This content is not intended to constitute legal advice. Specific legal advice should be sought before taking or refraining from taking any action in relation to the matters outlined. Please note: detailed guidance on how to implement the GDPR is not yet available from the ICO. It is expected to be available in late 2017/early… Read More The essential guide to GDPR
For the past couple of years, the foresight initiatives developed by AuditFutures have sought to rethink important aspects of the accountancy profession in an exponentially changing world. By asking uncomfortable questions and thinking proactively ahead, our action-research work has shown to disrupt the status quo in order to develop progressive ideas in the areas of… Read More Future professional: the journey
Following the triggering of Article 50, the implications of the June 2016 UK referendum remain at the forefront of political debate in the UK. The impact that Brexit will have on the UK’s financial reporting infrastructure and the related international ramifications have, however, not yet attracted sufficient attention. As part of ICAEW’s ongoing response to… Read More Brexit: implications for financial reporting
Globally, we are at the start of the conversation for extended auditor reporting with revised and new auditor reporting ISAs implemented for accounting periods ending after 15 December 2016. Extended auditor reporting was implemented successfully in the UK in 2013. Since 2013, it is interesting to note how far the UK has come: from the… Read More The Extended Audit report: the start of the conversation
Learn about the impact of artificial intelligence and the opportunities it presents for the accountancy profession. In our report Artificial intelligence and the future of accountancy, Kirstin Gillon, from ICAEW’s IT Faculty, looks at the rise of artificial intelligence, its impact on the accountancy profession and how it can be utilised by accountants.
What does the future of corporate reporting look like, what are the opportunities and challenges and where are the barriers to change? This report captures the views of key stakeholders on the topic, puts forward principal policy options and invites further debate.