Financial Reporting Outlook 2021

Economic Outlook

Hear insights from the EY ITEM Club forecasting economic activity for the period ahead and discuss how the economy is placed for a post-pandemic recovery.
 
The EY ITEM Club is a leading UK economic forecasting group, producing quarterly economic UK forecasts, special reports and forecasts. EY has been sole sponsor of the ITEM Club for more than 25 years. It is the only non-governmental forecasting group to use HM Treasury's model of the UK economy.
 

Putting the UK Government’s reform into practice - practical implications for boards

Join this session to hear first-hand from an esteemed panel of leaders, discussing the practical implications and opportunities for Boards stemming from the 26th UN Climate Change Conference of the Parties (COP26). The UK is leading by example by putting the world’s most ambitious climate-change targets into law and setting out policies to kick-start a green industrial revolution. Ensuring the financial sector is equipped to play its part is vital - aligning the financial system with a sustainable future will bring real benefits for the environment and society.
 

Mental resilience and adapting to the workplace of the future

We consider what modern, values-driven, inclusive organisations should look like and how they should operate. Touching on work-life balance, workplace culture, 'hybrid work', management and mental health, this session will examine the new challenges to old ways of doing business. From remote working to diversity strategies, our speaker will point out the misleading assumptions and the challenge for organisations to think differently about what they do, how and where they do it.
 

International tax reform

Following the backing by G7 Finance Ministers of proposals for international tax reform to implement minimum taxation rates and shift the allocation of taxing rights, this session will explore the new frameworks that are being negotiated and their potential impact on multinationals.
 

UK Corporate Reform: what will my internal controls compliance journey look like?

The UK Government has proposed changes to reporting and attestation requirements on internal controls to ensure that the UK remains a world-class investment destination. This session looks at what you need to consider when implementing a framework for internal controls over financial reporting.
 

US financial reporting developments

Always popular! From our US Capital Markets practice, our Washington based Partner and London based Associate Partner will discuss developments and points of focus of the key US standard setters and regulators, including the SEC, FASB, and PCAOB, they have seen in the last year. The discussion will cover current standard setting and rulemaking, trends in SEC staff comments, as well as emerging rulemaking areas.
 

Towards TCFD compliance

Concrete action is needed in the next few months by management and boards of premium listed companies to understand and address the impact of climate change risks and opportunities before they can fully report against FCA’s recent requirments on the Task Force for Climate Related Financial Disclosures (TCFD) And the mometum is building – the UK  Government’s intention is that other companies e.g.. AIM and large private companies will follow suite in the not too distant future. Join this session to here from Mala and Maria on

• Emerging observations from December 2020 FTSE 350 companies to provide insight into developing practice. 
• Considerations for underpinning processes to support reporting against the TCFD recommendations. 
• Tips for reporting, including in respect of the integration of information across the ARA.

Seven Deadly Sins of Transactions: the UK disputes landscape

With the pandemic contributing to a boom in transaction disputes, hear from Maggie Stilwell, Partner in Claims & Disputes, on insights from a busy year for her team and the implications for the finance team in protecting deal value.
 

China's shifting role in the world

Gavin Esler interviews Professor Stephen Chan, one of the UK's most respected academics on international politics and relations, particularly involving China, Africa and the West. They will discuss his work advising governments and diplomatic missions across the world, including the State Council of the Chinese Prime Minister, among other things.
 

IFRS developments

Back by popular demand! Hear directly from the IASB and EY on the IASB agenda and key developments in accounting standards.
 

The IPO boom and future of capital raising activity

2020/21 saw the biggest boom in IPOs and SPACs in more than 10 years. EY Capital Markets professionals will review this recent activity and consider how capital-raising will be impacted going forward.
 

Cryptocurrency and what we can learn from the OneCoin scandal

This session discusses the rise of Bitcoin and blockchain - why it happened and what this means for future financial markets. It will also cover the pitfalls such as "OneCoin", the story of the cryptocurrency that deceived the world.