Westminster Business Forum

Preventing further failures in auditing and financial reporting - the new regulator, ensuring standards and the future shape of the auditing market

Morning, Wednesday, 11th December 2019

Royal Over-Seas League, Over-Seas House, Park Place, St James’s Street, London SW1A 1LR


This conference will assess the future of financial reporting in the UK.

The conference comes as the audit sector, business leaders, and those who produce financial reports come under increased scrutiny and political pressure following a number of recent corporate failures.

It also comes at a time of uncertainty around the future for proposed reforms, including:

The agenda

Keynote contributions:

  • The future for the UK audit market - key findings and next steps following the CMA’s market study - with Alistair Thompson, Director of Remedies, Business and Financial Analysis, CMA; and
  • Priorities for the regulation of financial reporting.

Further sessions on:

  • The future shape of the auditing market following the CMA’s market study - the operational split, resilience and market competition - with EY; BDO; PLSA and Professor Prem Sikka;
  • Ensuring the quality of financial reporting - standards, transparency, and establishing the scope of audits - with Professor Atul Shah; Sarasin & Partners; ACCA and BP; and
  • The establishment of the new regulator - the scope and remit of the regulator, the effectiveness of new powers in preventing future corporate failures, and the impact on stakeholders - with Hermes Investment Management and Institute of Directors.

Engagement with policy officials and government agencies at this conference

This Westminster Business Forum conference has attracted strong interest from policymakers. It will be an opportunity for stakeholders to engage with officials who have reserved places representing: BEIS; Cabinet Office; CMA; DfT; HM Treasury; NAO and the Northern Ireland Audit Office.


Kirsty Blackman MP

Officer, All-Party Parliamentary Corporate Governance Group and Shadow SNP Spokesperson (Economy)


Alistair Thompson

Director of Remedies, Business and Financial Analysis, CMA

Natasha Landell-Mills

Head of Stewardship, Sarasin & Partners

Maggie McGhee

Director, Professional Insights, ACCA

Brian Gilvary

Chief Financial Officer, BP and Chair, 100 Group

Professor Atul Shah

Visiting Professor, City, University of London

Senior speaker confirmed from the Financial Reporting Council

Hywel Ball

Managing Partner, Assurance, UK and Ireland and UK Head of Audit, EY

Scott Knight

Head of Audit and Assurance, BDO

Leon Kamhi

Head of Responsibility, Hermes Investment Management