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Listen to our podcast where we talk to the regulators, senior board members and subject matter experts about how audit reform can create ‘deserved confidence’ in corporate reporting, audit and stewardship. Hosted by KPMG’s Phil Smart, Partner, with over 25 years of experience within the Financial and Insurance sector, working with global financial services clients in both the insurance and asset management industry.
Episodes
Wednesday Mar 08, 2023
Wednesday Mar 08, 2023
Whether you are still in the 'wait and see' mode, or have started commencing programmes to implement or improve your controls framework, there are still some unknowns on how businesses will need to respond to some of the anticipated UK Corporate Governance Reforms. In this episode, Richard Andrews, Partner for our Financial Services Consulting, and Irene Sellars, Partner and Head of Controls Assurance will talk through regulation, controls, and assurance, and why well implemented internal controls programmes should be at the top of your agenda to keep ahead of the curve.
Listen as our experts delve into the scope of the FRC changes, where businesses should be focusing on to build out their control frameworks, industry examples, why businesses should be thinking about this now, and what this means for boards and investors.
References:
Service Organisation Assurance Reporting (SOAR) - KPMG United Kingdom
Internal controls | What can assurance cover? | ICAEW
Information for management of a service organization in a SOC 1® engagement (aicpa.org)
2017 Trust Services Criteria (With Revised Points of Focus – 2022) | Resources | AICPA