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Thursday
25th May, 2006
Farmers' and Fletchers' Hall, London
This event is FREE of CHARGE for Consultants.
In the quest for one version of the truth
- What are the practicalities for Finance Directors?
- What penalties could be imposed for non-compliance?
- What is the opportunity for advisors within mid-market businesses?
Regulatory compliance is a key boardroom issue and organisations failing to comply can face stiff fines and even prosecution of their senior executives.
Despite an already large investment, a recent survey by PwC revealed that fewer than 50% of companies had identified the data they would need for IFRS while fewer than 25% had upgraded their systems to be able to collect the information.
Alarming statistics, but not surprising given that Gartner have reported 75% of mid-sized businesses still feel compliance brings them no additional benefit.
The failure of some businesses to maintain proper internal controls to ensure greater transparency, improved corporate governance and more trustworthy financial reporting have led European and US governments to make law new regulatory regimes with imposing practicalities and severe penalties for non-compliance.
The result has been investment on a scale not seen since Y2K and a new era of regulatory intervention, that analyst warn, is not a one off event.
However, companies must comply, and not just the large corporations of the world. Down in the mid-market companies are feeling the pressure for compliance to become a core competency. The task for organisations and their advisors is to support the compliance challenge.
Find out the latest issues facing mid-market business, the compliancy practicalities facing Finance Directors and the opportunities these present to both businesses and their advisors.
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For more information,
Tel: +44 (0)1494 732839
Fax: +44 (0)870 169 0681
E-mail: facingthefuture@pmp.co.uk
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