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A cash injection
In a nutshell, today’s Budget was one of the most extraordinary in recent memory. It marked a significant swing in economic policy, from austerity ‘coming to an end’, to a rate of borrow-and-spend that nobody would have imagined pos...
11 Mar 2020
The role of local public audit
Local authorities are operating in difficult times, having to do more with less, and to be more innovative and commercially-minded against a backdrop of financial instability. Thus, Sir Tony Redmond’s
into the transparency an...
3 Mar 2020
Audit reform: getting five out of three
The trinity is complete: Sir Donald Brydon’s independent review into the quality and effectiveness of audit now nestles alongside Sir John Kingman’s review of the FRC (which came out in December 2018) and the CMA’s market study of s...
21 Feb 2020
LGBT+ History Month
February is LGBT+ History Month in the UK – a month of celebration and of information, promoting equality and diversity for everyone’s benefit – and I’d like to encourage members to get involved if you have not already. Despit...
11 Feb 2020
Reflections from Davos
The World Economic Forum always proves to be an annual highlight for anyone privileged enough to attend. At no other event do you find a gathering of such senior figures from business, politics, media and even the arts – all willing to exchange...
29 Jan 2020
Digital transformation in finance functions
A key part of our thought leadership work on technology and the profession focuses on real-world research – we ask questions such as, how are our members using technology to do things differently, what are the practical challenges and what are ...
23 Jan 2020
A cohesive and sustainable world
Next week I’ll be in Davos for the 2020 World Economic Forum. I’ll be attending debates and speaking on a panel about how businesses can understand and harness the value of natural capital. The theme for this year’s Forum is ‘...
14 Jan 2020
Eight countries, seven weeks, one profession
The final two months of the year are always a tremendously busy time for any ICAEW President, and I’m glad to report that 2019 has treated me no differently. Since mid-October, I have visited Hong Kong, Malaysia, Singapore, Canada, Brussels, Du...
19 Dec 2019
Extending and improving the trust register
The UK will shortly be due to implement new anti-money laundering legislation and – although there is still uncertainty over the details – I want to ensure this is on radar for ICAEW members who deal with trusts. History At the end of 201...
9 Dec 2019
ICAEW's new Data Analytics Community
As the role of the finance professional continues to evolve, those who adapt and develop their skills successfully will be the most in-demand by businesses and clients in the future. One of the most transformative technologies affecting our professio...
3 Dec 2019
The internet of things and accounting: lessons from China
If you’re a fan of the mantra, 'what gets measured, gets managed', then you’ll be keen to embrace the opportunities provided by the internet of things (IoT). Because computing power and sensors can now be embedded into so many everyday ob...
25 Nov 2019
It's More Than a Vote
On Thursday 12 December, voters across the UK will decide the next government and determine the country’s priorities for the years ahead. There are some pronounced differences between what the various political parties are offering, and the out...
18 Nov 2019
A revised Stewardship Code
In his review of the FRC, Sir John Kingman was clear that the UK Stewardship Code must focus on ‘outcomes and effectiveness’, and cease to be simply a driver of boilerplate reporting. The FRC has now
revised the Code
, and I want to provid...
13 Nov 2019
Transitioning from LIBOR
The end of LIBOR will mean some big changes for businesses. The end date of December 2021 may seem a long way off, but companies need to start preparing now for the changes to their financing and accounting, along with other potential consequences su...
5 Nov 2019
One Young World
Last week, I had the privilege of attending and speaking at the
One Young World
summit, which this year took place in London. The annual summit serves as a global forum for young leaders – bringing together the very best talent from almost ever...
31 Oct 2019
Preparing businesses for Brexit
I’m pleased to report that ICAEW has secured a grant from the Government’s Business Readiness Fund, in order to help our members prepare for a potential no-deal Brexit. These are unprecedented times for business uncertainty. We have long ...
7 Oct 2019
More than a number
You may have heard about ICAEW’s new podcast, 'More than a number', which has launched today on Spotify, GooglePlay and Soundcloud - and will launch shortly on iTunes. This is a new series which examines some of the most pressing economic, soci...
26 Sep 2019
Widening access and transforming lives
Some of you may be aware of the life-changing work undertaken by the
. The Foundation is our charity that provides bursaries – both within the UK and across developing economies – to those from financially-challenged backg...
18 Sep 2019
Building trust in technology
Technology is changing the way we do business, and that’s no truer than in the accountancy profession. At ICAEW we’re enthusiastic and optimistic about the opportunities that new technologies such as artificial intelligence and data analy...
12 Sep 2019
Helping members to speak up
Everyone should feel free and able to speak up in the workplace. Encouraging and supporting people to raise issues of concern when they arise, is a crucial part of maintaining a healthy workplace culture – and at ICAEW we work hard to provide t...
11 Jul 2019
Financial reporting: who does what?
Financial reporting is fundamental to economic stability. Upholding the quality and rigour of financial statements is a requisite part of ensuring businesses remain strong, sustainable and accountable. It is therefore important that those in business...
10 Jul 2019
The quality and effectiveness of audit
Audit needs to change, and reform is in the pipeline. The past year has seen a steady stream of reviews and inquiries into audit, the structure of the market and its regulation. Sir John Kingman, the Competition and Markets Authority (CMA) and the Ho...
2 Jul 2019
Climate change learning programme
Climate Change is the single most important challenge the world faces, and is going to drive profound change in our lives. It should be a priority for us all, both personally and professionally. Its implications for business are already being realise...
24 Jun 2019
The year ahead
Two weeks ago I had the honour of becoming ICAEW President. An incoming President always anticipates the year ahead and the themes which will dominate it, and in that vein I want to share my thoughts with members. Our biggest challenge remains rebuil...
22 Jun 2019
On 5 June I handed over to Fiona Wilkinson, who will lead the Institute for the next twelve months. Over the last year I have written blogs on a range of topics, from meetings with students and ACA graduations to conversations with Life Members; I ha...
17 Jun 2019