Blogs - Talk Accountancy - ICAEW Blogs and Discussions

Practice Assurance monitoring: Find out the latest Practice Assurance pitfalls

Download our 2020 Practice Assurance Monitoring Report which contains our key findings from quality assurance reviews in 2019 and guidance for this year. The report highlights our most common findings and includes a focus on Conflicts of Interest, Wh...

1 Jun 2020

Professional Indemnity Insurance (PII) Regulations updated

Sarah Gammon

Amendments to the PII Regulations include a change to the definition of insurer. Other minor changes have been made for consistency and completeness, but the requirements on firms have not changed. View the schedule of changes and the new PII Regulat...

1 Jun 2020

New report published: Insolvency Monitoring 2020

Sarah Gammon

The 2020 Insolvency Monitoring Report is now available. This invaluable resource contains all the latest advice for ICAEW insolvency practitioners; whether you are preparing for your next insolvency monitoring review, or need ensure you are complying...

1 Jun 2020

Changes in the PII market plus advice on the impact of COVID-19

Sarah Gammon

ICAEW’s PII Committee wish to highlight that there has been a hardening of the professional indemnity insurance market over the last 18 months. This means firms may find it more challenging (and/or time-consuming) to renew cover than previously...

21 Apr 2020

Regulating in the public interest

Sarah Gammon

The ICAEW Regulatory Board (IRB) has published its 2019 Annual Report. Public interest and transparency remain at the forefront of everything the IRB does. Find out more about who the IRB is and its oversight role of ICAEW’s regulatory and disc...

25 Mar 2020

ICAEW chart of the week - Raising taxes is hard to do

Martin Wheatcroft

Traditionally, the first Budget after an election raises taxes and this would be a logical step given plans to increase public spending and investment in infrastructure. But which taxes could the Chancellor increase? As the #icaewchartoftheweek ill...

9 Mar 2020

ICAEW chart of the week - UK international reserves

Martin Wheatcroft

The UK’s official holdings of foreign government debt, central bank deposits, IMF Special Drawing Rights (SDRs) and gold are the subject matter for the #icaewchartoftheweek, being the foreign currency assets and liabilities used in monetary o...

24 Feb 2020

25 years advancing LGBT+ workplace inclusion at EY and beyond

Tim Jarman

It’s not every day that you get to celebrate a milestone like one of your networks reaching its 25th birthday, but that’s the great position we find ourselves in at EY. Unity – EY's LGBT+ Network - is 25 this year. Founded...

20 Feb 2020

Looking after the mental health of our LGBT+ community

Jonathan Worrell

Last month I attended an event where Simon Blake OBE, Chief Exec of Mental Health First Aid (MHFA) England spoke about mental health for LGBT+ employees in the workplace. One statistic stuck in my mind: that 62% of graduates who are openly LGBT...

17 Feb 2020

ICAEW chart of the week - Public sector employment

Martin Wheatcroft

The #icaewchartoftheweek is about public sector employment, illustrating how just under 5.4m people work for public bodies in the UK or around 4.5m full-time equivalents (FTEs). This is 16.5% of the total UK workforce of 32.8m as of last September ...

17 Feb 2020

ATOL Reporting Accountants - Reporting to the Civil Aviation Authority (TECH 02/20 AAF)

Louise Sharp

ICAEW's Audit and Assurance Faculty has published Technical Release 02/20 AAF ATOL Reporting Accountants - Reporting to the Civil Aviation Authority, which replaces TECH 09/16 AAF. ATOL protection acts as a crucial safeguard for UK hol...

11 Feb 2020

MY TRANSGENDER JOURNEY

Isabella Segal

I am a child of the 1950’s. I had a very happy childhood. The only exception being my gender identity issues. I have these since my first memories from the age of 3 or 4. I had an overriding ache to be a girl. I would go to sl...

10 Feb 2020

ICAEW chart of the week - Inflation

Martin Wheatcroft

The #icaewchartoftheweek is on inflation this week, with the Office for National Statistics reporting that consumer price inflation fell to 1.3% in December 2019 – its lowest level for over three years and towards the lower end of the Ban...

10 Feb 2020

Working on love

Polly Bull

I wrote this poem as a reflection on being LGBTQ+ in the workplace. ------------------------------------------------------------------------------------------ Working on love How it started: My very first job in the 1990s: greeter at Pi...

7 Feb 2020

ICAEW chart of the month - UK international trade

Martin Wheatcroft

With recent changes in ICAEW communications, the ICAEW Public Sector team has started an #icaewchartofthemonth to complement the #icaewchartoftheweek. The first #icaewchartofthemonth was published on the ICAEW's Insights Hub (icaew.com/insights) on ...

3 Feb 2020

ICAEW chart of the week - Q4 retail sales

Martin Wheatcroft

Concerned about the state of the UK economy? Then the latest retail sales numbers will not have helped, with fourth quarter sales in the UK mainland just 0.9% higher after inflation over a year earlier, as illustrated by the #icaewchartoftheweek. Wi...

21 Jan 2020

ICAEW chart of the week - Regional capex

Martin Wheatcroft

The #icaewchartoftheweek this week is on the subject of public sector capital expenditure across the UK in the light of speculation that the Spring Budget in March will feature a significant boost to capital spending in the North of England. We thou...

13 Jan 2020

ICAEW's Audit and Assurance Faculty - 2019 Highlights

Alexander Russell

2019 has been a busy year for the Faculty. We should like to thank our members for your contributions during the year, and outline some of the highlights of the year below. Audit reform During 2019, the Faculty played a major role in developing ICAEW...

13 Jan 2020

ICAEW chart of the week - A Single Market of 529m people

Martin Wheatcroft

Welcome back! 2020 is likely to be an interesting year for many reasons, but in Europe all eyes will be on UK and EU negotiators as they attempt to agree a new trading relationship following the ending of the UK's membership of the European Unio...

7 Jan 2020

Data protection – New Draft Guidance on Subject Access Requests – Your views wanted

Jane Berney

The UK Information Commissioner (ICO) has just issued a consultation on its new, draft, guidance on dealing with subject access requests (see here) under the GDPR. The GDPR has strengthened the right of data subjects to request a copy of thei...

6 Jan 2020

5 questions every director should be asking their board about climate risk

Business and Industrial Strategy Team

Climate change and sustainability has been placed firmly in the spotlight of media and society’s attention. Focus is now turning even more to the business world to play its part. Given the far-reaching impact and risk implications of climate ch...

18 Dec 2019

Volunteers wanted to join ICAEW's Business Law Committee

Jane Berney

We are looking for two to four ICAEW members to join our Business Law Committee (BLC). The BLC provides ICAEW with expert insights to help us respond to consultations, comment on and provide insight to members on significant proposed or existin...

17 Dec 2019

ICAEW chart of the week - Post-GE2019 fiscal deficits

Martin Wheatcroft

With the General Election now complete, the Office for Budget Responsibility (OBR) was able to release a restated version of its March 2019 fiscal forecasts this morning, reflecting technical revisions to the way the fiscal numbers are calculat...

16 Dec 2019

ICAEW chart of the week - General Election 2019

Martin Wheatcroft

With voters in the UK going to the polls tomorrow, our #icaewchartoftheweek is on the political party's plans for the public finances. All the political parties are promising to increase taxes, public spending and investment, with the plan to el...

11 Dec 2019

Business, Brexit and the Ballot Box

Business and Industrial Strategy Team

Business, Brexit and the Ballot Box On Monday 25 November, Chartered Accountants’ Hall played host to a General Election hustings on the topic of small business. The event, organised by ICAEW in partnership with Enterprise Nation, Coadec...

11 Dec 2019