Ken Spencer Memorial Lecture for 2010
The 2010 Ken Spencer Memorial Lecture in honour of Mr Ken Spencer, a former Chairman of the Australian Accounting Standards Board, member of the Financial Reporting Council (FRC) and Trustee of the International Accounting Standards Committee Foundation, will be held on 2 March 2010 at the KPMG Lecture Theatre, 147 Collins Street, Melbourne, commencing at 6:00 p.m.
The lecture is being sponsored by the FRC in conjunction with CPA Australia, The Institute of Chartered Accountants in Australia and the National Institute of Accountants and hosted by KPMG in recognition of Mr Spencer’s extensive contribution to the development of international accounting standards.
This year Mr Tim Flynn, Chairman of KPMG International will present the lecture. The topic will be "The lessons of the Global Financial Crisis for policy makers, companies and their auditors".
Synopsis of Tim Flynn Remarks: Restoring Trust and Building Confidence
We are seeing the early stages of a fragile recovery from an unprecedented global economic crisis. The challenge now is moving beyond the financial crisis and getting on the path toward sustainable, long term global growth. The issues are complex – from fundamental shifts in the global economy to the intense and necessary debate on regulatory reform. For business, the financial markets and governments it's a time for rethinking traditional models and also identifying new opportunities. At the heart of the challenge is rebuilding trust and confidence in the system. This means looking beyond the short term and focusing on long-term stakeholder value, it means addressing systemic risk so that we have a stable financial system, and most importantly it means as institutions and individually we promote an ethical business culture that promotes sound values and principles.
If you would like to attend the memorial lecture, please contact Ms Darinka Zubovic (darinka.zubovic@treasury.gov.au or telephone 02 6263 3915). Attendance at the Lecture is free. However, a response by Friday 12 February 2010 is required as numbers are limited.