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How whistleblowing helps companies
Whistleblowing is central to a company’s system of checks and balances. It can help businesses to mitigate their risks, improve their culture, and ultimately increase their performance. It often takes great courage for a whistleblower to report...
15 May 2019
I recently officiated at our annual International Prize-winners’ Ceremony at Chartered Accountants’ Hall. Some of our prize-winners had travelled many thousands of miles to be there; others had travelled a relatively short distance. They ...
13 May 2019
Regular readers of my blog will be familiar with ICAEW’s support for the
UN Sustainable Development Goals (SDGs)
. Today, businesses are expected to look beyond profit and to have a wider social purpose; they have a moral duty to identify and ad...
8 May 2019
Splits and joins
Just before Easter, the Competition and Markets Authority (CMA) published the
of its study of the UK statutory audit market, recommending a shake-up to improve choice and competition in the sector, and the resilience of the industry...
2 May 2019
My recent visit to Nigeria brought together in my mind two themes I have written about previously: being part of a
, and engaging with our members both
through their careers and afterwards
. We are active members of several global net...
1 May 2019
A day at One Moorgate Place
Last week, someone asked me what a typical day was like for the ICAEW President. That was not an easy question as no two days are the same, so I described the previous day. It began just after 6am catching up on office e-mails (I am still in practice...
10 Apr 2019
Reporting on the future of audit
Yesterday, I was delighted to welcome to Chartered Accountants’ Hall two members of the House of Commons Business, Energy and Industrial Strategy (BEIS) Select Committee; Rachel Reeves MP, the Chair, and her colleague Antoinette Sandbach MP. Ra...
3 Apr 2019
You’ll likely be familiar with the concept of ‘information overload’ – that an overabundance of information can hamper our ability to think clearly, and thus our ability to make sensible decisions. It can even prevent us from ...
26 Mar 2019
Different, yet the same
On 21 March I was in Brussels to chair a meeting of our ICAEW contact members from across Europe. I started my day, as I generally do, with a walk. Given the timing – Theresa May was due to arrive for talks on an extension to the date on which ...
25 Mar 2019
Last night, over 200 guests attended ICAEW’s Annual Dinner. The audience included members of both houses of the UK parliament, regulators, senior civil servants and representatives from a cross-section of our profession and wider business. Our ...
20 Mar 2019
Dirty money: Flag It Up
I’ve believed for some time that economic crime – specifically fraud and money laundering – is the next big challenge coming down the line for British business. That’s not to say it isn’t already. The House of Commons Tr...
19 Mar 2019
No spring in this statement
Sandwiched between Brexit votes with fundamental implications for the UK economy, today’s Spring Statement was thoroughly overshadowed. The Chancellor kept to his plan and resisted the temptation to announce any major tax or spending changes, n...
13 Mar 2019
We’ve recently begun the next phase of our intergenerational fairness initiative. Members may recall that in 2017, we commissioned a survey and subsequently published a report,
Intergenerational Fairness: A survey of citizens in 10 European cou...
8 Mar 2019
As things currently stand, the United Kingdom will leave the European Union in 24 days. It is still unclear whether a withdrawal agreement between the UK and the EU will be reached in time, and thus the uncertainty for business unfortunately continue...
5 Mar 2019
International Women's Day
On Friday 8th March, the world will mark International Women’s Day – celebrating the social, economic, cultural and political achievements of women, and promoting gender equality. The first International Women’s Day took place in 19...
1 Mar 2019
No ordinary lives
Over the past year I have hosted a number of events for ICAEW Life Members. It is a privilege to meet those who qualified many years ago and who have fascinating and varied stories to tell of their careers and personal lives. Many are still energetic...
28 Feb 2019
It's not (just) what you know...
You have heard the expression: it’s not what you know, it’s who you know that matters in life. While what you know matters a great deal – the rigour of our qualifications proves how strongly we believe that at ICAEW - my experience ...
15 Feb 2019
The future of audit
On Tuesday, I was in Parliament giving evidence to the Business, Energy and Industrial Strategy (BEIS) Select Committee's
inquiry into the future of audit
, alongside Stephen Haddrill from the FRC and Maggie McGhee of the ACCA. You may ...
8 Feb 2019
Digitalisation of tax: international perspectives
On 23 April 1997 I filed the UK’s first electronic self-assessment tax return. That single keystroke ignited an interest in the use of digital technology in tax administration (sufficiently strong for it to be the subject of my CIOT Fellowship ...
5 Feb 2019
The apprenticeship levy: use it, don’t lose it
Many ICAEW members are employers who pay the apprenticeship levy, and I wanted to remind you that, for those in England, funds from the levy will begin to expire from May 2019. Unused funds expire after 24 months – so if you began paying the le...
29 Jan 2019
Economic literacy for everyone
Late last year I spoke at a summit at Chartered Accountants’ Hall – ‘Economic Literacy for Everyone’ – facilitated by
. The audience was made up of young people with an interest in economics, and their teachers. I...
23 Jan 2019
A new global architecture
Next week I’ll be heading to the World Economic Forum in Davos, where I’ll be speaking on a panel and attending a number of other events and meetings. Ahead of my trip, I’ve been reflecting on the manifesto for this year’s For...
17 Jan 2019
A connected profession
My experience over the past few months has reinforced for me the importance of our connections with other professional bodies, and other professionals, around the world. In this blog I want to focus on just one area: tax. Tax authorities have shared ...
15 Jan 2019
The prospect of the UK leaving the EU without a withdrawal deal has increased after the UK Government postponed the parliamentary vote last week. The Prime Minister’s proposed deal will now be debated in the new year, but there’s still ev...
21 Dec 2018
Facing the findings
Today, two landmark reports on the audit market have been published. Sir John Kingman has published the findings and recommendations of his
‘root and branch’ review of the FRC
, commissioned back in April by the Secretary of State for Busi...
18 Dec 2018