(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Audit and Assurance

What auditors do – the scope of audit

The publication explains in simple terms what auditors do, why audits are necessary, and their current limitations. The paper will feed into the Brydon Review, but it is also intended to help directors, investors, politicians and policymakers in the UK and internationally understand the current model of UK audit. You can read this publication at… Read More What auditors do – the scope of audit

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Careers

Powerful ways accountants can volunteer

Employing their professional talents to make a difference outside work, ICAEW members are supporting myriad non-profits and worthy causes. David Adams outlines how accountants can use their powers for good. Accountancy plays a positive role in society, helping clients manage their finances and businesses effectively and ensuring the right amount of tax is paid on… Read More Powerful ways accountants can volunteer

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Ethics, Financial Services

Unethical big data use could undermine social purpose of financial services

We urgently need an ethical framework for the use of big data or we risk undermining the social purpose of financial services, according to ICAEW. The accountancy and finance body is calling for businesses, consumers and regulators to work together to protect vulnerable people from being exploited by the growing use of data and artificial… Read More Unethical big data use could undermine social purpose of financial services

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Corporate Governance

Companies need to recognize the benefits of whistleblowing

Whistleblowing is central to the plurality of checks and balances which allow businesses to thrive. In its report, How whistleblowing helps companies, ICAEW’s Corporate Governance Faculty elaborates on the importance of effective whistleblowing and provides essential guidance for boards on how to create environments that encourage it. Whistleblowing can be of enormous value to companies,… Read More Companies need to recognize the benefits of whistleblowing

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Fintech, Tax

Digitalisation of tax: international perspectives (2019 edition)

Find out how digital technology been utilised by international tax administrators to reduce costs and improve compliance and tax yields, while crucially assessing the future challenges these economies face. In particular, in this updated 2019 version, we synthesises a holistic review of the processes of digitalisation: the needs of the different stakeholders, the tools and… Read More Digitalisation of tax: international perspectives (2019 edition)