COVID-19: The implications for financial reporting and audit in the public sector
The External Reporting Board and the Centre for Accounting, Governance and Taxation Research cordially invite you to a Business Links Webinar.
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Description
This webinar will discuss the significant implications of the pandemic crisis and economic recovery for financial reporting and audit issues such as fair value measurement, impairment of assets, leases, expected credit loss assessment, subsequent events, revenue recognition, assessment of going concern, and audit reporting.
At this seminar, Professor Ian Ball will chair a panel discussion on the above issues with Angela Ryan and Francis Caetano focusing on financial reporting by central and local government entities respectively and Stephen Walker and Robert Cox commenting on audit issues for both central and local government.
Speaker Bios
Ian Ball is Professor in Public Financial Management at Victoria University of Wellington. He is Chair of the Audit Committee for the financial statements of the New Zealand Government and also has a number of advisory roles. Earlier he was CEO of the International Federation of Accountants (IFAC) and prior to that Chairman of the IFAC Public Sector Committee (now the IPSASB). Ian has also been a member of the Standards Advisory Council of the IASB and has chaired the Working Group and been a board member of the International Integrated Reporting Council. He is a Life Member of CA ANZ.
Francis is a member of the XRB NZASB and is the Group Financial Controller at Auckland Council, New Zealand’s largest territorial local authority. Francis has over 30 years private and public sector financial reporting experience, internationally as a Partner with Deloitte’s Southern African practice and, just prior to Auckland Council, with Audit New Zealand specialising in Local Government and Crown Entity sectors.
Robert is a member of the XRB NZAuASB and the Technical Reference Group for the NZASB. He is Audit Director and Head of Accounting at Audit New Zealand. He leads the technical accounting team, providing support to audit teams in applying both IPSAS and IFRS based standards to complex public sector transactions. He chairs Audit New Zealand’s Opinion Review Committee which considers any proposed qualification for a public sector entity’s audit opinion.
Angela is a member of the XRB NZASB and is a Principal Accounting Advisor at The Treasury. In this role she provides accounting policy advice on a range of issues affecting the whole of government financial statements. She project managed the Government’s NZ IFRS implementation process and the subsequent transition to Public Benefit Entity accounting standards. Angela is a past Deputy Chair of the International Public Sector Accounting Standards Board.
Stephen is Executive Director, Audit New Zealand, and thus leads the Auditor-General’s audit practice. His career has taken him around the world, with diverse roles in New Zealand, London and New York. His past roles have included standard setting, policy development, consultancy and over the last 16 years in senior management positions. Immediately prior to his current role he was Director of Operations at the International Federation of Accountants, based in New York. He was President of CA ANZ for 2019.