In this episode we talk to Charles Tilley, CEO of the International Integrated Reporting Council (IIRC), about the introduction of the new Resilience Statement – one of the proposals in the recent BEIS consultation on Restoring trust in audit and corporate governance.

Charles shares an overview of the proposals for the new Resilience Statement and how this will lead to more meaningful reporting, touching on some of the key challenges organisations will face. Charles also discusses the inclusion of TCFD reporting, reverse stress testing and concerns from preparers that commercially sensitive information will need to be shared. Listen to this episode to find out more about this important proposal and what companies should do today using existing requirements.

In this episode, KPMG host Michelle Hinchliffe is joined by Jock Lennox, Chair of the Audit Committee Chair Independent Forum (ACCIF), to discuss the Government’s proposals to strengthen internal controls at UK companies.

Jock shares his views about why more evidence of robust controls over financial reporting is warranted in the UK and the approach he believes should be taken. As well as this, Jock comments on what the future could look like and how companies can re-establish trust in order to ‘get the corporate debate off the front pages and back into the business pages’. Listen to this episode in preparation for planning your own response to the consultation, which is due by 8th July.

In our first episode, KPMG host Michelle Hinchliffe is joined by Sir Jon Thompson, Chief Executive of the FRC, to talk about the Business, Energy and Industrial Strategy (BEIS) consultation to restore trust in audit and corporate governance, which was launched on 18 March 2021. Together they explore the package of reforms and how it aims to drive change and build confidence in the UK market.

Listen as Jon shares his views on how the recommendations can help businesses grow, changes in director responsibilities, its impact on investors, the regulatory perspective and the potential cost implications.  He also provides some insights into what to expect as a result of the consultation, how it will be implemented and equips listeners with the perspective of our regulator as they plan their response to the consultation, which is due by 8th July.