Accountancy Insights

Everyone’s talking about energy costs at the moment. Greenfields Energy Group’s co-founder LIAM CONWAY walks us through the energy impacts of the Iran War and outlines the best ways for businesses to protect themselves from global energy shocks.    Elsewhere on the episode, we discuss new guidance from the Financial Reporting Council on managing the risks for auditors when it comes to AI adoption; and a quick update on UKGAAP: the challenges that the changes pose for smaller entitiesLinksHow higher oil prices will change Britain -https://www.thetimes.com/article/f754197a-859b-460b-8ad0-1e36fc878ff1FRC – AI in Audit: Generative and Agentic AI guidance -https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/guidance/ai-in-audit/ICAEW UK GAAP hub - https://www.icaew.com/technical/corporate-reporting/uk-gaap/changes-to-uk-gaapICAEW: Changes to UK GAAP Conference - https://www.icaew.com/learning-and-development/events/corporate-reporting-conferenceICAEW podcasts - https://www.icaew.com/insights/podcastHostPhilippa LambGuestsLiam Conway, Co-Founder, Greenfield Energy GroupIan Pay, Head of Data Analytics, ICAEWFahad Asgar, Technical Manager, Corporate Reporting, ICAEW Producer Natalie ChisholmSeries LeadMark RowlandEpisode first published: 6 MayPodcast recorded: 29 April

AI is already having an impact on the make-up of audit teams and there’s some evidence it’s already reducing the number of junior roles. But it’s all still new, and developing all of the time. What about the medium and longer term effects? How might it change training and career paths and will it ultimately boost or diminish the appeal of a career in accountancy? We’re joined by a young accountant, an ex-accountant turned HR advisor, and the MD of a leading hiring firm in the audit and accounting sector, about how roles, skills and hiring practices are evolving, and what that means for the profession.LinksICAEW: Why we still need junior accountants in the age of AI - https://www.icaew.com/insights/viewpoints-on-the-news/2026/apr-2026/why-we-still-need-junior-accountants-and-how-their-role-might-changeIs There a Brain Drain in Auditing? - https://www.researchgate.net/publication/402277496_Modeling_the_Consequences_of_the_Auditors'_Leaving_the_Public_Accounting_Profession_Is_There_a_Brain_Drain_in_AuditingICAEW: How to stop accountancy's brain drain - https://www.icaew.com/insights/podcast/behind-the-numbers/how-to-stop-accountancys-brain-drain/transcriptICAEW: How is AI transforming roles in industry? - https://www.icaew.com/insights/viewpoints-on-the-news/2026/apr-2026/how-is-ai-transforming-roles-in-industryICAEW podcasts - https://www.icaew.com/insights/podcastHostPhilippa LambGuestsLola Abitogun, Fractional HR DirectorGeorge Oliver, Audit Associate, KPMGChris Lawton, Group MD, Executive Search, Robert HalfProducer Natalie ChisholmSeries LeadMark RowlandEpisode first published: 15 AprilPodcast recorded: 11 March

We’ve already seen immediate spikes and fluctuations in the oil price and the wider financial and commodity markets.  But how will the UK economy be affected in the months to come and how heavy a price will British Business pay? RSM Chief Economist Tom Pugh shares his thoughts.  Liz Barclay is Co-founder of Business 111, Special Adviser on Small Business & Entrepreneurship at the Institute of Directors and campaigner for tighter rules on late payments. She gives her views on the Government’s recently announced plans.Finally, with demand growing for AI assurance, what does good actually look like?  Expert and Senior Programme Manager in Digital Ethics & AI at TechUK, Tess Buckley, fills us in. LinksICAEW: Iran conflict sends economic shockwave across the Gulf -https://www.icaew.com/insights/viewpoints-on-the-news/2026/mar-2026/iran-conflict-sends-economic-shockwave-through-the-gulfOil prices to stay elevated across Iran War scenarios - https://www.reuters.com/business/energy/oil-prices-stay-elevated-across-iran-war-scenarios-2026-03-27/Late payments consultation response - https://www.gov.uk/government/consultations/late-payments-tackling-poor-payment-practices/outcome/late-payment-consultation-time-to-pay-up-government-response-web-versionGovernment AI assurance roadmap - https://www.gov.uk/government/publications/trusted-third-party-ai-assurance-roadmap/trusted-third-party-ai-assurance-roadmapEnsuring responsible AI development - https://www.techuk.org/resource/ensuring-responsible-ai-development-let-s-talk-about-ai-assurance.htmlHostPhilippa LambGuestsLiz Barclay, Co-founder of Business 111, Special Adviser on Small Business & Entrepreneurship at the Institute of DirectorsTess Buckley, Expert and Senior Programme Manager in Digital Ethics & AI at TechUKTom Pugh, RSM Chief EconomistProducer Natalie ChisholmSeries LeadMark RowlandEpisode first published: 1 AprilPodcast recorded: 27 March

UK Sustainability Reporting Standards (UK SRS) are bringing sustainability reporting in line with international standards. So who will be mandated to use them and how will they apply in practice? The Financial Conduct Authority (FCA) is consulting on this at the moment. One of the people behind the international standards joins us and ICAEW’s Sustainability Reporting and Assurance Director to discuss the implications of this.LinksUK Sustainability Reporting Standards - https://www.gov.uk/guidance/uk-sustainability-reporting-standardsFCA Consultation - https://www.fca.org.uk/publications/consultation-papers/cp26-5-sustainability-disclosuresIFRS Sustainability Disclosures navigator - https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ICAEW Government publishes UK SRS - https://www.icaew.com/insights/viewpoints-on-the-news/2026/feb-2026/government-publishes-uk-sustainability-reporting-standardsHostPhilippa LambGuestsRavi Abeywardana, ICAEW's Director of Sustainability Reporting and AssuranceRichard Barker, a member of the International Sustainability Standards BoardProducer Natalie ChisholmSeries LeadMark RowlandEpisode first published: 10 MarchPodcast recorded: 9 February

There’s just one month to go till Making Tax Digital kicks in for Income Tax; we take a look at how the transition will go. There’s also a lot happening in corporate reporting at the moment – Sally Baker brings us up to speed.LinksICAEW: Making Tax Digital - https://www.icaew.com/technical/tax/making-tax-digitalICAEW: MTD: How to prepare your clients - https://www.icaew.com/insights/tax-news/2026/jan-2026/mtd-how-to-prepare-your-clientsICAEW: FRC issues amendments to FRS 102 and FRS 105 - https://www.icaew.com/insights/viewpoints-on-the-news/2026/mar-2026/frc-issues-amendments-to-frs-102-and-frs105ICAEW: Government publishes UK Sustainability Reporting Standards - https://www.icaew.com/insights/viewpoints-on-the-news/2026/feb-2026/government-publishes-uk-sustainability-reporting-standardsRegulation plan update: Modernisation of Corporate Reporting - https://questions-statements.parliament.uk/written-statements/detail/2025-10-21/hcws973ICAEW: UK adopts IFRS 18 - https://www.icaew.com/insights/viewpoints-on-the-news/2025/dec-2025/landmark-moment-for-financial-reporting-as-uk-adopts-ifrs-18ICAEW: IFRS 18 fact sheet (ICAEW members only) - https://www.icaew.com/restrictedmedia?mediaItemId=03545ebb-a068-48eb-b50c-13eede0e3804HostPhilippa LambGuestsSally Baker, Head of Corporate Reporting Strategy, ICAEWRebecca Benneyworth, ICAEW Chartered AccountantProducer Natalie ChisholmSeries LeadMark RowlandEpisode first published: 4 MarchPodcast recorded: 23 and 25 February

This episode looks at routes to the C-suite, and the traits, skills and capabilities you’ll need to get you there. Accountants are highly represented in the C-suite, with one in four CEOs holding the qualification according to research by Robert Half.However, the working world is going through rapid technological and cultural transformation. So how is that changing the competencies that organisations look for in their leaders?  And how can you best prepare yourself for taking on those roles in the future?TranscriptRead the full transcript of this episode here - https://www.icaew.com/insights/podcast/behind-the-numbers/how-to-get-to-the-c-suite/transcript LinksICAEW: Soft skills for leaders (CPD) - https://www.icaew.com/insights/viewpoints-on-the-news/2025/jul-2025/free-cpd-soft-skills-for-leadersICAEW: Traits of modern CFOs - https://www.icaew.com/insights/viewpoints-on-the-news/2024/jul-2024/what-traits-make-up-the-modern-cfoICAEW: Eight lessons from my first year as CFO - https://www.icaew.com/insights/viewpoints-on-the-news/2026/feb-2026/eight-lessons-from-my-first-year-as-a-cfoICAEW: How to deal with team conflict - https://www.icaew.com/insights/viewpoints-on-the-news/2026/jan-2026/management-skills-how-to-deal-with-team-conflictHostPhilippa LambGuestsNeil Cutting, Transformation Director at OracleZana Goic Petricevic, leadership transformation expertRichard Davis, founder and CEO, FNLYProducerNatalie Chisholm Episode first published: 10 February 2026Podcast recorded: 21 January 2026

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, particularly when it comes to the treatment of component auditors. We go through the details. Links:ICAEW: Professional conduct in relation to taxation (PCRT) - https://www.icaew.com/technical/tax/working-in-tax/pcrtICAEW: Auditing groups of companies - https://www.icaew.com/technical/audit-and-assurance/audit/group-auditHMRC v Gunnarsson - https://assets.publishing.service.gov.uk/media/688240632b6fd60b7c16100d/HMRC_v_Gunnarsson_final_decision.pdfICAEW: PCRT Guidance on ethical use of AI - https://www.icaew.com/technical/tax/working-in-tax/pcrt/topical-guidance-application-of-pcrt-to-ethical-use-of-artificial-intelligence-toolsICAEW: Use of AI criticised in tax case - https://www.icaew.com/insights/tax-news/2025/aug-2025/use-of-ai-criticised-in-tax-caseICAEW: Group auditing: nine key changes for auditors - https://www.icaew.com/insights/viewpoints-on-the-news/2026/jan-2026/group-auditing-nine-key-changes-for-auditorsHostPhilippa LambGuestsSophie Wales, Director of Regulatory Policy at ICAEWCatherine Hardinge, Partner, Price Bailey    ProducerNatalie ChisholmEpisode first published: 3 February 2026Podcast recorded: 28 January 2026

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 wider regulation around digital assets. But are they on the right track?TranscriptRead the full transcript of this episode here - https://www.icaew.com/insights/podcast/behind-the-numbers/how-the-celsius-scandal-is-reshaping-crypto-regulation/transcriptLinksFounder of Celsius sentenced to 12 years for fraud - https://www.justice.gov/usao-sdny/pr/founder-celsius-sentenced-12-years-fraud-and-market-manipulationCelsius investigation: all the red flags - https://fortune.com/2023/02/07/celsius-network-investigation-red-flags/FCA Crypto Roadmap - https://www.fca.org.uk/publication/documents/crypto-roadmap.pdfFCA: Stablecoin issuance and Cryptoasset Custody proposals - https://www.fca.org.uk/publications/consultation-papers/cp25-14-stablecoin-issuance-cryptoasset-custodyICAEW: The Future of crypto regulation: key considerations - https://www.icaew.com/insights/viewpoints-on-the-news/2025/nov-2025/the-future-of-crypto-regulation-key-considerationsHostPhilippa LambGuestsPolly Tsang, Senior Financial Services Regulatory Manager, ICAEWJessica Caws, Co-Head of Financial Services at Birketts LLPShermeen Kazmi, Partner, Grant ThorntonProducerNatalie ChisholmEpisode first published: 12 January 2026Podcast recorded: 16 December 2025

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?TranscriptRead the full transcript of this episode - https://www.icaew.com/insights/podcast/behind-the-numbers/a-world-cup-bump-an-ai-slump-2026-predictions/transcriptLinksICAEW: The 2025 predictions episode - https://www.icaew.com/insights/podcast/accountancy-insights/trump-tariffs-and-eu-turmoil-2025-predictionsICAEW: UK Business Confidence Monitor - https://www.icaew.com/technical/economy/business-confidence-monitor‘The AI bubble will burst’ - https://www.bbc.co.uk/sounds/play/p0m7h23sHostPhilippa LambGuestsIain Wright, Managing Director, Reputation and Influence, ICAEWDavid Williamson, Political Editor, Sunday ExpressFrances Haque, Chief Economist, Santander UKProducerNatalie ChisholmEpisode first published: 31 December 2025Podcast recorded: 15 December 2025

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/podcast/behind-the-numbers/rebuilding-trust-in-volatile-timesICAEW: Appraising Starmer’s Labour - https://www.icaew.com/insights/podcast/behind-the-numbers/appraising-starmers-labourICAEW: How to bounce back from a cyber attack - https://www.icaew.com/insights/podcast/behind-the-numbers/how-to-bounce-back-from-a-cyber-attackICAEW: Dealing with uncertainty and mental health - https://www.icaew.com/insights/podcast/behind-the-numbers/dealing-with-uncertainty-and-mental-healthICAEW: Can history teach us anything about digital money? - https://www.icaew.com/insights/podcast/behind-the-numbers/can-history-teach-us-anything-about-digital-moneyHostPhilippa LambClips featuringIain Wright, Chief Policy & Communications Officer, ICAEWDavid Williamson, Chief Political Commentator, The Express Frances Haque, Santander Chief Economist Neil Hare-Brown, Founder, STORM GuidanceMichael Hoare, partner, Kekst CNCPaul Guess, Case Management Officer at CABARiaz Shah OBE, Professor of Practice, Hult International Business SchoolTony Moore, Lecturer in Finance, Henley Business SchoolPolly Tsang, Senior Financial Services Regulatory Manager, ICAEWProducerNatalie ChisholmEpisode first published: 18 DecemberPodcast recorded: 7 November 2025

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 ahead of the Budget, the economic implications of the measures included within it, and who it was actually for. Time codes01’53”: The OBR’s leaked report05’48”: The content of the Budget and its implications10’07”: The lack of growth measuresLinksICAEW: Budget 25: Do the tax changes meet the tenets? - https://www.icaew.com/insights/podcast/the-tax-track/budget-25-do-the-tax-changes-meet-the-tenetsHostGuy RuddleGuestsFrances Haque, Chief Economist, SantanderDavid Williamson, Chief Political Commentator, The ExpressIain Wright, Chief Policy and Communications Officer, ICAEWProducerNatalie Chisholm Episode first published: 1 December 2025Podcast recorded: 27 November 2025

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 Technology at the FRC, Jon Morris, Director of Audit and Professional Standards for Grant Thornton, and Martin Brown, Gen AI lead in Deloitte’s Audit technical team. Time codes04’50”: Discovering the AI use cases and benefits of the new technology for smaller firms13’49”: Understanding explainability and the need for human oversight with AI solutions18’25”: Are off-the-shelf solutions enough and will firms need to make big investments?LinksICAEW: FRC publishes landmark guidance on the uses of AI in audit - https://www.icaew.com/insights/viewpoints-on-the-news/2025/jul-2025/frc-publishes-landmark-guidance-on-the-uses-of-ai-for-auditFRC guidance on audit and AI - https://media.frc.org.uk/documents/AI_in_Audit.pdfICAEW: AI in audit: opportunities and challenges - https://www.icaew.com/technical/audit-and-assurance/faculty-resources/webcasts/ai-in-auditHostPhilippa LambGuestsRamana McConnon, Head of Assurance Technology at the FRCJon Morris, Director of Audit and Professional Standards for Grant ThorntonMartin Brown, Gen AI lead in Deloitte’s Audit technical teamProducerNatalie ChisholmEpisode first published: 11 November 2025Podcast recorded: 7 November 2025

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 from the process.Next, Mike Miller, ICAEW’s Economic Crime Manager, gives an update on Companies House ID verification and what Directors and accounting firms have to do to prepare. Finally, Martin Wheatcroft, Advisor on public finances for ICAEW, explains the role and methodology of the OBR.Time codes:Spreadsheets and AI – 01’06”Companies House ID Verification – 13’28”How the OBR works – 23’14”TranscriptYou can read a full transcript of the episode here: https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/the-best-and-worst-genais-for-spreadsheetsLinks:ICAEW: The best and worst gen AIs for spreadsheets - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/the-best-and-worst-genais-for-spreadsheetsSimon Thorne’s study on LLMs and spreadsheets - https://arxiv.org/abs/2506.17330ICAEW: Authorised corporate service providers (ACSP) and ID verification - https://www.icaew.com/regulation/aml-supervision/aml-resources/acsp-and-id-verificationICAEW: ID verification is coming – everything directors need to know - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/co-house-id-changes-what-directors-need-to-knowICAEW: ID verification is coming – everything accounting firms need to know - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/co-house-id-changes-what-accountants-need-to-knowICAEW: Companies House: who needs to be an ACSP and when should they register? - https://www.icaew.com/insights/viewpoints-on-the-news/2025/aug-2025/companies-house-who-needs-to-be-an-acsp-and-when-should-they-registerUK productivity downgraded - https://www.bbc.co.uk/news/articles/c0rpve82jxvoRachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip - https://www.theguardian.com/business/2025/oct/11/rachel-reeves-v-the-obr-chancellor-aims-to-loosen-the-watchdogs-gripLabour fury at OBR is understandable but misplaced - https://www.ft.com/content/f1b53cb4-ba83-4b0a-a8f3-65ffab93b299New Economics Foundation – A democratic fiscal framework - https://neweconomics.org/2025/08/a-democratic-fiscal-frameworkHostPhilippa LambGuestsSimon Thorne, Senior Lecturer in Computer Science, Cardiff Metropolitan UniversityMike Miller, Economic Crime Manager, ICAEWMartin Wheatcroft, Advisor on public finances, ICAEWProducerNatalie ChisholmEpisode first published: 28 October 2025Podcast recorded: 22nd October 2025All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

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;  Neil Hare-Brown, Founder, Storm Guidance; and Nadeem Raza, CEO, Microlise.Time Codes11:01: Nadeem Raza from Microlise shares his cyber attack case study15:07: A deeper dive into how M&S and Jaguar Land Rover are managing the ongoing challenges from cyber attacks27:25: The speakers share their top tips for cyber attack preparednessTranscript: You can read the full transcript of this episode here: https://www.icaew.com/insights/podcast/behind-the-numbers/how-to-bounce-back-from-a-cyber-attack/transcriptLinksICAEW: Cyber Security awareness -https://www.icaew.com/technical/technology/cyber-security/cybercrime-awareness-monthICAEW: Four cyber security lessons from M&S and other breaches - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/four-cyber-security-lessons-from-mands-and-other-breachesHostPhilippa LambGuestsPeter Davenport, Crisis Communications Specialist, Definition GroupMichael Hoare, Director, Kekst CNCNeil Hare-Brown, Founder, Storm GuidanceNadeem Raza, CEO, MicroliseProducerNatalie ChisholmEpisode first published: 14 October 2025Podcast recorded: 7 October 2025

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 professionals, and the kind of support that they can expect to receive.Links:https://www.icaew.com/learning-and-development/events/icaew-annual-conferencehttp://caba.org.uk/https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/global-trust-in-chartered-accountants-rises-in-ai-worldhttps://www.icaew.com/insights/viewpoints-on-the-news/2025/jul-2025/ai-should-it-replace-junior-roles HostPhilippa LambGuestsRiaz Shah OBE, Professor of Practice, Hult International Business SchoolPaul Guess, Case Management Officer, CABAProducerNatalie ChisholmEpisode first published: 8 October 2025Podcast recorded: 25 September 2025

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 forced out of their jobs. In the UK, the new Failure to Prevent Fraud offence will mandate large employers to put clear whistleblowing policies in place, and both the Serious Fraud Office and HMRC are looking at schemes to incentivise whistleblowing.Andrew Pepper-Parsons, Director of Policy and Communications at whistleblowing charity Protect, and Brendan Weekes, Associate Director at accountancy firm, S&W, join our host Philippa Lamb to discuss the topic, why a significant minority of whistleblowers don’t get the requisite protection and what the forthcoming regulation and potential SFO and HMRC schemes will mean for UK business. They also both discuss some best practice case studies from organisations that are doing a good job of encouraging people to speak up when they see something that’s not right. This includes the Wellcome Trust’s excellently named scheme “The Only Way is Ethics”.Linkshttps://protect-advice.org.uk/checklist-for-whistleblowers/https://whistleblowersblog.org/global-whistleblowers/uks-sfo-director-continues-to-push-for-whistleblower-awards/https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/the-four-elements-of-effective-whistleblowing-culturehttps://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/why-whistleblowing-is-a-requirement-not-a-choice-for-accountantsHostPhilippa LambGuests●       Andrew Pepper-Parsons, Director of Policy and Communications, Protect●       Brendan Weekes, Associate Director, S&W ProducerNatalie ChisholmEpisode first published: 25 September 2025Podcast recorded: 12 September 2025

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 debilitating regulation could be for business if the consequences of new laws are not thought through properly.Drawing on her tech background, she also disagreed with her former colleague Jeremy Hunt that AI would replace accountants, saying “I don’t think accountants have anything to worry about.” ICAEW’s Chief Policy and Communications Officer Iain Wright then joins our host Philippa Lamb to discuss Badenoch’s proposals and how it’s further evidence of ICAEW’s unique position as a leading voice for business.Links ICAEW: More on Kemi Badenoch’s speech - https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/kemi-badenoch-speaks-at-icaew-we-need-to-take-risksICAEW Policy: How the government can deliver growth - https://www.icaew.com/about-icaew/regulation-and-the-public-interest/policy/how-the-government-can-deliver-growth HostPhilippa LambGuestsIain Wright, Chief Policy and Communications Officer, ICAEWProducerNatalie ChisholmEpisode first published: 18 September 2025Podcast recorded: 12 September 2025 

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 of Education and Qualifications.Time codes00:30 Companies House update11:00 Scaling up smartly21:54 The Next Generation ACA LinksICAEW: Four draft instruments brought in to enforce Companies House reform: https://www.icaew.com/insights/viewpoints-on-the-news/2025/jul-2025/four-draft-instruments-brought-in-to-enforce-companies-house-reformICAEW: How to grow hub: https://www.icaew.com/technical/business/how-to-grow ICAEW: Next Generation ACA hub: https://www.icaew.com/learning-and-development/aca/next-generation-aca  HostPhilippa Lamb GuestsMike Miller, Economic Crime Manager, ICAEWAnne Allibone, fractional CFO and commercial advisorShaun Robertson, Director, Education and Qualifications, ICAEW ProducerNatalie Chisholm  Episode first published: 11 September 2025

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 Regulatory Manager at ICAEW; and Dr Tony Moore, Lecturer in Finance at Henley Business School.Links ICAEW Technology hub: https://www.icaew.com/technical/technology ICAEW Financial Services Faculty: https://www.icaew.com/technical/financial-servicesHostPhilippa LambGuestsPolly Tsang, Senior Financial Services Regulatory Manager, ICAEWDr Tony Moore, Lecturer in Finance, Henley Business SchoolProducerNatalie ChisholmEpisode first published: 20 August 2025Podcast recorded: 13 August 2025

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 terms from 60 to 45 days . She also shares learnings from a career spent in small business. Jones founded and exited her first business at the age of 27 and then went on to establish both Enterprise Nation and StartUp Britain to support small and young businesses across the country. She has also previously served as SME Representative for the Crown Commercial Service.  Links Policy paper: ‘Backing your business: Our plan for small and medium-sized businesses’: https://assets.publishing.service.gov.uk/media/688b1f6f1affbf4bedb7b11d/our-plan-for-small-and-medium-sized-businesses.pdf Open consultation: ‘Late payments: tackling poor payment practices’: https://www.gov.uk/government/consultations/late-payments-tackling-poor-payment-practices ICAEW Small and Micro Business Community: https://www.icaew.com/technical/small-and-micro-business-community HostIain Wright, Chief Policy and Communications Officer, ICAEW GuestEmma Jones CBE, Small Business Commissioner ProducerNatalie Chisholm Episode first published: 12 August 2025Podcast recorded: 7 August 2025

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. Time codes00:39 Inside the Post Office Inquiry22:29 New mid-tier research LinksICAEW event: Post Office treatment and abuse of Sub Post Masters: https://events.icaew.com/pd/31471/follow-up-post-office-treatment-and-abuse-ofICAEW: Evolution of mid-tier accountancy firms: https://www.icaew.com/technical/practice-resources/evolution-of-mid-tier-accountancy-firms  HostPhilippa Lamb GuestsPeter van Veen, Director, Corporate Governance and Stewardship, ICAEWSarah Ghaffari, Director, Communities, Business and Practice, ICAEW ProducerNatalie Chisholm  Episode first published: 22 July 2025Podcast recorded: 15 July 2025

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 Officer; Frances Haque, Santander UK’s Chief Economist; and David Williamson, Chief Political Commentator at the Daily Express. Links ICAEW: Economy hub: https://www.icaew.com/technical/economyICAEW Policy: How the government can deliver growth: https://www.icaew.com/about-icaew/regulation-and-the-public-interest/policy/how-the-government-can-deliver-growth  HostPhilippa Lamb GuestsIain Wright, Chief Policy and Communications Officer, ICAEWFrances Haque, Chief Economist, Santander UKDavid Williamson, Chief Political Commentator, Daily Express ProducerNatalie Chisholm Episode first published: 14 July 2025Podcast recorded: 7 July 2025

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 to reforming the tax. Those interested in sharing their views on the Industrial Strategy can contact Iain Wright by emailing [email protected]. Time codes00:42 Inside the Industrial Strategy22:46 Navigating VAT reform LinksICAEW: Industrial strategy – four changes to boost professional services: https://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/industrial-strategy-four-changes-to-boost-professional-services ICAEW: Industrial and Infrastructure Strategies – key measures at a glance: https://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/industrial-and-infrastructure-strategies-at-a-glance ICAEW: Government reveals ambitions for key sectors: https://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/government-reveals-ambitions-for-key-sectors ICAEW: UK government backs services in Trade Strategy: https://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/uk-government-backs-services-in-trade-strategy ICAEW: VAT hub: https://www.icaew.com/technical/tax/vat  HostPhilippa Lamb GuestsIain Wright, Chief Policy and Communications Officer, ICAEWMax Schofield, Barrister, Devereux ChambersRebecca Porter, CEO, The VAT TeamJohn Whiting CBE, Former Tax Director, Office of Tax SimplificationYige Zu, Associate Professor, Durham UniversityDennis Lui, CEO, Tax Academy of SingaporeEd Saltmarsh, Technical Manager, VAT and Customs, ICAEWProducerNatalie Chisholm  Episode first published: 8 July 2025Podcast recorded: 1 July 2025

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 to move quickly should similar risks materialise. Host Philippa Lamb is joined by Peter van Veen, ICAEW Director of Corporate Governance and Stewardship, and Charles Hecker, author and risk analyst.  Links ICAEW: Corporate governance resources: https://www.icaew.com/technical/corporate-governance ICAEW: Ukraine crisis central resource hub: https://www.icaew.com/insights/insights-specials/ukraine-crisis-central-resource-hub  HostPhilippa Lamb GuestsPeter van Veen, Director, Corporate Governance and Stewardship, ICAEWCharles Hecker, author and risk analyst ProducerNatalie Chisholm Episode first published: 20 June 2025Podcast recorded: 13 June 2025

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 codes00:33 Supporting SME growth08:37 Professional judgement in audit LinksICAEW Scale-Up Live 2025: https://events.icaew.com/pd/31049/scale-up-live-2025ICAEW: The importance of people and culture when scaling up: https://www.icaew.com/insights/viewpoints-on-the-news/2025/apr-2025/the-importance-of-people-and-culture-when-scaling-upICAEW Audit and Assurance: Professional judgement resources: https://www.icaew.com/technical/audit-and-assurance/professional-judgementICAEW Audit and Assurance: Professional scepticism resources: https://www.icaew.com/technical/audit-and-assurance/professional-scepticism  HostPhilippa Lamb GuestsRomesh Jeyaseelanayagam, Founder, The FD ConsultantRhodri Whitlock, Director, HPL Associates ProducerNatalie Chisholm  Episode first published: 13 June 2025Podcast recorded: 5 June 2025

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 & Spencer continues to grapple with its near-catastrophic cyber attack, we explore how businesses can best protect themselves against the escalating risk of cybercrime. And finally, we speak with ICAEW Chief Executive Alan Vallance and Baroness Margaret Ford, Chair of the newly launched Centre for Public Interest Audit, on remedying the impact of high-profile corporate failures on public confidence in business. This episode is available in both audio and video formats. Join thousands who have already subscribed to Accountancy Insights so that you never miss an episode. Time codes01:19 Navigating trade and tariffs20:47 Guarding against cybercrime30:05 Strengthening public confidence49:57 Final thoughts Links ICAEW Economy hub: https://www.icaew.com/technical/economyICAEW Cyber Security hub: https://www.icaew.com/technical/technology/cyber-security ICAEW Trust and Ethics hub: https://www.icaew.com/technical/trust-and-ethicsThe Centre for Public Interest Audit: https://www.cpia.org.uk  HostPhilippa Lamb GuestsAlan Vallance, Chief Executive Officer, ICAEWBaroness Margaret Ford, Chair, The Centre for Public Interest AuditIain Wright, Chief Policy and Communications Officer, ICAEWFrances Haque, Chief Economist, Santander UKDavid Williamson, Chief Political Commentator, Sunday ExpressPaul Munson, EU Compliance Lead, Rippling ProducerNatalie Chisholm Episode first published: 30 May 2025Podcast recorded: 20 May 2025

In this episode, we discuss the government’s new measures to collect billions of pounds in unpaid taxes, as well as covering the key changes to ICAEW’s Code of Ethics, which come into effect on 1 July 2025. Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax; and Laura Hough, Director of Trust and Ethics. This episode refers to penalty rates based on the Bank of England base rate, correct as of 1 May 2025. Make sure you check the current rates. Time codes00:28 Collecting unpaid taxes06:04 Revisions to the Code of Ethics LinksHMRC: If you cannot pay your tax bill on time: https://www.gov.uk/difficulties-paying-hmrcICAEW: Government takes further action to reduce tax debt: https://www.icaew.com/insights/tax-news/2025/mar-2025/government-takes-further-action-to-reduce-tax-debtICAEW: HMRC increases interest rates for tax paid late: https://www.icaew.com/insights/tax-news/2025/mar-2025/hmrc-increases-interest-rates-for-tax-paid-late ICAEW Code of Ethics: https://www.icaew.com/technical/trust-and-ethics/ethics/code-of-ethicsICAEW: Keep on top of developments in ethics: https://www.icaew.com/insights/viewpoints-on-the-news/2025/apr-2025/keep-on-top-of-developments-in-ethics Accountancy Insights: Regulating tax advice, plus new professional behaviour wording: https://www.icaew.com/insights/podcast/accountancy-insights/regulating-tax-advice-plus-new-professional-behaviour-wording HostPhilippa Lamb GuestsStephen Relf, Technical Manager, Tax, ICAEWLaura Hough, Director, Trust and Ethics, ICAEW ProducerNatalie Chisholm  Episode first published: 12 May 2025Podcast recorded: 1 May 2025

In this episode of Behind the Numbers, we discuss how professionals should approach social media. Social media can be a minefield, particularly when personal and professional lives are closely interwoven. Online debate has become increasingly polarised, including how people use professional networks such as LinkedIn. We cover some common pitfalls and explain how ethical principles should be informing the behaviour of chartered accountants online. Host Philippa Lamb is joined by Lucy Penrose, Director of Ethics, Risk and Compliance at RSM UK; Junaidy Ab-Mutalib, Managing Partner at JM & Co Chartered Accountants in Kuala Lumpur; and Hannah Macdonald, Founder of Accountancy Hub. Links ICAEW Code of Ethics: https://www.icaew.com/technical/trust-and-ethics/ethics/code-of-ethics ICAEW ethics helpsheets: Using social media: https://www.icaew.com/technical/tas-helpsheets/ethics/using-social-media  HostPhilippa Lamb GuestsLucy Penrose, Director, Ethics, Risk and Compliance, RSM UKJunaidy Ab-Mutalib, Managing Partner, JM & Co Chartered AccountantsHannah Macdonald, Founder, Accountancy Hub ProducerNatalie Chisholm Episode first published: 29 April 2025Podcast recorded: 22 April 2025

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. Time codes00:41 Trump administration tariffs14:07 Making Tax Digital at 1020:48 Changes to FRS 102 and 105 LinksICAEW Insights: https://www.icaew.com/insightsICAEW events: https://events.icaew.com ICAEW: Making Tax Digital: https://www.icaew.com/technical/tax/making-tax-digitalICAEW: Periodic review of UK GAAP: https://www.icaew.com/technical/corporate-reporting/uk-gaap/periodic-review-of-uk-gaap ICAEW Corporate Reporting Conference (9 June 2025): https://www.icaew.com/learning-and-development/events/corporate-reporting-conference HostPhilippa Lamb GuestsIain Wright, Chief Policy and Communications Officer, ICAEWCaroline Miskin, Senior Technical Manager, Digital Taxation, ICAEWSally Baker, Head of Corporate Reporting Strategy, ICAEWProducerNatalie Chisholm Episode first published: 8 April 2025Podcast recorded: 3 April 2025

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. Links ICAEW: Economy: https://www.icaew.com/technical/economy  HostPhilippa Lamb GuestsJohn Boulton, Director, Policy, ICAEWJohn Godfrey, Managing Director, Public Affairs and Research, TheCityUK Peter Arnold, Chief Economist, EY UKAnne Allibone, fractional CFO, Allibone Consulting ProducerNatalie Chisholm Episode first published: 25 March 2025Podcast recorded: 21 March 2025

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. Links The future of a tax administration authority: https://www.icaew.com/insights/tax-news/2025/mar-2025/the-future-of-a-tax-administration-authorityTen tax changes taking effect from April 2025: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2025/ten-tax-changes-taking-effect-from-april-2025 Don’t forget April tax changes for double cab pick-ups, says ICAEW: https://www.icaew.com/insights/tax-news/2025/feb-2025/dont-forget-april-tax-changes-for-double-cab-pick-ups-says-icaewIs the FRC doing enough to support small audits?: https://www.icaew.com/insights/viewpoints-on-the-news/2025/feb-2025/is-the-frc-doing-enough-to-support-small-auditsHostPhilippa Lamb GuestsStephen Relf, Technical Manager, Tax, ICAEWCatherine Hardinge, Partner, Technical, Price Bailey LLPJames Murray, Exchequer Secretary to the Treasury and chair of HMRC boardLord O’Donnell, former Permanent Secretary to the TreasuryHeather Self, Consultant, Blick RothenbergPaul Aplin, Vice-President, Chartered Institute of TaxationDavid Gauke, former Treasury ministerAmanda Tickel, Head of Tax and Trade Policy, Deloitte ProducerNatalie Chisholm  Episode first published: 17 March 2025Podcast recorded: 6 March 2025

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. Links ICAEW: Employee ownership: https://www.icaew.com/technical/business/business-start-up-and-finance/employee-ownership Insight: employee ownership trusts: https://www.icaew.com/technical/corporate-finance/corporate-finance-resources/corporate-financier/2025/articles/february/insight-employee-ownership-trusts  HostPhilippa Lamb GuestsGraeme Nuttall OBE, International Ambassador, Employee Ownership AssociationSimon Blake, Head of Strategic Corporate Finance, Price BaileyPeter Hollis, Principal, Hollis & Co ProducerNatalie Chisholm Episode first published: 3 March 2025Podcast recorded: 24 February 2025

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. Time codes00:52 Trump tariffs update15:17 HMRC service standards  LinksICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor ICAEW-CIOT event: 20 years of HMRC – reflections and looking ahead: https://events.icaew.com/pd/30211/ICAEW podcast: The Tax Track: https://www.icaew.com/insights/podcast/the-tax-track  HostPhilippa Lamb GuestsIain Wright, Managing Director, Reputation and Influence, ICAEWEd Saltmarsh, Technical Manager, VAT and Customs, ICAEW ProducerNatalie Chisholm  Episode first published: 13 February 2025Podcast recorded: 6 February 2025

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. Links ICAEW technology resources: https://www.icaew.com/technical/technologyMid-Tier Tech Forum: digital skills: https://events.icaew.com/pd/30692?code=ijMH8fKJCg HostPhilippa Lamb GuestsDaniel Clark, business trainer and writerJulia Penny, Director, JS Penny; ICAEW past-PresidentJenny Blewett, Head of Finance, Costello Medical ProducerNatalie Chisholm Episode first published: 30 January 2025Podcast recorded: 23 January 2025

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. Links ICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor HostPhilippa Lamb GuestsIain Wright, Managing Director, Reputation and Influence, ICAEWDavid Williamson, Political Editor, Sunday ExpressFrances Haque, Chief Economist, Santander UK ProducerNatalie Chisholm Episode first published: 3 January 2025Podcast recorded: 17 December 2024

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. Links ICAEW: Connecting sustainability and finance: https://www.icaew.com/technical/sustainability/resources-collection/connecting-sustainability-and-finance ICAEW Sustainability Accelerator Programme: https://www.icaew.com/learning-and-development/icaew-sustainability-accelerator-programme HostPhilippa Lamb GuestsRichard Spencer, Director, Sustainability, ICAEWMarie-Josée Privyk, ESG coach and adviserDavid Wray, Founder, DWG; IESBA Ethics Board member ProducerNatalie Chisholm Episode first published: 12 December 2024Podcast recorded: 5 December 2024

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 codes00:55 Regulating tax advice08:09 New professional behaviour wording LinksICAEW: 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-advisersICAEW: The new Code of Ethics: understanding professional behaviour: https://www.icaew.com/insights/viewpoints-on-the-news/2024/nov-2024/the-new-code-of-ethics-understanding-professional-behaviour  HostPhilippa Lamb ReporterMark Rowland GuestsRay McCann, Consultant, Charter TaxSophie Wales, Director of Regulatory Policy, ICAEW ProducerNatalie Chisholm  Episode first published: 2 December 2024Podcast recorded: 25 November 2024

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. Links ICAEW Public Sector Conference: https://www.icaew.com/learning-and-development/events/public-sector-conference ICAEW Local government finance: skills for the future: https://www.icaew.com/technical/public-sector/public-sector-financial-management/local-government-finance-skills-for-the-future ICAEW Public Sector Community: https://www.icaew.com/groups-and-networks/communities/public-sector ICAEW vision for local audit: https://www.icaew.com/technical/public-sector/public-sector-audit-and-assurance/uk-public-sector-audit/icaew-vision-for-local-audit HostPhilippa Lamb GuestsAlison Ring, Director, Public Sector and Taxation, ICAEWCecilie Booth, Executive Director of Resources, Peterborough City CouncilPaul Dossett, Head of Public Sector Assurance, London and South East, Grant Thornton UK ProducerNatalie Chisholm Episode first published: 21 November 2024Podcast recorded: 14 November 2024

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. LinksICAEW: Autumn Budget 2024: https://www.icaew.com/technical/economy/autumn-budget-2024  HostPhilippa Lamb GuestsIain Wright, Managing Director, Reputation and Influence, ICAEWFrances Haque, Chief Economist, Santander UKDavid Williamson, Political Editor, Sunday Express ProducerNatalie Chisholm  Episode first published: 1 November 2024Podcast recorded: 31 October 2024

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. Links ICAEW artificial intelligence hub: https://www.icaew.com/technical/technology/artificial-intelligenceICAEW cyber security hub: https://www.icaew.com/technical/technology/cyber-security HostPhilippa Lamb GuestsIan Pay, Head of Data Analytics and Tech, ICAEWMark Turner, Chief Technology Officer, MitigoPaul Munson, EU Compliance Lead, Rippling ProducerNatalie Chisholm Episode first published: 18 October 2024Podcast recorded: 11 October 2024

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. Time codes00:30 Group audit06:18 AI Bill LinksICAEW: Reminders on group audit: https://www.icaew.com/technical/audit-and-assurance/faculty-resources/audit-and-beyond/2024/articles/reminders-on-group-audit ICAEW Artificial intelligence hub: https://www.icaew.com/technical/technology/artificial-intelligence  HostPhilippa Lamb Guests Catherine Hardinge, Partner, Price BaileyOliver Nelson-Smith, Tech Policy Manager, ICAEW ProducerNatalie Chisholm  Episode first published: 7 October 2024Podcast recorded: 30 September 2024  

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. Links ICAEW Scotland: https://www.icaew.com/groups-and-networks/local-groups-and-societies/scotland-dsThe Conversation: ‘Why you should expect to pay more tourist taxes – even though the evidence for them is unclear’: https://theconversation.com/why-you-should-expect-to-pay-more-tourist-taxes-even-though-the-evidence-for-them-is-unclear-229134Welsh Government: ‘Comparative analysis of the tax systems faced by the visitor economies in selected countries’: https://www.gov.wales/comparative-analysis-tax-systems-faced-visitor-economies-selected-countries  HostPhilippa Lamb GuestsClare Beck, Chair, ICAEW Scotland Board Jim Orr, Internal AuditorRhys Ap Gwilym, Senior Lecturer, Economics, Bangor UniversitySue Rathmell, Partner, Indirect Tax, MHA ProducerNatalie Chisholm Episode first published: 25 September 2024Podcast recorded: 17 September 2024

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. Time codes00:38 Taxing cryptoassets10:52 Reporting suspicions of fraud LinksICAEW TAXline: The basics of taxing cryptoassets: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2024/the-basics-of-taxing-cryptoassets ICAEW TAXguide 01/2024: Taxation of cryptoassets for individuals: https://www.icaew.com/technical/tax/tax-faculty/taxguides/2024/taxguide-01-24ICAEW TAXguide 02/2024: Taxation of cryptoassets for businesses: https://www.icaew.com/technical/tax/tax-faculty/taxguides/2024/taxguide-02-24Financial Reporting Council: ISA (UK) 240: https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditing-standards/isa-uk-240/Financial Reporting Council: ISA (UK) 250 Section A: https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditing-standards/isa-uk-250-section-a/Financial Reporting Council: ISA (UK) 250 Section B: https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditing-standards/isa-uk-250-section-b/  HostPhilippa Lamb GuestsRichard Jones, Senior Technical Manager, Tax Policy, ICAEWDion Seymour, Crypto and Digital Assets Technical Director, AndersenReuben Wales, Head of Financial Services, ICAEW ProducerNatalie Chisholm  Episode first published: 9 September 2024Podcast recorded: 2 September 2024

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. Links ICAEW: Evolution of mid-tier accountancy firmshttps://www.icaew.com/technical/practice-resources/evolution-of-mid-tier-accountancy-firms  HostPhilippa Lamb GuestsKat Hearn, Senior Technical Manager, ICAEWAndroulla Soteri, Chief People Officer, Dains AccountantsLola Abitogun, Founder, Alchemy HR ProducerNatalie ChisholmEpisode first published: 23 August 2024Podcast recorded: 15 August 2024

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. Time codes00:58 ICAEW Business Confidence Monitor10:33 Local authority finances17:21 Probate service24:52 Business taxation LinksICAEW Business Confidence Monitor: https://www.icaew.com/bcmICAEW probate hub: https://www.icaew.com/probateICAEW Tax Faculty: https://www.icaew.com/technical/tax/tax-faculty ICAEW TAXline: https://www.icaew.com/taxlineICAEW Budget submissions: [email protected]  HostPhilippa Lamb GuestsIain Wright, Managing Director, Reputation and Influence, ICAEWAlison Ring, Director, Public Sector and Taxation, ICAEWSophie Wales, Director, Regulatory Policy, ICAEWRichard Jones, Senior Technical Manager, Tax Policy, ICAEW ProducerNatalie Chisholm  Episode first published: 12 August 2024

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. Links ICAEW Women in Finance Community: https://www.icaew.com/groups-and-networks/communities/join-women-in-finance-community  HostPhilippa Lamb GuestsTanuvi Ethunandan, entrepreneur and product managerHelen Burnell, Partner, ShoosmithsSuzi Gillespie, Head of Research, British Private Equity & Venture Capital Association ProducerNatalie Chisholm Episode first published: 2 August 2024Podcast recorded: 26 July 2024

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. LinksICAEW Manifesto 2024: https://www.icaew.com/technical/economy/manifesto-2024ICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor  HostIain Wright, Managing Director, Reputation and Influence, ICAEW GuestsFrances Haque, Chief Economist, Santander UKDavid Williamson, Political Editor, Sunday Express ProducerNatalie Chisholm  Episode first published: 12 July 2024Podcast recorded: 11 July 2024

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. Links Tackling groupthink – why stupid questions don’t exist: https://www.icaew.com/insights/viewpoints-on-the-news/2024/jun-2024/tackling-groupthink-why-stupid-questions-dont-exist  HostPhilippa Lamb GuestsBaroness Helena Morrissey, financierPeter van Veen, Director, Corporate Governance and Stewardship, ICAEWKevin Davidson, CEO, Norman Broadbent ProducerNatalie Chisholm Episode first published: 28 June 2024Podcast recorded: 21 June 2024

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. LinksBe part of ICAEW Corporate Reporting: https://www.icaew.com/joincrf ICAEW: The road ahead for VAT and PHVs: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2024/the-road-ahead-for-vat-and-phvs  HostPhilippa Lamb GuestsSally Baker, Head of Corporate Reporting Strategy, ICAEWEd Saltmarsh, Technical Manager, VAT and Customs, ICAEW ProducerNatalie Chisholm  Episode first published: 5 June 2024Podcast recorded: 3 June 2024

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 Links ICAEW - Generative AI Guide: https://www.icaew.com/technical/technology/artificial-intelligence/generative-ai-guideICAEW - Finance in a Digital World: https://www.icaew.com/technical/technology/finance-in-a-digital-world  HostPhilippa Lamb GuestsKonrad Bukowski-Kruszyna, Audit Data Analytics Director, RSM UKFay Bordbar, Global Digital Skills Lead, MazarsOliver Nelson-Smith, Tech Policy Manager, ICAEW ProducerNatalie Chisholm Episode first published: 29 May 2024Podcast recorded: 23 May 2024