The General Data Protection Regulation (GDPR) came into force on 25 May 2018. It applies to everyone trading within the EEA (including UK individuals and organisations).
Despite the step change in the technical environment and the massive increase in personal data that is being created every day, the regulations have not moved on since the 1998 Data Protection Act. The main advice from the information commissioner was to prepare now for the changes that are coming under the new GDPR.
This guide is designed to help alleviate some of the fears that lie behind the inertia on data analytics. There is information about how to get started using the resources you already have or to find out about others, and case studies to show how using data analytics has helped some practices already.
Find out why Brexit could impact data protection and how you can prepare.
Data analytics and big data
Proposals to revise ISA 315 will be far-reaching, so ICAEW is urging the IAASB to take the time to get it right, says Katharine Bagshaw. She covers inherent and significant risks, IT, work on controls and ‘smaller and less complex entities’
ICAEW provides support and resources for members overseas. Here, we look at the key work of the IT Faculty abroad, with Michael Izza presenting a number of sessions and Kirstin Gillon answering the question: ‘will I have a job in 10 years?’
As the UK implementation of Making Tax Digital comes closer, David Lyford-Smith reports on how other countries are handling digitalisation of the tax system, including Australia, Brazil, China, Estonia, Italy, USA and more
As ICAEW launches a new ethics and tech resources hub, its experts talk about the ramifications of using artificial intelligence in business and finance – exploring evolving responsibility, accountability, ethics and more.
Excel guru Simon Hurst details the versatility of the Slicer feature, which was introduced in 2010, explaining why it is at the heart of Excel dashboard creation.
There are many situations where you might want to calculate a cumulative total in an Excel spreadsheet, from a straightforward running total for a list of bank transactions to cumulative values for use with an Excel chart that is animated over time.
Recently someone sent me a small spreadsheet that included a column of formatted numbers. Unfortunately, the numbers weren't numeric values that had been formatted as numbers but had been entered (or more probably pasted from elsewhere) as formatted text, complete with commas and pound signs.
Data protection and GDPR
Email scams follow data hacks as surely as night follows day. And the Marriot/Starwood data breach case is just another in a very long line, says Leo Waldock.
The 2018 ICAEW Tax Faculty Conference was chaired by Mary Monfries and Frank Haskew. This article includes commentary from Nigel Holmes (Catax) on R&D tax relief and patent box; John Cassidy (Crowe Clark Whitehill) on HMRC enquiries; and practical points from the Tax Faculty team.
What happens when data protection goes completely wrong? Leo Waldock answers this question by detailing how things went wrong for NCIX.
As cyber security risks continue to expand and evolve at an increasing pace, so cyber resilience becomes critical to an organisation’s ability to operate. George Quigley covers the best approach in four steps: business assessment, governance and oversight, risk management framework and incident response and recovery.
Simon Hurst continues his guide to data display with some tips on how to keep up to date with changes and enhancements to customise your content.
Power BI Desktop offers new ways to visualise and present data. In part one of his guide, Simon Hurst uses Facebook posts to demonstrate some of its capabilities.
Although it's generally a good idea to keep reports as simple and clear as possible, the sparing use of unusual graphics can sometimes add to impact.
Finance in a Digital World
ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive content, including: eLearning, webinars and bite-sized summaries on individual technologies and the broader impact of digital technologies on finance.