Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.
The Fourth Industrial Revolution is all about artificial intelligence and big data – including machine learning. These new technologies are affecting many areas of business, and corporate finance is no exception. Marc Mullen looks at how AI is changing the role of advisers – and at how human judgement will always be at the heart of successful deals.
Writing for the Financial Services Faculty, journalist Pippa Stephens looks at how privacy changes could affect credit scores and lending decisions for consumers and business.
Artificial intelligence is increasingly being used in corporate decision-making, investment and M&A. Last year, the faculty’s Shaun Beaney and Rosanna Woods of Drooms co-authored the AI in Corporate Advisory research report. This was followed in May by an evidence meeting held by the All-Party Parliamentary Group on Artificial Intelligence (APPG-AI), hosted remotely due to the COVID-19 pandemic
David Lyford-Smith explores the enduring focus on the interaction between technology and audit.
This guide from the ICAEW sets out the key features of blockchain, and the challenges it must face to reach widespread adoption. It includes case studies of real-life applications, as well as examining its impact on accountancy.
Blockchain technologies have the potential to disrupt the work of finance teams – particularly those focused on transactional tasks – by offering a system of universal entry bookkeeping, removing the need for independent verification. Here ICAEW’s Tech Faculty and Deloitte outline the basics of this complex and developing technology.
Writing for the Financial Services Faculty, Journalist Laura Miller looks at whether Open Banking could prosper during the pandemic.
Inflo are launching a new capability in their product suite – Inflo Workpapers – to create the complete Digital Accounting platform. Created by accountants for accountants, Inflo’s expanded offering will unlock the true potential of technology within audit and accounting services. Fully leveraging the power of data analytics, automation and AI allows firms to perform services more effectively, to a higher standard of quality and delivering a more value to clients.
Two ICAEW members share with us their experience of going digital and offer their tips for other firms in the process of doing the same.
The Coronavirus Job Retention Scheme portal is imperfect, yet it is a perfect example of how much and how quickly something can be achieved in pursuit of a common goal.
ICAEW member Alexis Nicolaou says blockchain is forcing accountants to evolve, get clued up and jump on board with the fourth industrial revolution.
11 June 2020: with the US Congress debating the use of Digital Dollars to help its ‘unbanked’ citizens through coronavirus, could we see Digital Pounds this side of the Atlantic?
Pillars One and Two are OECD’s response for a need to address international tax reform for digital economies across the globe.
Sometimes the parting of the ways is amicable and smooth – and sometimes it is bumpy and can leave a nasty taste in the mouth!
An article from the CCAB Economic Crime Panel on phishing and insider fraud.
Making sure your digital systems are secure is at the heart of risk mitigation, and it’s a conversation that needs to be held at board level, says Peter Lannon.
Inflo are launching a new capability in their product suite – Inflo Workpapers – to create the complete Digital Accounting platform. Created by accountants for accountants, Inflo’s expanded offering will unlock the true potential of technology within audit and accounting services. Fully leveraging the power of data analytics, automation and AI allows firms to perform services more effectively, to a higher standard of quality and delivering a more value to clients.
Writing for the Financial Services Faculty, journalist Pippa Stephens looks at how privacy changes could affect credit scores and lending decisions for consumers and business.
Artificial intelligence is increasingly being used in corporate decision-making, investment and M&A. Last year, the faculty’s Shaun Beaney and Rosanna Woods of Drooms co-authored the AI in Corporate Advisory research report. This was followed in May by an evidence meeting held by the All-Party Parliamentary Group on Artificial Intelligence (APPG-AI), hosted remotely due to the COVID-19 pandemic
27 August 2020: ICAEW have teamed up with leading finance educational course provider Kaplan to launch a Data Analytics Certificate. The certificate will be launched in November 2020.
This week we are concluding our three-part series examining different methods for building an audit sampling template with a Developer level post, working on solving the problem with VBA code.
This week, we have a Creator level post in which we’re taking a second look at a handy function for data analysis, FREQUENCY. This was first covered back in TOTW #183.
A Creator-level post in which we kick off a new mini-series. In this mini-series we will be showing how you can build a template to do audit sampling in three different ways - with traditional Excel formulas, with VBA macros, and today's topic - how to build the template with the new dynamic arrays available in Excel for Microsoft 365.
ICAEW has brought together these resources to help you understand how digital technologies are transforming economies and workplaces. Learn what it means for businesses and accountancy practices.
ICAEW has brought together these resources to help you understand artificial intelligence and what it means for finance functions. Here you'll find support on identifying how AI can benefit your organisation and how it to start implementing the technology.
ICAEW has brought together these resources to help you understand Robotic Process Automation (RPA), what it means for your organisation and how it to start implementing the technology.
Digital technologies are set to have a revolutionary impact on the work of accountants, both in business and in practice. ICAEW has gathered together these resources to ensure its members understand how finance functions will change, the skills that will be needed and the role you will play.
Two ICAEW members share with us their experience of going digital and offer their tips for other firms in the process of doing the same.
Making sure your digital systems are secure is at the heart of risk mitigation, and it’s a conversation that needs to be held at board level, says Peter Lannon.
24 July 2020: The world’s largest technology companies are making big moves to reduce their carbon emissions. ICAEW Tech Faculty’s Kirstin Gillon reviews the latest announcements and asks what other businesses can do to reduce their carbon footprint.
The spread of the coronavirus pandemic (COVID-19) resulted in the rapid adoption of remote working, including remote auditing techniques. This extract from the Audit and Assurance Faculty Know-How guide 'Remote auditing in practice' focuses on remote team working, quality control and IT security.
Inflo are launching a new capability in their product suite – Inflo Workpapers – to create the complete Digital Accounting platform. Created by accountants for accountants, Inflo’s expanded offering will unlock the true potential of technology within audit and accounting services. Fully leveraging the power of data analytics, automation and AI allows firms to perform services more effectively, to a higher standard of quality and delivering a more value to clients.
A Creator-level post in which we kick off a new mini-series. In this mini-series we will be showing how you can build a template to do audit sampling in three different ways - with traditional Excel formulas, with VBA macros, and today's topic - how to build the template with the new dynamic arrays available in Excel for Microsoft 365.
Our quarterly digest of new features across Microsoft 365 (formerly Office 365) & other business apps in written, gif, image & video format following the trend of the last two blog posts which each had over 3000 views.
Drawing on real-life experiences, this collaborative thought leadership report by ICAEW and the Institute of Chartered Accountants of India (ICAI) considers how finance functions can harness automation to deliver greater value to business and the skills needed by accountants in the future.
As accountants increasingly innovate with data, AI and other technologies, is the profession’s ethics code fit for purpose in this new world?
Many businesses have had to adapt quickly in the last three months to deal with the impact of Covid-19 and lockdown, by making sure they are able to run their businesses remotely and mainly digitally by using and implementing the right kind of software.
Cognitive and automation technologies such as artificial intelligence (AI) have drawn a great deal of interest, but also concern about the potential for bias and misuse. ICAEW’s Tech Faculty examines the risks associated with the adoption of emerging technology and how these risks can be tackled through internal controls and assurance.