DiscoverAccountancy Insights
Accountancy Insights
Claim Ownership

Accountancy Insights

Author: ICAEW

Subscribed: 108Played: 2,131
Share

Description

In this podcast series from the Institute of Chartered Accountants in England and Wales (ICAEW), a panel of guests dissect the latest headlines and provide expert analysis on the top stories from across the world of business, finance and accountancy

126 Episodes
Reverse
This episode covers AI and tax work and ISA 600 on group audits, following the release of two pieces of guidance on the topics. With several tax cases in which AI has been used and provided incorrect or misleading information, we outline how to apply the five fundamental ethical principles to AI use. ISA 600 on group audits was revised, effective for audits of financial statements for periods commencing on or after 15 December 2023. These changes are quite wide ranging, particular...
Celsius network claimed to be a safe place to trade digital currencies and assets. In reality, it was using customers’ money for its own ends. In the first Behind the Numbers of the New Year, we explore the collapse of digital currency platform Celsius network, the scandal that followed, and its lasting impact on crypto asset regulation, particularly custody. Since that scandal, international regulators including the Financial Conduct Authority have been looking at custody rules and wi...
In the first episode of 2026, our usual team of soothsayers David Williamson, Frances Haque and Iain Wright review the events of the past 12 months, and look ahead to what we might expect in the coming year. Will 2026 be more of the same, or will there be some reasons to be cheerful? Could the AI bubble burst, or will it just deflate? And did our panel get anything right last year? Transcript Read the full transcript of this episode - https://www.icaew.com/insights/podcast/behind-the-numbe...
With Christmas round the corner, we’ve put together a special best of episode of Behind the Numbers, featuring some of the most memorable conversations from throughout the year. From discussions of Trump and tariffs on our 100th episode to one of our favourite conversations on the history of money, it’s an excellent way to remind yourself of what went on this year – or catch up on what you’ve missed. Links: ICAEW: Rebuilding trust in volatile times - https://www.icaew.com/insights...
This episode is all about the Budget. What was in it? What are the implications? Was there anything positive to glean from it? Stepping in for Philippa Lamb on this episode, Guy Ruddle speaks to the usual economic dream team of Santander Chief Economist Frances Haque, David Williamson, who joins us from Portcullis House, and Iain Wright, ICAEW’s Chief Policy and Communications Officer. They share their views on the early publication of the OBR’s projections, the constant leaking a...
This episode focuses on the integration of AI in audit processes, emphasising the need for practical guidance from the Financial Reporting Council (FRC) to build industry confidence, especially with smaller firms. The conversation highlighted the importance of human oversight, the role of third-party technology providers, the challenges of explainability and data security, and the need for clear communication with clients. Philippa Lamb is joined by Ramana McConnon, Head of Assurance Technolo...
In this episode, we’re exploring just how useful Large Language Models (LLMs) are when it comes to spreadsheets; what needs to happen by 18 November when it comes to Companies House ID verification; and how the OBR comes to its conclusions. Host Philippa Lamb is joined by Simon Thorne, Senior Lecturer in Computer Science, Cardiff Metropolitan University, to talk about his research into LLMs' effectiveness when it comes to spotting errors in spreadsheets, with some clear winners and losers fro...
In this episode, we discuss how prepared organisations really are for cyber attacks, what to do if and when your business is affected, and how to manage the communications challenges. We have a great case study from a company that suffered a cyber attack, with plenty of lessons about how to mitigate the impact on customers and return quickly to business as usual. Philippa Lamb is joined by Peter Davenport, Crisis Communications Specialist, Definition Group; Michael Hoare, Director, Kekst CNC;...
We’re all navigating uncertainty right now. How can accountants manage it professionally and personally? Riaz Shah OBE, former EY Partner and Professor of Practice at Hult International Business School, breaks down the biggest factors affecting the profession at the moment, and how it might shape the role and future of accountants. Then Paul Guess, Case Management Officer for accountants’ support charity CABA, talks about the mental toll that the current environment is taking on profess...
Whistleblowing is a vital process but often fraught with far more risk and emotional upheaval than it should be. In Western Europe, 43% of all occupational fraud cases come to light thanks to whistleblowers. And it’s not just fraud: cases from poor health-and-safety practices to bad team management have all been righted thanks to people speaking out. Although many whistleblowing cases do result in bad practice being stopped and workplaces improved, some whistleblowers have been victimised or ...
In this special episode of Accountancy Insights, we bring you a timely interview of Kemi Badenoch by ICAEW’s Chief Executive Alan Vallance who sat down with her after a speech she gave at Chartered Accountants’ Hall. Badenoch talked about tackling perennial long-term problems like productivity and smarter regulation. She spoke with feeling about her frustration when, as Business Secretary in the previous Conservative government, she would meet with business leaders who showed her how debilita...
Accountancy Insights explores the month’s top stories in the profession. In this episode, we discuss the introduction of four statutory instruments to enforce Companies House reform, as well as the common mistakes to avoid when scaling up a business. We also cover the introduction and content of the Next Generation ACA qualification. Philippa Lamb is joined by Mike Miller, ICAEW Economic Crime Manager; Anne Allibone, fractional CFO and commercial advisor; and Shaun Robertson, ICAEW Director o...
In this episode of Behind the Numbers, we explore what the history of money can tell us about its future. Currency has been evolving for thousands of years, but the pace of change has now escalated with the introduction of online banking and digital currencies. We discuss the parallels between modern and historical advances in currency, and key lessons as central banks look to introduce their own digital currencies. Host Philippa Lamb is joined by Polly Tsang, Senior Financial Services Regula...
ICAEW’s Iain Wright hosts a conversation with Emma Jones CBE, the government’s newly appointed Small Business Commissioner, in this special episode of Accountancy Insights. Jones discusses the Small Business Plan, launched on 30 July, which introduces new measures to tackle late payments. Estimates place the cost of late payments to the UK economy at £11bn per year as well as contributing to the closure of 38 businesses each day. Upcoming legislation will also reduce maximum payment te...
In this episode, we discuss the findings of the Post Office Horizon IT Inquiry’s first report, including lessons for other companies around culture and values. We also explore ICAEW’s latest research into mid-tier practices, covering the key drivers of growth and the biggest challenges ahead. Philippa Lamb is joined in the studio by Peter van Veen, ICAEW Director of Corporate Governance and Stewardship; and Sarah Ghaffari, ICAEW Director of Communities, Business and Practice. Ti...
In this episode of Behind the Numbers, we discuss the hits and misses of the Labour government’s first year in power. While there have been some clear wins over the past 12 months, particularly on the international stage, domestic politics have felt far less controlled. Our panel evaluates the previous year, as well as suggesting where the government goes from here as it enters its second year. Host Philippa Lamb is joined by Iain Wright, ICAEW’s Chief Policy and Communications ...
In this episode, we discuss the government’s new Industrial Strategy and, in particular, its sector plan for professional and business services with Iain Wright, ICAEW Chief Policy and Communications Officer. Iain is Chair of the Professional and Business Services Council, which has worked closely with government in devising the final plans. We also met speakers at ICAEW’s How to Fix VAT conference on 18 June 2025 to learn about the complexity of the UK’s VAT system and the obstacles t...
In this episode of Behind the Numbers, we discuss how businesses can best navigate geopolitical risk. With the Trump administration’s push for tariffs, and wars taking place in Europe and the Middle East, doing business internationally is increasingly unpredictable. We explore the lessons learned from Russia’s recent history – beginning with the fall of the Soviet Union in 1991 all the way through to the invasion of Ukraine in 2022 – and the strategies that businesses can put in place ...
In this episode, we discuss how SMEs can pursue growth in today’s environment of economic uncertainty, as well as explaining how auditors should be fulfilling their responsibilities to exercise professional judgement and scepticism. Philippa Lamb is joined by start-up consultant Romesh Jeyaseelanayagam and Rhodri Whitlock, Director at HPL Associates. Time codes 00:33 Supporting SME growth08:37 Professional judgement in audit Links ICAEW Scale-Up Live 2025: https://events.i...
Accountancy Insights is celebrating its 100th episode. To mark the occasion, we’ve brought together experts from across business, politics and technology to look at a fundamental problem that’s holding back economic growth: trust. Just how deep is the trust crisis in business and institutions that we hear so much about? And how can it possibly be rebuilt as economic volatility persists? We set the scene by discussing President Trump’s recent trade negotiations. Next, as Marks &a...
loading
Comments 
loading