Modern slavery is a significant issue worldwide and is pervasive in supply chains. In a time of pressure resulting from rising inflation, supply chain issues, and other spiraling costs, businesses are struggling to keep costs low and find the workers they need. In some cases, this means greater bargaining power for workers; in others, it means greater numbers of people being coerced, heightening the risk of modern slavery. Chartered Accountants need to be aware of this risk and know what to look out for. They also need guidance on how to act.
This talk will address the role of Chartered Accountants in combatting this global problem. It will delve into how accounting, auditing and accountability can help business break this cycle. It will describe how gathering data and building internal awareness about the problem of modern slavery in supply chains allows financial professionals to reassess operational risk and invest in modern slavery reduction. It will also touch on stakeholder demand for action and transparency, and the opportunities for businesses to further align their business with the UN Sustainable Development Goals. Finally, it will discuss how Chartered Accountants and their clients or businesses can get ahead of compliance requirements and/or avoid fines, reputational damage and other consequences.
Showcasing the experience of large companies with complex supply chains which have implemented processes to address the problem, this talk will feature Adam Schafer, Director of Supply Chain Sustainability at Intel. It was also feature Caroline Haughey OBE QC, barrister, Furnival Chambers, who prosecuted the very first case brought under the Modern Slavery Act in the UK, and Professor Jan Bebbington, who holds the Rubin Chair in Sustainability in Business and is Director of the Pentland Centre for Sustainability in Business.
SUBJECT MATTER:
Purpose is to inform Finance professionals about ‘modern slavery’ that is pervasive in supply chains globally. What to consider and how to help address.
LEARNING OBJECTIVES:
Finance leaders need to be aware of the existence of ‘modern slavery’ in global supply chains and what to consider when working with businesses that source goods and services globally. Today’s presenters will collectively share a cross section of insights.
By the end of today’s session, attendees will be able to answer the following questions:
- How pervasive is ‘modern slavery’ in global supply chains
- How Chartered Accountants can help combat this global problem
- How stakeholders are demanding greater transparency and accountability
- How to address compliance requirements
Note: In order to be awarded the full credit hours, you must attend / participate in the full session.
Participants will earn 1 CPE credits (for the first 50 minutes of the program 1 CPE credit is awarded but only if the program is 50 minutes. For each additional complete 25 minutes of program time an additional 0.5 CPE credits can be awarded.) We can agree the exact credit for the program once we know the exact start /end times.
FIELD OF STUDY: Behavioral Ethics – Non-technical
PREREQUISITES: No prerequisite provided attendees are qualified CAs and/or CPAs.
WHO SHOULD ATTEND: Open to members and associates of CAW Network USA and their guests.
ADVANCE PREPARATION: Not required
PROGRAM LEVEL: Basic
DELIVERY METHOD: Group Internet
REFUND / CANCELLATION POLICY: No fee for members or guests, $20 for non-members requesting a CPE certificate. Will refund if cancellation occurs prior to the event commencing.
COMPLAINT RESOLUTION POLICY: For more information regarding refund, complaint and/or program cancellation policies (as relevant), please refer to https://cawnetworkusa.com or contact [email protected]
