Event / Audit conference 2024
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About this event
This online event ran over two mornings and offered indispensable practical insights and served as a valuable platform for audit committee chairs and members to engage.
Session content
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Grant Thornton will present a summarised version of their annual Chief Accountants Workshop for 2024, providing a briefing on how finance and audit teams can work together to make the audit process run smoothly. The session will also highlight some specific areas that are likely to be an audit focus this year - IFRS 16, transactions between providers and commissioners, and the valuation of PPE.
Governance is moving outwards: with the advent of provider collaboratives, joint arrangements and the incorporation of additional services into ICB portfolios, there is the potential for lines of accountability to become blurred. This suggests the need for audit committee chairs to work together within ICSs to manage risk and share best practice about the delivery of best value and cost improvement.
Phil will explore the need for audit committees to think more widely about outcomes and risks: such as, how are systems delivering against key missions to address, for instance, health inequalities? He will also touch upon new challenges in relation to cyber risk, which present a real challenge to core functioning.
All of these developments put the audit committee at the heart of the new governance architecture, where collaboration is king.
The Financial Reporting Council (FRC) has taken on the role of incoming shadow system leader for local audit. This builds on its existing responsibilities for setting audit standards, supervising the work of auditors and firms, and taking enforcement action where in the public interest. Ellen will provide an overview of the FRC’s work alongside DLUHC and the NAO to restore timely, high-quality financial reporting and audit, and outline the some of the organisation’s priorities for the year including a strategy to strengthen capacity and capability in the local audit system.
Ian will open the second day of the conference by welcoming the audience and outlining the morning's sessions.
New technologies, such as AI, offer huge opportunities for advancement across all avenues within the NHS; however, with opportunity comes risk.
Paul and Catherine will summarise the work MIAA has been doing to explore and understand new technology risks, providing examples of specific vulnerabilities, and identifying approaches in managing the threats. They will also highlight the vital role of boards and audit committees, and touch upon the likely skills and training required for the future.
Understand the NHS estate's impact on the overall NHS carbon footprint and the data required for accurate reporting. Ian will discuss the steps outlined in the Estates Net Zero Delivery Plan, which guides organisations in setting sustainability goals that align with the NHS’s sustainability targets. As part of this he will highlight the priorities areas that trusts should be focusing on including, energy efficiency and sustainable procurement practices. Alexandra will provide the latest numbers on the Evergreen Sustainable Supplier Assessment and the ambitious plans the NHS has for its suppliers - she’ll cover the work her team is doing to support the NHS and its supply chain to become a net zero health service from 2045.
Exhibition and sponsorship
Commercial opportunities are available for this event.
Refund/ cancellation policy
- 80% up to two weeks before the first day of the event
- 50% refund between two weeks and two days before the first day of the event
- No refund where cancellation is received with less than two days’ notice
- Tickets can be substituted up until the day prior to the event start, to allow a colleague to attend in place of the original registrant.
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