Blogs - Talk Accountancy - ICAEW Blogs and Discussions

ICAEW chart of the week - Transport for London

Transport for London (TfL) operates one of the largest urban transport networks in the world, as well as being responsible for the strategic road network in the capital. TfL is a major investor in transport infrastructure in the UK, with the £...

17 Jun 2019

Monitoring advice for firms from ICAEW’s Quality Assurance team

Sarah Gammon

To help firms prepare for their next monitoring reviews, ICAEW’s Quality Assurance team has published three new reports: Practice Assurance Monitoring 2019 Insolvency Monitoring 2019 Audit Monitoring 2019 The reports look back at the last 12 ...

14 Jun 2019

Revised sanctions for AML breaches introduced

Sarah Gammon

An updated Guidance on Sanctions will come into effect from 1 July 2019. The new guidance provides further clarity to the setting of sanctions to deter money laundering by ICAEW supervised firms. Firms which fail to have or to implement AML policies...

10 Jun 2019

ICAEW chart of the week - Infrastructure finance review

Martin Wheatcroft

ICAEW responded last week to the Infrastructure Finance Review being undertaken by the government, in which it has sought views on greater private investment can be found to fund the nation's infrastructure. As our #ICAEWchartoftheweek illustrat...

10 Jun 2019

Use your skills to volunteer – and take a step up the career ladder along the way

Dale Archer

As we celebrate Volunteers Week 2019, we talked to Vanessa Johnson at Governors for Schools about how skills-based volunteering can be good for your career and your community. Becoming a school governor can lead to a better future for you...

4 Jun 2019

ICAEW chart of the week - the UK public balance sheet

Martin Wheatcroft

As we reported on the release of the Whole of Government Accounts (WGA) for 2017-18 a week and a half ago, the good news is the transparency that the WGA provides. The bad news is the picture of the public finances contained therein!As illustrated b...

3 Jun 2019

ICAEW chart of the week - Whole of Government Accounts 2017-18

Martin Wheatcroft

The government published its 9th Whole of Government Accounts (WGA) last week, covering the financial year ended 31 March 2018. The WGA provides a comprehensive financial report on the UK public sector, consolidating the financial results of ov...

28 May 2019

ICAEW chart of the week - EU net contributors and net recipients

Martin Wheatcroft

There are European elections later this week and one of the big challenges that will face newly elected MEPs will be getting to grips with the EU's finances. The €148bn EU budget was the subject of a #ICAEWchartoftheweek ear...

20 May 2019

Audits of ‘less complex entities’ (LCEs)

Louise Sharp

Smaller entities make a critical contribution to the world economy and quantitatively the majority of audits globally are audits of smaller entities. The International Auditing and Assurance Standards Board (IAASB) has at long last acknowledged the u...

16 May 2019

ICAEW chart of the week - US external trade

Martin Wheatcroft

With the trade war between the US and China hotting up, we thought it might be worthwhile looking at US external trade for our #ICAEWchartoftheweek. According to the US Bureau of Economic Statistics, US consumers and businesses paid $3.1tn to i...

13 May 2019

ICAEW chart of the week - European surpluses and deficits

Martin Wheatcroft

In 2018 public spending by the 28 member states of the EU added up to €7,249bn in total, more than the total of €7,150bn received in general government revenue, a net deficit of €99bn. It is perhaps not surprising to hear that Eu...

7 May 2019

Year 2 of the Gender Pay Gap Reporting Regulations – What have we learned?

Jane Berney

By now all organisations employing over 250 relevant employees should have published their Gender Pay Gap Reports for 2018. But have these reports told us anything new? The headline figure is that the median gender pay gap has reduced overall but onl...

1 May 2019

ICAEW chart of the week - A rush of capital spending in March

Martin Wheatcroft

Our #ICAEWchartoftheweek this time is on the subject of public sector net investment. This is the government's preferred measure of capital spending, including much needed investment in the UK's economic and social infrastructure. Over ...

29 Apr 2019

ICAEW chart of the week - UK Government financial asset sales

Martin Wheatcroft

The #ICAEWchartoftheweek is on the UK Government's programme of financial asset sales, an important source of finance for the exchequer. These are expected to generate £16.4bn in 2019-20 and a further £25.5bn over the next four years...

23 Apr 2019

GDPR - New Guidance on the Transparency Obligations of the GDPR

Jane Berney

The EU General Data Protection Regulation (GDPR) came into force on 25 May 2018. The Data Protection Act 2018 (DPA 2018) came into force on the same day and sits alongside the GDPR. Even after nearly a year of the new regime there are still many area...

15 Apr 2019

ICAEW chart of the week - UK population over the next 25 years

Martin Wheatcroft

Our #ICAEWchartoftheweek this time is on demographics, illustrating how the population is projected to increase by 10% over the next 25 years, from just short of 67m in June this year to 73½m in 2044. The ONS have assumed that there will be 7...

15 Apr 2019

Draft UK Audit Regulations for a no deal Brexit

Sarah Gammon

In readiness for a no deal Brexit, a draft set of Audit Regulations has been prepared. These are indicative, for the UK only and will apply with minor changes from the date of actual exit. Principal changes evident in draft UK Audit Regulations ...

12 Apr 2019

Shine a light: IRB Annual Report 2018

Sarah Gammon

There has been much for the ICAEW Regulatory Board (IRB) to consider in discharging its responsibility for overseeing the activities of the Professional Standards Department and its committees, and the statutory role of ICAEW as a regulator. Read the...

12 Apr 2019

ICAEW chart of the week - Australia fiscal surplus

Martin Wheatcroft

The Commonwealth of Australia presented its budget for 2019-20 last week. Buoyed by higher tax revenues from natural resources, Treasurer Josh Frydenberg MP announced that Australia's federal finances had returned to surplus, enabling a modest p...

8 Apr 2019

ICAEW chart of the week - Housing sales

Martin Wheatcroft

The ICAEW chart of the week this week is on the topic of the residential housing market, one of the swathe of economic statistics published by the Office for National Statistics last week. While there is often great interest in what is happeni...

2 Apr 2019

ICAEW chart of the week - Ireland external trade

Martin Wheatcroft

The ICAEW chart of the week returns to the topic of external trade; a topic of continuing interest in the UK as Parliament attempts yet again to resolve its differences over the proposed Withdrawal Agreement with the EU and the so-called &...

25 Mar 2019

ICO launches Your Data Matters Pledge

Jane Berney

Related Recommended Mark Taylor 15 Mar 2019 Time to take the data pledge Trust is at the very heart of the accountancy profession. It is something every ICAEW member practices every day. &nbsp...

18 Mar 2019

ICAEW chart of the week - UK Government financing for 2019-20

Martin Wheatcroft

One of the primary purposes of the Spring Statement last week was to establish the Government's financing for the coming financial year. As our ICAEW chart of the week illustrates, the plan is to raise £145bn from investors during 2019-20....

18 Mar 2019

Changes to Guidance on Sanctions effective 1 April 2019

Sarah Gammon

The Guidance on Sanctions is used by ICAEW regulatory committees, the Investigation Committee, disciplinary tribunals of the Disciplinary Committee and the Appeals Panel of the Appeal Committee for all complaints they consider. This new version ...

14 Mar 2019

ICAEW chart of the week - OBR forecast revisions - UPDATED FOR SPRING STATEMENT

Martin Wheatcroft

Following the Spring Statement earlier today, we have updated our ICAEW chart of the week to reflect the changes in the official forecasts made by the Office for Budget Responsibility. Rumours that the Chancellor would benefit from a 'windfall' in t...

11 Mar 2019