Dive into the complete episode list for Accountancy Insights. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.
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Pub. Date
Title
Duration
16 Feb 2022
ICAEW Insights In Focus: How do we tackle domestic modern slavery?
00:30:04
We take a look at the issue of domestic modern slavery, and how authorities and prosecutors look to build a case under the Modern Slavery Act. Before the Modern Slavery Act came into force in 2015, criminals would get a longer sentence for moving 3kg of cocaine than for trafficking 300 people. It is a critical piece of legislation in tackling modern slavery in the UK, where it is still a significant issue.
Businesses are feeling considerable pressure as a result of rising inflation, supply chain issues, and other spiralling costs. Some struggle to find the workers they need. This could mean greater bargaining power for workers; equally it could mean greater numbers of people being coerced.
In challenging times, some people are willing to push, and breach, the limits to succeed, or simply survive. Such conditions can also heighten the risk of modern slavery, and Chartered Accountants need to be aware of the risks and know what to look out for.
Host: Philippa Kelly, Director of Financial Services, ICAEW
Guests: - Caroline Haughey OBE QC, barrister, Furnival Chambers, who prosecuted the very first case brought under the Modern Slavery Act; - Laura Thomas, Senior Prevention and Partnerships Officer of the Gangmasters and Labour Abuse Authority (the GLAA); and - Dipak Vashi, Sustainability Manager at ICAEW.
Episode published: 15 February 2022 Podcast recorded: 8 February 2022
28 Feb 2022
ICAEW Insights: Digital assets and inflation issues
00:20:16
On the latest ICAEW Insights podcast, we speak to Jamie Bartlett, author and presenter about the importance of digital assets.
These assets can include NFTs, cryptocurrencies and prizes email addresses and social media handles. What happens to them when we die? Jamie discusses how to look after your digital shadow.
Then, Sunday Times Economics Editor and author David Smith discusses the conditions that have created the rising inflation we’re seeing in the UK. Are those conditions easing? What will this mean for the cost of living? What’s the impact of the Great Resignation? Who suffers most from high inflation?
Links to resources on topics discussed in the show:
Episode first published: 28 February 2022 Podcast recorded: 21 February 2022
21 Mar 2022
ICAEW Insights In Focus: Death and digital assets
00:40:12
In this Insights in Focus episode, we look at what happens to your digital assets after you die.
A large proportion of our lives are now lived online. The digital footprint of the average person on the street is getting bigger and bigger. Some of that includes assets that we really value, both from an emotional and financial perspective. Journalist and author Jamie Bartlett looks to answer the question: what happens to those assets when we die, and what do we need to consider?
Catherine Mayer understands how hard it can be to deal with a loved one’s digital assets. When her husband, Andy Gill, guitarist from the band Gang Of Four, died in 2020, his death trended on Twitter. Getting hold of his digital assets and accounts has been an uphill battle. She speaks about her experiences and what she’s learned from them.
Then Elaine Kasket, Bereavement Lead at the Digital Legacy Association and author of All the Ghosts in the Machine, explains the various complexities of people’s digital afterlife. David Lyford-Tilley, ICAEW’s Technical Manager, Tech and the Profession, gives a technology and legal perspective on how to manage your digital legacy.
Host: Jamie Bartlett, technology journalist and author
Guests: - Catherine Mayer, activist, journalist, co-founder of Women’s Equality Party and Primadonna Festival, author, 'Good Grief: Embracing Life at a Time of Death'. - Elaine Kasket, psychologist, Bereavement Lead at the Digital Legacy Association, author, 'All the Ghosts in the Machine: The Digital Afterlife of Your Personal Data'. - David Lyford-Tilley, Technical Manager, Tech and the Profession.
Episode published: 22 March 2022 Podcast recorded: 11 March 2022
29 Mar 2022
ICAEW Insights: Economic crime, Russia/Ukraine and the Spring Statement
00:31:08
The horrific situation in Ukraine has had wide-ranging impacts and implications across the world, not least the fight against economic crime.
In the UK, this is a huge undertaking. Will the new Economic Crime Act make a difference? Solicitor and economic crime specialist Matt Corn discusses the climate for economic crime in the UK and how the new Act will work in the context of existing UK law.
Last week, the Chancellor Rishi Sunak delivered his Spring Statement with expectations high for measures to lessen the pain of inflation, rising energy and fuel costs, and the larger cost of living crisis. Did he do enough?
Frank Haskew, Head of Taxation Strategy, Tax for ICAEW, analyses the Chancellor’s decisions and discusses the implications of high inflation.
Guests: - Matt Corn, economic crime specialist solicitor, Olliers. - Frank Haskew, Head of Taxation Strategy, Tax, ICAEW.
Producer: Natalie Chisholm
Episode first published: 30 March 2022 Podcast recorded: 24 March 2022
07 Jun 2022
ICAEW Insights: Levelling up - data and devolution
00:23:48
On the latest ICAEW Insights podcast, we speak to Ed Humpherson, Director General of The Office for Statistics Regulation about the importance of data for the Levelling Up agenda.
The levelling up agenda aims to bring a better balance to the UK economy, but this is no easy undertaking, involving huge infrastructure projects and changes to everything from tax to devolution to regional funding. Ed discusses the importance of good data in moving the Levelling up agenda, where the critical gaps lie, and how statistics can be used to monitor and measure progress.
Then, ICAEW’s Head of Taxation Strategy Frank Haskew discusses the possibilities for the further devolution of tax, in light of Levelling up. He weighs up the pros and cons of what is a complex and divisive issue.
Guests: - Ed Humpherson, Director General of The Office for Statistics Regulation. - Frank Haskew, Head of Taxation Strategy, ICAEW.
Producer: Natalie Chisholm
Episode first published: 7 June 2022 Podcast recorded: May 2022
30 Jun 2022
ICAEW Insights In Focus: What are the issues with tackling fraud?
00:21:30
In this Insights In Focus episode, we take a look at the upward trend in instances of fraud: what factors make it easier for fraudsters, and what can the profession do about it?
Instances of fraud have been on the rise since 2019, particularly during the pandemic, as economic criminals exploited new weaknesses created as a result of the rapid introduction of COVID-19 measures.
Last month, the UK government issued its feedback statement on audit and corporate governance reform, which outlined how auditors and businesses should monitor and respond to potential instances of fraud.
What’s the real picture when it comes to the prevalence of fraud? We look at the common types of fraud, the challenges of trying to combat it, the red flags that accountants might come across, and how professionals should respond.
Host: Philippa Lamb
Guests: - Arun Chauhan, founder of Tenet Law and Fraud Advisory Panel trustee. - Chris Osborne, partner and head of the forensic services team, FRP.
Episode published: 5 July 2022 Podcast recorded: 27 June 2022
13 Jul 2022
ICAEW Insights: The pain – and potential gains – of rising inflation
00:19:58
On the latest ICAEW Insights podcast, we speak to Martin Wheatcroft about rising inflation and what that means for businesses, plus capital allowances reforms.
Inflation is rising at a record pace across the world, triggered by the COVID-19 pandemic and exacerbated by a perfect storm of world events, including the war in Ukraine. We explore the impacts of this, both negative and positive, and what it might mean for public finances.
We also take a look at the government’s plans for capital allowance reforms. As the end of the superdeducton approaches, the UK government is considering reforms to capital allowances to support and encourage business investment. ICAEW has responded to the government plans. Richard Jones from ICAEW’s Tax Faculty to discuss this and the ongoing delays to R&D processing.
Guests: - Martin Wheatcroft, financial strategy consultant - Richard Jones, ICAEW’s technical manager, business tax
Producer: Natalie Chisholm
Episode first published: 14 July 2022 Podcast recorded: June 2022
18 Jul 2022
ICAEW Insights In Focus: Recession? What recession? Time for business to stop worrying and start investing
00:34:05
In this special edition of Insights In Focus, Iain Wright, ICAEW’s Managing Director, Reputation and Influence is joined by Kitty Ussher, Chief Economist at the Institute of Directors, and Suren Thiru, ICAEW’s Director, Economies.
Talking on the morning that UK GDP figures for May were released showing an unexpected return to economic growth, Kitty and Suren both tell Iain why managers and business owners should be more confident in the economy’s medium-term health. Inflation rates are likely to come back within a manageable margin by next year, and the fundamentals of the UK economy are in better shape than many business leaders think.
As Kitty points out, “Everyone’s feeling worried at the moment. That means your competitors are also feeling worried. And so if you think the fundamentals of your business are actually okay … then you should be investing for your future because it may be that your competitors are too nervous to do so.”
Beyond advising everyone to stop worrying, the team also discuss why the labour market is so hot, how the government should help ease the staff shortages so many businesses face, and what changes to economic policy will really make a difference to the UK’s companies.
And finally, when we have a new Conservative government eight weeks from now, what would Kitty and Suren advise the next Chancellor to focus on. Would you agree?
Guests - Kitty Ussher, Chief Economist at the Institute of Directors - Suren Thiru, Director, Economies, ICAEW
Host Iain Wright, Managing Director, Reputation and Influence, ICAEW
Episode first published: 18 July 2022 Podcast recorded: 13 July 2022
21 Jul 2022
ICAEW Insights In Focus: Levelling Up won’t leave with Boris, and the big opportunity ahead
00:42:53
In this special edition of Insights In Focus, Iain Wright, ICAEW’s Managing Director, Reputation & Influence, is joined by Majeed Neky, Head of Policy, Levelling Up Taskforce at the Department for Levelling Up, Housing and Communities, Gill Morris, Chief Executive, Devo Connect and Sarah Longlands, Chief Executive, Centre for Local Economic Strategies.
In the interregnum between Boris Johnson’s resignation speech and a new leader taking over, it’s easy to declare an end to the Conservatives’ flagship Levelling Up policy. But Majeed and Gill are quick to tell Iain how unlikely that is. As Majeed points out: “The diagnosis of the problem is very difficult to argue with, it’s going to be a priority under a government of whatever stripe.”
Regional inequality has been a blight on the UK population and economy for over a century and generations of politicians have struggled with the issue. As the guests point out, the analysis in February’s White Paper comprehensively detailed a lot of the problem. The much harder bit, of course, is solving it. Our guests discuss the importance of devolving decision-making away from Westminster – and why that is likely to continue – the huge role that business, R&D, new jobs and new skills will play in creating a better, more balanced economy and the opportunities that will create across the country. Finally, they outline why chartered accountants have a crucial job to do.
They also discuss the biggest benefits of getting this right: the UK lags behind many of its G7 counterparts on inequality. This is a debilitating state of affairs. In some parts of the country – one of the richest in the world – life expectancy is falling. A baby born in Blackpool tomorrow is not only likely to have a considerably shorter life than a baby born tomorrow in Wokingham, but is also likely to spend twice the amount of its life in ill health. Time for us all to help build a better economy, whatever slogan is attached to it.
Guests - Majeed Neky, Head of Policy, Levelling Up Taskforce at the Department for Levelling Up, Housing and Communities - Gill Morris, Chief Executive, Devo Connect - Sarah Longlands, Chief Executive, Centre for Local Economic Strategies
Episode first published: 22 July 2022 Podcast recorded: 13 July 2022
11 Aug 2022
ICAEW Insights: How to fix the airline industry
00:34:58
On the latest ICAEW Insights podcast, we explore the problems facing the aviation sector with experts Matthew Davy, director at Strategy& UK, and Eleni Kaloyirou, CEO of Hermes Airports, Cyprus.
The panel discuss the business drivers behind this summer’s flight woes, including the effects of ongoing staff shortages. Plus, we examine the long-term pressures facing the industry as passenger travel finds new equilibrium following the pandemic.
We then meet ICAEW climate change executive Sarah Reay to hear how aviation is taking its first steps towards a greener future, as well as how the Institute is supporting members on their own climate journeys.
Guests: - Matthew Davy, Director, Strategy& UK (PwC) - Eleni Kaloyirou, CEO, Hermes Airports - Sarah Reay, Climate Change Executive, ICAEW
Producer: Natalie Chisholm
Episode first published: 11 August 2022 Podcast recorded: 8 August 2022
31 Aug 2022
ICAEW Insights In focus: How to bring a business back from the brink
00:25:22
In this Insights In Focus episode, we explore the multifaceted role of the insolvency professional by hearing from both practitioner and client.
Fraser Dick, managing director of Perfection Alloys, shares how the technical and emotional support of Tyrone Courtman, partner at RSM UK Restructuring Advisory, steered the business away from insolvency and towards recovery.
Tyrone goes on to explain his process for assessing the viability of businesses experiencing difficulties; and what motivated him to specialise as an insolvency professional early in his career.
It’s a timely discussion as insolvencies continue to surge, having tripled from January 2021 to March 2022, and further pressures are expected to press down upon UK businesses.
Tyrone Courtman, partner, RSM UK Restructuring Advisory
Fraser Dick, managing director, Perfection Alloys
Producer: Ed Adams
Episode first published: 31 August 2022 Podcast recorded: 25 August 2022
07 Sep 2022
ICAEW Insights: The PM’s first 100 days - what needs to happen?
00:34:17
On the latest ICAEW Insights podcast, we discuss the economic challenges facing new Prime Minister Liz Truss, and the policy commitments made during the summer’s campaign trail.
The Prime Minister has a sizeable in-tray to tackle. Stalling growth and rising inflation have led to warnings of economic stagnation for the UK. The energy crisis and industrial action this coming winter complicate matters, too.
It leaves little wiggle room for policymaking at Number 10, but the Prime Minister has promised to enact tax cuts and hinted at sweeping regulatory reforms.
Host Philippa Lamb discusses what the first 100 days of Liz Truss’s leadership may look like with ICAEW experts Suren Thiru, Iain Wright and Richard Jones.
Episode first published: 8 September 2022 Podcast recorded: 6 September 2022
05 Oct 2022
ICAEW Insights In Focus: Surviving the cost-of-doing-business crisis
00:32:04
In this Insights in Focus episode, we discuss the major challenges facing UK businesses, including energy costs, recruitment and retention of staff, and wage inflation.
Recent headlines haven’t made easy reading. A recession looms, inflation continues to rise, and sterling plunged following the ‘mini-Budget’ on 23 September.
Understandably, businesses are nervous. ICAEW’s Business Confidence Monitor for Q3 2022 found business sentiment turning negative for the first time since late 2020. Businesses in all sectors and regions reported a ‘cost-of-doing-business’ crisis.
To explore what comes next, host Philippa Lamb is joined by Simon Gray, ICAEW Head of Business, and Katy Davies, Managing Director at manufacturer CamdenBoss.
ICAEW energy crisis hub https://www.icaew.com/technical/economy/energy-crisis
ICAEW Business Confidence Monitor https://www.icaew.com/technical/economy/economic-insight/business-confidence-monitor-national
ICAEW analysis and reaction to the mini-Budget https://www.icaew.com/technical/Economy/fiscal-event-september-2022
Host Philippa Lamb
Guests Simon Gray, Head of Business, ICAEW Katy Davies, Managing Director, CamdenBoss
Producer Natalie Chisholm
Episode first published: 6 October 2022 Podcast recorded: 29 September 2022
12 Oct 2022
ICAEW Insights: Making sense of Russia, M&A and conflicts of interest
00:28:18
On the latest ICAEW Insights podcast, we explore how accountants can go about approaching some of the year’s most challenging professional issues.
World events have moved quickly this year. Successive waves of sanctions against Russia and the return of M&A activity – as well as the subsequent spike in conflict-of-interest queries – have meant that accountants are increasingly needing to make sense of grey areas.
With accountants typically used to being the ones with the answers, who assists them when the path forward is unclear? Enter the ICAEW Technical and Ethics helpdesk.
Host Philippa Lamb is joined by David Stevens and Cerys Freemantle, professional consultants at the helpdesk, to make sense of these tricky topics and provide advice on next steps where there is no clear right answer.
Links ICAEW Technical and Ethics helpdesk https://www.icaew.com/membership/support-throughout-your-career/technical-and-ethics-support
ICAEW Ukraine crisis central resource hub https://www.icaew.com/insights/insights-specials/ukraine-crisis-central-resource-hub
ICAEW guidance on the UK’s ban of the provision of accountancy services to Russia https://www.icaew.com/regulation/aml-supervision/aml-resources/guidance-on-the-uk-ban-of-the-provision-of-accountancy-services--to-russia
ICAEW client screening service https://www.icaew.com/library/guide-to-services/client-screening
ICAEW guidance: Identifying and managing conflicts https://www.icaew.com/-/media/corporate/files/technical/ethics/icaew-guidance-identifying-and-managing-conflicts.ashx?la=en
Host Philippa Lamb
Guests David Stevens, professional consultant, ICAEW Cerys Freemantle, professional consultant, ICAEW
Producer Natalie Chisholm
Episode first published: 13 October 2022 Podcast recorded: 6 October 2022
19 Oct 2022
ICAEW Insights In Focus: Protecting SMEs against cyber criminals
00:16:54
In this Insights In Focus episode, we explore why SMEs are tempting targets for cyber criminals, and what can be done to protect smaller firms against attacks.
Databases full of sensitive client information are a huge draw for cyber criminals and there are signs that attackers know all about the yearly rhythm of an accountant’s work, waiting until busy seasons to strike.
The cost of a successful attack can be huge. The immediate financial impact alone can be devastating, but the reputational and emotional costs can be even longer lasting. So what can be done to improve cyber security?
Host Philippa Lamb is joined by Jessica Pillow, director of Pillow May Accountancy which experienced a cyber attack, and Richard Jackson, partnerships manager at security experts Moore ClearComm.
Guests Jessica Pillow, director, Pillow May Accountancy Richard Jackson, partnerships manager, Moore ClearComm
Producer Natalie Chisholm
Episode first published: 20 October 2022 Podcast recorded: 17 October 2022
02 Nov 2022
ICAEW Insights: The energy crisis – what can businesses do?
00:25:40
On the latest ICAEW Insights podcast, we discuss the impact of the energy crisis on how businesses are sourcing their energy as well as planning for the longer term.
With government support for business energy bills only lasting six months, many firms are looking at securing their own energy supply. We learn what some of the options are – and whether the benefits of going ‘off grid’ outweigh the upfront costs.
There are also fears that the scramble to regain control of energy supply and pricing will lead to net-zero commitments being forgotten or delayed. And as fracking returns to the public debate, we explore whether the use of fossil fuels can be minimised at a time of national crisis.
Host Philippa Lamb is joined by Suresh Aggarwal, Director of serviced office provider Airvovo; energy solutions expert Mark Kissack of Kissack Advisory; and Matthew Clayton, Managing Director of Thrive Renewables.
Links ICAEW cost of doing business hub https://www.icaew.com/technical/economy/cost-of-doing-business
ICAEW energy crisis hub https://www.icaew.com/technical/economy/energy-crisis
ICAEW Business Advice Service https://www.icaew.com/about-icaew/find-a-chartered-accountant/icaew-business-advice-service
Host Philippa Lamb
Guests Suresh Aggarwal, Director, Airvivo Flexible Office Space Mark Kissack, Kissack Advisory Matthew Clayton, Managing Director, Thrive Renewables
Producer Natalie Chisholm
Episode first published: 3 November 2022 Podcast recorded: 31 October 2022
16 Nov 2022
ICAEW Insights In Focus: Countdown to ISQM 1 – is your practice ready?
00:28:46
In this Insights In Focus special episode, we discuss the rollout of the International Standard on Quality Management (ISQM) and what firms need to do before ISQM 1 is implemented on 15 December 2022.
The aim of ISQM is to raise audit quality and encourage practitioners to think about the risks that may affect their work. But the imminent arrival of ISQM 1 has the potential to be tricky and time-consuming for practices – perhaps even prohibitively so at a time of economic uncertainty and volatility.
Host Iain Wright, ICAEW Managing Director, Reputation and Influence, discusses how firms and practitioners can navigate these issues with Louise Sharp, ICAEW Senior Technical Manager in Audit and Assurance; Catherine Hardinge, Technical Partner at Price Bailey; and Peter Hollis, owner of Hollis & Co.
Links ICAEW Quality management in audit firms hub https://www.icaew.com/technical/audit-and-assurance/audit/quality-management-in-audit-firms
ICAEW Overview of standards https://www.icaew.com/technical/audit-and-assurance/audit/quality-management-in-audit-firms/overview-of-standards
ICAEW Getting started with ISQM 1 https://www.icaew.com/technical/audit-and-assurance/audit/quality-management-in-audit-firms/getting-started-with-isqm-1
ICAEW ISQM 1: recommended resources and tips https://www.icaew.com/insights/viewpoints-on-the-news/2022/Sept-2022/ISQM-recommended-resources-and-tips-Dec-15-deadline
ICAEW ISQM 1 implementation: a sole practitioner approach https://www.icaew.com/insights/viewpoints-on-the-news/2022/oct-2022/ISQM-1-implementation-a-sole-practitioner-approach
Host Iain Wright
Guests Catherine Hardinge, Partner, Technical, Price Bailey Peter Hollis, owner and Principal, Hollis & Co Louise Sharp, Senior Technical Manager, Audit and Assurance, ICAEW
Producer Ed Adams
Episode first published: 16 November 2022 Podcast recorded: 11 November 2022
21 Nov 2022
ICAEW Insights In Focus: How a board should maintain the right culture during periods of fast growth
00:26:37
Our panel talk through the situation and provide their advice on how a board might manage a situation like this. The conversation has pointers not only for senior managers and board members who might face a similar situation but also for anyone who aspires to be in senior roles in the future.
Host Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW, discusses the dilemma with Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science, and Janet Williamson, Senior Policy Officer for Corporate Governance and Capital Markets at Trades Union Congress.
Guests Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science
Janet Williamson, Senior Policy Officer for Corporate Governance and Capital Markets at Trades Union Congress
Producer Ed Adams
Episode first published: 21 November 2022
Podcast recorded: 3 November 2022
25 Nov 2022
ICAEW Insights In Focus: How a Board should balance major strategic issues with staff retention and wellbeing
00:25:41
We hear an update from the CFO about how advanced the company’s merger plans are and how this will secure their future in a competitive industry dominated by far larger global players. But the HR director has more worrying news about the numbers of staff that are quitting the company, especially the large amount of trainees leaving before they complete their training contracts. There are also concerns about stock pilfering and a largely blue-collar workforce who are struggling with the cost of living crisis. Despite the merger promising a bright future, the board can’t ignore either employee retention problems or wider issues around how to support their workforce through difficult times.
Our panel talk through the situation and provide their advice on how a board might manage a situation like this. The conversation has pointers not only for senior managers and board members who might face a similar situation but also for anyone who aspires to be in senior roles in the future.
Host Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW discusses the dilemma with Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science, Janet Williamson, Senior Policy Officer for Corporate Governance and Capital Markets at Trades Union Congress, and Leo Martin, Founder and Director, Good Corporation.
Links For more on ICAEW’s major content series on boards and corporate governance www.icaew.com/newboardagenda
Host Peter van Veen
Guests Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science
Janet Williamson, Senior Policy Officer for Corporate Governance and Capital Markets at Trades Union Congress
Leo Martin, Founder and Director, Good Corporation.
Producer Ed Adams
Episode first published: 25 November 2022
Podcast recorded: 3 November 2022
30 Nov 2022
ICAEW Insights In Focus: How will quantitative tightening affect the UK economy?
00:26:25
In this Insights In Focus episode, we explore the Bank of England’s recent policy switch from quantitative easing to quantitative tightening.
The Bank of England has been supporting the UK economy by buying government bonds since 2009. The policy has been a stabilising force through successive economic shocks: the global financial crisis, the euro crisis, the Brexit vote and, most recently, the COVID-19 pandemic.
Now, the Bank of England is on a mission to reduce inflation, raising interest rates and beginning to sell the £895bn of government bonds that sit on its balance sheet. But how much should be sold and how soon?
Host Philippa Lamb discusses the role that QE has played within the economy, and the process of quantitative tightening, with Reuben Wales, ICAEW Head of Financial Services; Martin Wheatcroft, external adviser on public finances to ICAEW; and Michael Saunders, economist and member of the Monetary Policy Committee from 2016 until very recently.
Guests Michael Saunders, Monetary Policy Committee member, 2016-2022 Reuben Wales, ICAEW Head of Financial Services Martin Wheatcroft, external adviser on public finances to ICAEW
Producer Natalie Chisholm
Episode first published: 30 November 2022
Podcast recorded: 23 November 2022
07 Dec 2022
ICAEW Insights In Focus: What’s in the second Economic Crime Bill?
00:21:17
In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament.
The Bill follows the Economic Crime Act, which became law in March. That legislation was fast tracked in response to the Russian invasion of Ukraine and included a raft of measures to sever economic ties with Russia. Now, this new Bill aims to bring about wider changes on how financial information is gathered and shared in the UK.
Reforming Companies House is front and centre. As registrar of companies, the aim is to make it more active in spotting misbehaviour and in working with law enforcement. So what will that mean for chartered accountants as reporting and filing requirements for companies change and what else is in the Bill?
Philippa Lamb discusses the Bill with ICAEW’s Head of Corporate Reporting Policy Sally Baker, Paul Brehony, Partner at Signature Litigation, and Edmund Smyth, Partner at Kingsley Napley.
Links Economic Crime Bill 2: what it means for you https://www.icaew.com/insights/viewpoints-on-the-news/2022/oct-2022/economic-crime-bill-2-what-it-means-for-you
Paul Brehony on what EC Bill 2 means for accountants https://www.signaturelitigation.com/paul-brehony-and-kate-gee-discuss-what-the-new-economic-crime-bill-means-for-accountants-and-company-directors-in-accountancy-daily/
Edmund Smyth’s review of the Bill https://www.kingsleynapley.co.uk/insights/blogs/criminal-law-blog/the-economic-crime-and-transparency-bill-a-mixed-bag
Host Philippa Lamb
Guests Sally Baker, Head of Corporate Reporting Policy, ICAEW Paul Brehony, Partner, Signature Litigation Edmund Smyth, Partner, Kingsley Napley
Producer Natalie Chisholm
Episode first published: 7 December 2022 Podcast recorded: 28 November 2022
15 Dec 2022
ICAEW Insights In Focus: Untangling the events and impacts of 2022
00:38:05
In this Insights In Focus episode, we review the major events of 2022 and their contribution to ongoing economic uncertainty.
Despite inflation already beginning to rise, the year began with optimism, as tracked by the ICAEW Business Confidence Monitor. But events moved quickly and the effects of the invasion of Ukraine in February and successive political crises back home have challenged the resilience of businesses and individuals alike.
With Rishi Sunak and Jeremy Hunt now installed in Numbers 10 and 11, the year is closing with the new government’s promise of ‘Big Bang 2.0’ – a package of post-Brexit legislation designed to boost the financial services sector. But how far-reaching are the reforms and will they sufficiently differentiate the UK from Europe’s major financial hubs?
Host Philippa Lamb is joined by Frances Haque, Chief Economist at Santander UK; Iain Wright, ICAEW Managing Director, Reputation and Influence; and David Williamson, Political Editor at the Sunday Express.
Links ICAEW Business Confidence Monitor https://www.icaew.com/technical/economy/economic-insight/business-confidence-monitor-national
ICAEW Ukraine crisis: central resource hub https://www.icaew.com/insights/insights-specials/ukraine-crisis-central-resource-hub
ICAEW cost of doing business hub https://www.icaew.com/technical/economy/cost-of-doing-business
ICAEW energy crisis hub https://www.icaew.com/technical/economy/energy-crisis
Host Philippa Lamb
Guests Iain Wright, Managing Director, Reputation and Influence, ICAEW David Williamson, Political Editor, Sunday Express Frances Haque, Chief Economist, Santander UK
Producer Natalie Chisholm
Episode first published: 15 December 2022 Podcast recorded: 8 December 2022
03 Jan 2023
ICAEW Insights: What can we expect from 2023?
00:25:31
On the latest ICAEW Insights podcast, we look ahead to what 2023 might hold for the UK economy and the work of finance professionals.
While 2020 and 2021 were dominated by the need to mitigate the effects of the pandemic, 2022 posed new challenges. Economic and political pressures collided at home and abroad, resulting in significant uncertainty that is set to also define the year ahead.
Many of the economic trends that dominated 2022 – rising inflation, rising interest rates and stalling growth – are expected to continue. But questions remain about their duration and effects. And, of course, there are sure to be some surprises along the way.
Host Philippa Lamb is again joined by Frances Haque, Chief Economist at Santander UK; Iain Wright, ICAEW Managing Director, Reputation and Influence; and David Williamson, Political Editor at the Sunday Express.
Links ICAEW Business Confidence Monitor https://www.icaew.com/technical/economy/economic-insight/business-confidence-monitor-national
ICAEW Ukraine crisis: central resource hub https://www.icaew.com/insights/insights-specials/ukraine-crisis-central-resource-hub
ICAEW cost of doing business hub https://www.icaew.com/technical/economy/cost-of-doing-business
ICAEW energy crisis hub https://www.icaew.com/technical/economy/energy-crisis
Host Philippa Lamb
Guests Iain Wright, Managing Director, Reputation and Influence, ICAEW David Williamson, Political Editor, Sunday Express Frances Haque, Chief Economist, Santander UK
Producer Natalie Chisholm
Episode first published: 3 January 2023 Podcast recorded: 8 December 2022
25 Jan 2023
ICAEW Insights: How can accountants make sense of crypto?
00:23:48
In this Insights In Focus episode, we discuss the pros and cons of crypto and its impact on the work of finance professionals.
The collapse of crypto exchange and hedge fund FTX in December took $8bn of its customers’ money with it and raised fresh questions about the sector. Fans claim crypto will revolutionise how businesses and customers interact and, potentially, democratise the global flow of money. For detractors, the sector is little more than an unregulated casino, rife with opportunities for investors to lose their money.
Finance professionals are caught in the middle. So, where could or should crypto go next? And how significant might the sector become?
Host Philippa Lamb is joined by Paul Munson, Head of Financial Crime at social investment app Shares; Esther Mallowah, ICAEW Head of Technology Policy; and Vivienne Artz of the data privacy expert group, Global Coalition to Fight Financial Crime.
Links ICAEW Blockchain and crypto assets hub https://www.icaew.com/technical/technology/blockchain-and-cryptoassets
Guests Esther Mallowah, Head of Technology Policy, ICAEW Paul Munson, Head of Financial Crime, Shares Vivienne Artz, Co-chair, Data Privacy Expert Group, Global Coalition to Fight Financial Crime
Producer Ed Adams
Episode first published: 26 January 2023 Podcast recorded: 23 January 2023
14 Feb 2023
ICAEW Insights In Focus: How should a board approach exec pay and what are the risks of getting it wrong?
00:31:40
In this special Insights In Focus episode, we discuss the thorny and often contentious topic of executive pay.
The highly experienced panel doesn’t ignore the most common exec pay conversation – the eye-watering amounts sometimes paid to senior managers – but the discussion doesn’t stop there either. We hear first about the growing use of ESG metrics in assessing executives’ performance and rewarding them accordingly, and whether this is a good idea.
The panel then moves on to discuss the pressures on businesses to strike the right approach to exec pay, including from the chair of the remuneration committee at listed asset manager, Liontrust, and the risks of getting executive compensation decisions wrong. The conversation has pointers not only for senior managers and board members who might face a similar situation but also for anyone who aspires to be in senior roles in the future.
Host Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW discusses the topic with Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science and author of a recent book: “If You’re So Ethical, Why are You so Highly Paid?”, George Yeandle, FCA, Non-Executive Director at Liontrust Asset Management plc and Chair of the Remuneration Committee, and Luke Hildyard, Director at the High Pay Centre, a think tank focused on pay and governance.
Links: For more on ICAEW’s major content series on boards and corporate governance icaew.com/newboardagenda
Host: Peter van Veen
Guests: -Sandy Pepper, Emeritus Professor of Management Practice at the London School of Economics and Political Science -George Yeandle, FCA, Non-Executive Director at Liontrust Asset Management plc and Chair of the Remuneration Committee -Luke Hildyard, Director at the High Pay Centre
Producer: Guy Ruddle
Episode first published: 16 February 2023 Podcast recorded: 2 February 2023
15 Feb 2023
ICAEW Insights: Carillion five years on – can we regulate ‘good’ judgement?
00:31:55
On the latest ICAEW Insights podcast, we consider the future of audit – and the impact of the government’s proposed reforms on professionals in the sector.
It has now been five years since Carillion was liquidated, leaving behind debts of £7bn and the taxpayer a bill for £150m. The collapse of the construction services giant increased scrutiny on audit and corporate reporting, raising questions over whether present frameworks are fit for purpose.
After commissioning several reviews, the government finally announced its plan for the sector in 2022, seeking to curb the market dominance of the Big Four and create a new regulatory body with enhanced powers. But will the measures achieve their goals? And how should audit professionals think about their role in this new context?
To consider those questions and more, host Philippa Lamb is joined by Sir Andrew Likierman, former Dean and now Professor of Management Practice in Accounting at the London Business School; sector expert Andrew Ratcliffe; Mark Babington, Executive Director of Regulatory Standards at the Financial Reporting Council; and ICAEW Managing Director, Reputation and Influence, Iain Wright.
Sir Andrew Likierman, former Dean and Professor of Management Practice, London Business School
Andrew Ratcliffe, Non-Executive Director, Barclays Bank UK
Mark Babington, Executive Director of Regulatory Standards, Financial Reporting Council
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Producer
Natalie Chisholm
Episode first published: 16 February 2023
Podcast recorded: 13 February 2023
02 Mar 2023
ICAEW Insights In Focus: How is HMRC digitalising taxation?
00:29:52
In this special ‘Insights In Focus’ episode, we discuss the ways in which HMRC is using digital technology to influence tax calculation and collection.
The UK’s first electronic tax return was filed in 1997. Since then, technology has dramatically transformed the calculation of tax, the filing of forms and the way that HMRC and tax authorities abroad receive and use data.
The pace and scale of change is only set to accelerate in the years ahead. So how does HMRC anticipate harnessing digital technology beyond the ongoing rollout of Making Tax Digital?
To find out more, host Paul Aplin is joined by Joanna Rowland, HMRC Director General of Transformation, and Jonathan Athow, HMRC Director General of Customer Strategy and Tax Design.
Joanna Rowland, Director General, Transformation, HMRC
Jonathan Athow, Director General, Customer Strategy and Tax Design, HMRC
Producer
Natalie Chisholm
Episode first published: 3 March 2023 Podcast recorded: 1 February 2023
02 Mar 2023
ICAEW Insights In Focus: How accountancy can win the talent war
00:36:29
In this ‘Insights In Focus’ episode, we discuss ways to attract and retain talent in the accounting profession.
Last year saw the UK accountancy sector’s graduate intake fall for the first time since 2008. Meanwhile, job applications across the sector fell by more than a third, compared with 2021.
While the numbers have coincided with significant economic challenges, questions remain about how accountancy is perceived as a profession – and, in particular, whether it is seen to offer a rewarding career over the long term.
Host Philippa Lamb discusses the issues with Gillian Woolman, Audit Director at Audit Scotland; Dave Payne, Head of Access and Volunteer Programmes at ICAEW; and Jackie Crane, an ICAEW member who chose to leave accountancy.
Dave Payne, Head of Access and Volunteer Programmes, ICAEW
Jackie Crane, ICAEW member and former practising accountant
Producer
Natalie Chisholm
Episode first published: 3 March 2023 Podcast recorded: 23 February 2023
16 Mar 2023
ICAEW Insights: Budget 2023 - a hope or hindrance for business?
00:34:40
On the latest ICAEW Insights podcast, we explore the contents of the 2023 Spring Budget and the likely impacts on UK businesses and the work of finance professionals alike.
Coming only five months after Chancellor Jeremy Hunt’s Autumn Statement, which hastily course-corrected from September 2022’s ‘fiscal event’, the Spring Budget was expected to be a quieter affair.
Going beyond the headlines, host Iain Wright is joined again by Frances Haque, Chief Economist at Santander UK, and David Williamson, Political Editor at the Sunday Express, to discuss Wednesday’s announcements.
David Williamson, Political Editor, Sunday Express
Frances Haque, Chief Economist, Santander UK
Producer
Natalie Chisholm
Episode first published: 17 March 2023 Podcast recorded: 16 March 2023
31 Mar 2023
ICAEW In Focus: What's the problem with local audit?
00:26:18
In this Insights In Focus episode, we discuss the effectiveness of local authority audit and assurance.
Many local authorities are facing a difficult financial situation, with pressure to deliver services at a time of stretched resources. There are also questions regarding the timely delivery and usefulness of their audited accounts – and whether councillors require financial training to support decision making.
Host Philippa Lamb discusses the issues with Meg Hillier MP, Chair of the Public Accounts Committee; James Jamieson, Chair of the Local Government Association; and Alison Ring, Director of Public Sector and Taxation at ICAEW.
James Jamieson, Chair, Local Government Association
Alison Ring, Director, Public Sector and Taxation, ICAEW
Producer
Natalie Chisholm
Episode first published: 3 April 2023 Podcast recorded: 24 March 2023
05 Apr 2023
ICAEW Insights: ChatGPT, corporation tax and FRED 82
00:24:49
On the latest ICAEW Insights podcast, we examine how recent developments are affecting the accountancy profession.
This month, we discuss the responsible use of generative artificial intelligence tools such as ChatGPT; the impact of rising corporation tax and changing R&D credits; and how to get involved in the FRED 82 consultation on UK GAAP.
Philippa Lamb is joined by the experts at ICAEW to learn more: Sally Baker, Head of Corporate Reporting Policy; Lindsey Wicks, Technical Editor; and John Pearce, Director of Digital and Publishing.
Sally Baker, Head of Corporate Reporting Policy, ICAEW
Lindsey Wicks, Technical Editor, ICAEW
John Pearce, Director, Digital and Publishing, ICAEW
Producer
Natalie Chisholm
Episode first published: 6 April 2023 Podcast recorded: 3 April 2023
21 Apr 2023
ICAEW Insights In Focus: Ageing population – a public finance timebomb?
00:26:29
In this special Insights In Focus episode, we discuss how the UK’s changing demographics are having an impact on public finances and policymaking.
The latest census revealed that almost a quarter of the UK’s population is now aged 60 or over. Meanwhile, recent research claims NHS spending will have to increase yearly by 3% to meet demand. There’s also a growing need to lay out plans for funding effective adult social care.
Finding politically sensitive and financially viable solutions is made all the more challenging by the impact of successive crises on public finances and the UK economy. How can the government meet this growing demand for services when it is committed to restricting spending?
To discuss the options available to policymakers, host Bronwen Maddox is joined by David Miles, Professor of Financial Economics at Imperial College and member of the Budget Responsibility Committee at the Office for Budget Responsibility; Carl Emmerson, Deputy Director of the Institute for Fiscal Studies; and Martin Wheatcroft, ICAEW adviser and fellow.
David Miles, Professor of Financial Economics at Imperial College; member of the Budget Responsibility Committee at the Office for Budget Responsibility
Carl Emmerson, Deputy Director, Institute for Fiscal Studies
Martin Wheatcroft, adviser and fellow, ICAEW
Producer
Natalie Chisholm
Episode first published: 24 April 2023 Podcast recorded: 24 March 2023
28 Apr 2023
ICAEW Insights In Focus: Getting SME investment back on track
00:28:15
In this Insights In Focus episode, we discuss the obstacles and incentives to SME investment.
In recent years, a string of crises and ongoing economic uncertainty has dampened investment across the board. Office for National Statistics figures show that business investment remains lower than pre-pandemic levels and fell 0.2% in Q4 2022.
The March Budget attempted a shot in the arm by announcing three years’ capital expensing, but questions remain over whether SMEs can access the finance they need to make their investment plans a reality.
Host Philippa Lamb is joined by Simon Gray, ICAEW Head of Business, and executives from three tech-intensive SMEs: Adam Lauffer, Deputy CEO of Doddle; Tanuvi Ethunandan, CEO of Data Duopoly; and Ciaran Burke, COO of Swoop.
Episode first published: 28 April 2023 Podcast recorded: 21 April 2023
05 May 2023
ICAEW Insights: VAT at 50, TAM Day and engaging in public practice
00:20:49
On the latest ICAEW Insights podcast, we discuss the month’s key developments in accountancy.
This episode examines VAT as the tax reaches its 50th birthday, announcements made by the government at Tax Administration and Maintenance Day on 27 April, and upcoming changes to ICAEW’s statement on engaging in public practice.
Philippa Lamb is joined by the experts at ICAEW to learn more: Ed Saltmarsh, Technical Manager; Anita Monteith, Head of Tax Policy; and Christopher Greenhalgh, Manager, Quality Assurance Department.
Christopher Greenhalgh, Manager, Quality Assurance Department
Anita Monteith, Head of Tax Policy
Producer
Natalie Chisholm
Episode first published: 5 May 2023 Podcast recorded: 2 May 2023
25 May 2023
ICAEW Insights In Focus: Managing talent in a hybrid world
00:34:05
In this Insights In Focus episode, we discuss best practice in hiring, training and safeguarding talent under hybrid working.
It has been more than three years since the pandemic saw office workers decamp to living rooms, kitchens and bedrooms, upending decades of established working practices. Now, hybrid working is the norm and considered essential in recruiting and retaining staff.
While the rapid pace of change may have slowed, organisations are still grappling with how talent and people management practices must evolve to accommodate the new normal. How can staff be inducted, upskilled and safeguarded when physically dispersed?
To learn more, host Philippa Lamb is joined by those leading the way forward: Nick Bishop, partner at BKL; Kevan Hall, CEO at Global Integration; and Jo Ludlam, Senior Manager in change management at Deloitte.
Jo Ludlam, Senior Manager in change management, Deloitte
Producer
Natalie Chisholm
Episode first published: 25 May 2023 Podcast recorded: 18 May 2023
08 Jun 2023
ICAEW Insights: Cyber security, taxing green travel and public finances
00:22:17
On the latest ICAEW Insights podcast, we explore the month’s key developments in accountancy.
This episode discusses the findings of the government’s Cyber Security Breaches Survey, how hybrid working is affecting the taxation of greener forms of transport, and the release of public finance figures for April 2023.
Philippa Lamb goes beyond the headlines with Ian Pay, Head of Data Analytics and Tech, ICAEW; Steve Wade, Partner in People Advisory Services, EY; and Martin Wheatcroft, ICAEW adviser and Fellow.
Episode first published: 9 June 2023 Podcast recorded: 2 June 2023
16 Jun 2023
ICAEW Insights In Focus: How can tax design better deliver tax policy?
00:36:49
In this special Insights In Focus episode, we discuss the changes to tax architecture and design that may strengthen the UK’s national bargain as economic turbulence continues.
The national bargain – the broad agreement that taxation is a fair exchange for the provision of public services – has fluctuated over time. Most recently, polling by YouGov found the prevailing attitude among the British public is one of fiscal tightening. However, following unprecedented financial support during the pandemic and cost-of-living crisis, the tax burden is set to continue rising until 2027/28.
That leaves the government with a difficult conundrum: how can it meet people’s expectations around fiscal policy while paying down its debt at a time of slow economic growth?
To explore the best use of tax architecture and design, host Bronwen Maddox is joined by Bill Dodwell, Tax Director at the Office of Tax Simplification; Helen Miller, Deputy Director at the Institute for Fiscal Studies; and Martin Wheatcroft, ICAEW adviser and Fellow.
Bill Dodwell, Tax Director, Office of Tax Simplification
Helen Miller, Deputy Director, Institute for Fiscal Studies
Martin Wheatcroft, adviser and Fellow, ICAEW
Producer
Natalie Chisholm
Episode first published: 16 June 2023 Podcast recorded: 12 June 2023
29 Jun 2023
ICAEW Insights In Focus: can SMEs keep up with ESG?
00:26:57
In this Insights In Focus episode, we explore how the introduction of sustainability assurance, both voluntary and mandatory, is affecting firms of all sizes.
Back in April 2022, the UK became the first G20 nation to bring recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) into law. TCFD requirements only apply to the UK’s largest organisations, but many SMEs are facing pressure from stakeholders to follow suit. And as the sustainability of entire supply chains comes under greater scrutiny, that pressure is only set to intensify.
So, how are firms navigating sustainability assurance at a time of economic instability and tight margins? And what role will accountants play in the transition to wider forms of reporting and disclosure?
Host Philippa Lamb discusses the issues with Richard Spencer, ICAEW Director of Sustainability; Heather Buchanan, Cofounder of Bankers for Net Zero; and Vandana Saxena Poria, ICAEW adviser and member of the B20 Action Council for ESG in Business.
Vandana Saxena Poria, ICAEW adviser and B20 Action Council for ESG in Business
Heather Buchanan, Cofounder, Bankers for Net Zero
Richard Spencer, Director of Sustainability, ICAEW
Producer
Natalie Chisholm
Episode first published: 30 June 2023 Podcast recorded: 27 June 2023
07 Jul 2023
ICAEW Insights: Digitalisation and gender bias in tax, plus CPD update
00:25:11
The latest ICAEW Insights podcast shares the month’s top stories in accountancy.
This episode analyses the tax system from two different angles: progress made in digitalisation and towards gender equality. Plus, details of changes to ICAEW member CPD are explored ahead of their November live date.
Philippa Lamb learns more from ICAEW experts Caroline Miskin, Senior Technical Manager, Digital Taxation; Anita Monteith, former Head of Tax Policy; and Debbi Francis, Head of Member Service Centre.
Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW
Anita Monteith, former Head of Tax Policy, ICAEW
Debbi Francis, Head of Member Service Centre, ICAEW
Producer
Natalie Chisholm
Episode first published: 7 July 2023 Podcast recorded: 4 July 2023
28 Jul 2023
ICAEW Insights In Focus: Commercial property - economic bellwether or laggard?
00:28:01
In this Insights In Focus episode, we analyse the UK’s current economic turbulence through the lens of the commercial property sector.
With capital values down 15% in the last year, has bricks and mortar lost its attractiveness to investors? And, with inflation remaining stubbornly persistent, what do trendlines in the sector tell us about the UK economy as a whole?
Host Philippa Lamb is joined by Suren Thiru, Director of Economies at ICAEW, and Mat Oakley, Head of European commercial research at Savills, to discuss the key issues.
Mat Oakley, Head of European commercial research, Savills
Producer
Natalie Chisholm
Episode first published: 28 July 2023 Podcast recorded: 24 July 2023
11 Aug 2023
ICAEW Insights: ISSB standards, E-Commerce Trade Commission, and CPD update
00:18:08
The ICAEW Insights podcast explores the month’s top stories in accountancy.
In this episode, we discuss the contents of the International Sustainability Standards Board’s first two published standards; ICAEW’s role in the newly launched E-Commerce Trade Commission; and firms’ responsibilities under new CPD regulations launching 1 November 2023.
Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy; Ed Saltmarsh, Technical Manager; and Sophie Wales; Head of Regulatory Affairs.
· Sally Baker, Head of Corporate Reporting Strategy, ICAEW
· Ed Saltmarsh, Technical Manager, ICAEW
· Sophie Wales, Head of Regulatory Affairs, ICAEW
Producer
Natalie Chisholm
Episode first published: 11 August 2023 Podcast recorded: 4 August 2023
01 Sep 2023
ICAEW Insights In Focus: The PM’s pledges: where are we now?
00:36:58
In this Insights In Focus episode, we analyse the health of the UK economy through the lens of the Prime Minister’s pledges for 2023.
Back in January, Prime Minister Rishi Sunak made five pledges for the year ahead. Three of those related to indicators of economic and fiscal health: halving inflation, stimulating growth, and reducing the national debt. With 2024 rapidly approaching, how is the Prime Minister faring in meeting his goals?
Host Philippa Lamb is again joined by Iain Wright, Managing Director, Reputation and Influence, at ICAEW, and Frances Haque, Chief Economist at Santander UK, to discuss the key issues.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Frances Haque, Chief Economist, Santander UK
Producer
Natalie Chisholm
Episode first published: 1 September 2023 Podcast recorded: 29 August 2023
08 Sep 2023
ICAEW Insights: VAT exemptions for private schools and final CPD update
00:16:39
The ICAEW Insights podcast explores the month’s top stories in accountancy.
In this episode, we discuss Labour’s proposals for removing VAT exemptions from private schools and the disagreement over just how much money it would raise for the public purse. Plus, in our final CPD update before the new regulations come into force on 1 November, we answer ICAEW members’ most frequently asked questions.
Philippa Lamb is joined by ICAEW’s Ed Saltmarsh, Technical Manager, and Liz Shaw, Senior Manager, Professional Standards.
Liz Shaw, Senior Manager, Professional Standards, ICAEW
Producer
Natalie Chisholm
Episode first published: 8 September 2023 Podcast recorded: 4 September 2023
28 Sep 2023
ICAEW Insights In Focus: Why do good people do bad things?
00:41:19
In this Insights In Focus episode, we discuss professional ethics and seek to answer the age-old question: why do good people do bad things?
Accountants are increasingly acting as an ethical compass for their employers and clients. It’s a natural fit for a profession that has a deep understanding of business and a professional duty to act in the public interest, but it’s also a weighty responsibility where situations aren’t always black-and-white.
To discuss how accountants can best inhabit this role, as well as ensuring they are acting ethically themselves, host Philippa Lamb is joined by Laura Hough, ICAEW director of trust and ethics, and Christopher Cowton, emeritus professor at the University of Huddersfield and associate of the Institute of Business Ethics.
Christopher Cowton, emeritus professor, University of Huddersfield; associate, Institute of Business Ethics
Producer
Natalie Chisholm
Episode first published: 29 September 2023 Podcast recorded: 11 September 2023
05 Oct 2023
ICAEW Insights: Building a resilient economy, plus self assessment deadlines
00:11:18
In this episode, we discuss a new content series recently launched by ICAEW: ‘Resilience and renewal: building an economy fit for the future’.
The campaign explores the main challenges facing the UK economy and how chartered accountants are integral in addressing them. Plus, we share key deadlines for those filing self assessment returns and the penalties that may be handed down should they be missed.
Philippa Lamb is joined by ICAEW’s Suren Thiru, Economies Director, and Mei Lim Cooper, Technical Manager, Personal Tax.
Mei Lim Cooper, Technical Manager, Personal Tax, ICAEW
Producer
Natalie Chisholm
Episode first published: 6 October 2023 Podcast recorded: 29 September 2023
27 Oct 2023
ICAEW Insights In Focus: How to build a workforce of the future
00:33:08
In this Insights In Focus episode, we explore strategies to expand and upskill Britain’s workforce.
Low unemployment is currently twinned with high vacancies, leading to a tight labour market. One cause is an increase in the number of economically inactive. And ICAEW’s Business Confidence Monitor has flagged a lack of non-management skills as an escalating challenge for the nation’s employers.
So, how can we tackle these big, structural problems in the economy? Host Philippa Lamb discusses possible solutions with Suren Thiru, ICAEW Economies Director; Dan Lucy, HR Research and Consulting Director at the Institute for Employment Studies; and April Homer, Chief People Officer at accountancy practice Cooper Parry.
Links ICAEW Resilience and Renewal hub https://www.icaew.com/technical/economy/resilience-and-renewal
ICAEW Business Confidence Monitor https://www.icaew.com/technical/economy/business-confidence-monitor
Host Philippa Lamb
Guests Suren Thiru, Director, Economies, ICAEW Daniel Lucy, Director, HR Research and Consulting, Institute for Employment Studies April Homer, Chief People Officer, Cooper Parry
Producer Natalie Chisholm
Episode first published: 27 October 2023 Podcast recorded: 18 October 2023
The ICAEW Insights podcast explores the month’s top stories in accountancy.
In this episode, we explain how ICAEW members can apply for dual membership with the Chartered Institute of Public Finance and Accountancy (CIPFA). We also discuss the key points and learnings from this year’s Cyber Security Awareness Month and hear how ICAEW’s Resilience and Renewal campaign is progressing.
Philippa Lamb is joined by Will Holt, Managing Director of Education and Training; Bani Lamba, Data Analytics and Tech Manager; and Suren Thiru, Economies Director.
Will Holt, Managing Director, Education and Training, ICAEW
Bani Lamba, Data Analytics and Tech Manager, ICAEW
Suren Thiru, Director, Economies, ICAEW
Producer
Natalie Chisholm
Episode first published: 3 November 2023 Podcast recorded: 26 October 2023
04 Dec 2023
ICAEW Insights In Focus: What’s in the Economic Crime Act 2023?
00:31:27
In this Insights In Focus episode, we explore the contents and implications of the Economic Crime and Corporate Transparency Act 2023.
After a challenging route through Parliament, the Act finally received Royal Assent in late October. It promises sweeping changes to Companies House and reporting requirements for SMEs. Crucially, it also covers where accountability will lie for economic crime. Many of the details are yet to be ironed out, but it’s clear that accountants will take on much of the responsibility for delivering these changes.
Host Philippa Lamb discusses what accountants need to know with Mike Miller, ICAEW Economic Crime Manager; Alun Milford, Partner at Kingsley Napley and former General Counsel at the Serious Fraud Office; and Alice Bessell, Finance Director at Brown & Bright.
Episode first published: 4 December 2023 Podcast recorded: 29 November 2023
06 Dec 2023
ICAEW Insights In Focus: COP28 - what does transition planning mean for accountants?
00:20:42
In the first of two special Insights In Focus episodes, guest host Mark Rowland shares news and views from COP28 in Dubai. This episode focuses on the importance of transition plans in achieving net zero.
In the studio, ICAEW Climate Change Manager Sarah Reay and Resilience First’s Shazre Quamber-Hill explain why transition planning is a vital part of the COP28 agenda. And on the conference floor, LSE Professor Nick Robins and the Transition Plan Taskforce’s Nina Pimblett discuss the role that accountants and business will play in putting plans into action.
Access ICAEW’s Making COP Count content series for more insights on sustainability.
Shazre Quamber-Hill, Director, Strategy and Impact, Resilience First
Nick Robins, Professor in Practice for Sustainable Finance, London School of Economics and Political Science
Nina Pimblett, Sector Guidance Lead, Transition Plan Taskforce
Producer
Natalie Chisholm
Episode first published: 5 December 2023 Podcast recorded: 4 December 2023
11 Dec 2023
ICAEW Insights In Focus: COP28 - making the business case for nature
00:23:17
In the second of two special Insights In Focus episodes, guest host Mark Rowland shares news and views from COP28 in Dubai. This episode focuses on capacity building within the finance profession and making the business case for a nature-positive transition.
Mark is joined in the studio by Sarah Reay, Climate Change Manager, ICAEW; Jessica Fries, Executive Chair, A4S; and Mardi McBrien, Chief of Strategic Affairs and Capacity Building, IFRS Foundation. Reay and Fries discuss why it is essential that the transition to a sustainable global economy places nature and biodiversity at its heart. And McBrien shares how the IFRS Foundation is driving capacity building and how all accountants can get involved.
Access ICAEW’s Making COP Count content series for more insights on sustainability and the topics covered in this episode.
Mardi McBrien, Chief of Strategic Affairs and Capacity Building, IFRS Foundation
Producer
Natalie Chisholm
Episode first published: 11 December 2023 Podcast recorded: 9 December 2023
14 Dec 2023
ICAEW Insights In Focus: What can we expect from 2024?
00:34:29
In this Insights In Focus episode, we discuss what 2024 is likely to bring for businesses and their accountants.
Beyond a Spring Budget and elections on both sides of the Atlantic, there are few certainties for the coming 12 months. Looking at ICAEW’s Business Confidence Monitor and forecasts from the Office for Budget Responsibility and the Bank of England, 2024 is likely to be another challenging year of low growth and weak business and consumer sentiment. As with recent years, uncertainty is set to be the only constant.
A year on from making their predictions for 2023, host Philippa Lamb is again joined by Iain Wright, ICAEW Managing Director, Reputation and Influence; Frances Haque, Chief Economist at Santander UK; and David Williamson, Political Editor of the Sunday Express.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
David Williamson, Political Editor, Sunday Express
Frances Haque, Chief Economist, Santander UK
Producer
Natalie Chisholm
Episode first published: 15 December 2023 Podcast recorded: 11 December 2023
01 Feb 2024
ICAEW Insights In Focus: Where next for audit and governance reform?
00:34:42
In this Insights In Focus episode, we discuss the future of audit and corporate governance reform.
Back in May 2022, after years of reviews and consultations, the government announced its plans for reform. The key proposals included the area of a new audit regulator, a wider definition of public interest entities, and ensuring that FTSE 350 firms would not be wholly reliant on the largest audit firms.
However, nearly two years on, very little has changed. Corporate governance reform was quietly dropped by the government in October 2023, and audit reform was notably absent from the King’s Speech the following month. So, what happens now?
Host Philippa Lamb is joined by Iain Wright, ICAEW Managing Director of Reputation and Influence; Darren Jordan, Partner at Moore Kingston Smith; and Maria Kepa, EY Director in Corporate Governance.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Darren Jordan, Partner, Moore Kingston Smith
Maria Kepa, Director, Corporate Governance, EY
Producer
Natalie Chisholm
Episode first published: 1 February 2024 Podcast recorded: 26 January 2024
08 Feb 2024
ICAEW Insights: ISQM, preparing and filing accounts, and public practice
00:23:07
In this episode, we discuss how firms can maintain momentum on the International Standard of Quality Management, as well as changes in preparation and filing as a result of the Economic Crime and Corporate Transparency Act. We also hear about ICAEW’s new podcast, The Tax Track, and changes to the Engaging in Public Practice certificate.
Philippa Lamb is joined by Alex Russell, Head of Audit and Assurance Strategy; Sally Baker, Head of Corporate Reporting Strategy; Lindsey Wicks, Senior Technical Manager for Tax Policy; and Chris Greenhalgh, Manager in Professional Standards.
Christopher Greenhalgh, Manager, Professional Standards, ICAEW
Producer
Natalie Chisholm
Episode first published: 9 February 2024 Podcast recorded: 5 February 2024
29 Feb 2024
ICAEW Insights In Focus: Will accountants save the world? With ICAEW CEO Michael Izza
00:28:17
In this Insights In Focus episode, we catch up with ICAEW Chief Executive Michael Izza ahead of his stepping down from his role later this month.
Izza has been with ICAEW since 2002 and Chief Executive since 2006. In that time, he’s steered the Institute through the global financial crisis, the pandemic and the early stages of a global technological revolution.
Host Philippa Lamb discusses with Izza the fresh challenges and opportunities facing the profession, as well as what he will be taking away from his time at ICAEW.
Episode first published: 1 March 2024 Podcast recorded: 22 February 2024
08 Mar 2024
ICAEW Insights In Focus: Budget 2024 – does it change anything?
00:26:04
In this Insights In Focus episode, we discuss the contents of the 2024 Spring Budget and their likely impacts on the UK economy.
The Spring Budget was delivered against the backdrop of recession and persistent inflation. While the Chancellor had better-than-expected headroom for delivering tax cuts, the UK economy and its public finances are still navigating a difficult road to recovery. And, with a general election taking place within the year, will anything announced on 6 March have an impact on public sentiment?
Host Philippa Lamb breaks down the Spring Budget with Iain Wright, ICAEW Managing Director, Reputation and Influence; Frances Haque, Chief Economist at Santander UK; and David Williamson, Political Editor of the Sunday Express.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
David Williamson, Political Editor, Sunday Express
Frances Haque, Chief Economist, Santander UK
Producer
Natalie Chisholm
Episode first published: 8 March 2024 Podcast recorded: 7 March 2024
22 Mar 2024
ICAEW Insights In Focus: Does Britain have a farming problem?
00:24:36
In this Insights In Focus episode, we discuss how changes to the funding of British farms could affect the UK’s broader economic resilience.
As a result of Brexit, British farms will stop benefiting from the EU Common Agricultural Policy by the end of 2027. The policy paid subsidies largely regardless of land use. Now, farmers need to transition to new schemes established by the UK’s devolved administrations. These require farms to meet environmental requirements such as hedge management, rewilding and tree-planting, which critics say will have a negative impact on food production and reduce the UK’s resilience to market shocks.
To discuss the future of British farming, host Philippa Lamb is joined by David Missen, consultant at Larking Gowen, and Roseanne Bennett, partner at Greaves West & Ayre.
Episode first published: 22 March 2024 Podcast recorded: 11 March 2024
04 Apr 2024
ICAEW Insights: A busy new tax year, plus progress on the Economic Crime Act
00:17:54
In this episode, we discuss why the arrival of the 2024/25 tax year is particularly busy for accountants, and the main changes to be aware of from 6 April. Plus, six months on from the passing of the Economic Crime and Corporate Transparency Act, we learn what progress has been made to enact its various provisions.
To shed light on those two topics, Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax, and Sally Baker, Head of Corporate Reporting Strategy.
Sally Baker, Head of Corporate Reporting Strategy, ICAEW
Producer
Natalie Chisholm
Episode first published: 5 April 2024 Podcast recorded: 26 March 2024
16 Apr 2024
ICAEW Insights In Focus: So you want to be a leader?
00:30:28
In this Insights In Focus episode, we discuss how accountants can build the skills needed to take on leadership and executive roles during their careers.
In a recent report by the Financial Times, one anonymous headhunter was quoted as saying: “If America is run by lawyers, then the UK is run by accountants.” It’s backed up by the data, too: around one-third of today’s FTSE 100 CEOs have previously served as CFOs in their careers. But what makes finance professionals a good fit for the top spot? And what skills beyond financial prowess will help them make a success of it?
To answer those questions, host Philippa Lamb is joined by Sarah Walker-Smith, CEO of legal and professional services group Ampa; Joe Dubbin, Managing Director of executive search firm Cripps Leadership Advisors; and Melanie Coeshott, career coach and mentor at Blue Diamond.
Joe Dubbin, Managing Director, Cripps Leadership Advisors
Melanie Coeshott, career coach, Blue Diamond
Producer
Natalie Chisholm
Episode first published: 17 April 2024 Podcast recorded: 12 April 2024
02 May 2024
ICAEW Insights In Focus: Lessons in leadership from ICAEW's CEO
00:33:40
In this special bonus episode of Insights In Focus, we meet new ICAEW CEO Alan Vallance to discuss the leadership lessons of his career.
Alan is an ICAEW Chartered Accountant and joined the Institute as CEO in April 2024. His career has spanned various sectors and countries, as well as detailed experience in leading membership bodies RIBA and the Chartered Insurance Institute in recent years.
In this conversation with Philippa Lamb, Vallance shares how his career journey has shaped his approach to leadership – from qualifying as an ACA at Ernst & Whinney (now EY) to working in post-Soviet Hungary and his 15 years with Australia Post at a time of early digitalisation.
Episode first published: 3 May 2024 Podcast recorded: 25 April 2024
10 May 2024
ICAEW Insights: Company size thresholds and CGT on residences
00:19:59
In this episode of the ICAEW Insights podcast, we discuss upcoming changes to company size thresholds and what they mean for reporting requirements. Plus, with capital gains tax in the headlines, we explore the rules and restrictions when it comes to selling residential property.
Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy, and Caroline Miskin, Senior Technical Manager in Digital Taxation.
Sally Baker, Head of Corporate Reporting Strategy, ICAEW
Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW
Producer
Natalie Chisholm
Episode first published: 10 May 2024 Podcast recorded: 1 May 2024
29 May 2024
ICAEW Insights In Focus: AI in audit - the good, the bad and the ugly
00:39:57
In this ICAEW Insights In Focus episode, we discuss the use of artificial intelligence in audit.
Depending on who you talk to, generative AI is either going to revolutionise the way auditors work or replace certain roles in the sector entirely. The truth probably lies somewhere in between. So, how are auditors beginning to use AI? And how can practices sift marketing fact from fiction and navigate the risks introduced by using AI tools?
To answer those questions, Philippa Lamb is joined by Konrad Bukowski-Kruszyna, Audit Data Analytics Director at RSM UK; Fay Bordbar, Global Digital Skills Lead at Mazars; and Oliver Nelson-Smith, Tech Policy Manager at ICAEW
Konrad Bukowski-Kruszyna, Audit Data Analytics Director, RSM UK
Fay Bordbar, Global Digital Skills Lead, Mazars
Oliver Nelson-Smith, Tech Policy Manager, ICAEW
Producer
Natalie Chisholm
Episode first published: 29 May 2024 Podcast recorded: 23 May 2024
05 Jun 2024
Accountancy Insights: Corporate reporting update and VAT on private hire vehicles
00:20:02
In this episode, we discuss important developments in corporate reporting, including amendments to UK GAAP, new standards IFRS18 and IFRS19, and the timeline for implementing IFRS S1 and IFRS S2. We also discuss the evolving VAT treatment of private hire vehicles as a result of recent court cases and how the Treasury may seek to respond.
Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy, and Ed Saltmarsh, Technical Manager, VAT and Customs.
Sally Baker, Head of Corporate Reporting Strategy, ICAEW
Ed Saltmarsh, Technical Manager, VAT and Customs, ICAEW
Producer
Natalie Chisholm
Episode first published: 5 June2024 Podcast recorded: 3 June 2024
27 Jun 2024
Behind the Numbers: Groupthink – the boardroom’s most pervasive problem?
00:39:55
In this episode of Behind the Numbers, we discuss strategies to prevent and tackle groupthink at board level.
By suppressing debate and disrupting effective decision-making, groupthink poses a significant governance challenge for firms. Notably, the recent scandal over fee transparency at wealth manager St James’s Place – which has set aside £426m for client refunds – has been blamed on groupthink in the boardroom.
Philippa Lamb examines ways forward with Baroness Helena Morrissey, financier and former Non-Executive Director at St James’s Place; Peter van Veen, Director of Corporate Governance and Stewardship at ICAEW; and Kevin Davidson, CEO of executive search and board advisory firm Norman Broadbent.
Peter van Veen, Director, Corporate Governance and Stewardship, ICAEW
Kevin Davidson, CEO, Norman Broadbent
Producer
Natalie Chisholm
Episode first published: 28 June 2024 Podcast recorded: 21 June 2024
12 Jul 2024
Accountancy Insights: How to get Britain growing
00:26:55
One week on from the general election, this special episode of Accountancy Insights discusses the policies of the new UK government.
The Labour Party has taken power with a sweeping victory not seen since 1997. Now, it faces the same challenge that successive governments have struggled to tackle: kickstarting the UK economy. With little room for manoeuvre in the public finances, can anything move the dial when it comes to boosting growth?
Guest host Iain Wright is joined by Frances Haque, Chief Economist at Santander UK, and David Williamson, Political Editor at the Sunday Express.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Guests
Frances Haque, Chief Economist, Santander UK
David Williamson, Political Editor, Sunday Express
Producer
Natalie Chisholm
Episode first published: 12 July 2024 Podcast recorded: 11 July 2024
02 Aug 2024
Behind the Numbers: Why are female-led startups so underfunded?
00:35:16
In this episode of Behind the Numbers, we discuss gender inequality in investment.
Women continue to be underrepresented in venture capital, particularly at senior levels. The scales are even less balanced for female founders, who received just 2% of venture capital funding in recent years. As the new government puts productivity and growth at the top of its national agenda, how do we get things moving?
Philippa Lamb is joined by entrepreneur and chartered accountant Tanuvi Ethunandan; Helen Burnell, Partner at law firm Shoosmiths; and Suzi Gillespie, Head of Research at the British Private Equity & Venture Capital Association.
Tanuvi Ethunandan, entrepreneur and product manager
Helen Burnell, Partner, Shoosmiths
Suzi Gillespie, Head of Research, British Private Equity & Venture Capital Association
Producer
Natalie Chisholm
Episode first published: 2 August 2024 Podcast recorded: 26 July 2024
12 Aug 2024
Accountancy Insights: Business confidence, local authority finance, probate delays, and tax reform
00:40:33
In this bumper episode, we discuss the latest findings of ICAEW’s Business Confidence Monitor and why three-quarters of councils in England are at least a year behind in publishing audited accounts. Plus, we hear an update on the probate service and explore ICAEW’s recommendations for the new government’s business tax road map.
Philippa Lamb is joined by Iain Wright, Managing Director of Reputation and Influence; Alison Ring, Director of Public Sector and Taxation; Sophie Wales, Director of Regulatory Policy; and Richard Jones, Senior Technical Manager in Tax Policy.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Alison Ring, Director, Public Sector and Taxation, ICAEW
Sophie Wales, Director, Regulatory Policy, ICAEW
Richard Jones, Senior Technical Manager, Tax Policy, ICAEW
Producer
Natalie Chisholm
Episode first published: 12 August 2024
23 Aug 2024
Behind the Numbers: How to stop accountancy’s brain drain
00:30:35
In this episode of Behind the Numbers, we discuss ways to improve recruitment and retention in accountancy.
While the pipeline of new joiners remains healthy, holding onto qualified staff is proving challenging. New research by ICAEW on mid-tier firms demonstrates just how significant the issue is – with 70% of participants identifying talent as their most significant challenge. So, what needs to happen for more professionals to view accountancy as a long-term career choice?
To explore the key issues, host Philippa Lamb is joined by Kat Hearn, Senior Technical Manager at ICAEW; Androulla Soteri, Chief People Officer at Dains Accountants; and Lola Abitogun, who qualified as a chartered accountant before establishing Alchemy HR.
Androulla Soteri, Chief People Officer, Dains Accountants
Lola Abitogun, Founder, Alchemy HR
Producer
Natalie Chisholm
Episode first published: 23 August 2024 Podcast recorded: 15 August 2024
09 Sep 2024
Accountancy Insights: Taxing cryptoassets and reporting suspicions of fraud
00:19:20
In this episode, we discuss the available guidance on, and the application of general principles to, the taxation of cryptoassets; as well as how auditors should be acting on their obligation to report suspicions of fraud to the regulator.
Philippa Lamb is joined by Richard Jones, Senior Technical Manager in Tax Policy at ICAEW; Dion Seymour, Crypto and Digital Assets Technical Director at Andersen; and Reuben Wales, Head of Financial Services at ICAEW.
Richard Jones, Senior Technical Manager, Tax Policy, ICAEW
Dion Seymour, Crypto and Digital Assets Technical Director, Andersen
Reuben Wales, Head of Financial Services, ICAEW
Producer
Natalie Chisholm
Episode first published: 9 September 2024 Podcast recorded: 2 September 2024
25 Sep 2024
Behind the numbers: why are we taxing tourists?
00:31:36
In this episode of Behind the Numbers, we discuss the introduction of tourism taxes in the UK.
During 2024, such taxes have been introduced in Manchester, Poole, Bournemouth and Brighton. Now, Edinburgh City Council has put forward draft proposals for a visitor levy scheme, which would charge visitors 5% of their accommodation costs per night for up to a week. But how useful are tourism taxes in practice? And what do local people make of them?
To answer those questions, host Philippa Lamb is joined by Clare Beck, Chair of the ICAEW Scotland Board; internal auditor Jim Orr; Rhys Ap Gwilym, Senior Lecturer in Economics at Bangor University; and Suth Rathmell, Partner in Indirect Tax at MHA.
Rhys Ap Gwilym, Senior Lecturer, Economics, Bangor University
Sue Rathmell, Partner, Indirect Tax, MHA
Producer
Natalie Chisholm
Episode first published: 25 September 2024 Podcast recorded: 17 September 2024
07 Oct 2024
Group audit and the forthcoming AI Bill
00:16:29
In this episode, we recap revisions to ISA 600 on group audit, and we discuss the likely contents of the AI Bill that is expected to be brought to Parliament before the end of the year.
Philippa Lamb is joined by Catherine Hardinge, Partner at Price Bailey; and Oliver Nelson-Smith, Tech Policy Manager at ICAEW.
Episode first published: 7 October 2024 Podcast recorded: 30 September 2024
18 Oct 2024
Behind the Numbers: Guarding against the AI cyber crimewave
00:36:02
In this episode of Behind the Numbers, we discuss how the use of new technologies by criminals is putting businesses at risk.
A recent Europe-wide report found that 40% of chief internal auditors cited artificial intelligence as a top five business-critical risk. So, how can professionals protect themselves and their employers? And what can SMEs with tighter budgets do to combat this threat?
Host Philippa Lamb is joined by Ian Pay, Head of Data Analytics and Tech at ICAEW; Mark Turner, Chief Technology Officer at cyber security specialists Mitigo; and Paul Munson, EU Compliance Lead at workplace software provider Rippling and previously of the Financial Conduct Authority, Serious Fraud Office and HMRC.
Episode first published: 18 October 2024 Podcast recorded: 11 October 2024
01 Nov 2024
Accountancy Insights: Budget 2024 - a gamble on growth
00:30:46
In this special episode of Accountancy Insights, we discuss whether the Autumn Budget will provide a much-needed shot in the arm for business confidence and investment activity.
Philippa Lamb is joined by Iain Wright, Managing Director, Reputation and Influence, ICAEW; Frances Haque, Chief Economist, Santander UK; and David Williamson, Political Editor, Sunday Express.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Frances Haque, Chief Economist, Santander UK
David Williamson, Political Editor, Sunday Express
Producer
Natalie Chisholm
Episode first published: 1 November 2024 Podcast recorded: 31 October 2024
21 Nov 2024
Behind the Numbers: Can we unclog the local audit backlog?
00:22:25
In this episode of Behind the Numbers, we discuss whether the filing of local authority audited accounts will ever get back on track.
Just 1% of local bodies published audited accounts on time for the 2022/23 [LE1] financial year. Now, the government has introduced backstop dates in the hopes of resetting the system, with the first arriving on 13 December. But will they anything change? And how should local authorities be managing the external audit process to ensure timely filing?
To answer those questions, host Philippa Lamb is joined by Alison Ring, ICAEW Director of Public Sector and Taxation; Cecilie Booth, Executive Director of Resources at Peterborough City Council; and Paul Dossett, Head of Public Sector, London and South East, at Grant Thornton UK.
Alison Ring, Director, Public Sector and Taxation, ICAEW
Cecilie Booth, Executive Director of Resources, Peterborough City Council
Paul Dossett, Head of Public Sector Assurance, London and South East, Grant Thornton UK
Producer
Natalie Chisholm
Episode first published: 21 November 2024 Podcast recorded: 14 November 2024
02 Dec 2024
Accountancy Insights: Regulating tax advice, plus new professional behaviour wording
00:16:37
In this episode, we speak to Ray McCann, fresh from delivering this year’s Hardman Lecture on Monday 25 November, about regulating the provision of tax advice. Plus, Sophie Wales, ICAEW Director of Regulatory Policy, explains upcoming changes to the ICAEW Code of Ethics around professional behaviour.
Time codes
00:55 Regulating tax advice
08:09 New professional behaviour wording
Links
ICAEW: Hardman Lecture shines spotlight on ‘shadow’ tax advisers: https://www.icaew.com/insights/tax-news/2024/nov-2024/hardman-lecture-shines-spotlight-on-shadow-tax-advisers
Sophie Wales, Director of Regulatory Policy, ICAEW
Producer
Natalie Chisholm
Episode first published: 2 December 2024 Podcast recorded: 25 November 2024
12 Dec 2024
Behind the Numbers: the financial case for sustainability
00:31:06
In this episode of Behind the Numbers, we discuss the progress of sustainability reporting.
Across the globe, sustainability reporting has become increasingly mandated for large organisations. Now, with the CSRD introduced in the European Union and the first two ISSB standards set to be endorsed by the UK, the challenge for accountants lies in ensuring that the quality of non-financial information matches that of financial information.
To discuss the key issues, Philippa Lamb is joined by Richard Spencer, ICAEW Director of Sustainability; David Wray, founder of ESG consultancy DWG and IESBA Ethics Board member; and Marie-Josée Privyk, ESG coach and adviser.
David Wray, Founder, DWG; IESBA Ethics Board member
Producer
Natalie Chisholm
Episode first published: 12 December 2024 Podcast recorded: 5 December 2024
02 Jan 2025
Trump, tariffs and EU turmoil: 2025 predictions
00:34:43
In this special episode of Accountancy Insights, we look ahead to the most significant events and trends anticipated in 2025.
Last year brought a new UK government and its controversial first Budget. With things now appearing more settled at home, the upcoming inauguration of President Trump in the US and the recent collapse of governments in Europe will bring new opportunities and challenges for the British economy.
For the third year, host Philippa Lamb is joined in forecasting by Iain Wright, ICAEW Managing Director of Reputation and Influence; Frances Haque, Chief Economist at Santander UK; and David Williamson, Political Editor of the Sunday Express.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
David Williamson, Political Editor, Sunday Express
Frances Haque, Chief Economist, Santander UK
Producer
Natalie Chisholm
Episode first published: 3 January 2025 Podcast recorded: 17 December 2024
30 Jan 2025
Behind the Numbers: A ticking tech skills timebomb
00:28:59
In this episode of Behind the Numbers, we discuss continuous learning around technology and artificial intelligence.
For accountants, getting the most out of fast-evolving technologies involves more than simply training people how to use them. Judgement, communication and granular accountancy skills all come into play. So how can firms identify their training needs and what are the best ways to deliver that training?
Philippa Lamb explores the key issues with Jenny Blewett, Head of Finance at Costello Medical; Daniel Clark, business trainer and writer; and Julia Penny, Director at JS Penny and ICAEW past-President.
Mid-Tier Tech Forum: digital skills: https://events.icaew.com/pd/30692?code=ijMH8fKJCg
Host
Philippa Lamb
Guests
Daniel Clark, business trainer and writer
Julia Penny, Director, JS Penny; ICAEW past-President
Jenny Blewett, Head of Finance, Costello Medical
Producer
Natalie Chisholm
Episode first published: 30 January 2025 Podcast recorded: 23 January 2025
12 Feb 2025
Trump tariffs update and HMRC service standards
00:29:17
In this episode, we discuss the latest developments in President Trump’s tariffs rollout and how they may affect UK businesses. We also explore a new joint report by ICAEW and the Chartered Institute of Taxation into HMRC service standards, which includes research findings from 31 agent firms.
Philippa Lamb is joined in the studio by ICAEW’s Iain Wright, Managing Director of Reputation and Influence, and Ed Saltmarsh, Technical Manager for VAT and Customs.
Iain Wright, Managing Director, Reputation and Influence, ICAEW
Ed Saltmarsh, Technical Manager, VAT and Customs, ICAEW
Producer
Natalie Chisholm
Episode first published: 13 February 2025 Podcast recorded: 6 February 2025
03 Mar 2025
Behind the Numbers: Succession planning - is employee ownership the answer?
00:27:36
In this episode of Behind the Numbers, we discuss the appropriateness of employee ownership trusts (EOTs) for accountancy practices.
The majority of mid-tier accountancy and audit firms are still structured as limited liability partnerships. But, with nearly half of firms citing succession planning as a critical talent challenge, and private equity investors taking more interest in the sector, some firms are now looking at other options.
Philippa Lamb explores the key issues with Graeme Nuttall OBE, author of 2012’s Nuttall Review into employee ownership and International Ambassador for the Employee Ownership Association; Simon Blake, Head of Strategic Corporate Finance at Price Bailey; and Peter Hollis, whose firm recently became an EOT.
Graeme Nuttall OBE, International Ambassador, Employee Ownership Association
Simon Blake, Head of Strategic Corporate Finance, Price Bailey
Peter Hollis, Principal, Hollis & Co
Producer
Natalie Chisholm
Episode first published: 3 March 2025 Podcast recorded: 24 February 2025
17 Mar 2025
Accountancy insights: Happy birthday, HMRC
00:21:49
In this episode, we have a report by Mark Rowland from the ’20 Years of HMRC’ event held on 11 March at Chartered Accountants’ Hall, in which he speaks to James Murray, Exchequer Secretary to the Treasury, and Lord O’Donnell, former Permanent Secretary to the Treasury, among others, about the future of digitisation and HMRC.
Tax changes announced at the budget are coming into effect in April and one of the biggest concerns is the revisions to employers’ national insurance contributions and thresholds, as well as to NI employment allowances. Also changing is the way that double cab pick-ups are treated for tax purposes.
Auditing of SMEs has come under FRC’s spotlight recently, and it has launched a market study to determine what is working and what it not under the current regulation, including the complexity and cost of auditing standards.
Philippa Lamb explores the latter two subjects with Stephen Relf, Technical Manager, Tax, ICAEW, and Catherine Hardinge, Partner, Technical, Price Bailey LLP.
James Murray, Exchequer Secretary to the Treasury and chair of HMRC board
Lord O’Donnell, former Permanent Secretary to the Treasury
Heather Self, Consultant, Blick Rothenberg
Paul Aplin, Vice-President, Chartered Institute of Taxation
David Gauke, former Treasury minister
Amanda Tickel, Head of Tax and Trade Policy, Deloitte
Producer
Natalie Chisholm
Episode first published: 17 March 2025 Podcast recorded: 6 March 2025
25 Mar 2025
Behind the numbers: What Britain needs to grow
00:35:36
In this episode of Behind the Numbers, we discuss the necessary ingredients to support economic growth.
It’s a clear priority for the government. An industrial strategy is due to be published in the coming months – with eight key sectors for the UK already identified – and reviews of taxation and regulation are also taking place. As the Spring Statement arrives on 26 March, our panel explores whether government policy is pulling all the right levers.
Host Philippa Lamb is joined by John Boulton, ICAEW Director of Policy; John Godfrey, Managing Director of Public Affairs and Research at TheCityUK; Anne Allibone, fractional CFO; and Peter Arnold, EY UK Chief Economist.
John Godfrey, Managing Director, Public Affairs and Research, TheCityUK
Peter Arnold, Chief Economist, EY UK
Anne Allibone, fractional CFO, Allibone Consulting
Producer
Natalie Chisholm
Episode first published: 25 March 2025 Podcast recorded: 21 March 2025
08 Apr 2025
Accountancy Insights: Adapting post-tariffs, MTD at 10, UK GAAP changes
00:29:01
In this episode, we discuss how the Trump administration’s tariffs will hamper the government’s growth plans, the progress made towards Making Tax Digital on its tenth birthday, and how changes to FRS 102 and 105 will affect the nation’s small businesses.
Philippa Lamb is joined in the studio by Iain Wright, Chief Policy and Communications Officer; Caroline Miskin, Senior Technical Manager, Digital Taxation; and Sally Baker, Head of Corporate Reporting Strategy.
Iain Wright, Chief Policy and Communications Officer, ICAEW
Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW
Sally Baker, Head of Corporate Reporting Strategy, ICAEW
Producer
Natalie Chisholm
Episode first published: 8 April 2025 Podcast recorded: 3 April 2025
23 Jun 2021
ICAEW Insights: Tax year end, Bounce Bank Loans and cryptocurrency
00:28:53
ICAEW’s Philippa Kelly and Lindsey Wicks and PwC’s Mike Jervis join host Tom Herbert to discuss the potential moving of tax year end, Bounce Back Loan repayment options, business restructuring and cryptocurrency.
Welcome to this new ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
On today’s show, with news that the government is considering moving tax year end away from 5 April, what impact could this have on businesses and individuals? The first coronavirus Bounce Back Loans are now falling due for repayment: what should businesses consider when drawing up their plans for the rest of 2021 and beyond? And you can’t get away from cryptocurrency in the press, but should chartered accountants be taking a closer look?
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Philippa Kelly, Director, Technical Strategy Business Group, ICAEW. - Lindsey Wicks, Technical Editor, ICAEW Tax Faculty. - Mike Jervis, Restructuring and Insolvency Partner, PwC.
Producer: Natalie Chisholm
Episode first published: 24 June 2021 Podcast recorded: 21 June 2021
24 Jun 2021
ICAEW Insights In Focus: The Economics of Biodiversity: what the Dasgupta Review means for business and the profession
00:32:11
In 2019, the UK was the first major government to commission a review into the economics of declining biodiversity. Here Philippa Kelly speaks with Thomas Viegas, economic advisor to the Review, about the implications for the finance sector.
27 Jun 2021
ICAEW Insights In Focus: The BEIS White Paper – why do we need audit and corporate governance reform now?
00:33:42
The BEIS consultation on audit and corporate governance reform proposes sweeping changes that will have a profound impact on the way corporate Britain operates. Why is this necessary now? What will it mean in practical terms? And is the timing right? Cosette Reczek, a Chartered Governance Professional with over 30 years' experience and a member of the ICAEW Corporate Governance Committee, Janet Williamson, Senior Policy Officer at the TUC, and John Boulton, Director of Technical Policy at ICAEW, speak to ICAEW’s Managing Director for Reputation and Influence Iain Wright to find out more.
ICAEW Insights In Focus: The BEIS White Paper – is ARGA the corporate governance regulator we need?
00:35:19
The BEIS whitepaper proposes replacing the current regulator, the Financial Reporting Council, with a new, more powerful body, the Audit Reporting and Governance Authority – ARGA. ICAEW’s Iain Wright is joined by a mega-panel of experts to discuss this proposal: Mala Shah-Coulon, associate partner at EY; Tom Gosling, fellow at London Business School; Andrew Ninian, director of stewardship and corporate governance, The Investment Association; John Odada, head of board and committees at BP; and Elizabeth Richards, head of corporate governance, ICAEW. Part one of two.
30 Jun 2021
ICAEW Insights In Focus: The BEIS White Paper – how do we restore trust through corporate governance?
00:21:53
Trust in business and other institutions, such as Parliament and the press, has been declining for decades. How do we reverse the tide? Do the measures in the BEIS whitepaper set out a path to build back trust? In the second part of our corporate governance discussion, panellists Mala Shah-Coulon, associate partner at EY; Tom Gosling, fellow at London Business School; Andrew Ninian, director of stewardship and corporate governance, The Investment Association; John Odada, head of board and committees at BP; and Elizabeth Richards, head of corporate governance, ICAEW, talk trust with ICAEW’s Iain Wright.
05 Jul 2021
ICAEW Insights In Focus: The BEIS White Paper - how do we measure audit quality?
00:32:50
High profile frauds and corporate failures has put the spotlight on auditors. Regulators have questioned the quality of audits and the lack of competition in the audit market, leading to some of the more contentious elements of the BEIS whitepaper. What’s the right approach? Anna Draper, lead partner, BDO, Jayne Kerr, director audit strategy and public policy, PwC, Tracy Gordon, director of corporate governance, Deloitte, and Katharine Bagshaw, manager, auditing standards, ICAEW, join ICAEW’s Iain Wright to discuss.
09 Jul 2021
ICAEW Insights In Focus: Women on boards - how do we reach equality?
00:34:12
The pandemic has pushed back gender parity across the UK FTSE 350 to 2036, with women holding just 22% of all executive committee roles. Just 15 of the top companies have female chief executives. While we’ve made some progress in recent years, what needs to change to reach true equality? ICAEW's Susanna Di Feliciantonio and Jane Berney discuss the issue with a panel of experts.
The panel: - Andrew Weir, Regional Senior Partner of KPMG in Hong Kong and Vice-Chairman of KPMG China, and Global Chair of Asset Management for KPMG. - Leda Condoyanni, Chair of the Non-Executive Directors’ Club in Greece + board member of ecoDa. - Catherine Musakali, Advocate of the High Court of Kenya and Chairperson of Women on Boards in Kenya. - Susannah Haan, a non-profit leader currently holding a portfolio of non-executive director roles.
21 Jul 2021
ICAEW Insights: Blurring boundaries, e-money accounts and the future of tax
00:27:04
Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
On this show, we’ll look at how the boundaries between accountants’ personal and business lives have blurred during the pandemic, resulting in a rising number of disciplinary cases involving social media. What are the professional bodies doing about this?
ICAEW has responded to the government’s future-facing Tax Administration Framework Review, which is likely to affect all taxpayers, businesses and those who advise them. We’ll examine the review and ask why the Institute has called for more resourcing for HMRC to deliver the government’s vision.
Details of the fifth self-employment income support scheme grant have been released - how different is it from its predecessors and what should you look out for?
And what is the difference between an e-money business account and a traditional business bank account, and why does it matter?
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Philippa Kelly, Director, Technical Strategy Business Group, ICAEW - Lindsey Wicks, Technical Editor, ICAEW Tax Faculty - Sophie Wales, Director, Technical Strategy, Tax, Ethics & Law Group, ICAEW
Producers: Guy Ruddle, Natalie Chisholm
Episode first published: 22 July 2021 Podcast recorded: 19 July 2021
18 Aug 2021
ICAEW Insights In Focus: Access to finance - supporting small businesses
00:30:47
Welcome to this ICAEW Insights ‘In Focus’ podcast. ICAEW’s Head of Corporate Finance, David Petrie, is joined by a panel of experts to discuss debt, equity and other funding options for small businesses in the light of government intervention as a consequence of the pandemic and the return to growth.
Host: David Petrie, Head of Corporate Finance, ICAEW;
Guests: - Graeme Sands, Corporate and Growth Banking Director, Virgin Money UK; - Steve Cordiner, Head of Unquoted Investment, Gresham House Ventures; - Maggie Rodriguez-Piza, Chief Executive, Funding London; - Asif Ahmed, Founder & Managing Director, Acclivity Advisors; - Wendy Smith, Senior Innovation and Growth Specialist, Innovate UK EDGE North.
Producer: Natalie Chisholm.
Episode first published: 19 August 2021. Podcast recorded: 12 August 2021.
26 Aug 2021
ICAEW Insights: Late payments, basis period reform and football finance
00:35:00
Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
On this show, we’ll speak to Liz Barclay, the government’s new Small Business Commissioner, on efforts to tackle the scourge of late payments.
ICAEW Tax Faculty’s Lindsey Wicks outlines the implications of the government’s proposed reforms to basis periods.
Football finance expert and chartered accountant Kieran Maguire gives us the story behind his hit podcast ‘The Price of Football’.
And ICAEW’s Katharine Bagshaw explains why the IAASB thinks we need an audit standard for less complex entities.
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Katharine Bagshaw, Manager, Auditing Standards, ICAEW - Kieran Maguire, Football Finance Lecturer, University of Liverpool and co-founder, Price of Football podcast - Lindsey Wicks, Technical Editor, ICAEW Tax Faculty - Liz Barclay, Small Business Commissioner
Producer: Natalie Chisholm
Episode first published: 26 August 2021 Podcast recorded: 24 and 25 August 2021
14 Sep 2021
ICAEW Insights In Focus: The gender pension gap
00:33:55
Welcome to this ICAEW Insights ‘In Focus’ podcast. This is where we interrogate a specific but timely topic from the world of accountancy, business and finance. This time we examine the gender pension gap.
We hear a lot about the gender pay gap – the difference between the average earnings of men and women, but the pensions gap has had little attention, yet it is actually more acute. While the gender pay gap among full-time employees in April 2020 was 7.4%, and it was 15.5% among all employees, the gender pension gap is much wider. A recent report found a 40% gap in pension savings between women and men – that's an average difference in pension income by gender of about £7,500 a year.
According to research released by Scottish Widows earlier this year, the average woman in her twenties is on course to have £100,000 less in her pension pot at retirement than a man of the same age. Women face a higher risk of retiring in poverty than men. And the pandemic appears to have increased the gender pension gap, because women were more likely to be furloughed or lost their jobs.
Women live longer, earn less and save less. They are more likely to take long breaks from their career for caring responsibilities or to work part-time. Even the state pension is based on how many years you’ve worked or National Insurance credits you’ve received during time off for parenting or caring.
This podcast will explore all these issues, and explain how individuals, businesses and government can go about closing the gender pension gap.
Host: Rosamund Urwin
Guests: - Jane Portas, a former financial services partner at two big 4 accountancy firms, the co-founder of Insuring Women’s Futures which is a market-led programme for improving women’s and society’s financial resilience, and the author of ‘The Risks in Life’ series of reports and practical including ‘Solving women’s pension deficit to improve retirement outcomes for all. - Philippe Seidel of AGE, the largest EU-funded network of organisations of and for older people in Europe. He specialises in the fields of employment of older workers and social protection, as well as gender equality. Philippe also coordinates AGE’s relations with the European Parliament. - Philippa Kelly, ICAEW’s Director of Financial Services who leads ICAEW’s work across banking, insurance and investment management. She qualified as a chartered accountant with PwC.
Producer: Natalie Chisholm
Episode first published: 16 September 2021 Podcast recorded: 13 September 2021
23 Sep 2021
ICAEW Insights: National Insurance rise, ransomware and charity fraud
00:29:58
Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
On the show we speak to Eleanor Fairford, the National Cyber Security Centre’s Deputy Director for Incident Management, about the rising tide of ransomware, and how chartered accountants can protect themselves and their businesses.
ICAEW Tax Faculty’s Lindsey Wicks outlines the details of the government’s new health and social care levy and talks us through the Office for Tax Simplification’s report on the costs and benefits of moving tax year away from 5 April.
And ahead of Charity Fraud Awareness Week (18 – 22 October 2021), Mia Campbell, Head of Fraud Advisory Panel and Kristina Kopic, Head of Charity and Voluntary Sector, ICAEW tell us about fraud in the sector, how the pandemic has changed criminals’ behaviour, and how charities should react if the worst happens.
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Lindsey Wicks, Technical Editor, ICAEW Tax Faculty. - Eleanor Fairford, Deputy Director for Incident Management, the National Cyber Security Centre. - Mia Campbell, Head of Fraud Advisory Panel. - Kristina Kopic, Head of Charity and Voluntary Sector, ICAEW.
Producer: Natalie Chisholm
Episode first published: 23 September 2021 Podcast recorded: 15 September 2021 (ransomware section) and 21 September 2021 (tax and charity fraud sections)
06 Oct 2021
ICAEW Insights In Focus: Less Complex Entity audits
00:20:25
Welcome to this ICAEW Insights ‘In Focus’ podcast. This is where we interrogate a specific but timely topic from the world of accountancy, business and finance. This time we examine Less Complex Entity (LCE) audits.
There’s been a lot of talk about LCE audits recently and that’s because the international auditing standard-setter, the IAASB, recently issued an exposure draft for a standard for LCE audits.
This is major progress. The exposure draft issued is far from perfect, but the fact that it has been issued is a cause for celebration. ICAEW has been a robust supporter of less complex auditing standards for the audit of LCEs for many years.
The issue of an exposure draft is the start of a journey. There are significant technical issues to address before we even think about the potential for adoption and it is important to remember for now that the exposure draft has been issued by the international standard setter, the IAASB – and not by the Financial Reporting Council in the UK.
Today’s podcast panel is well versed in all the issues.
Host: Sophie Campkin, ICAEW Technical Lead, Audit and Assurance
Guests: - Fiona Wilkinson. Fiona was President of ICAEW from 2019 to 2020 and is a Board member of the International Federation of Accountants, and Chair of its Public Policy and Regulatory Advisory Group. She has been a member of the ICAEW’s Council since 2003 and has also served as chair of the Professional Standards Board, an ICAEW Board Director and chair of the Ethics Advisory Committee. She qualified as an ICAEW Chartered Accountant in 1980 with Deloitte and spent 11 years in the firm’s Audit Department before setting up her own practice as a technical consultant providing engagement quality control reviews and audit compliance reviews for small and medium-sized firms. - Catherine Hardinge. Catherine is a partner with Price Bailey. She joined the firm in 2003, having qualified with EY. She’s the firm’s compliance partner, chair of ICAEW’s LCE Audits Working Group, a member of ICAEW’s main auditing committee and an ICAEW Board member for Education and Training. - Katharine Bagshaw. Katharine is a long-standing staff member with ICAEW’s Audit and Assurance Faculty. She qualified in 1990 with EY and is a former member and deputy chair of IFAC’s SMP Committee. She’s Secretary to ICAEW’s LCE Audits Working Group.
Producer: Natalie Chisholm
Episode first published: 8 October 2021 Podcast recorded: 4 October 2021
13 Oct 2021
ICAEW Insights In Focus: Anatomy of a cyber attack
00:36:26
On this week’s ICAEW Insights in Focus podcast, we take an in-depth look at a real-life cyber attack.
It was a seemingly ordinary day in Gareth’s* life. Then the phone started ringing, and it never stopped. His company was the target of a ransomware attack. Years later, he shares his story with journalist and author of 'The Dark Net', Jamie Bartlett, as part of ICAEW’s Cyber Crime Week.
Cyber attacks such as phishing and ransomware are on the increase, as cyber criminals identify new ways to breach company systems in the new hybrid working environment.
According to the latest Cyber Security Breaches Survey, four in 10 businesses and just over a quarter of charities experienced security breaches or attacks during the first 12 months of the pandemic.
Host: Jamie Bartlett, internet culture and technology journalist, author of 'The Dark Net', 'The People Vs Tech' and 'Radicals', host of 'The Missing Cryptoqueen' podcast.
Guests: - Gareth*. Gareth is an IT manager whose previous employer suffered a major ransomware attack in 2014, before such attacks were common knowledge. He was able to overcome several hurdles in order to restore the company’s systems, and learned some valuable lessons about how to protect organisations from such attacks. - Mike O’Neill. Mike O’Neill is managing director of Optimal Risk Group and a member of the Chartered Security Professionals Regulation Authority. He and his team provide security and risk consultation services to organisations around the world, including penetration testing. - Sophie Wales. Sophie is the director of trust and ethics at ICAEW with responsibility for ethics, economic crime, fraud and business law. Sophie leads ICAEW’s policy work in these areas, engaging with government and other regulators, as well as providing guidance for members.
*Name has been changed
Producer: Natalie Chisholm
Episode first published: 15 October 2021 Podcast recorded: 7 October 2021
19 Oct 2021
ICAEW Insights: Autumn Budget and Spending Review: turbocharge or temperance?
00:34:36
Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
In this special edition, we’re joined by experts from across ICAEW’s tax and public sector team to preview the government’s Autumn Budget 2021 and Spending Review, which takes place on Wednesday 27 October.
Normally one of the biggest financial events of the year in its own right, this Budget has assumed even greater significance, being the first since the easing of lockdown measures and the tapering down of a number of key Covid support schemes, and also because the same day will see the first three-year government Spending Review in six years.
Will Rishi Sunak produce any tax rabbits from his hat, or has the biggest policy announcement already come in the form of the new Health and Social Care Levy? How much headroom does the Chancellor have to act? And what of longstanding issues such as Brexit, Making Tax Digital and the net zero agenda?
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Alison Ring Director, Public Sector & Taxation, ICAEW. - Frank Haskew, Head of Tax, ICAEW. - Anita Monteith Technical Lead & Senior Policy Adviser, Tax, ICAEW. - Martin Wheatcroft, an adviser on public finances who works closely with the ICAEW Public Sector team.
Producer: Natalie Chisholm
Episode published: Tues 19 October 2021 Episode recorded: Weds 13 October 2021
27 Oct 2021
ICAEW Insights In Focus: Prizing the public pound
00:19:43
On the latest ICAEW Insights in Focus podcast, we take a look at The Fabian Society’s new pamphlet on delivering value for money on public spending.
Transparency in public spending has never been more important. With public services under increasing pressure, government debt rising and targets in areas such as carbon emissions to be met, any spending must be backed with evidence that it will deliver value to the taxpayer.
The Fabian Society, Britain’s oldest think tank, has been developing ideas around progressive political ideas and public policy for 140 years. Its recent pamphlet 'Prizing the public pound', outlines its thoughts and recommendations on how to deliver value for money to the taxpayer in the 2020s.
In it, the Fabian Society reviews the current architecture for public audit and value for money, recommending that all expenditure proposals should be assessed against its five ‘E’s of value for money: Effectiveness, Efficiency, Equity – ensuring fair allocation of resources to meet need, Equality – pursuing both equality of opportunity and addressing all forms of inequality, and Environmental sustainability.
The pamphlet’s authors, John Tizard and David Walker, sat down with ICAEW’s Director of Public Sector and Taxation Alison Ring to discuss the recommendations within the pamphlet and the wider context in which it was written.
Host: Alison Ring, Director of Public Sector and Taxation, ICAEW
Guests: - John Tizard. A strategic adviser and commentator focusing on public policy, public services, and governance. John is a former county councillor and joint council leader, and has extensive board experience in the public sector, in business, and in charity, social business and arts organisations. - David Walker. David is an honorary member of CIPFA, the Chartered Institute of Public Finance and Accountancy. He was Managing Director for communications and public reporting at the Audit Commission before it was disbanded. He was previously an editor of Guardian Public and has co-authored books with Polly Toynbee, including 'The Lost Decade' and 'The Verdict – Did Labour Change Britain?'. - Martin Wheatcroft. Martin is an adviser and author on public finances who works closely with the ICAEW Public Sector team. He helped write ICAEW’s response to the Fabian Society pamphlet. Martin has extensive business experience as a former Big Four auditor, a chief accountant and a financial controller in international businesses. He is the author of several of ICAEW’s Better Government Series publications, ICAEW’s chart of the week and the Simply UK Government Finances series of books.
Episode first published: 27 October 2021 Podcast recorded: 15 October 2021
18 Nov 2021
ICAEW Insights: SME recovery, sustainability standards and cryptoassets nudge
00:33:39
Welcome to this ICAEW Insights podcast, where we analyse the latest news from the world of accountancy, business and finance.
On the show, we speak to Small Business Minister Paul Scully about how the government intends to help small businesses hit hard by the pandemic, what chartered accountants working in or advising small businesses can do, and how to tackle the UK’s productivity puzzle.
With the resolutions from the COP26 climate conference fresh in our minds, ICAEW’s Sarah Dunn outlines why the formation of the International Sustainability Standards Board (or ISSB) is an important step forwards for better-quality climate disclosures.
And ICAEW Tax Faculty’s Lindsey Wicks unpacks key pieces of legislation from the recent Finance Bill, assesses HMRC’s efforts to clear a backlog of self assessment registrations, and outlines the content of recent ‘nudge’ letters sent to holders of cryptoassets encouraging them to consider their capital gains tax position.
Host: Tom Herbert, online editor ICAEW Insights, We Are Sunday
Guests: - Paul Scully, Parliamentary Under-Secretary of State for Small Business, Consumers and Labour Markets, Minister for London and MP for Sutton and Cheam. - Sarah Dunn, Technical Manager Financial Reporting, ICAEW. - Lindsey Wicks, Technical Editor, ICAEW Tax Faculty.
Producers: Natalie Chisholm and Guy Lessor
Episode first published: 18 November 2021 Episode recorded: 15 and 16 November 2021
29 Nov 2021
ICAEW Insights In Focus: What next after COP26?
00:40:55
On the latest Insights In Focus podcast, we reflect as the dust settles on the COP26 discussions in Glasgow, it’s time to assess and reflect on what was – and wasn’t – achieved.
For almost 30 years, governments and policy makers have been meeting at the Conference Of Parties (COP) to try to solve the problem of climate change. In that time, it has gone from a seemingly distant issue to an imminent existential threat.
Paris 2015 was the first major COP event to feel significant to the wider population. There, governments agreed to limit global warming to below two degrees, with an ultimate goal to keep it to 1.5 degrees. To achieve this, countries would adapt to the impacts of a changing climate, and make funds available to deliver on those aims.
Six years on from the Paris Agreement, COP26 felt like a crunch point: it was essential for the assorted countries to make progress and outline a plan that would further limit emissions.
Now that COP26 is over and done with, is the new agreement enough? This podcast explores what happened at Glasgow and what it means for business and the accountancy profession.
Host: Richard Spencer, Director of Sustainability, ICAEW
Guests: - Kate Levick. The Associate Director, Sustainable Finance, at the leading climate change think tank E3G. Kate leads E3G's activities in Sustainable Finance. She is responsible for overseeing E3G’s work on public and private finance including systemic financial reform and is a veteran of many COP meetings. - Mark Gough. The CEO of the Capitals Coalition, a collaboration of businesses and other organisations from across the global economy focused on embedding social, human and natural capital into organisational decision-making. Mark has worked extensively in the private sector, leading programs and strategy for the Crown Estate and Reed Elsevier (now RELX), as well as advising many more. - Jessica Fries. Jessica is Executive Chair of Accounting for Sustainability. Established by HRH The Prince of Wales in 2004, its aim is to transform finance to make sustainable business, business as usual. While at A4S, Jessica has been responsible for establishing the International Integrated Reporting Council (IIRC), as well as A4S’s CFO Leadership Network and capital markets programme.
Episode first published: 29 November 2021 Podcast recorded: 25 November 2021
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