Value of Audit Dialogue with Investors

The role audit plays in investment decisions and how the corporate report can better support the flow of capital that underpins financial markets.

12 July 2017, 7:15AM - 5:00PM, MYT

The Value of Audit conversation continues at the International Corporate Governance Network’s (ICGN) Kuala Lumpur Annual Conference on 12 July 2017. The first event is a roundtable discussion hosted by Mun Kong Foong, Head of Audit, KPMG in Malaysia and Mark Vaessen, Global Head of IFRS, KPMG International with audit committee chairs, investors, and KPMG partners Takuji Kanai, Head of Audit, ASPAC region and KPMG in Japan, and Roger Tay, Head of Audit, KPMG in Singapore focused on advancing the governance agenda. The second event is a panel discussion with investors focused on addressing the negative implications of short-term strategies, which will be moderated by Mun Kong Foong, KPMG in Malaysia.

The Value of Audit is an ongoing KPMG-hosted discussion since 2013 with audit committees, investors, regulators, standard setters and management to better understand their changing needs and expectations of the audit, and how the corporate reporting process can be improved to better support the flow of capital that underpins the financial markets.

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Agenda

ICGN Annual Conference Kuala Lumpur

Wednesday July 12, 2017

Roundtable discussion (Invitation only): 07:30 – 08:45

Advancing the governance agenda: A discussion with audit committee chairs and investors

As Asian economies integrate, limitless investment opportunities are created, but the journey is not all plain sailing. Escalating costs, and political and governance risks are among the challenges facing companies today. What role can the audit profession play to help improve corporate governance, specifically in advancing the governance agenda, contributing to a well-functioning audit committee, and highlighting areas of significant risk, including fraud?

Hosted by Mun Kong Foong, Head of Audit, KPMG in Malaysia and Mark Vaessen, Global Head of IFRS, KPMG International.

 

KPMG hosted breakout session: 13:45 – 15:00

Addressing the negative implications of short-term strategies

Corporations are subjected to various reporting requirements and performance measurements which may cause ‘short termism’. Short-termism can result in under-investment, adoption of short term goals and in an extreme scenario – mismanagement of financial numbers and fraud. What role can the audit profession play to help bring attention to the negative implications of short-term strategies? Is there a role for broader assurance over KPIs reported outside of the financial statements?

Chaired by Mun Kong Foong, Head of Audit, KPMG in Malaysia.

Guide

For more information, visit the ICGN Kuala Lumpur Annual Conference website.