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Accountancy insights

Can businesses mitigate rising energy prices? Plus AI in audit, UK GAAP

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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 entities.

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Transcript

You can read the full transcript of this episode here.

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Host

  • Philippa Lamb

Guests

  • Liam Conway, Co-Founder, Greenfield Energy Group
  • Ian Pay, Head of Data Analytics, ICAEW
  • Fahad Asgar, Technical Manager, Corporate Reporting, ICAEW 

Producer

  • Natalie Chisholm

Series Lead

  • Mark Rowland

Episode first published: 6 May 2026

Podcast recorded: 29 April 2026

All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

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