Provision 29 of the Corporate Governance Code requires Boards to review the effectiveness of all material controls, publish an attestation in the annual report and declare any material controls that have not been effective. This webinar will consider the implications for banks and insurance companies implementing this.
Provision 29 comes into effect for accounting periods beginning 1/1/2026.
The webinar will cover the following:
- What is a material control
- How Boards will satisfy themselves that controls have operated effectively and what banks and insurers can do to inform their Boards
- Whether assurance is required – and how this interacts with the financial audit
- Nature of the attestation
- What banks and insurers need to disclose – and whether confidential information should be released.
The webinar will be followed by an informative Q&A.