The week consists of five sessions. Please see the recorded webinar schedule below:
Auditing leadershipDate: Monday 20 September 2021Time: 09.30-10.30Speaker: Tim Le Mare
Building business and personal resilience through challenge and changeDate: Tuesday 21 September 2021Time: 09.30-10.30Speaker: Peter Milligan, Director, New Generation Leaders
ESG and climate riskDate: Wednesday 22 September 2021Time: 09.00-10.00Speaker: Sonia Shah FCCA, Grant Thornton UK LLP
Supporting trust in audit and corporate governanceDate: Thursday 23 September 2021Time: 09.30-10.30Speakers: Bryan Foss, Co-Founder and Director of Risk Coalition and Lee Glover FCCA, Director, Haines Watts
Metamorphosis of internal audit - is internal audit sustainable?Date: Friday 24 September 2021Time: 09.30-11.00Speakers: ACCA Internal Audit Panel members : Lee Glover, Sarah Pumfrett, Management expert Robertson Stewart and Regulator Jonathan Walters.
The recordings are now available and you will have access to these sessions for 12 months.
Auditing leadership - Monday 20 September 2021
Auditing culture was a la mode a decade ago, but the culture stems from the top. Does the organisation take on too much risk and how would this be known? In our profession, rarely do we ‘catch people doing something right’. Calling out positive action for plaudits would have a big impact on engagement. So why doesn’t the Audit Committee focus on the high performing areas ie. the Cash Cow/Star instead of the dog/question mark as described by BCG’s growth share matrix? Could the Financial Crisis of 2008 have been avoided had Internal Audit teams been directed to look at the cash cow within the banking sector?
In this session we’ll look at why an internal auditor might be requested to audit an area of leadership, whether the internal team or an external consultancy should carry out that audit, what can go wrong, and what to do if it does.
Speaker: Tim Le Mare
Building business and personal resilience through challenge and change - Tuesday 21 September 2021
A positive mindset is wonderful but what else helps with resilience? There are tools you can use like the Eisenhower matrix but you need to apply it correctly to be helpful. The pandemic has required us to adapt to new ways of working but have we taken time to plan those changes properly? Proper planning prevents poor performance. The key to resilience in this time is patience and planning and taking the time to plan will yield a better outcome.Speaker: Peter Milligan, Director, New Generation Leaders
ESG and climate risk - Wednesday 22 September 2021
Environmental, social & governance (ESG) priorities have a financial impact, but they also impact on the expectations of stakeholders – including the role that Internal Audit should play in reporting on ESG information. The role that Internal Audit can play will depend on many factors - maturity of ESG adoption, the change being driven by regulatory bodies, investors, the Government and more. Climate risk in particular is an issue quickly moving up the corporate agenda, and Internal Audit could mitigate the impact of this risk on the business, yet there is a worrying lack of urgency at Board level to take action. There is pressure for organisations to make public commitments to sustainability and provide regular updates that include accurate metrics – so the opportunities and challenges of audit and assurance of ESG information are significant - but where do you start with this new risk area?
Speaker: Sonia Shah FCCA, Grant Thornton UK LLP
Supporting trust in audit and corporate governance - Thursday 23 September 2021The department for Business, Energy and Industrial Strategy (BEIS) published its whitepaper in March 2021 ‘Restoring trust in audit and corporate governance’; whilst many of these proposals will more closely impact our colleagues in the regulated external audit market, what opportunities exist for internal audit to strengthen its position as a key assurance provider to support management and Board in ensuring effective control, risk and governance arrangements exist and give confidence to external stakeholders over organisational stability. We’ll look at this, and how the concept of Board Assurance Frameworks and lines of defence (support or assurance) can be used to help organisations’ to better understand, build trust in, and maintain confidence surrounding their control environment.
Speakers:Bryan Foss, Co-Founder and Director of Risk CoalitionLee Glover FCCA, Director, Haines Watts
Metamorphosis of internal audit - is internal audit sustainable? - Friday 24 September 2021
This session will start with a wrap up of the four earlier session before a panel of speakers discuss what the metamorphosis of Internal Audit might look like, and whether Internal Audit is sustainable. You can submit questions and comments in advance to UKCL@accaglobal.com – please put Internal Audit Week advance question in the subject line.
Speakers: ACCA Internal Audit Panel
5.5 CPD units
1 hour of learning = 1 unit of CPD.
ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.
This event is organised by ACCA UK Continuous Learning.
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