Shows
ICAEW Student Insights podcastNext Generation ACA: transitional arrangements explainedIn this episode of the ICAEW Student Insights podcast, host Jag Dhaliwal discovers what current ACA students need to know as the Next Generation ACA arrives in July 2025.This episode covers:The new components of the Next Generation ACA.Dual running and transitioning to Next Generation ACA exams.Mapping of existing ACA exams and Next Generation ACA exams.Transitional arrangements for the Ethics Learning Programme.The resources and support available for all students.Jag is joined in the studio by ICAEW’s Shaun Robertson and Hazel Powling.LinksICAEW: Imagine mo...2025-06-0216 min
Accountancy InsightsAccountancy Insights: Collecting unpaid taxes and revisions to the Code of EthicsIn this episode, we discuss the government’s new measures to collect billions of pounds in unpaid taxes, as well as covering the key changes to ICAEW’s Code of Ethics, which come into effect on 1 July 2025. Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax; and Laura Hough, Director of Trust and Ethics. This episode refers to penalty rates based on the Bank of England base rate, correct as of 1 May 2025. Make sure you check the current rates. Time codes00:28 Collecting unpaid taxes2025-05-1212 min
ICAEW Student Insights podcastGetting into good habitsIn this episode of the ICAEW Student Insights podcast, guest host Orkhan Freeman discusses how ACA students can set themselves up for success.This episode covers:Making best use of ICAEW resourcesBalancing work and studying with your personal lifeKeeping on top of the online training fileMaking the most of your six-monthly reviewsOrkhan is joined in the studio by Jas Rayat, Student Council Chair for 2024-25, and ICAEW’s Pratik Kanani.LinksICAEW ACA students https://www.icaew.com/for-current-aca-studentsICAEW Student Insights https://www.icaew.com/insights/student-insights 2025-05-0723 min
Accountancy InsightsAccountancy Insights: Adapting post-tariffs, MTD at 10, UK GAAP changesIn this episode, we discuss how the Trump administration’s tariffs will hamper the government’s growth plans, the progress made towards Making Tax Digital on its tenth birthday, and how changes to FRS 102 and 105 will affect the nation’s small businesses. Philippa Lamb is joined in the studio by Iain Wright, Chief Policy and Communications Officer; Caroline Miskin, Senior Technical Manager, Digital Taxation; and Sally Baker, Head of Corporate Reporting Strategy. Time codes00:41 Trump administration tariffs14:07 Making Tax Digital at 1020:48 Changes to FRS 102 and 105 Links2025-04-0829 min
ICAEW Student Insights podcastTop tips for exam successIn this episode of the ICAEW Student Insights podcast, host Jag Dhaliwal learns how students can best prepare themselves for ACA and ICAEW CFAB exams.This episode covers:How to manage your stress levels and boost your confidenceThe importance of preparation and keeping to a routineWhen and how to adjust your approach to examsThe resources and support available from ICAEW and cabaJag is joined in the studio by ICAEW’s Shaun Robertson and Hazel Powling.LinksICAEW Student Insights https://www.icaew.com/insights/student-insights ICAEW: ACA exam resources htt...2025-03-1924 min
The Tax TrackWhy professional conduct mattersMaintaining high professional standards is essential, both for individual accountants and for the profession as a whole. This episode of The Tax Track looks at the importance of protecting your professional reputation and, importantly, what members can do to ensure they get things right in the first place.Tax is complicated – and constantly changing – so CPD is important, as well as being an integral part of your ICAEW membership. Meanwhile, Professional Conduct in Relation to Taxation (PCRT), prepared jointly by seven professional bodies and associations (including ICAEW) and endorsed by HMRC, sets out the fundamental principles and stan...2025-02-2519 min
Accountancy InsightsTrump tariffs update and HMRC service standardsIn this episode, we discuss the latest developments in President Trump’s tariffs rollout and how they may affect UK businesses. We also explore a new joint report by ICAEW and the Chartered Institute of Taxation into HMRC service standards, which includes research findings from 31 agent firms. Philippa Lamb is joined in the studio by ICAEW’s Iain Wright, Managing Director of Reputation and Influence, and Ed Saltmarsh, Technical Manager for VAT and Customs. Time codes00:52 Trump tariffs update15:17 HMRC service standards LinksICAEW...2025-02-1229 min
The Tax TrackR&D tax relief: where are we now?In recent years we’ve seen changes to the rules, to processes and to HMRC’s approach to policing claims for research and development (R&D) tax relief. In this episode we map out the current landscape to help you navigate your way through it.In an attempt to clamp down on fraud, more R&D claims are being checked, but is this deterring genuine claims? We also look at a new HMRC facility to disclose errors made in claims – who can disclose, how to disclose and the points to consider in determining whether or not a claim...2025-02-0525 min
The Tax TrackTime to prepare for MTD and BIKTwo significant changes will take place from April 2026: Making Tax Digital for Income Tax (MTD IT) and mandatory payrolling of benefits in kind. While April 2026 is over a year away, these changes will require a lot of planning including how workflows and information flows will need to change. MTD IT will require many individuals to keep digital records and send quarterly updates to HMRC, while mandatory payrolling of benefits in kind will see the end of the form P11D process for many employers. In this episode we look at what taxpayers and their agents can do i...2025-01-0725 min
Accountancy InsightsBehind the Numbers: Can we unclog the local audit backlog?In this episode of Behind the Numbers, we discuss whether the filing of local authority audited accounts will ever get back on track. Just 1% of local bodies published audited accounts on time for the 2022/23 [LE1] financial year. Now, the government has introduced backstop dates in the hopes of resetting the system, with the first arriving on 13 December. But will they anything change? And how should local authorities be managing the external audit process to ensure timely filing? To answer those questions, host Philippa Lamb is joined by Alison Ring, ICAEW Director of...2024-11-2122 min
Accountancy InsightsAccountancy Insights: Taxing cryptoassets and reporting suspicions of fraudIn this episode, we discuss the available guidance on, and the application of general principles to, the taxation of cryptoassets; as well as how auditors should be acting on their obligation to report suspicions of fraud to the regulator. Philippa Lamb is joined by Richard Jones, Senior Technical Manager in Tax Policy at ICAEW; Dion Seymour, Crypto and Digital Assets Technical Director at Andersen; and Reuben Wales, Head of Financial Services at ICAEW. Time codes00:38 Taxing cryptoassets10:52 Reporting suspicions of fraud LinksICA...2024-09-0919 min
Accountancy InsightsAccountancy Insights: Business confidence, local authority finance, probate delays, and tax reformIn this bumper episode, we discuss the latest findings of ICAEW’s Business Confidence Monitor and why three-quarters of councils in England are at least a year behind in publishing audited accounts. Plus, we hear an update on the probate service and explore ICAEW’s recommendations for the new government’s business tax road map. Philippa Lamb is joined by Iain Wright, Managing Director of Reputation and Influence; Alison Ring, Director of Public Sector and Taxation; Sophie Wales, Director of Regulatory Policy; and Richard Jones, Senior Technical Manager in Tax Policy. Time c...2024-08-1240 min
The Tax TrackTime to act on basis period reformBasis period reform is an important issue at the moment, with 2023/24 a transitional year. We look at the impact of this for businesses filling in their tax returns.Where an individual’s accounting date deviates from the tax year, there are additional boxes to complete on the tax return for 2023/24, and quite likely additional tax to pay too.The team also gazes into the Tax Faculty crystal ball to predict what might be in the first Budget of the new Labour government, now scheduled to take place on 30 October.This month’s experts are...2024-07-3126 minThe Tax TrackHMRC on holdA damning report from the National Audit Office in May this year concluded what many have long suspected, that customer service from HMRC is falling ‘far below’ expected levels. In this episode of The Tax Track, we look at the problem, its impact and potential solutions.The figures are damning, with call waiting times soaring by over 350% over the past five years and just 67% of calls being answered. While HMRC is striving to resolve issues, circumstances beyond its control are holding back progress.Unpicking this thorny issue are Lindsey Wicks, Senior Technical Manager for Tax Poli...2024-07-0225 min
Accountancy InsightsICAEW Insights In Focus: AI in audit - the good, the bad and the uglyIn this ICAEW Insights In Focus episode, we discuss the use of artificial intelligence in audit. Depending on who you talk to, generative AI is either going to revolutionise the way auditors work or replace certain roles in the sector entirely. The truth probably lies somewhere in between. So, how are auditors beginning to use AI? And how can practices sift marketing fact from fiction and navigate the risks introduced by using AI tools? To answer those questions, Philippa Lamb is joined by Konrad Bukowski-Kruszyna, Audit Data Analytics Director at RSM UK...2024-05-2939 min
Accountancy InsightsICAEW Insights: Company size thresholds and CGT on residencesIn this episode of the ICAEW Insights podcast, we discuss upcoming changes to company size thresholds and what they mean for reporting requirements. Plus, with capital gains tax in the headlines, we explore the rules and restrictions when it comes to selling residential property. Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy, and Caroline Miskin, Senior Technical Manager in Digital Taxation. Links ICAEW: By All Accounts: https://www.icaew.com/technical/corporate-reporting/corporate-reporting-resources/by-all-accounts ICAEW: TAXline: https://www.icaew.com/technical/tax/tax-faculty/taxline ...2024-05-1019 min
Accountancy InsightsICAEW Insights In Focus: Lessons in leadership from ICAEW's CEOIn this special bonus episode of Insights In Focus, we meet new ICAEW CEO Alan Vallance to discuss the leadership lessons of his career. Alan is an ICAEW Chartered Accountant and joined the Institute as CEO in April 2024. His career has spanned various sectors and countries, as well as detailed experience in leading membership bodies RIBA and the Chartered Insurance Institute in recent years. In this conversation with Philippa Lamb, Vallance shares how his career journey has shaped his approach to leadership – from qualifying as an ACA at Ernst & Whinney (now EY) t...2024-05-0233 min
Accountancy InsightsICAEW Insights In Focus: So you want to be a leader?In this Insights In Focus episode, we discuss how accountants can build the skills needed to take on leadership and executive roles during their careers. In a recent report by the Financial Times, one anonymous headhunter was quoted as saying: “If America is run by lawyers, then the UK is run by accountants.” It’s backed up by the data, too: around one-third of today’s FTSE 100 CEOs have previously served as CFOs in their careers. But what makes finance professionals a good fit for the top spot? And what skills beyond financial prowess will help them...2024-04-1630 min
Accountancy InsightsICAEW Insights: A busy new tax year, plus progress on the Economic Crime ActIn this episode, we discuss why the arrival of the 2024/25 tax year is particularly busy for accountants, and the main changes to be aware of from 6 April. Plus, six months on from the passing of the Economic Crime and Corporate Transparency Act, we learn what progress has been made to enact its various provisions. To shed light on those two topics, Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax, and Sally Baker, Head of Corporate Reporting Strategy. LinksICAEW: The Tax Track podcast: https://www.icaew.co...2024-04-0417 minThe Tax TrackNew tax year, new developments in R&DThe Tax Track is the podcast series from ICAEW that explores the latest developments in the world of tax, and what they mean for members and tax professionals alike. In this episode, we look at the implications behind the new tax measures introduced in the Spring Budget and delve into the new research and development tax reliefs that are coming into effect this month.This month Lindsey Wicks, Senior Technical Manager for Tax Policy at ICAEW, is joined by colleagues Stephen Relf, Technical Manager, Tax, and Richard Jones, Senior Technical Manager, Tax Policy....2024-04-0327 min
Accountancy InsightsICAEW Insights In Focus: Does Britain have a farming problem?In this Insights In Focus episode, we discuss how changes to the funding of British farms could affect the UK’s broader economic resilience. As a result of Brexit, British farms will stop benefiting from the EU Common Agricultural Policy by the end of 2027. The policy paid subsidies largely regardless of land use. Now, farmers need to transition to new schemes established by the UK’s devolved administrations. These require farms to meet environmental requirements such as hedge management, rewilding and tree-planting, which critics say will have a negative impact on food production and reduce the U...2024-03-2224 min
Accountancy InsightsICAEW Insights In Focus: Budget 2024 – does it change anything?In this Insights In Focus episode, we discuss the contents of the 2024 Spring Budget and their likely impacts on the UK economy.The Spring Budget was delivered against the backdrop of recession and persistent inflation. While the Chancellor had better-than-expected headroom for delivering tax cuts, the UK economy and its public finances are still navigating a difficult road to recovery. And, with a general election taking place within the year, will anything announced on 6 March have an impact on public sentiment?Host Philippa Lamb breaks down the Spring Budget with...2024-03-0826 min
Accountancy InsightsICAEW Insights In Focus: Will accountants save the world? With ICAEW CEO Michael IzzaIn this Insights In Focus episode, we catch up with ICAEW Chief Executive Michael Izza ahead of his stepping down from his role later this month. Izza has been with ICAEW since 2002 and Chief Executive since 2006. In that time, he’s steered the Institute through the global financial crisis, the pandemic and the early stages of a global technological revolution. Host Philippa Lamb discusses with Izza the fresh challenges and opportunities facing the profession, as well as what he will be taking away from his time at ICAEW. ...2024-02-2928 minThe Tax TrackCrunch time: VAT (or not) on poppadomsWhy would a food producer argue that its product is not ready for human consumption? And why does the tax year start on 6 April? Find out the answers in the latest episode of The Tax Track podcast from ICAEW. As the start of the new tax year approaches, we look at what’s changing – and what’s not – in personal and business taxation in the coming year. We also journey back in time to find out why the tax year starts when it does. When it comes to VAT rates, it seems some...2024-02-2929 min
Accountancy InsightsICAEW Insights: ISQM, preparing and filing accounts, and public practiceIn this episode, we discuss how firms can maintain momentum on the International Standard of Quality Management, as well as changes in preparation and filing as a result of the Economic Crime and Corporate Transparency Act. We also hear about ICAEW’s new podcast, The Tax Track, and changes to the Engaging in Public Practice certificate. Philippa Lamb is joined by Alex Russell, Head of Audit and Assurance Strategy; Sally Baker, Head of Corporate Reporting Strategy; Lindsey Wicks, Senior Technical Manager for Tax Policy; and Chris Greenhalgh, Manager in Professional Standards. Li...2024-02-0823 min
Accountancy InsightsICAEW Insights In Focus: Where next for audit and governance reform?In this Insights In Focus episode, we discuss the future of audit and corporate governance reform. Back in May 2022, after years of reviews and consultations, the government announced its plans for reform. The key proposals included the area of a new audit regulator, a wider definition of public interest entities, and ensuring that FTSE 350 firms would not be wholly reliant on the largest audit firms. However, nearly two years on, very little has changed. Corporate governance reform was quietly dropped by the government in October 2023, and audit reform was notably absent fr...2024-02-0134 minThe Tax TrackCapital allowances: the curious case of camping podsThe Tax Track is the new podcast series from ICAEW where we explore the latest from the tax world, and what it means for tax professionals, accountants, taxpayers and businesses. In this episode, we take a look at the wider implications of an unusual capital allowance case regarding camping pods that went to tribunal. You often hear the phrase, “it’s what’s on the inside that counts”. That certainly proved to be true in this case. We also discuss the changes that are being introduced to the cash basis this April and the potential implicatio...2024-02-0126 minThe Tax TrackA taxing year ahead?The Tax Track is the new podcast series from ICAEW where we explore the latest from the tax world and what it means for tax professionals, accountants, taxpayers and businesses. In this first episode, we look ahead to what’s coming down the line in 2024. Lindsey Wicks, ICAEW’s Senior Technical Manager for Tax Policy, talks about the forthcoming UK general election – a case of when, not if – and its potential impacts in terms of policies, timings, and the number of fiscal events throughout the year. Caroline Miskin, Senior Technical Manager for Digita...2024-01-1027 min
Accountancy InsightsICAEW Insights In Focus: What can we expect from 2024?In this Insights In Focus episode, we discuss what 2024 is likely to bring for businesses and their accountants. Beyond a Spring Budget and elections on both sides of the Atlantic, there are few certainties for the coming 12 months. Looking at ICAEW’s Business Confidence Monitor and forecasts from the Office for Budget Responsibility and the Bank of England, 2024 is likely to be another challenging year of low growth and weak business and consumer sentiment. As with recent years, uncertainty is set to be the only constant. A year on from making their...2023-12-1434 min
Accountancy InsightsICAEW Insights In Focus: COP28 - making the business case for natureIn the second of two special Insights In Focus episodes, guest host Mark Rowland shares news and views from COP28 in Dubai. This episode focuses on capacity building within the finance profession and making the business case for a nature-positive transition. Mark is joined in the studio by Sarah Reay, Climate Change Manager, ICAEW; Jessica Fries, Executive Chair, A4S; and Mardi McBrien, Chief of Strategic Affairs and Capacity Building, IFRS Foundation. Reay and Fries discuss why it is essential that the transition to a sustainable global economy places nature and biodiversity at its heart. A...2023-12-1123 min
Accountancy InsightsICAEW Insights In Focus: COP28 - what does transition planning mean for accountants?In the first of two special Insights In Focus episodes, guest host Mark Rowland shares news and views from COP28 in Dubai. This episode focuses on the importance of transition plans in achieving net zero. In the studio, ICAEW Climate Change Manager Sarah Reay and Resilience First’s Shazre Quamber-Hill explain why transition planning is a vital part of the COP28 agenda. And on the conference floor, LSE Professor Nick Robins and the Transition Plan Taskforce’s Nina Pimblett discuss the role that accountants and business will play in putting plans into action. A...2023-12-0620 min
Accountancy InsightsICAEW Insights In Focus: What’s in the Economic Crime Act 2023?In this Insights In Focus episode, we explore the contents and implications of the Economic Crime and Corporate Transparency Act 2023.After a challenging route through Parliament, the Act finally received Royal Assent in late October. It promises sweeping changes to Companies House and reporting requirements for SMEs. Crucially, it also covers where accountability will lie for economic crime. Many of the details are yet to be ironed out, but it’s clear that accountants will take on much of the responsibility for delivering these changes. Host Philippa Lamb discusses what accountants nee...2023-12-0431 min
Accountancy InsightsICAEW Insights: ICAEW/CIPFA dual membership, cyber security trends, and economic renewalThe ICAEW Insights podcast explores the month’s top stories in accountancy. In this episode, we explain how ICAEW members can apply for dual membership with the Chartered Institute of Public Finance and Accountancy (CIPFA). We also discuss the key points and learnings from this year’s Cyber Security Awareness Month and hear how ICAEW’s Resilience and Renewal campaign is progressing. Philippa Lamb is joined by Will Holt, Managing Director of Education and Training; Bani Lamba, Data Analytics and Tech Manager; and Suren Thiru, Economies Director. Links2023-11-0617 min
Accountancy InsightsICAEW Insights In Focus: How to build a workforce of the futureIn this Insights In Focus episode, we explore strategies to expand and upskill Britain’s workforce. Low unemployment is currently twinned with high vacancies, leading to a tight labour market. One cause is an increase in the number of economically inactive. And ICAEW’s Business Confidence Monitor has flagged a lack of non-management skills as an escalating challenge for the nation’s employers. So, how can we tackle these big, structural problems in the economy? Host Philippa Lamb discusses possible solutions with Suren Thiru, ICAEW Economies Director; Dan Lucy, HR Research and Consulting Director at the Insti...2023-10-2733 min
Accountancy InsightsICAEW Insights: Building a resilient economy, plus self assessment deadlinesIn this episode, we discuss a new content series recently launched by ICAEW: ‘Resilience and renewal: building an economy fit for the future’. The campaign explores the main challenges facing the UK economy and how chartered accountants are integral in addressing them. Plus, we share key deadlines for those filing self assessment returns and the penalties that may be handed down should they be missed. Philippa Lamb is joined by ICAEW’s Suren Thiru, Economies Director, and Mei Lim Cooper, Technical Manager, Personal Tax. LinksResilien...2023-10-0511 min
Accountancy InsightsICAEW Insights In Focus: Why do good people do bad things?In this Insights In Focus episode, we discuss professional ethics and seek to answer the age-old question: why do good people do bad things? Accountants are increasingly acting as an ethical compass for their employers and clients. It’s a natural fit for a profession that has a deep understanding of business and a professional duty to act in the public interest, but it’s also a weighty responsibility where situations aren’t always black-and-white. To discuss how accountants can best inhabit this role, as well as ensuring they are acting ethicall...2023-09-2941 min
Accountancy InsightsICAEW Insights: VAT exemptions for private schools and final CPD updateThe ICAEW Insights podcast explores the month’s top stories in accountancy. In this episode, we discuss Labour’s proposals for removing VAT exemptions from private schools and the disagreement over just how much money it would raise for the public purse. Plus, in our final CPD update before the new regulations come into force on 1 November, we answer ICAEW members’ most frequently asked questions. Philippa Lamb is joined by ICAEW’s Ed Saltmarsh, Technical Manager, and Liz Shaw, Senior Manager, Professional Standards. Links ICAEW TAXline...2023-09-0816 min
Accountancy InsightsICAEW Insights In Focus: The PM’s pledges: where are we now?In this Insights In Focus episode, we analyse the health of the UK economy through the lens of the Prime Minister’s pledges for 2023. Back in January, Prime Minister Rishi Sunak made five pledges for the year ahead. Three of those related to indicators of economic and fiscal health: halving inflation, stimulating growth, and reducing the national debt. With 2024 rapidly approaching, how is the Prime Minister faring in meeting his goals? Host Philippa Lamb is again joined by Iain Wright, Managing Director, Reputation and Influence, at ICAEW, and Frances Haque, Chief Econ...2023-09-0136 min
Accountancy InsightsICAEW Insights: ISSB standards, E-Commerce Trade Commission, and CPD updateThe ICAEW Insights podcast explores the month’s top stories in accountancy. In this episode, we discuss the contents of the International Sustainability Standards Board’s first two published standards; ICAEW’s role in the newly launched E-Commerce Trade Commission; and firms’ responsibilities under new CPD regulations launching 1 November 2023. Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy; Ed Saltmarsh, Technical Manager; and Sophie Wales; Head of Regulatory Affairs. LinksICAEW non-financial reporting hub: www.icaew.com/nfrICAEW: By All Accounts: www.icaew.c...2023-08-1118 min
Accountancy InsightsICAEW Insights In Focus: Commercial property - economic bellwether or laggard?In this Insights In Focus episode, we analyse the UK’s current economic turbulence through the lens of the commercial property sector. With capital values down 15% in the last year, has bricks and mortar lost its attractiveness to investors? And, with inflation remaining stubbornly persistent, what do trendlines in the sector tell us about the UK economy as a whole? Host Philippa Lamb is joined by Suren Thiru, Director of Economies at ICAEW, and Mat Oakley, Head of European commercial research at Savills, to discuss the key issues. ...2023-07-2828 min
Accountancy InsightsICAEW Insights: Digitalisation and gender bias in tax, plus CPD updateThe latest ICAEW Insights podcast shares the month’s top stories in accountancy. This episode analyses the tax system from two different angles: progress made in digitalisation and towards gender equality. Plus, details of changes to ICAEW member CPD are explored ahead of their November live date. Philippa Lamb learns more from ICAEW experts Caroline Miskin, Senior Technical Manager, Digital Taxation; Anita Monteith, former Head of Tax Policy; and Debbi Francis, Head of Member Service Centre. Links ICAEW TAXline: https://www.icaew.com/te...2023-07-0725 min
Accountancy InsightsICAEW Insights In Focus: can SMEs keep up with ESG?In this Insights In Focus episode, we explore how the introduction of sustainability assurance, both voluntary and mandatory, is affecting firms of all sizes. Back in April 2022, the UK became the first G20 nation to bring recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) into law. TCFD requirements only apply to the UK’s largest organisations, but many SMEs are facing pressure from stakeholders to follow suit. And as the sustainability of entire supply chains comes under greater scrutiny, that pressure is only set to intensify. So, how are firm...2023-06-2926 min
Accountancy InsightsICAEW Insights In Focus: How can tax design better deliver tax policy?In this special Insights In Focus episode, we discuss the changes to tax architecture and design that may strengthen the UK’s national bargain as economic turbulence continues. The national bargain – the broad agreement that taxation is a fair exchange for the provision of public services – has fluctuated over time. Most recently, polling by YouGov found the prevailing attitude among the British public is one of fiscal tightening. However, following unprecedented financial support during the pandemic and cost-of-living crisis, the tax burden is set to continue rising until 2027/28. That leaves the governme...2023-06-1636 min
Accountancy InsightsICAEW Insights: Cyber security, taxing green travel and public financesOn the latest ICAEW Insights podcast, we explore the month’s key developments in accountancy.This episode discusses the findings of the government’s Cyber Security Breaches Survey, how hybrid working is affecting the taxation of greener forms of transport, and the release of public finance figures for April 2023.Philippa Lamb goes beyond the headlines with Ian Pay, Head of Data Analytics and Tech, ICAEW; Steve Wade, Partner in People Advisory Services, EY; and Martin Wheatcroft, ICAEW adviser and Fellow.LinksICAEW: Cyber security: How to keep your organisation safe and...2023-06-0822 min
Accountancy InsightsICAEW Insights In Focus: Managing talent in a hybrid worldIn this Insights In Focus episode, we discuss best practice in hiring, training and safeguarding talent under hybrid working. It has been more than three years since the pandemic saw office workers decamp to living rooms, kitchens and bedrooms, upending decades of established working practices. Now, hybrid working is the norm and considered essential in recruiting and retaining staff.While the rapid pace of change may have slowed, organisations are still grappling with how talent and people management practices must evolve to accommodate the new normal. How can staff be inducted, upskilled and safeguarded when p...2023-05-2534 min
Accountancy InsightsICAEW Insights: VAT at 50, TAM Day and engaging in public practiceOn the latest ICAEW Insights podcast, we discuss the month’s key developments in accountancy.This episode examines VAT as the tax reaches its 50th birthday, announcements made by the government at Tax Administration and Maintenance Day on 27 April, and upcoming changes to ICAEW’s statement on engaging in public practice.Philippa Lamb is joined by the experts at ICAEW to learn more: Ed Saltmarsh, Technical Manager; Anita Monteith, Head of Tax Policy; and Christopher Greenhalgh, Manager, Quality Assurance Department. LinksICAEW event: VAT at 50 – where next?: https://events.icaew.com/pd...2023-05-0520 min
Accountancy InsightsICAEW Insights In Focus: Getting SME investment back on trackIn this Insights In Focus episode, we discuss the obstacles and incentives to SME investment. In recent years, a string of crises and ongoing economic uncertainty has dampened investment across the board. Office for National Statistics figures show that business investment remains lower than pre-pandemic levels and fell 0.2% in Q4 2022.The March Budget attempted a shot in the arm by announcing three years’ capital expensing, but questions remain over whether SMEs can access the finance they need to make their investment plans a reality.Host Philippa Lamb is joined by Simon Gray, ICAEW He...2023-04-2828 min
Accountancy InsightsICAEW Insights In Focus: Ageing population – a public finance timebomb?In this special Insights In Focus episode, we discuss how the UK’s changing demographics are having an impact on public finances and policymaking.The latest census revealed that almost a quarter of the UK’s population is now aged 60 or over. Meanwhile, recent research claims NHS spending will have to increase yearly by 3% to meet demand. There’s also a growing need to lay out plans for funding effective adult social care.Finding politically sensitive and financially viable solutions is made all the more challenging by the impact of successive crises on public finances and th...2023-04-2126 min
Accountancy InsightsICAEW Insights: ChatGPT, corporation tax and FRED 82On the latest ICAEW Insights podcast, we examine how recent developments are affecting the accountancy profession. This month, we discuss the responsible use of generative artificial intelligence tools such as ChatGPT; the impact of rising corporation tax and changing R&D credits; and how to get involved in the FRED 82 consultation on UK GAAP.Philippa Lamb is joined by the experts at ICAEW to learn more: Sally Baker, Head of Corporate Reporting Policy; Lindsey Wicks, Technical Editor; and John Pearce, Director of Digital and Publishing. Links· ChatGPT and accountancy: know i...2023-04-0524 min
Accountancy InsightsICAEW In Focus: What's the problem with local audit?In this Insights In Focus episode, we discuss the effectiveness of local authority audit and assurance.Many local authorities are facing a difficult financial situation, with pressure to deliver services at a time of stretched resources. There are also questions regarding the timely delivery and usefulness of their audited accounts – and whether councillors require financial training to support decision making.Host Philippa Lamb discusses the issues with Meg Hillier MP, Chair of the Public Accounts Committee; James Jamieson, Chair of the Local Government Association; and Alison Ring, Director of Public Sector and Taxation at ICAEW....2023-03-3126 min
Accountancy InsightsICAEW Insights: Budget 2023 - a hope or hindrance for business?On the latest ICAEW Insights podcast, we explore the contents of the 2023 Spring Budget and the likely impacts on UK businesses and the work of finance professionals alike. Coming only five months after Chancellor Jeremy Hunt’s Autumn Statement, which hastily course-corrected from September 2022’s ‘fiscal event’, the Spring Budget was expected to be a quieter affair.Going beyond the headlines, host Iain Wright is joined again by Frances Haque, Chief Economist at Santander UK, and David Williamson, Political Editor at the Sunday Express, to discuss Wednesday’s announcements.LinksICAEW Sprin...2023-03-1634 min
Accountancy InsightsICAEW Insights In Focus: How accountancy can win the talent warIn this ‘Insights In Focus’ episode, we discuss ways to attract and retain talent in the accounting profession.Last year saw the UK accountancy sector’s graduate intake fall for the first time since 2008. Meanwhile, job applications across the sector fell by more than a third, compared with 2021.While the numbers have coincided with significant economic challenges, questions remain about how accountancy is perceived as a profession – and, in particular, whether it is seen to offer a rewarding career over the long term.Host Philippa Lamb discusses the issues with Gillian Woolman, Audit Director...2023-03-0236 min
Accountancy InsightsICAEW Insights In Focus: How is HMRC digitalising taxation?In this special ‘Insights In Focus’ episode, we discuss the ways in which HMRC is using digital technology to influence tax calculation and collection.The UK’s first electronic tax return was filed in 1997. Since then, technology has dramatically transformed the calculation of tax, the filing of forms and the way that HMRC and tax authorities abroad receive and use data.The pace and scale of change is only set to accelerate in the years ahead. So how does HMRC anticipate harnessing digital technology beyond the ongoing rollout of Making Tax Digital?To find o...2023-03-0229 min
Accountancy InsightsICAEW Insights: Carillion five years on – can we regulate ‘good’ judgement?On the latest ICAEW Insights podcast, we consider the future of audit – and the impact of the government’s proposed reforms on professionals in the sector.It has now been five years since Carillion was liquidated, leaving behind debts of £7bn and the taxpayer a bill for £150m. The collapse of the construction services giant increased scrutiny on audit and corporate reporting, raising questions over whether present frameworks are fit for purpose.After commissioning several reviews, the government finally announced its plan for the sector in 2022, seeking to curb the market dominance of the Big Four a...2023-02-1531 min
Accountancy InsightsICAEW Insights In Focus: How should a board approach exec pay and what are the risks of getting it wrong?In this special Insights In Focus episode, we discuss the thorny and often contentious topic of executive pay. The highly experienced panel doesn’t ignore the most common exec pay conversation – the eye-watering amounts sometimes paid to senior managers – but the discussion doesn’t stop there either. We hear first about the growing use of ESG metrics in assessing executives’ performance and rewarding them accordingly, and whether this is a good idea.The panel then moves on to discuss the pressures on businesses to strike the right approach to exec pay, including from the chair of the remu...2023-02-1431 min
Accountancy InsightsICAEW Insights: How can accountants make sense of crypto?In this Insights In Focus episode, we discuss the pros and cons of crypto and its impact on the work of finance professionals.The collapse of crypto exchange and hedge fund FTX in December took $8bn of its customers’ money with it and raised fresh questions about the sector. Fans claim crypto will revolutionise how businesses and customers interact and, potentially, democratise the global flow of money. For detractors, the sector is little more than an unregulated casino, rife with opportunities for investors to lose their money. Finance professionals are caught in the middle. So, whe...2023-01-2523 min
Accountancy InsightsICAEW Insights: What can we expect from 2023?On the latest ICAEW Insights podcast, we look ahead to what 2023 might hold for the UK economy and the work of finance professionals.While 2020 and 2021 were dominated by the need to mitigate the effects of the pandemic, 2022 posed new challenges. Economic and political pressures collided at home and abroad, resulting in significant uncertainty that is set to also define the year ahead. Many of the economic trends that dominated 2022 – rising inflation, rising interest rates and stalling growth – are expected to continue. But questions remain about their duration and effects. And, of course, there are sure to be...2023-01-0325 min
Accountancy InsightsICAEW Insights In Focus: Untangling the events and impacts of 2022In this Insights In Focus episode, we review the major events of 2022 and their contribution to ongoing economic uncertainty.Despite inflation already beginning to rise, the year began with optimism, as tracked by the ICAEW Business Confidence Monitor. But events moved quickly and the effects of the invasion of Ukraine in February and successive political crises back home have challenged the resilience of businesses and individuals alike.With Rishi Sunak and Jeremy Hunt now installed in Numbers 10 and 11, the year is closing with the new government’s promise of ‘Big Bang 2.0’ – a package of post-Brexit legislat...2022-12-1538 min
Accountancy InsightsICAEW Insights In Focus: What’s in the second Economic Crime Bill?In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament. The Bill follows the Economic Crime Act, which became law in March. That legislation was fast tracked in response to the Russian invasion of Ukraine and included a raft of measures to sever economic ties with Russia. Now, this new Bill aims to bring about wider changes on how financial information is gathered and shared in the UK.Reforming Companies House is front and centre. As registrar of companies, the aim is to make it more a...2022-12-0721 min
Accountancy InsightsICAEW Insights In Focus: How will quantitative tightening affect the UK economy?In this Insights In Focus episode, we explore the Bank of England’s recent policy switch from quantitative easing to quantitative tightening.The Bank of England has been supporting the UK economy by buying government bonds since 2009. The policy has been a stabilising force through successive economic shocks: the global financial crisis, the euro crisis, the Brexit vote and, most recently, the COVID-19 pandemic.Now, the Bank of England is on a mission to reduce inflation, raising interest rates and beginning to sell the £895bn of government bonds that sit on its balance sheet. But how...2022-11-3026 min
Accountancy InsightsICAEW Insights In Focus: How a Board should balance major strategic issues with staff retention and wellbeingWe hear an update from the CFO about how advanced the company’s merger plans are and how this will secure their future in a competitive industry dominated by far larger global players. But the HR director has more worrying news about the numbers of staff that are quitting the company, especially the large amount of trainees leaving before they complete their training contracts. There are also concerns about stock pilfering and a largely blue-collar workforce who are struggling with the cost of living crisis. Despite the merger promising a bright future, the board can’t ignore either employee rete...2022-11-2525 min
Accountancy InsightsICAEW Insights In Focus: How a board should maintain the right culture during periods of fast growthOur panel talk through the situation and provide their advice on how a board might manage a situation like this. The conversation has pointers not only for senior managers and board members who might face a similar situation but also for anyone who aspires to be in senior roles in the future. Host Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW, discusses the dilemma with Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science, and Janet Williamson, Senior Policy Officer for Corporate Governance and Capital Markets at Trades Union C...2022-11-2126 min
Accountancy InsightsICAEW Insights In Focus: Countdown to ISQM 1 – is your practice ready?In this Insights In Focus special episode, we discuss the rollout of the International Standard on Quality Management (ISQM) and what firms need to do before ISQM 1 is implemented on 15 December 2022.The aim of ISQM is to raise audit quality and encourage practitioners to think about the risks that may affect their work. But the imminent arrival of ISQM 1 has the potential to be tricky and time-consuming for practices – perhaps even prohibitively so at a time of economic uncertainty and volatility.Host Iain Wright, ICAEW Managing Director, Reputation and Influence, discusses how firms and practitioners ca...2022-11-1628 minAccountancy InsightsICAEW Insights: The energy crisis – what can businesses do?On the latest ICAEW Insights podcast, we discuss the impact of the energy crisis on how businesses are sourcing their energy as well as planning for the longer term.With government support for business energy bills only lasting six months, many firms are looking at securing their own energy supply. We learn what some of the options are – and whether the benefits of going ‘off grid’ outweigh the upfront costs.There are also fears that the scramble to regain control of energy supply and pricing will lead to net-zero commitments being forgotten or delayed. And as fra...2022-11-0225 min
Accountancy InsightsICAEW Insights In Focus: Protecting SMEs against cyber criminalsIn this Insights In Focus episode, we explore why SMEs are tempting targets for cyber criminals, and what can be done to protect smaller firms against attacks.Databases full of sensitive client information are a huge draw for cyber criminals and there are signs that attackers know all about the yearly rhythm of an accountant’s work, waiting until busy seasons to strike.The cost of a successful attack can be huge. The immediate financial impact alone can be devastating, but the reputational and emotional costs can be even longer lasting. So what can be do...2022-10-1916 minAccountancy InsightsICAEW Insights: Making sense of Russia, M&A and conflicts of interestOn the latest ICAEW Insights podcast, we explore how accountants can go about approaching some of the year’s most challenging professional issues.World events have moved quickly this year. Successive waves of sanctions against Russia and the return of M&A activity – as well as the subsequent spike in conflict-of-interest queries – have meant that accountants are increasingly needing to make sense of grey areas.With accountants typically used to being the ones with the answers, who assists them when the path forward is unclear? Enter the ICAEW Technical and Ethics helpdesk.Host Philip...2022-10-1228 min
Accountancy InsightsICAEW Insights In Focus: Surviving the cost-of-doing-business crisisIn this Insights in Focus episode, we discuss the major challenges facing UK businesses, including energy costs, recruitment and retention of staff, and wage inflation. Recent headlines haven’t made easy reading. A recession looms, inflation continues to rise, and sterling plunged following the ‘mini-Budget’ on 23 September. Understandably, businesses are nervous. ICAEW’s Business Confidence Monitor for Q3 2022 found business sentiment turning negative for the first time since late 2020. Businesses in all sectors and regions reported a ‘cost-of-doing-business’ crisis.To explore what comes next, host Philippa Lamb is joined by Simon Gray, ICAEW Head of Business...2022-10-0532 minAccountancy InsightsICAEW Insights: The PM’s first 100 days - what needs to happen?On the latest ICAEW Insights podcast, we discuss the economic challenges facing new Prime Minister Liz Truss, and the policy commitments made during the summer’s campaign trail.The Prime Minister has a sizeable in-tray to tackle. Stalling growth and rising inflation have led to warnings of economic stagnation for the UK. The energy crisis and industrial action this coming winter complicate matters, too.It leaves little wiggle room for policymaking at Number 10, but the Prime Minister has promised to enact tax cuts and hinted at sweeping regulatory reforms.Host Philippa Lamb discusses wh...2022-09-0734 min
Accountancy InsightsICAEW Insights In focus: How to bring a business back from the brinkIn this Insights In Focus episode, we explore the multifaceted role of the insolvency professional by hearing from both practitioner and client.Fraser Dick, managing director of Perfection Alloys, shares how the technical and emotional support of Tyrone Courtman, partner at RSM UK Restructuring Advisory, steered the business away from insolvency and towards recovery.Tyrone goes on to explain his process for assessing the viability of businesses experiencing difficulties; and what motivated him to specialise as an insolvency professional early in his career.It’s a timely discussion as insolvencies continue to surge, ha...2022-08-3125 minAccountancy InsightsICAEW Insights: How to fix the airline industryOn the latest ICAEW Insights podcast, we explore the problems facing the aviation sector with experts Matthew Davy, director at Strategy& UK, and Eleni Kaloyirou, CEO of Hermes Airports, Cyprus.The panel discuss the business drivers behind this summer’s flight woes, including the effects of ongoing staff shortages. Plus, we examine the long-term pressures facing the industry as passenger travel finds new equilibrium following the pandemic.We then meet ICAEW climate change executive Sarah Reay to hear how aviation is taking its first steps towards a greener future, as well as how the Institute is...2022-08-1134 min
Accountancy InsightsICAEW Insights In Focus: Levelling Up won’t leave with Boris, and the big opportunity aheadIn this special edition of Insights In Focus, Iain Wright, ICAEW’s Managing Director, Reputation & Influence, is joined by Majeed Neky, Head of Policy, Levelling Up Taskforce at the Department for Levelling Up, Housing and Communities, Gill Morris, Chief Executive, Devo Connect and Sarah Longlands, Chief Executive, Centre for Local Economic Strategies.In the interregnum between Boris Johnson’s resignation speech and a new leader taking over, it’s easy to declare an end to the Conservatives’ flagship Levelling Up policy. But Majeed and Gill are quick to tell Iain how unlikely that is. As Majeed p...2022-07-2142 min
Accountancy InsightsICAEW Insights In Focus: Recession? What recession? Time for business to stop worrying and start investingIn this special edition of Insights In Focus, Iain Wright, ICAEW’s Managing Director, Reputation and Influence is joined by Kitty Ussher, Chief Economist at the Institute of Directors, and Suren Thiru, ICAEW’s Director, Economies. Talking on the morning that UK GDP figures for May were released showing an unexpected return to economic growth, Kitty and Suren both tell Iain why managers and business owners should be more confident in the economy’s medium-term health. Inflation rates are likely to come back within a manageable margin by next year, and the fundamentals of the UK economy are in...2022-07-1834 minAccountancy InsightsICAEW Insights: The pain – and potential gains – of rising inflationOn the latest ICAEW Insights podcast, we speak to Martin Wheatcroft about rising inflation and what that means for businesses, plus capital allowances reforms.Inflation is rising at a record pace across the world, triggered by the COVID-19 pandemic and exacerbated by a perfect storm of world events, including the war in Ukraine. We explore the impacts of this, both negative and positive, and what it might mean for public finances. We also take a look at the government’s plans for capital allowance reforms. As the end of the superdeducton approaches, the UK government is...2022-07-1319 min
Accountancy InsightsICAEW Insights In Focus: What are the issues with tackling fraud?In this Insights In Focus episode, we take a look at the upward trend in instances of fraud: what factors make it easier for fraudsters, and what can the profession do about it?Instances of fraud have been on the rise since 2019, particularly during the pandemic, as economic criminals exploited new weaknesses created as a result of the rapid introduction of COVID-19 measures.Last month, the UK government issued its feedback statement on audit and corporate governance reform, which outlined how auditors and businesses should monitor and respond to potential instances of fraud.2022-06-3021 minAccountancy InsightsICAEW Insights: Levelling up - data and devolutionOn the latest ICAEW Insights podcast, we speak to Ed Humpherson, Director General of The Office for Statistics Regulation about the importance of data for the Levelling Up agenda.The levelling up agenda aims to bring a better balance to the UK economy, but this is no easy undertaking, involving huge infrastructure projects and changes to everything from tax to devolution to regional funding. Ed discusses the importance of good data in moving the Levelling up agenda, where the critical gaps lie, and how statistics can be used to monitor and measure progress.Then, ICAEW’s...2022-06-0723 minAccountancy InsightsICAEW Insights: Economic crime, Russia/Ukraine and the Spring StatementThe horrific situation in Ukraine has had wide-ranging impacts and implications across the world, not least the fight against economic crime. In the UK, this is a huge undertaking. Will the new Economic Crime Act make a difference? Solicitor and economic crime specialist Matt Corn discusses the climate for economic crime in the UK and how the new Act will work in the context of existing UK law.Last week, the Chancellor Rishi Sunak delivered his Spring Statement with expectations high for measures to lessen the pain of inflation, rising energy and fuel costs, and...2022-03-2931 min
Accountancy InsightsICAEW Insights In Focus: Death and digital assetsIn this Insights in Focus episode, we look at what happens to your digital assets after you die. A large proportion of our lives are now lived online. The digital footprint of the average person on the street is getting bigger and bigger. Some of that includes assets that we really value, both from an emotional and financial perspective. Journalist and author Jamie Bartlett looks to answer the question: what happens to those assets when we die, and what do we need to consider?Catherine Mayer understands how hard it can be to deal with...2022-03-2140 minAccountancy InsightsICAEW Insights: Digital assets and inflation issuesOn the latest ICAEW Insights podcast, we speak to Jamie Bartlett, author and presenter about the importance of digital assets. These assets can include NFTs, cryptocurrencies and prizes email addresses and social media handles. What happens to them when we die? Jamie discusses how to look after your digital shadow. Then, Sunday Times Economics Editor and author David Smith discusses the conditions that have created the rising inflation we’re seeing in the UK. Are those conditions easing? What will this mean for the cost of living? What’s the impact of the Great Resignation? Who su...2022-02-2820 min
Accountancy InsightsICAEW Insights In Focus: How do we tackle domestic modern slavery?We take a look at the issue of domestic modern slavery, and how authorities and prosecutors look to build a case under the Modern Slavery Act.Before the Modern Slavery Act came into force in 2015, criminals would get a longer sentence for moving 3kg of cocaine than for trafficking 300 people. It is a critical piece of legislation in tackling modern slavery in the UK, where it is still a significant issue.Businesses are feeling considerable pressure as a result of rising inflation, supply chain issues, and other spiralling costs. Some struggle to find...2022-02-1630 minAccountancy InsightsICAEW Insights: Charity challenges, non-financial misconduct and tax fraudIn this episode of ICAEW Insights, we look at the issues facing charities in the UK, the increasing focus of regulators, investors and stakeholders on non-financial misconduct and what’s new with tax. Host and ICAEW financial services director Philippa Kelly is joined by the Institute’s head of charities and voluntary sector, Kristina Kopic, to discuss the challenges the sector has faced over the past two years. It has been difficult for charities to both operate sustainably and support users at a time when they particularly need it.Barrister at 4-5 Gray’s Inn...2022-01-2034 min
Accountancy InsightsICAEW Insights In Focus: What to expect from 2022 – part 1In the first ICAEW In Focus podcast of 2022, Chief Executive Michael Izza looks at the biggest issues facing business and the wider economy, with help from experts from around the Institute.The global economy is going through significant change at the moment, some of it long term, some of it short. For instance, we’re seeing the start of a gradual transition away from fossil fuels, starting with coal. At the same time, we’re seeing a huge increase in inflation – a symptom of more immediate economic challenges. With the messages from COP26 still ringing in our...2021-12-2322 min
Accountancy InsightsICAEW Insights In Focus: What to expect from 2022 – part 2In the second of a two-part special Insights In Focus podcast, ICAEW Chief Executive Michael Izza discusses non-financial reporting, public sector finances, and the big tech trends of 2022. At the end of 2021, we saw some significant developments towards a coherent framework for non-financial reporting standards. The formation of the International Sustainability Standards Board by IFRS in November was a huge step forward. But if we’re going to make progress in tackling climate change issues, we will have to deal with the rising levels of public debt. Fiscal resilience will be under the spotlight as mu...2021-12-2323 minAccountancy InsightsICAEW Insights: Greenwashing, EBITDAC and TAM DayWelcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. On the show, ICAEW’s financial services director Philippa Kelly joins host Tom Herbert to assess the potential for regulating ‘greenwashing’ and ask whether 2022 will be another year of calculating EBITDAC for the nation’s businesses.ICAEW Tax Faculty’s Lindsey Wicks puts the government’s Tax Administration and Maintenance day under the microscope and outlines the next milestone in the government’s phased timetable for border controls with the EU.And joining the podcast to...2021-12-1632 min
Accountancy InsightsICAEW Insights In Focus: What next after COP26?On the latest Insights In Focus podcast, we reflect as the dust settles on the COP26 discussions in Glasgow, it’s time to assess and reflect on what was – and wasn’t – achieved.For almost 30 years, governments and policy makers have been meeting at the Conference Of Parties (COP) to try to solve the problem of climate change. In that time, it has gone from a seemingly distant issue to an imminent existential threat. Paris 2015 was the first major COP event to feel significant to the wider population. There, governments agreed to limit global warming to below...2021-11-2940 minAccountancy InsightsICAEW Insights: SME recovery, sustainability standards and cryptoassets nudgeWelcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. On the show, we speak to Small Business Minister Paul Scully about how the government intends to help small businesses hit hard by the pandemic, what chartered accountants working in or advising small businesses can do, and how to tackle the UK’s productivity puzzle.With the resolutions from the COP26 climate conference fresh in our minds, ICAEW’s Sarah Dunn outlines why the formation of the International Sustainability Standards Board (or ISSB) is an impo...2021-11-1833 min
Accountancy InsightsICAEW Insights In Focus: Prizing the public poundOn the latest ICAEW Insights in Focus podcast, we take a look at The Fabian Society’s new pamphlet on delivering value for money on public spending.Transparency in public spending has never been more important. With public services under increasing pressure, government debt rising and targets in areas such as carbon emissions to be met, any spending must be backed with evidence that it will deliver value to the taxpayer. The Fabian Society, Britain’s oldest think tank, has been developing ideas around progressive political ideas and public policy for 140 years. Its recent pamphlet 'Pri...2021-10-2719 minAccountancy InsightsICAEW Insights: Autumn Budget and Spending Review: turbocharge or temperance?Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. In this special edition, we’re joined by experts from across ICAEW’s tax and public sector team to preview the government’s Autumn Budget 2021 and Spending Review, which takes place on Wednesday 27 October.Normally one of the biggest financial events of the year in its own right, this Budget has assumed even greater significance, being the first since the easing of lockdown measures and the tapering down of a number of key Covid support scheme...2021-10-1934 min
Accountancy InsightsICAEW Insights In Focus: Anatomy of a cyber attackOn this week’s ICAEW Insights in Focus podcast, we take an in-depth look at a real-life cyber attack.It was a seemingly ordinary day in Gareth’s* life. Then the phone started ringing, and it never stopped. His company was the target of a ransomware attack. Years later, he shares his story with journalist and author of 'The Dark Net', Jamie Bartlett, as part of ICAEW’s Cyber Crime Week.Cyber attacks such as phishing and ransomware are on the increase, as cyber criminals identify new ways to breach company systems in the new hybrid...2021-10-1336 min
Accountancy InsightsICAEW Insights In Focus: Less Complex Entity auditsWelcome to this ICAEW Insights ‘In Focus’ podcast. This is where we interrogate a specific but timely topic from the world of accountancy, business and finance. This time we examine Less Complex Entity (LCE) audits.There’s been a lot of talk about LCE audits recently and that’s because the international auditing standard-setter, the IAASB, recently issued an exposure draft for a standard for LCE audits.This is major progress. The exposure draft issued is far from perfect, but the fact that it has been issued is a cause for celebration. ICAEW has been a robust...2021-10-0620 minAccountancy InsightsICAEW Insights: National Insurance rise, ransomware and charity fraudWelcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. On the show we speak to Eleanor Fairford, the National Cyber Security Centre’s Deputy Director for Incident Management, about the rising tide of ransomware, and how chartered accountants can protect themselves and their businesses.ICAEW Tax Faculty’s Lindsey Wicks outlines the details of the government’s new health and social care levy and talks us through the Office for Tax Simplification’s report on the costs and benefits of moving tax year away from 5 A...2021-09-2329 min
Accountancy InsightsICAEW Insights In Focus: The gender pension gapWelcome to this ICAEW Insights ‘In Focus’ podcast. This is where we interrogate a specific but timely topic from the world of accountancy, business and finance. This time we examine the gender pension gap.We hear a lot about the gender pay gap – the difference between the average earnings of men and women, but the pensions gap has had little attention, yet it is actually more acute. While the gender pay gap among full-time employees in April 2020 was 7.4%, and it was 15.5% among all employees, the gender pension gap is much wider. A recent report found a 40% gap in pen...2021-09-1433 minAccountancy InsightsICAEW Insights: Late payments, basis period reform and football financeWelcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. On this show, we’ll speak to Liz Barclay, the government’s new Small Business Commissioner, on efforts to tackle the scourge of late payments.ICAEW Tax Faculty’s Lindsey Wicks outlines the implications of the government’s proposed reforms to basis periods.Football finance expert and chartered accountant Kieran Maguire gives us the story behind his hit podcast ‘The Price of Football’.And ICAEW’s Katharine Bagshaw explains why the IAASB thinks w...2021-08-2635 min
Accountancy InsightsICAEW Insights In Focus: Access to finance - supporting small businessesWelcome to this ICAEW Insights ‘In Focus’ podcast. ICAEW’s Head of Corporate Finance, David Petrie, is joined by a panel of experts to discuss debt, equity and other funding options for small businesses in the light of government intervention as a consequence of the pandemic and the return to growth. Host:David Petrie, Head of Corporate Finance, ICAEW; Guests: - Graeme Sands, Corporate and Growth Banking Director, Virgin Money UK; - Steve Cordiner, Head of Unquoted Investment, Gresham House Ventures;- Maggie Rodriguez-Piza, Chief Executive, Funding London...2021-08-1830 minAccountancy InsightsICAEW Insights: Blurring boundaries, e-money accounts and the future of taxWelcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance. On this show, we’ll look at how the boundaries between accountants’ personal and business lives have blurred during the pandemic, resulting in a rising number of disciplinary cases involving social media. What are the professional bodies doing about this?ICAEW has responded to the government’s future-facing Tax Administration Framework Review, which is likely to affect all taxpayers, businesses and those who advise them. We’ll examine the review and ask why the Institute has calle...2021-07-2127 min
Accountancy InsightsICAEW Insights In Focus: Women on boards - how do we reach equality?The pandemic has pushed back gender parity across the UK FTSE 350 to 2036, with women holding just 22% of all executive committee roles. Just 15 of the top companies have female chief executives. While we’ve made some progress in recent years, what needs to change to reach true equality? ICAEW's Susanna Di Feliciantonio and Jane Berney discuss the issue with a panel of experts. The panel:- Andrew Weir, Regional Senior Partner of KPMG in Hong Kong and Vice-Chairman of KPMG China, and Global Chair of Asset Management for KPMG.- Leda Condoyanni, Chair of the...2021-07-0934 min
Accountancy InsightsICAEW Insights In Focus: The BEIS White Paper - how do we measure audit quality?High profile frauds and corporate failures has put the spotlight on auditors. Regulators have questioned the quality of audits and the lack of competition in the audit market, leading to some of the more contentious elements of the BEIS whitepaper. What’s the right approach? Anna Draper, lead partner, BDO, Jayne Kerr, director audit strategy and public policy, PwC, Tracy Gordon, director of corporate governance, Deloitte, and Katharine Bagshaw, manager, auditing standards, ICAEW, join ICAEW’s Iain Wright to discuss. 2021-07-0532 min
Accountancy InsightsICAEW Insights In Focus: The BEIS White Paper – is ARGA the corporate governance regulator we need?The BEIS whitepaper proposes replacing the current regulator, the Financial Reporting Council, with a new, more powerful body, the Audit Reporting and Governance Authority – ARGA. ICAEW’s Iain Wright is joined by a mega-panel of experts to discuss this proposal: Mala Shah-Coulon, associate partner at EY; Tom Gosling, fellow at London Business School; Andrew Ninian, director of stewardship and corporate governance, The Investment Association; John Odada, head of board and committees at BP; and Elizabeth Richards, head of corporate governance, ICAEW. Part one of two.2021-06-3035 min
Accountancy InsightsICAEW Insights In Focus: The BEIS White Paper – how do we restore trust through corporate governance?Trust in business and other institutions, such as Parliament and the press, has been declining for decades. How do we reverse the tide? Do the measures in the BEIS whitepaper set out a path to build back trust? In the second part of our corporate governance discussion, panellists Mala Shah-Coulon, associate partner at EY; Tom Gosling, fellow at London Business School; Andrew Ninian, director of stewardship and corporate governance, The Investment Association; John Odada, head of board and committees at BP; and Elizabeth Richards, head of corporate governance, ICAEW, talk trust with ICAEW’s Iain Wright.2021-06-3021 min
Accountancy InsightsICAEW Insights In Focus: The BEIS White Paper – why do we need audit and corporate governance reform now?The BEIS consultation on audit and corporate governance reform proposes sweeping changes that will have a profound impact on the way corporate Britain operates. Why is this necessary now? What will it mean in practical terms? And is the timing right? Cosette Reczek, a Chartered Governance Professional with over 30 years' experience and a member of the ICAEW Corporate Governance Committee, Janet Williamson, Senior Policy Officer at the TUC, and John Boulton, Director of Technical Policy at ICAEW, speak to ICAEW’s Managing Director for Reputation and Influence Iain Wright to find out more. Restoring trust in audit and...2021-06-2733 min
Accountancy InsightsICAEW Insights: Tax year end, Bounce Bank Loans and cryptocurrencyICAEW’s Philippa Kelly and Lindsey Wicks and PwC’s Mike Jervis join host Tom Herbert to discuss the potential moving of tax year end, Bounce Back Loan repayment options, business restructuring and cryptocurrency.Welcome to this new ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.On today’s show, with news that the government is considering moving tax year end away from 5 April, what impact could this have on businesses and individuals? The first coronavirus Bounce Back Loans are now falling due for repayment: what should...2021-06-2328 min