Home
overview

This two-day conference will keep all those involved in PFI up to date with the latest developments, standards and recommendations regarding accounting, auditing, tax and risk analysis procedures.

Topics covered at the conference will be discussed both in theoretical terms and through current PFI case studies by industry leading experts and will give accountants, auditors, finance directors/managers, project directors/managers, analysts and consultants practical advice in avoiding common pitfalls and provide a unique networking opportunity.

Key issues to be addressed at the conference:

  • Aligning public and private sector accounting practice
  • National Audit Office’s new implementation framework
  • Value for money auditing
  • National Physical Laboratory and project termination
  • Accounting in new and alternative delivery models
  • Risk management
  • Audit models
  • Tax update

Benefit from presentations by:

  • Dr James Robertson, Director PFI, National Audit Office
  • Robin Lynch, Director, National Accounts, Office of National Statistics
  • John Reed, Project Director, 4ps
  • Chris Shapcott, Director, Health VFM and PPP/PFI Audit, National Audit Office
  • Mark Williams, Director, Deloitte
  • Zoe Kay, Director, Deloitte
  • Mike Allen, Senior Technical Manager, Audit Commission
  • Chris Delgarno-Platt, Finance Manager, Special Projects, Argyll and Bute Council
  • Jon Cooke, Assistant Director of Finance, Eastern Hull PCT

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Paul Mountain

Paul Mountain, Partner, Martineau Johnson Solicitors

Richard Baizley

Richard Baizley, Partner, Martineau Johnson Solicitors

9:10 PFI ACCOUNTING IN LOCAL GOVERNMENT

John Reed

John Reed, Project Director, Public Private Partnerships Programme, 4ps

  • Why PFI is off balance sheet in local government
  • 9:50 ACCOUNTING FOR PPP AND PFI IN THE NATIONAL ACCOUNTS

    Robin Lynch

    Robin Lynch, Director of National Accounts Group, Office For National Statistics (O N S)

  • Relationships between national, government and business accounts
  • New developments in national accounting treatments for PPP
  • Overview of data collection project
  • Project results
  • Messages for accountants
  • 10:30 Morning Coffee

    11:00 PROJECT TERMINATION

    Chris Shapcott

    Chris Shapcott, Director, Health VFM and PPP/PFI, National Audit Office

  • The reasons for the termination
  • The management of risks in the project
  • The Department of Trade and Industry’s handing of the project
  • The value of money of the termination
  • NAO recommendations
  • 11:40 FINANCIAL BLACK HOLE?

    Jean Shaoul

    Jean Shaoul, Professor of Public Accountability, Manchester University

  • Disclosure and reporting at department, Treasury, and national income accounting levels
  • Annual reporting and at the public agency level
  • The private sector level
  • Why it matters
  • 12:20 Networking Lunch

    13:50 MAKING ENDS MEET

    Mark Williams

    Mark Williams, Director, Deloitte

  • Recap on accounting
  • IFRIC consultation and guidance
  • IRFIC scope and Financial asset/intangible asset divide
  • Accounting for other infrastructure delivery models
  • Aligning public sector and private sector practices
  • 14:30 TAXATION ISSUES

    Zoe Kay

    Zoe Kay, Director, Deloitte

  • Update on tax in PFI
  • Tax considerations in IFRS
  • Secondary market tax issues
  • UK REITS & PFI Companies
  • 15:10 Afternoon Tea

    15:40 THE ARGYLL AND BUTE NPDO MODEL

    Chris Delgarno-Platt

    Chris Delgarno-Platt, Finance Manager, Special Projects, Argyll and Bute Council

  • Overview: Non Profit Distribution Organisation
  • Audit of procurement process
  • Project update
  • 16:20 THE ARGYLL AND BUTE NPDO MODEL

    Michael Pryor

    Michael Pryor, Assistant Director, Ernst & Young

  • The NPDO model
  • Differences to traditional PFI
  • Accounting treatment of the NDPO model
  • Demonstrating value for money
  • 17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    James Robertson

    James Robertson, Director PFI, National Audit Office

    9:10 FOCUSING ON VFM DURING PPP PROCUREMENT

    Mike Allen

    Mike Allen, Senior Technical Manager, Audit Commission

  • Scoping the project
  • Financial impact of limited funds
  • Maintaining competition
  • Contract award
  • When to pull the plug
  • 9:50 OPERATIONAL AUDITING

    James Robertson

    James Robertson, Director PFI, National Audit Office

  • The new NAO framework for evaluating the implementation of PFI Projects
  • How the framework applies in evaluating the operational phase
  • Practical issues in achieving value for money
  • 10:30 Morning Coffee

    11:00 REFINANCING

    Edward Yescombe

    Edward Yescombe, Director, Yescombe Consulting Ltd

  • What is refinancing?
  • How do investors benefit?
  • How should an authority share this benefit?
  • What are the VFM issues?
  • 11:40 THE MODEL AUDIT

    Jerome Brice

    Jerome Brice, Head of Financial Modelling, PFI/PPP, RSM Robson Rhodes LLP

  • The competing requirements of senior funder, equity provider and public sector procurer
  • Ensuring models are correct at bid stage and throughout the project life
  • Identifying model 'best practice'
  • New approaches to spreadsheet correctness
  • Tips for model users
  • 12:20 Networking Lunch

    13:50 ACCOUNTING PRACTICE FOR PFI PROJECTS WITH CONSTRUCTION CONTRACT MANAGEMENT

    Klaus Boede

    Klaus Boede, Head of PPP Solutions, Hochtief UK

  • Structure of the project
  • Bid Cost
  • SPV accounting treatment
  • Risk Structure
  • Funding arrangements
  • Payment mechanisms
  • POC methods and construction controlling
  • Caps, integration of SPV and cash flows
  • Reporting
  • Lessons Learned
  • 14:30 AUDITING RISK MANAGEMENT

    Derek Salkeld

    Derek Salkeld, Chairman, D S & A Ltd Risk Analysis

  • Good and bad risk management
  • What to look for in the process and in the records
  • What to look for in the models and the results
  • What to look for in the practitioners
  • 15:40 ACCOUNTING & AUDITING IN LIFT

    Jon Cooke

    Jon Cooke, Assistant Director of Finance, West Hull P C T

  • Case Study: Eastern Hull PCT
  • Project Brief
  • Accounting issues in LIFT
  • Auditing for results
  • 16:00 Chairman’s Closing Remarks and Close of Day Two

    +

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.