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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

Hand in hand 2019

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.

Looking to the future of AI in corporate advisory

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

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.

Embracing digital - introducing the new Inflo Digital Audit Platform

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.

Pay it forward

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.

We need to talk about cyber

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.

Embracing digital - introducing the new Inflo Digital Audit Platform

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.

Looking to the future of AI in corporate advisory

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

Excel Tip of the Week #359 - Audit sampling templates: VBA

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.

Excel Tip of the Week #358 - Revisiting FREQUENCY

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.

Excel Tip of the Week #353 - Audit sampling templates: Dynamic arrays

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.

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.

We need to talk about cyber

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.

Big tech and the move to net zero carbon

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.

Remote auditing – remote team working

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.

Software

Embracing digital - introducing the new Inflo Digital Audit Platform

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.

Excel Tip of the Week #353 - Audit sampling templates: Dynamic arrays

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.

Excel, Teams, Zoom, PBI++ May-Aug 2020 new features

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.

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.