Latest practice related news from Insights

Caroline Smale, ICAEW’s new President, is setting an ambitious agenda for her year in office, championing members, strengthening the profession’s voice and opening up opportunities for the next generation.

The impact of technology on the workforce and continued consolidation are the key factors shaping the future of mid-tier accountancy firms in the UK, confirms ICAEW research.

Artificial intelligence is becoming a practical reality for accountancy firms, not a future concept. As Making Tax Digital increases reporting frequency and client touchpoints, many practices are looking for scalable ways to manage growing workloads more efficiently.

ICAEW has published the latest update to its Code of Ethics, which includes new sections on tax planning and related services. Find out more about the changes and the relationship between the Code and Professional Conduct in Relation to Taxation.

In mid-tier accountancy firms, achieving alignment between organisational priorities and the technology roadmap is rarely straightforward. Managing Partners (MPs) carry responsibility for strategic and commercial direction, client relationships, organisational culture and overall financial stewardship, including budget setting and investment decisions. Meanwhile Chief Technology Officers (CTOs), and their equivalents, focus on the integrity, resilience, and evolution of the firm’s digital backbone. Their perspectives can diverge, their KPIs are likely to differ, and their pace of decision-maki...

It's time to buckle up. MTD for income tax is no longer on the horizon; it's on the runway, and it's nearly time for take-off. This 6-step 'best practice' summary from IRIS can help.

Mid-tier accountancy firms are undergoing a period of structural change as they respond to shifting client expectations, technological disruption, and increasing regulatory complexity. Research from the ICAEW’s Evolution of Mid-Tier Accountancy Firms 2025 highlights a profession that is actively adapting its service mix while balancing growth opportunities with operational and regulatory risk.

ICAEW has issued updated engagement letter templates incorporating several significant new schedules designed to reflect recent regulatory, operational and technological developments.

Although the government chose to scrap the Audit Reform Bill, there is still change on the agenda, explains Sophie Wales, Director of Regulatory Policy at ICAEW.

The UK mid-tier accountancy sector continues to experience sustained consolidation, driven by strategic growth ambitions and increasing private equity (PE) interest. The ICAEW’s Evolution of Mid-Tier Accountancy Firms: 2025 report highlights that acquisition-led growth is now firmly embedded across the segment, with a substantial majority of firms having already completed at least one acquisition and many planning further transactions.