Latest News
The latest practice related news from ICAEW Insights.
Mid-tier firms focused on AI and consolidation
- Article
- 22 May 2026
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.
AI and accountants: the rules and guidance you need to follow
- Article
- 20 May 2026
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.
Get ready for 2026 update to ICAEW’s Code of Ethics
- Article
- 15 Apr 2026
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.
Aligning Leadership and Technology
- Article
- 13 Apr 2026
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...
MTD for income tax is taking off – here is your 6-step plan
- Article
- 18 Mar 2026
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.
Service Line Evolution: Managing Risk as Mid-Tier Firms Diversify
- Article
- 17 Mar 2026
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 issues Engagement Letter updates: Key changes and guidance for firms
- Article
- 13 Mar 2026
ICAEW has issued updated engagement letter templates incorporating several significant new schedules designed to reflect recent regulatory, operational and technological developments.
2026: What’s next for regulatory reform?
- Article
- 24 Feb 2026
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.
Practicewire Newsletter
The latest issues concerning practices and sole practitioners from the Practicewire.
How members are putting MTD into practice
- Newsletter
- 28 May 2025
In this issue get practical insights into how members are implementing MTD. We share the updated ICAEW strategy and clarify alternate requirements.
UK Business Confidence Monitor (BCM) Q1 2025
- Newsletter
- 30 Apr 2025
In this issue read the findings of the Business Confidence Monitor for Q1 2025. The tax faculty shares key facts regarding payrolling of benefits and a government toolkit for National Living and Minimum wage communications.
Prepare for MTD income tax
- Newsletter
- 26 Mar 2025
In this issue read more about how to tackle client conversations about MTD income tax. We outline changes to Companies House identity verification and the latest sanction list.
Prepare for MTD for Income Tax
- Newsletter
- 22 Feb 2025
In this issue Rebecca Benneyworth gives insight into MTD income tax testing, the HMRC provide an AML risk assessment and we highlight the latest AI resources for your practice.
Budget drives dramatic drop in business confidence
- Newsletter
- 29 Jan 2025
In this issue we explore the effects of the budget on business confidence. We highlight new regulations around company size thresholds.
Understanding professional behaviour
- Newsletter
- 04 Dec 2024
In this issue get a better understanding of professional behaviour. We also share the FRC revised ethical standard 2024 and a new Helpsheet for amendments under FRS102.
Prepare for MTD ITSA
- Newsletter
- 06 Nov 2024
In this issue explore how to manage MTD ITSA workflows, FCA reporting obligations for auditors and CPD FAQs.
AML supervisory report findings
- Newsletter
- 06 Nov 2024
In this issue we share AML supervisory report findings and highlight the ISQM 1 annual evaluation Helpsheet.