In a nutshell, today’s Budget was one of the most extraordinary in recent memory. It marked a significant swing in economic policy, from austerity ‘coming to an end’, to a rate of borrow-and-spend that nobody would have imagined possible from a conservative government. It also marked a shift in more immediate priorities, from preparing for a post-Brexit Britain, to dealing with the challenges of Covid-19.
CEO and President's insights
View an archive of blogs from ICAEW CEO, Michael Izza, and from past ICAEW presidents.
Local authorities are operating in difficult times, having to do more with less, and to be more innovative and commercially-minded against a backdrop of financial instability.
The trinity is complete: Sir Donald Brydon’s independent review into the quality and effectiveness of audit now nestles alongside Sir John Kingman’s review of the FRC (which came out in December 2018) and the CMA’s market study of statutory audit services (published in April last year).
February is LGBT+ History Month in the UK – a month of celebration and of information, promoting equality and diversity for everyone’s benefit – and I’d like to encourage members to get involved if you have not already.
The main themes this year were stakeholder capitalism and of course climate change. The idea that companies should be accountable to a wider group than just their shareholders has now fully come of age – and the health of the planet is the most important accountability of all.
A key part of our thought leadership work on technology and the profession focuses on real-world research – we ask questions such as, how are our members using technology to do things differently, what are the practical challenges and what are the implications for jobs and skills? Building deep knowledge and understanding of how change is actually happening is vital in order to prepare for the future.
Next week I’ll be in Davos for the 2020 World Economic Forum. I’ll be attending debates and speaking on a panel about how businesses can understand and harness the value of natural capital.
The UK will shortly be due to implement new anti-money laundering legislation and – although there is still uncertainty over the details – I want to ensure this is on radar for ICAEW members who deal with trusts.
The UK will shortly be due to implement new anti-money laundering legislation and - although there is still uncertainty over the details - I want to ensure this is on the radar for ICAEW members who deal with trusts.
If you're a fan of the mantra 'what gets measured, gets managed', then you'll be keen to embrace the opportunities provided by the internet of things.
The final two months of the year are always a tremendously busy time for any ICAEW President, and I’m glad to report that 2019 has treated me no differently.
Some of you may be aware of the life-changing work undertaken by the ICAEW Foundation. The Foundation is our charity that provides bursaries – both within the UK and across developing economies – to those from financially-challenged backgrounds who aspire to a career in accountancy.
Everyone should feel free and able to speak up in the workplace. Encouraging and supporting people to raise issues of concern when they arise, is a crucial part of maintaining a healthy workplace culture – and at ICAEW we work hard to provide this to our members and our staff.
Two weeks ago I had the honour of becoming ICAEW President. An incoming President always anticipates the year ahead and the themes which will dominate it, and in that vein I want to share my thoughts with members.
On 5 June I handed over to Fiona Wilkinson, who will lead the Institute for the next twelve months.