UK audit & governance reform: A roadmap disrupted: A view from the Audit Committee & Internal Controls

The Loft at The Ivy Club, 9 West St, London WC2H 9NE

7th November, 2023
8:45 - 10:30 am


The process of UK audit reform has been disrupted after the government decided to abandon major changes under discussion for the past five years. But reform is not quite dead. There is much for audit committees and internal controls experts to consider. Though ministers may have u-turned on new reporting requirements for audit and corporate resilience, companies could still retain some of the changes while also grappling with sustainability reporting provisions included in a newly revamped UK Corporate Governance Code. This breakfast briefing in partnership with Board Agenda will explore the measures worth keeping from the government’s cancelled policies while highlighting new audit committee responsibilities included in the code.

Chaired by editor Gavin Hinks, panel guests will discuss:

  • Where the UK is now on audit reform. How businesses have reacted.
  • Whether elements of the scrapped reforms are worth retaining and why.
  • New audit committee responsibilities on narrative and sustainability reporting expected in a revised governance code.
  • New responsibilities for internal controls.
  • The reporting and assurance challenges they represent.
  • Whether a new government could resurrect reforms following next year’s General Election.

Who Should Attend

This exclusive in-person event is tailored for audit committee members, corporate governance professionals, audit experts, and risk management specialists as we gain insight into the status of UK audit reforms, the implications for audit committees and heads of internal controls.

Reserve your spot today!

Michael Rasmussen

GRC Analyst

Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 29+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” – being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.

Andy Kemp

Audit Committee Chair of Berkeley Group Holdings PLC & Chair of ACCIF

Andy is chair of the Audit Committee Chairs’ Independent Forum (ACCIF) and is also a Non-Executive Director at The Berkeley Group Holdings plc (where he chairs the Audit Committee and is a member of the Remuneration Committee and the Nominations Committee). Andy is also a Non-Executive Director at ScS plc (where he is a member of the Audit Committee, Remuneration Committee and Nominations Committee) and at Irwin Mitchell Holdings Limited (where he chairs the Audit Committee and is a member of the Risk Committee). He is also a Governor of Birkbeck University of London (where he is a member of the Audit Committee and Digital Sub Committee)

Carolyn Clarke

Chair of the Audit Committee of Starling Bank, Elcogen plc and Agilyx AS

Carolyn brings more than 25 years of experience combining behavioral change with external audit, internal audit, risk, conduct and compliance. She has a portfolio of Audit Committee Chair roles and is a former Vice-President of the Institute of Business Ethics and the current Vice-President of the Chartered Institute of Internal Auditors. She has also served as the Chair and Trustee of several not-for-profit regulated organisations. Carolyn spent almost 20 years with PwC, latterly as a Partner, before moving in-house to become the Head of Audit, Risk and Control for a FTSE 20 global corporate.

Gavin Hinks

Managing Editor at Board Agenda

Gavin Hinks is the managing editor of Board Agenda. Hinks, an award-winning business journalist with over 20 years' experience, is the former editor of Accountancy Age and Financial Director; he has written extensively about financial and regulatory issues, corporate governance and ethical and responsible business practices. Hinks manages the editorial team at Board Agenda and produces targeted news and featured content across print and digital media, he also hosts conferences and other live events. As well as presenting several videos, Hinks has also appeared on national TV and radio as a pundit offering his insights and expert opinion on the business world today.