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The Redmond Review On Local Government Financial Reporting External Audit

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Event summary

The Redmond review aims to ensure good practice across all English local government organisations in terms of financial reporting and external audit. It will focus on some of the key operational characteristics that should be endemic across local government to help ensure greater transparency, trust and simplicity in its reporting.

This special webinar has been set up to provide an update on what this review is likely to mean for organisations and officers / members alike.

Sir Tony himself will be speaking at this event, which will provide ample opportunity to ask him, and all other speakers on the day, any questions relating to this review via our round-table discussion forum and through the wider e-networking opportunities.

Date

28 September 2020
Starts: 09:00
Ends: 12:00

Location

Webinar
Webinar
[See map]

Standard price

£95.00 excl VAT

Network Member Price

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About this event

Hear directly from Sir Tony on the recommendations and impact of the review and the likely timeline for implementation. Gain an early insight from Rob Whiteman, CIPFA’s CEO, on how the Institute will be responding to the recommendations, in order to best support and promote these recommendations.

There will be the opportunity to question and take part in an on-line discussion forum during this event with other delegates, on what these changes are likely to mean for the practitioner.

Who should attend?

The Redmond Review will have far reaching implications for the Sector and this webinar will be of interest to a wide range of stakeholders, principally:

  • Leaders and senior managers within councils, police and fire bodies with responsibility for financial reporting and governance.
  • Finance portfolio holders and audit committee members.
  • Heads of Service.
  • External auditors operating as local auditors.
  • The wider community of regulators and stakeholders for local government financial reporting and audit.

How will you benefit from attending?

The webinar will provide an early opportunity to hear from Sir Tony directly and leading figures from local government finance and audit. Delegates will gain insights into the practical issues and timelines around the recommendations of the Redmond Review, as well as gain a unique insight as to the expectations placed upon the sector by the Institute. The webinar will also provide a unique opportunity to ask key questions of the panel members.

Programme

09.00 – 9.30 Registration

9.30 – 9.35 Chair’s welcome and introduction
Cliff Dalton, Head of CIPFA Advisory Networks


9.35 – 10.05 Reshaping Audit – Outcomes of the Redmond Review 
Local public audit in England underwent a drastic change with the Audit and accountability act 2015. Over a century of public audit practice came to an end and a bold new world began. However some of the initial promise has fallen short and the new regimes weaknesses have been the cause for concern by many in the sector. The audit framework must be effective for the public sector to function correctly and so understanding the outcomes and recommendation from the review are essential.
Synopsis 
• Understanding recommendations 
• How the sector is to be reshaped
• What is the time line   
Speaker: Sir Tony Redmond 

10.05 – 10.30 A Time to Plan – considering the implications from a Director of Finance view. 

Any change has implications for those effected. Change requires planning and resource and often brings with it additional risk even if this is only for the short term. At a time of financial challenge, it is understandable that those who have to implement this change will feel unsettled. What do we know and how many questions are unanswered?
Synopsis:
• What can be implemented without primary legislation 
• Are the public getting what they want and need?
• Materiality
Speaker:  To Be Confirmed

10.30 – 10.55 Re-energising local public audit - the glass is half full!
Some of the most penetrating criticism of the current audit regime has come from auditors themselves. Jon Roberts, Grant Thornton sees the current review as an opportunity to take stock and make things work better for everybody by designing an audit framework that helps auditors focus on the things that matter most, by supporting local authorities in times of significant financial pressure, and providing more meaningful reporting to citizens.  
Synopsis:
• implications for audit regulation and governance 
• materiality and other factors with public sector nuance
• future of audit and the next generation of auditors
Speaker: Jon Roberts, Grant Thornton

10.55 - 11:20 CIPFA reflections of the Redmond Review
Rob Whiteman will share his thoughts on the key elements of the review and how the Institute will be looking to take these recommendations forward.
Speaker: Rob Whiteman, CEO CIPFA

11.20 – 11.30 Comfort break

11.30 – 12.00 Panel discussion
Our last session of the day is an opportunity for delegates to ask questions of all speakers during the day. To clarify points covered during their presentations or even ask about something else you feel strongly about?
Panel Members: Speakers from the day

FINALE Chair’s Summary and Close


Topics

  • Accounting
  • / Audit
  • / Childrens services
  • / Efficiency
  • / Ethics
  • / Financial management
  • / Financial reporting
  • / Governance
  • / Internal audit
  • / Leadership
  • / Local government
  • / Performance improvement and policy
  • / Police
  • / Professional development
  • / Risk management
  • / Sustainability
  • / Transport
  • / Treasury management

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Speaker - Sir Tony Redmond

Sir Tony Redmond

Sir Tony Redmond is a past CIPFA President and a member of CIPFA’s Institute Council; a Fellow of the Institute of Revenues and Rating Valuation; and a Fellow of the RSA. Tony has had a long and substantial career in public service, in particular local government. He was Chairman and Chief Executive of the Commission for Local Administration and Local Government Ombudsman for a period of nine years. Prior to that, his principal roles included the posts of Chief Executive of the London Borough of Harrow, Treasurer to the West London Waste Authority, Finance Director and Deputy Chief Executive of Knowsley MBC and Treasurer to the Merseyside Police Authority. In his earlier years he was Deputy Finance Director of Wigan MBC and Chief Accountant of Liverpool City Council, after occupying roles in Audit, Accountancy, Revenues and Corporate Planning with that authority. Tony is currently Local Government Boundary Commissioner for England and also Treasurer of Unicef UK. He is also Chair of the Consumer Council for Water for London, and the South East and Course Director at Public Administration International, dealing with the role of the Ombudsman in dispute resolution.

Speaker - Rob Whiteman, Chief Executive, CIPFA

Rob Whiteman

Rob Whiteman has been CEO since September 2013. Before joining the Institute, he was a senior civil servant who worked as the chief executive of the UK Border Agency and had previously led the Improvement and Development Agency. Prior to this he was CEO of the London Borough of Barking and Dagenham and director of resources at the London Borough of Lewisham.

Speaker - Cliff Dalton, Head of Networks, CIPFA

Cliff Dalton

Cliff is a qualified CIPFA accountant and Shared Service Practitioner. He is CIPFA's Head of Networks, representing the Institute and shaping policy voice, position statements and speaking at events on local government and transformation issues. Cliff has also worked for 20 years in local government. E: cliff.dalton@cipfa.org, T: 01904 671938.

Speaker - Jon Roberts Head of Public Policy - Audit

Jon trained at the Audit Commission and left in 2002. Since then, he has gained over 18 years’ experience as a public sector specialist engagement lead and for the last 13 years as a partner at Grant Thornton. He was appointed Head of Assurance for Grant Thornton from 1 July 2018 and Head of Public Policy (Audit) from 1 July 2019. Jon currently leads on local public audit relationships with external bodies, including the ICAEW, Public Sector Audit Appointments Ltd, the National Audit Office, MHCLG, NHSI and CIPFA.