Improving diversity is not just a legal imperative. The concept of diversity is an inherent good with ubiquitous appeal and ethical, social and commercial value for accounting firms. But while good practices are developing, the profession still has some way to go in the transition to becoming more diverse. Diversity and the accountancy profession is a… Read More Diversity and the accounting profession
Following the 2008 global financial crisis, the financial services industry has come under intense scrutiny. Firms need to boost trust, create socially responsible products and prevent future financial crises. In its latest publication, Culture and purpose in financial services, the Financial Services Faculty recommends actions that the industry, boards and ICAEW Chartered Accountants should be… Read More Culture and purpose in financial services
Taxing business property forms an important part of the tax base for many countries, but property taxes are often complex and can be detached from an organisation’s ability to pay. The time has come to overhaul business property tax systems and here ICAEW outlines the options. Property makes a good target for taxation. Its location… Read More Reforming property taxes for business – what are the options?
Complex legacy it environments hinder good cyber security Many large organisations struggle with complex legacy IT environments made up of fragmented, non-standard systems that often need to be supported by information held in spreadsheets. These complex IT environments are typically the result of many years of business and IT decisions, and one of the unintended… Read More Cyber security: coping with increasing complexity
PCRT sets out the principles and standards of behaviour that all members, affiliates and students must follow in their tax work. The latest version came into effect on 1 March 2017 and has now been republished in a new digital format designed to make it easier to navigate than the existing paper version. First published… Read More Professional conduct in relation to taxation (PCRT)
As of April 2018, some 250 organisations from around the world have expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) published in 2017. Given the current momentum behind the TCFD recommendations, ICAEW, in association with The Carbon Trust, have published this practical guidance for organisations wanting to learn more about… Read More A practical guide to the TCFD’s recommendations