PwC Executive Academy Fy14

Monthly workshops have been planned as follows:

September: Tax morality - Paying a "fair" amount of tax

Companies have historically been able to arrange their affairs to minimise their tax liability so long as their actions are within the law. Fundamental changes in attitudes in civil society have resulted in recent outcry over the tax practices of many companies. The issue is one of morality in taxation and revolves around the principle that companies should pay their fair share of tax or, even further, pay more tax than the legal minimum by not entering into tax planning schemes.

This workshop aims to provide you with an insight into the latest trends in tax regulations, tax avoidance and evasion principles, leading court decisions as well as analyse the contribution of companies on national economies.

October: What next for the real estate sector?

There are signs of over-heating in the local real estate industry in recent times and the bubble may have burst in some sectors of the industry. The consequences of failed real estate projects are starting to be felt, and, the resultant abandoned building sites scaring our landscape is preoccupying. With further contraction in the construction industry looming, what is next for the real estate industry in Mauritius?

This workshop will review the most affected sectors, common causes of failed projects and analyse some of the consequences for building contractors, subcontractors, reservation holders, banks and the general public. Are there any possible remedies? How can we bridge the gap between current demand and the overpriced supply?

November: Understanding contract risk management

Getting value for money from contracts and spend with third parties is an ongoing challenge for most businesses. This is especially true when services/products and contractual charging regimes are complex, difficult to understand and lack transparency. Organisations use third parties to carry out a whole host of activities, some of which are of such a nature that poor performance could have catastrophic consequences. These include loss of life or serious personal injury, severe impact on the environment, major financial and reputational losses and perhaps even the ability of the organisation to remain viable.

This workshop will focus on identifying key fundamentals affecting contract risk management and will highlight how relationships, control activities and mitigation of risks can be instrumental in keeping your strategic supplier’s performance up to scratch.

January: Raising the bar for Cyber Security

Cyber Security is more than IT challenge - it’s a business imperative. Today, cyber threats are a clear danger to the global business ecosystem. Yet many enterprises place the responsibility for managing cyber threats solely in the hands of their technology teams. It is time for businesses to see cyber threats for what they are and how they could severely impact business objectives.

This workshop will outline the Cyber Security landscape, challenges and how organisations should make this a board agenda imperative, and nurture a culture of awareness to enhance its competitive edge. In this workshop, we will share and discuss some real case scenarios and how to build an organisation resilience in handling cyber threats that safeguard the interests of key stakeholders, and protect the reputation of the organisation in today’s interconnected world.

February: Transforming your business

With so many unforeseen risks impacting on an organisation, challenges are not only local but global in spread. Staying relevant is not only a means to success but is critical to navigate an organisation’s course during uncertain times. Your board is asking all the right questions encompassing: cash spending priority; IT investment; talent recruitment and safeguard; and transforming your business. But have you considered a business review as a medium to challenge the board and also assist you making the right decisions?

An opportunity to explore and discuss.

February: Financial statements made easy

Financial Statements are increasingly being used by professionals and executives with different backgrounds, from financial to non-financial. Finance is at the heart of any organisation: its health and profitability are reflected in its financial statements. A good understanding of financial statements helps operational executives or managers to understand how their day-to-day actions and decisions impact on the financial results and position of their organisation.

This workshop is designed to help executives with little financial background to read a set of financial statements, understand the terminologies and how their business decisions affect the finance of the organisation. This session will be delivered in a simple and easy to understand way and give you an opportunity to practice your understanding of the concepts.

March: How integrated is your reporting?

Historically, it was enough for companies to point to continued growth in financial numbers as a justification that their strategy was working. Now a broader information set is vital; but then, how much do you need to say, how, and how often? To us, an integrated report provides a strategic picture of a business that explains how a business creates and sustains value now and in the future.

This workshop will focus on how an Integrated Reporting approach can help an organisation communicate on its strategy, governance, performance and prospects, remuneration and risk, in the context of the external environment. We will also look at those companies who are innovating to help shine light onto what’s important.

April: Maximising value on exit

Businesses have a life cycle. They are formed; they grow; and they mature. Various exit structures exist to help companies achieve their objectives as they enter a transitional phase. Depending on the exit structure and approach taken, the regulatory and reporting requirements of each alternatives can significantly vary and have different timelines for completion. Challenges will always exist with corporate exit strategies and choosing the best one means knowing the array of available options and evaluating them against business priorities.

This workshop will help you to better understand how to assess exit strategies in today’s market, plan strategically, and manage priorities in order to achieve a best-fit solution for the shareholders and maximise deal value

May: Making the most of your internal audit function

Nearly 10 years since the Code of Corporate Governance incited companies to establish an effective internal audit function, what is the state of the internal audit profession in Mauritius? Are Audit Committees and management requiring enough of internal audit or has the service become a commodity?

This workshop will explore the emerging areas where companies can derive greater value from internal audit, such as performance assurance, data credibility assurance, business process controls, IT governance and strategy, treasury, risk management and corporate governance.

MQA Approved – 3 CPD hours