Alun Bowen, Severstal - Audit and Assurance Policy

In this episode, KPMG host Michelle Hinchliffe is joined by Alun Bowen, Chair of the Audit Committee Chair at Severstal, Russia’s largest fully integrated steel company, to discuss the Audit and Assurance Policy which was initially recommended by Sir Donald Brydon and also features in the BEIS consultation on Restoring trust in audit and corporate governance. Alun shares the process that he took Severstal through to become a leader in this area and as far as we are aware, is one of the first companies to have published an Audit and Assurance Policy. You can read the policy they published in October 2020 here . He discusses the value of the policy both for the company and for shareholders. Listen to the episode today to find about his views of the benefits and challenges of developing an Audit and Assurance Policy and how it can enhance engagement with shareholders.