Blog - Title

Blogs

  • A Way of Life

    One of the greatest privileges of being president of ICAEW is welcoming newly-qualified ACAs to our profession. Last Saturday I travelled to Liverpool and then on to Manchester to speak at two such ceremonies. I spoke – as I always do – a...
    • 24 Sep 2018
  • Three Challenges for Integrated Reporting

    Eight years ago, the International Integrated Reporting Council (IIRC) was born. Its founding vision, which ICAEW has always supported, was and is to “align capital allocation and corporate behaviour to wider goals of financial stability and su...
    • 19 Sep 2018
  • A Long, Hot Summer

    It is already clear that 2018 will be remembered as a pivotal year for our profession; one in which the crisis in public trust reached fever pitch, along with the need to instigate and embrace fundamental change. As we enter the autumn, I want to upd...
    • 12 Sep 2018
  • Tomorrow's Digital Practice

    One of my ambitions for this year is to ensure that we remain – and are seen as - leaders, not followers, in this increasingly digital world. An abiding memory of my interview at A C Mole & Sons on 13 June 1980 (and yes, it was indeed a Fri...
    • 10 Sep 2018
  • How Do You Solve a Problem like Business Rates?

    We are at a crucial moment for tax. Government must listen, and be seen to be listening, to the concerns of businesses and individuals. Public debate about the level of taxation on business is heavily focused on corporate income tax. However, propert...
    • 6 Sep 2018
  • Preparing for "No Deal"

    Last week the UK Government published its first batch of technical notices to help British businesses prepare for a potential “no deal” Brexit. Further technical notices are due in September, including on services and company law. It is s...
    • 29 Aug 2018
  • An Export Superpower?

    Yesterday I attended the launch of the Government’s new Export Strategy at the Institute of Directors in London. Afterwards I attended a private roundtable discussion with the Secretary of State for International Trade, the Rt Hon Dr Liam Fox M...
    • 22 Aug 2018
  • Firm Foundations

    In my last blog, I wrote about the part the ICAEW Foundation plays in changing lives around the world - helping young people who face financial difficulties to begin a professional career. It's one way in which we bring our ambition to help build...
    • 20 Aug 2018
  • Take Two (and Three)

    I’d like to ask something of you. Would you take two minutes to read this blog and then watch a short three-minute video? A key theme for my year as president is improving access to our profession. We are a global Institute with over 150,000 me...
    • 3 Aug 2018
  • Measuring the Tax Gap

    HMRC recently published their estimate of the tax gap for 2016-17. It came in at £33 billion, or 5.7% of total tax due. Identifying the tax gap – the difference between the amount of tax that should be paid and what is actually paid &ndas...
    • 1 Aug 2018
  • A Sustainable Brexit

    These are difficult times for multinational institutions. The very purpose of the European Union, United Nations, Nato and others is being scrutinised like never before. Some people are questioning whether the international order, based on shared val...
    • 24 Jul 2018
  • Reflecting on the Chequers Agreement

    Notwithstanding the events of the last 48 hours, the Cabinet’s agreement on Friday on what the UK’s relationship with the EU should be post-Brexit, is a significant step forward. After two years of broad generalities from the Government a...
    • 11 Jul 2018
  • Restoring Confidence

    One of the biggest challenges facing our profession is restoring public confidence in the value and quality of audit. It was a dominant theme in some of my most important engagements last week. On Tuesday, I attended a roundtable meeting at the House...
    • 11 Jul 2018
  • The Importance of Professional Scepticism

    Scepticism is at the heart of audit; as chartered accountants, our fundamental responsibilities include remaining alert to potential error, bias and misstatement. Recent scrutiny of audit has focused on concerns that auditors aren’t being suffi...
    • 10 Jul 2018
  • Reflections from Malaysia

    In my last blog, I mentioned four themes that I felt were particularly important to focus on over the coming year. I’ll be writing about the fourth theme - the crisis of confidence in audit - in my next blog, but the other three were thinking g...
    • 4 Jul 2018
  • 20th Anniversary of the Fraud Advisory Panel

    I would like to bring to members’ attention, the invaluable work undertaken by the Fraud Advisory Panel, as it marks its 20th anniversary. The Panel’s overriding mission is to enable as many people as possible to protect themselves agains...
    • 3 Jul 2018
  • How to End Excessive Pay

    We recently published a new thought leadership report on the controversial matter of excessive pay. As long as executive pay packets are perceived as excessive and unfair, they will undermine the pivotal role that business plays in building strong ec...
    • 29 Jun 2018
  • Brexit Negotiations Must Consider Statutory Audit

    At its meeting later this week, the European Council will assess progress on the Brexit negotiations. As last week’s update provided by the European Commission and the UK Government demonstrated, negotiations are moving forward - but there are ...
    • 26 Jun 2018
  • We Must Get This Right

    The conclusion reached by the Financial Reporting Council (FRC) in its Audit Quality Review published today, does not make for pretty reading. Like many members, I am disappointed, frustrated and feel let down. At a time when the profession is u...
    • 19 Jun 2018
  • Finance for the Future

    Some members will already be aware of the Finance for the Future initiative, which ICAEW co-founded with HRH The Prince of Wales’ Accounting for Sustainability Project (A4S) in 2011. Now also run in partnership with Deloitte, the programme...
    • 8 Jun 2018
  • Connecting Communities Against Cybercrime

    Our world is getting smaller, and technology is becoming more pervasive. This brings benefits and opportunities, but also challenges and threats, including cybercrime. Boardrooms across the world are rightly highly concerned about the risk of cybercr...
    • 4 Jun 2018
  • Our Year in Review

    We recently published our Annual Review and Financial Statements for 2017. It was a year in which the world began to fully absorb the political and economic upheavals of 2016, most notably Brexit and the US Presidential election. It was also a p...
    • 29 May 2018
  • Are You Ready for GDPR?

    This Friday, 25th May, sees the introduction of the General Data Protection Regulation (GDPR) across the European Union. GDPR is an overhaul of existing EU legislation on data protection, and will apply to all members and accountancy firms. Broadly s...
    • 23 May 2018
  • A Watershed Moment

    As I said on the Today programme last Wednesday, I believe the report on Carillion published last week by the Work and Pensions and the Business, Energy and Industrial Strategy Select Committees, represents a watershed moment for our profession. The ...
    • 21 May 2018
  • A Review of Audit Culture

    It is often overlooked that the UK is the home of the modern global accountancy profession. Indeed, many of those who founded the largest international audit firms were members of ICAEW. And it is still where regulators and professional bodies look f...
    • 10 May 2018