In our first post-pandemic research focused on mid-tier practice technology, we’ve seen some substantial changes in the landscape. Responses have given us cause to be optimistic, but also highlight challenges in the digital transformation journey. Addressing these challenges presents opportunities for firms, software providers and ICAEW.
Digitising your practice
Advances in technology have led to a reduced demand for traditional accountancy services and created new opportunities and challenges. ICAEW's Tech Faculty outlined how digital technologies, are changing accountancy practices and their work in its report "Providing leadership in a digital world".
In this article, Andrew Coulson FCA talks about how to select apps for advisory and how to use them to support delivering business advice.
How can accountants turn accounting apps to their advantage and use them to generate income? Matt Flanagan from BlueHub shares his tips.
Making Tax Digital
ICAEW’s Tax Faculty examines the latest MTD publications, including the amended MTD ITSA regulations and the government’s response to the public accounts committee report on MTD.
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Amendments to the regulations and notices for making tax digital income tax self assessment (MTD ITSA) need to be set in the context of wider concerns about the programme.
ICAEW’s Tax Faculty is seeking feedback on draft regulations and notices on MTD ITSA. The faculty has highlighted four key points for members to consider.
ICAEW’s Financial Services Faculty is looking at how firms and consumers can deal with the challenges presented by a big data world.
A paper from Credit Suisse entitled: Data Analytics Transforming Internal Audit – Pillars of Success, written by Stephen Magora, Director, Data Analytics at Credit Suisse.
How internal auditors should strengthen their governance frameworks to cover emerging data-analytics risks in the areas of quality, talent, independence and security.
Chris Evans speaks to data evangelist Ian Matthews at NGDATA about the challenges banks face adapting to the ‘next generation’ of customers