Product at MindBridge) to discuss the how AI can enhance the accuracy of financial reporting and audit quality, trusted technology, how to get the maximum return on investment from using AI, and how leading companies in this space are getting it right.

The latest developments for ESG reporting in the US

In this podcast, we were joined by Hilary Eastman, Partner and Head of ESG reporting at KPMG UK and Anita Chan, Audit Partner at KPMG US as they dive into the latest developments within ESG reporting in the US, the SEC rules, what companies need to be considering and how these updates impact UK companies. 

The findings from the annual corporate reporting review with the FRC

Greg Stinson, Partner and Head of Accounting Advisory Services (AAS), is our host for this episode and is joined by Manisha Santchurn who leads our Corporate Reporting team at KPMG and Geoff LeGouais from the Financial Reporting Council (FRC). They discuss the key themes and findings from the annual corporate reporting review and the latest news on audit and corporate governance reform, including some recent changes and delays.

To find out more, watch our November AAS accounting and reporting update here.

Date: 28 November 2023, Listen now (18m 56s)

The relevance of AI for audit

In this podcast, Matthew Campbell CTO of Audit at KPMG UK and Mark Wallington, Audit Tech Partner, KPMG UK discuss the relevance of AI in audit.

Listen in as they discuss the rise of AI over the years, it’s capabilities today, and how we apply and use AI within our audits. Mark and Matthew also discuss challenges faced along the way and the key questions you should be asking your auditor.

Date: 19 December 2023, Listen now (10m 13s)

Takeaways from the 2023 proxy season

In this podcast, we were joined by Sophie Gauthier-Beaudoin, Head of Investor Engagement as we delve into a topic that holds significant weight in the world of corporate governance, the review of the 2023 proxy season.

Find out the key themes and insights from this year's AGM season in the UK, the growing focus from investors on engaging with companies on ESG issues, and the tension between investors voting to evidence stewardship vs creating real value.

Date: 6 December 2023, Listen now (10m 22s)

Audit & Corporate Governance reforms: Update on recent announcements – what should companies do next?

Last month, the Government announced that it had withdrawn the proposed changes to Companies Act which introduced new requirements. In addition, the King’s Speech in November did not include primary legislation needed to set up the Audit, Reporting, and Governance Authority (ARGA), and shortly after, the FRC released a policy update on the proposed changes to the UK Corporate Governance Code.

 

In our latest podcast, we are joined by Greg Stinson, Head and Partner of Accounting Advisory Services, and Manisha Santchurn, who specialises in advising our clients on the quality of their Corporate Reporting, to share what we are hearing from the different stakeholders and what these latest developments mean for companies.

 

References:

 

Annual Review of Corporate Reporting (frc.org.uk)

What Makes a Good Annual Report and Accounts (frc.org.uk)

FRC report looks at "Materiality Mindset" for better corporate reporting

The latest topical accounting and reporting issues

In this podcast, KPMG's Accounting Advisory Services experts joined together in the first ever live panel discussion broadcasted from the KPMG studio to reflect on the latest topical accounting and reporting issues.

 

The session focussed on the following topic areas:

• The status of the regulatory landscape, including updates from the Department of Business and Trade (DBT), the FRC, and the IASB.
• ESG reporting and assurance developments, including the status of the ISSB's work.
• The M&A market and what this means for reporting and accounting - both pre and post deal.

 

Watch the full discussion here.

 

Resources:

 

Accounting and reporting priorities - a forward look with the FRC | KPMG Podcast Series: Building Confidence (podbean.com)

ESG reporting and assurance: the challenges and opportunities ahead

The robustness of Modern Slavery Statements and Assurance

Treasurer's checklist when preparing for increased interest rates

Are you prepared for the changes to FRS 102?

Challenges for Treasurers in 2023

Corporate Sustainability Reporting Directive

Is Transparency on Track?

Consultation on the UK Corporate Governance Code

Audit committees and external audit

Audit and assurance policies: A guide for audit committees

UK IPO values sink this year, but there’s hope for 2023 - KPMG United Kingdom

Maximising the sale value of your business - KPMG United Kingdom

Weighing up the sale options for your business - KPMG United Kingdom

The ’S’ in ESG - a renewed focus

With social issues being pushed up the agenda for UK reporters, stakeholders are now wanting to understand more about how social factors are critical and material to reporters, their business, and their operations. In this episode, we are joined by Tatiana Hardy-Stotz, Senior Manager of ESG Reporting to talk about why social issues are increasingly becoming an area of focus, where UK companies can start to prepare for the tidal wave of regulations at UK, EU and International level, and the tips and advice for clients when responding to these regulatory requirements. 

 

Resources:

KPMG Global Survey of Sustainability Reporting

Is Transparency on Track? - KPMG's UK Sustainability Survey Report

Accounting and reporting priorities - a forward look with the FRC

At our recent webinar, we found that 26% of our attendees see Corporate Governance and Audit Reform and the changes being proposed to UK GAAP as their primary work-related challenge over the next 12 months.

 

In this episode our host, Greg Stinson, UK Head of Accounting Advisory Services, is joined by Jenny Carter, Director of Accounting and Reporting Policy, from the Financial Reporting Council (FRC). Topics discussed include the evolving status of the Audit and Corporate Governance Reform, the changes recently announced to UK GAAP, and the proposed effective dates and what to expect from the FRC going forward.

 

Click here to watch the full webinar from 23 March 2023.