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Blogs

  • ICAEW Chart of the week

    Our chart this week is about defence - the subject of our second chapter in this year’s IFS Green Budget. The chapter examines how the evolving defence and security position might affect defence resources and spending, and the pressure thi...
    • 17 Oct 2018
  • Bye-law changes for ICAEW members and firms

    Bye-law changes have come into effect this month for ICAEW members and firms:  Disciplinary Bye-laws: significant changes now effective Changes to the Disciplinary Bye-laws (DBLs) include the introduction of time limits for the investigation of...
    • 16 Oct 2018
  • 3 Steps to Take Advantage of AI and Machine Learning at Your Accounting Firm

    Chat to anyone with an interest in accounting tech and you’re sure to hear the terms, ‘machine learning’ and ‘artificial intelligence’ (AI), come up. So what do these terms mean for you, and are they relevant for you an...
    • 15 Oct 2018
  • Introducing ISA 540 (Revised): how will it impact your audit of estimates?

    The IAASB has issued ISA 540 (Revised) and the FRC in the UK is expected to follow suit, with ISA (UK) 540 (Revised July 2018) currently out for exposure. While the revised ISA isn’t radically different from the existing ISA, there are some cha...
    • 11 Oct 2018
  • ICAEW Chart of the week

    Next Tuesday, ICAEW will host the launch of Institute for Fiscal Studies' 2018 Green Budget. This is the authoritative pre-Budget report on the outlook for the UK economy supported by in-depth analysis on the options available to the Chancellor. Th...
    • 9 Oct 2018
  • Professional Indemnity Insurance (PII) changes and new guidance

    This month sees new guidance and changes introduced for PII: Changes to the ICAEW’s Professional Indemnity Insurance (PII) Regulations and minimum wording came into effect on 1 October 2018. The changes to the PII Regulations have been made for...
    • 4 Oct 2018
  • ICAEW Chart of the week

    Today's chart of the week is on the recent increase in the oil price to above $80 a barrel. Given the potential impact on the global economy, this rise is the cause of some concern. A sudden spike in oil prices has been linked to a number of past rec...
    • 3 Oct 2018
  • ICAEW Chart of the week

    With suggestions that the retail prices index (RPI) may be on its way out, our chart this week is on the subject of inflation. RPI is consistently higher than the consumer price index (CPI), with RPI on average 0.8% higher than CPI since 2010. ...
    • 1 Oct 2018
  • ICAEW Chart of the week

    With apologies for the delay in posting while I was overseas, our chart from last week is on the subject of what the 66.6 million people that live in the United Kingdom do. 31.6m (47%) of UK citizens, are in full or part time work - exclud...
    • 1 Oct 2018
  • Probate reaches 300

    In August 2014, ICAEW gained the power to regulate probate - the first organisation outside the legal profession to do so. Until this time only solicitors could undertake probate work. Since then many accountancy firms have gained the accreditation t...
    • 25 Sep 2018
  • Practising certificate holders (UK) – new OPBAS levy

    The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) levies an annual charge on all professional body supervisors (which includes ICAEW), based on the number of beneficial owners, officers and managers in the firms registered wi...
    • 20 Sep 2018
  • Join us for a screening of ICAEW’s second educational film, Without Question: next venues - Birmingham and London

    Set within a family owned company Without Question provides an interesting and impactful way to highlight the challenges of directors and professional advisers seeking assurance on difficult issues as well as the underestimated importance of skills l...
    • 19 Sep 2018
  • Purposeful Business

    We hear a lot about business and purpose these days. In particular in July the UK’s revised Corporate Governance Code was published. Among other things the Code identifies that shareholder primacy needs to be moderated and introduces the concep...
    • 14 Sep 2018
  • ICAEW Chart of the week

    Our choice of chart this week was due to news that the government is considering increasing fuel duties. This tax is a good example of the dilemma faced by government. It is a valuable source of revenue - £28bn this year - but government envir...
    • 12 Sep 2018
  • ICAEW Chart of the week

    After our summer pause, our 'chart of the week' on the public finances is back and celebrating its first anniversary. We are easing ourselves back in with this one on the interaction of small change and big politics. Earlier this year HM Treasury b...
    • 10 Sep 2018
  • National security plans put tech and infra deals at risk

    Whilst doing deals and raising finance for technology and infrastructure is arguably easier than it once was, new UK government plans have the potential to throw a spanner in the works.    Proposals set out in the National Security and...
    • 9 Aug 2018
  • Internal audit and academy schools

    Why quality assurance gets top marks Academies have a unique role in education. They are publicly funded but do not have follow the National Curriculum and they can set their own term times. They are still subject to Ofsted. And although they receiv...
    • 7 Aug 2018
  • The ICO sets out the new fees and registration rules applicable to Data Controllers

    In May 2018 the Data Protection Act 2018 introduced GDPR into UK law.  One of the many changes to data protection law was with regard to ICO registration and fees.  In this blog post we will explain how the new fee structure works and how i...
    • 7 Aug 2018
  • Building your cybersecurity defences

    Cybersecurity is a subject that comes up in the news on a very regular basis. Last year’s ransomware attack on 48 NHS trusts in England and 13 in Scotland with WannaCry or WannaDecryptor showed that no organisation was safe from cybercrime. Mor...
    • 3 Aug 2018
  • ICAEW Chart of the week

    July's heat wave has turned our thoughts away from the public finances  to the delights of the summer this week. Hot weather and blue skies. Sunbathing in the park. Ice-cream melting into a puddle. Swimming in open-air pools. Al fresco...
    • 25 Jul 2018
  • Worker Representation on Boards

    Recently I attended EY’s Summer Reception event where 3 speakers shared their experience of worker representation on boards. This week’s new Corporate Governance Code includes a principle on the importance of engagement with the workforc...
    • 20 Jul 2018
  • ICAEW Chart of the week

    With everything else going on this month, you may have missed today's publication of the Office for Budget Responsibility’s Fiscal Sustainability Report.  This sets out the government’s official long-term fiscal foreca...
    • 17 Jul 2018
  • We'd like to hear your views: ICAEW Probate Action Plan consultation now open

    We are now inviting responses to the consultation on our ICAEW Probate Action Plan for delivering greater transparency in the legal services market. The ICAEW Probate Action Plan has been developed in response to recommendations made by the Competiti...
    • 17 Jul 2018
  • 2018 so far in the Europe Region: a brief round-up

    In my previous blogs, I talked about building our community in Europe and our member engagement. The first half of this year has seen us developing initiatives to build our engagement with you – strengthening our support to member groups and in...
    • 13 Jul 2018
  • Remembering Julian Paleson – ICAEW’s first Brussels Director

    June saw the sad passing of Julian Paleson, ICAEW’s first director in Brussels – and a good friend. Julian was a very unique and unforgettable man. Everyone who met him, or was in the audience at one of his many speeches, enjoyed his incr...
    • 13 Jul 2018