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Blogs

  • My Final Overseas Engagements as ICAEW President

    As I understand it, the final few weeks of an ICAEW Presidency are traditionally a quiet affair, allowing the Office Holder to “wind down” their duties ahead of saying farewell. Well, I’ve certainly bucked that trend, travelling to ...
    • 4 Jun 2018
  • Practice Assurance webinar reduces follow-up actions by 66%

    We have launched a suite of new Practice Assurance (PA) resources to help firms interpret and follow the PA standards. These include Practice Assurance Principles 2018 which contains a summary of useful findings from our 2017 Practice Assurance visit...
    • 4 Jun 2018
  • ICAEW Chart of the week

    Ian Stewart's (the Chief Economist of Deloitte) excellent Monday Briefing last week on ‘300 years of public spending’ made for a fascinating read. Over a relatively short period, we have gone from a very small administration to ...
    • 4 Jun 2018
  • Changes to Investigation, Disciplinary, Appeal and Fitness Committees - effective 1 June 2018

    Amendments to the regulations governing the operation of the Investigation, Disciplinary, Appeal and Fitness Committees come into effect 1 June 2018. These technical changes have been made to update the regulations and clarify and streamline the disc...
    • 4 Jun 2018
  • The Realities of Business Performance Management

    In Business Performance Management Report 2 – working with tensions  we provide practical advice for finance professionals on how to help organisations succeed.  Leading on business performance management is challe...
    • 29 May 2018
  • ICAEW Chart of the week

    Last month, the caretaker government in Italy proposed a budget which forecast the elimination of Italy's fiscal deficit by 2021. The arrival of a radical new coalition government with plans to cut taxes and increase spending changes all that. Debt...
    • 23 May 2018
  • ICAEW Chart of the week

    Our chart this week provides an insight into why Stagecoach and Virgin decided to ‘hand back the keys’.  The East Coast franchise generated £247m in 2016-17, before a franchise payment to the Department of Transport of £...
    • 17 May 2018
  • Finding fraud through internal audit

    In the UK, internal audit is the most common means of discovering fraud. This was a key finding in a recent survey by Kroll with 48% of UK respondents in agreement. It also found that 97% of UK respondents had been affected by fraud in the past 12 mo...
    • 16 May 2018
  • ICAEW Chart of the week

    This week’s chart is perhaps the most interesting, if more complex ones, from our recent report ‘The debt of nations’. https://lnkd.in/gzWti9h Out of the 12 most indebted countries, it shows the UK has had the ...
    • 8 May 2018
  • ICAEW Chart of the week

    Our chart this week again comes from our recently published report: The debt of nations - definitely worth a read. The usual measure used to compare borrowing between countries is the ratio of net public debt to GDP.  We do not think ...
    • 1 May 2018
  • ICAEW Chart of the week

    Our chart this week is from our report ‘the debt of nations’ published last week which we hope will be a 'must-read' for anyone affected by how our governments manage public debt; in other words everyone.  Low interest rate...
    • 24 Apr 2018
  • Future proofing your SME

    That small and medium sized enterprises (SMEs) form an integral part of the UK’s economy is not in doubt. Of the 5.7m businesses in the UK, 99% are SMEs, accounting for more than 60% of all private sector employment. That SMEs are operating in ...
    • 20 Apr 2018
  • Two minute read: the FCA’s proposed improvements to  investment managers

    There has been an extensive amount of press about the UK investment management industry recently, including a lot of work by the Financial Conduct Authority, culminating in their Market Study Report. In early April, they published further informatio...
    • 19 Apr 2018
  • The debt of nations

    I’m very pleased to present our most recent addition to the Better Government Series: “The debt of nations”. Since 2001 there has been a dramatic increase in borrowing by governments to nearly £30 trillion, a tripling in...
    • 18 Apr 2018
  • Has trust in small and medium-sized businesses been damaged by the light-touch regulatory regime?

    Credibility is an increasingly scarce commodity these days, it seems. In the era of ‘fake news’, with the floodgates of misinformation open wide, it’s beginning to seem as though the problem might not be that audit is too onerous, b...
    • 17 Apr 2018
  • ICAEW Chart of the week

    This week’s chart is on the subject of debt. Public debt. This is the subject of a forthcoming report in the ICAEW’s Better Government Series, which examines the level of public debt around the world. It is not a pret...
    • 17 Apr 2018
  • Embracing digital transformation in SMEs

    Embracing technological change was a key theme running throughout the Chancellor’s latest Spring Statement. Among his announcements were: steps towards improving the UK’s digital connectivity with the first allocation of the first wave o...
    • 13 Apr 2018
  • Top 10 tips to transition from FC to FD

    We know from talking to chartered accountants climbing the career ladder that you find it relatively easy to gather the additional technical skills you need. Formal training or reading is most often the way you acquire them, because you know what you...
    • 13 Apr 2018
  • The Lord Mayor's Delegation to China

    I was recently invited to join the Lord Mayor of the City of London’s business delegation to China, along with a small array of senior figures from banking, insurance, legal and accountancy. The principle concerns of the delegation were to prom...
    • 11 Apr 2018
  • FSF two minute read: Europe's non-performing loans - behind the headlines

    10 years on from the  financial crisis non-performing loans (NPLs) still remain the key challenge for EU banks and their long term profitability.  The European Banking Authority (EBA) published its regular update of its risk dashboard,&nbsp...
    • 10 Apr 2018
  • ICAEW Chart of the week

    With international relations a little fractious currently and talk of a trade war in the press, this week's chart look at what is at stake in terms of the scale of global trade. Exports are certainly important to the major trading countrie...
    • 10 Apr 2018
  • Mind the Gap

    From office boardrooms to entertainment award ceremonies and social media platforms to corporate institutions, the hot topic is gender pay gaps.    What is the gender pay gap and why are we talking about it now?   From April 2017, leg...
    • 9 Apr 2018
  • ICAEW Chart of the week

    Our chart this week looks where the government gets its money, or at least the element that comes in in the form of income tax, which is expected to generate around £173bn in 2017-18. It is important to note that income tax cons...
    • 4 Apr 2018
  • ICAEW Chart of the week

    Following last week's chart on the changing profile of public spending, our chart this week shows how taxes have changed over the past sixty years. Despite income tax rates being lower, the overall share from taxes on income has actually increased. ...
    • 27 Mar 2018
  • Two minute read: Bank of England Stress Tests 2018

    Earlier this month the Bank of England released its scenario for the 2018 round of stress tests UK banks will undergo.  Importantly, the scenario remains the same as 2017. This is a one-off to allow banks capacity to deal with the complexi...
    • 26 Mar 2018