Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.
Advanced technologies are revolutionising accounting and business, but unintended consequences have arisen when replacing humans with algorithms.
As more and more accountants look to make use of new capabilities in artificial intelligence (AI), it’s helpful to share experience of how people have used it to date.
The first AI winter happened in the 1970s and followed years of heavy investment in AI technologies, especially by the US military.
Oliver Cummings of Capitalise is upbeat about the expanding real-world use of artificial intelligence for the accountancy profession.
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.
29 May: Businesses have been forced to adapt their ways of working almost overnight in light of the coronavirus lockdowns and those with cloud-based systems had a significant head start.
The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.
A practice management system becomes ever more important in the accounting practice, even more so with remote working. What defines a practice management system can differ substantially from one firm to another, and even accountants in the same practice will have differing opinions!
Meetings software, channel-based chat, cloud storage, planning tools: there is probably untapped potential in the software packages you already have. if not, many vendors are offering free access to their apps for up to three to six months during the pandemic.
Pillars One and Two are OECD’s response for a need to address international tax reform for digital economies across the globe.
13 February 2020: while experts have hailed the cross-border cryptocurrency strategy outlined in Davos as a potential tipping point, major regulatory and legal hurdles still block the widespread adoption of digital currencies. Mark Taylor reports.
The growing popularity of cryptocurrencies means auditors need new skills and knowledge in that area, says David Lyford-Smith.
A roundup of the latest news surrounding technology. This edition includes: A new report from EY highlights household attitudes and habits towards technology; new warnings for scams related to COVID-19; and gamers are participating in an economy powered by turnips
May 14: A sharp reminder has been circulated by HMRC asking agents not to use client Government Gateway credentials to claim the SEISS grant on their behalf.
14 May 2020: Countries across the globe are launching apps aimed at slowing the spread of COVID-19. Here we explain how they work, their potential benefits and risks, and the approaches different governments are taking.
As work moves home, Lesley Meall finds out what’s working (and what’s not) in the new-look office life under lockdown from COVID-19.
As more and more accountants look to make use of new capabilities in artificial intelligence (AI), it’s helpful to share experience of how people have used it to date.
The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.
In one of the cloud add-ons that provides data analytics, there are “Activity Stats”. This was designed mainly for use in quoting prices, but it does provide an insight into the potential workload, or indeed, reduction thereof, when automation is introduced.
This month, Simon Hurst explores ways of increasing your productivity in Microsoft Excel.
The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.
14 April 2020: Cash flow forecasts are often prepared in Excel – but spreadsheets are notoriously error-prone. The ICAEW Tech Faculty shares insight on how to reduce errors in spreadsheets.
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.
29 May: Businesses have been forced to adapt their ways of working almost overnight in light of the coronavirus lockdowns and those with cloud-based systems had a significant head start.
In 2002 the then US Secretary of Defence, Donald Rumsfeld claimed that when he looked to the future he saw two kinds of unforeseen event: the “known unknown” and the “unknown unknown”. Rumsfeld was lampooned for his statement at the time, but with the rise of COVID-19 and its knock on effects on IT systems across the world, many are coming face to face with the stark reality of this infamous truism.
How finance departments can optimise processes for the outcomes that matter.
Criminals thrive in times of uncertainty and fear, and the UK’s National Cyber Security Centre (NCSC) has already reported an increase in cyber threats which refer directly to the coronavirus. This guide outlines the key steps to basic cyber hygiene and highlights some useful resources.
The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.
In one of the cloud add-ons that provides data analytics, there are “Activity Stats”. This was designed mainly for use in quoting prices, but it does provide an insight into the potential workload, or indeed, reduction thereof, when automation is introduced.
Oh dear! The person suggesting it then goes into great detail-who should put it together, where it should be saved for everyone to access and update and how it would be easily searchable.
Big data is creating many opportunities for businesses to derive greater insight from data, predict future outcomes more accurately and automate non-routine tasks. But the use of big data and analytics needs to be appropriate and subject to robust challenge. As a result, it’s important to build our understanding around what big data means, and this short report aims to inform decision makers in business and government about the opportunities and risks in this area.
This thought leadership report provides a rare insight into how digital transformation is being managed in practice across a range of different business settings and highlights pertinent considerations for leaders undertaking their own transformation projects.
This thought leadership report delves into the ethics of new technology and the seismic developments currently taking place in AI and algorithms, which are both exciting and morally concerning.
This international research report, in partnership with the Institute of Singapore Chartered Accountants (ISCA), explores the strengths and challenges for Singapore and London as fintech hubs, and identifies the key elements that underpin successful fintech innovation.