1 day (6 CPD Hours)
Introduction
The pensions sector is operating in a climate of uncertainty with deficits and regulatory changes placing greater demands on accountants both advising and working in the pensions sector.
This key annual conference will look at the challenges of investment, internal controls and audit assurance facing the industry that finance professionals must be on top of in order for their clients to survive and thrive.
The course in detail
09:30 – 09:35 Welcome by Chair
09:35 – 10:20 Understanding derivatives and alternative investments
- Overview of the nature of derivative contracts
- Examples of option style contracts
- Examples of future/forward style contracts
10:20– 11:05 Practical investment valuations from the investment managers viewpoint.
This session will explore investment valuations from the investment manager’s viewpoint giving delegates an insiders view of how it works in practice.
11:05 – 11:20 Refreshments
11:20 – 12:05 Accounting for derivatives and alternatives to comply with SORP
As schemes invest in increasingly complex investment strategies this brings with it challenges on how to reflect these strategies in the report and accounts. This session will look the issues surrounding the way such strategies are accounted for and reported.
12:05 – 12:50 Pensions audit evidence
The current market conditions present particular considerations for auditors and trustees in relation pensions audit evidence. This session will consider the provision of information in trustees’ reports, valuation of investments and disclosures in notes to the financial statements during a prolonged period of market turmoil.
12:50 – 13:50 Lunch
13:50 – 14:35 The accountant’s role in pension restructuring
This session will look at what the industry may look like in 10 years time, the different roles pension accountants may have and how pension accountants can look forward to the future.
14:35 – 15:20 What does a good audit look like
- Why care about audit quality?
- What does audit quality look like from the perspective of the trustees? The scheme administrator? The employer?
- What questions should the trustees be asking when appraising their auditors or choosing a new one?
15:20 – 16:00 Reviewing your internal controls.
This session will examine the benefits of understanding your control environment and provide advice on best practice for business critical areas, including data management and record keeping.
16:00 Round up followed by tea
What are the benefits of attending?
Delegates will be up to date with current practice and thinking during a prolonged period of economic instability affecting the financial markets.
Who should attend?
Auditors and accountants involved in pensions accounting, auditing and administration.
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