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Technology

Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.

In this section

Opinion and news analysis

Hybrid working: making the tech work for teams

The pandemic has ushered in a new model of working, with many businesses considering adopting more flexibility in the longer term. That’s certainly the case for the Oil and Gas Authority, which is set to adopt a hybrid working method for its post-pandemic way of working.

Effective cyber crime insurance

Ransomware attacks on businesses and other cyber crimes are an ever-increasing threat across all industries, but is current cyber crime insurance worth it?

Robotic process automation

Automation can help process increasing volumes of data, give an opportunity for upskilling to data science, computer programming and project management, and allow accountants to spend more time with clients.

The essential guide to blockchain

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.

What is blockchain?

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.

Building a data strategy

Kirstin Gillon summarises the key points from the Tech Faculty’s recent webinar on creating a data solution that works for your business.

My system is down - what do I do now?

In the last couple of weeks, a significant number of accountants, their clients and businesses will have been affected by “major outages” with cloud accounting software.

Cryptoassets and auditing

While cryptoassets are growing in popularity, there is a lack of specific guidance on dealing with the issues around them, including over-reliance on blockchains, ownership of cryptowallets and even criminal dealing.

A New audit Methodology for the Digital Era

Inflo’s Digital Audit methodology transforms the audit process. It takes a truly data-driven approach, while harnessing the power of digital workflow to achieve a more efficient and higher quality audit – yielding a vastly improved staff and client experience.

Exploring Charts (Graphs) in Excel - 9: Colours, shadows and graphics (adding clarity not unnecessary use of options). Adding backgrounds.

With the plethora of chart options available it is all too easy to get ‘carried away’ and as mentioned in blog 5 there is a balance between medium and message. We also mentioned that in a pole of FDs that were asked to vote on their least favourite Excel feature, it was 3-D charts that topped the list. In the words of A.S.C. Ehrenberg “a Chart is a means of making results clear and memorable” and thus clarity is the primary objective

Finance in a Digital World

Digital transformation

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.

AI for finance professionals

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.

RPA for finance professionals

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.

The future of accountancy work

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.

Building a data strategy

Kirstin Gillon summarises the key points from the Tech Faculty’s recent webinar on creating a data solution that works for your business.

My system is down - what do I do now?

In the last couple of weeks, a significant number of accountants, their clients and businesses will have been affected by “major outages” with cloud accounting software.

Software

Risks and assurance of emerging technologies

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.