The direction and focus of the statutory audit function is changing. Shareholders and auditors have been consulted extensively on the changes and ACCA is now providing the other providers of capital: the lenders and corporate finance sector, an opportunity to have their say. Governments and the EU have been extensively lobbied by the larger audit firms on this issue, lenders and corporate financiers have not been as forthcoming with their views. The changes to audit are a proposed new EU Audit Directive and Audit Regulation and a proposal from the International Auditing and Assurance Standards Board (IAASB) titled “Improving the Auditor’s Report”.
Speakers on the morning will include:
Brendan Murtagh, IAASB Board Member
Brendan will outline the EU proposed changes and the IAASB “Improving the Auditor’s Report” initiative.
John Webb, Head of SME and Other Lending, AIB
John will discuss the impact of the proposals on lenders and what reliance lenders place on audit reports. John will also discuss what issues lenders would like auditors to address.
Des Carville, Director, Davy Corporate Finance
Des is primarily involved in quoted company transactions and has worked on a wide range of high profile transactions including: Esat’s Irish listing and hostile defense and sale to British Telecom; numerous AIM and ESM flotations, capital markets/fundraising transactions for Ryanair, Riverdeep, Bank of Ireland and OpenHydro; the Moonduster bid for Irish Continental Group; the Coyle Hamilton sale to Willis plc; the Riverdeep and Davy management buyouts and Davy's acquisition of Bloxham's private client and wealth management businesses.
Des will discuss the impact of the proposals on the corporate finance sector, leasing, venture capital.
Stewart Dunne, Audit & Advisory Partner, BDO Ireland and member of the ACCA Global Audit Forum
Stewart will discuss the impact of the proposals on non-public interest clients.
Please note this event is free of charge but booking is required as places are limited.