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
Don’t step any closer to audit data analytics without reading these tips and insights from Lisa Leighton of BHP Chartered Accountants.
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’
How can finance departments and internal audit make the most of data science? This was the main question Centrica's internal audit team and ICAEW discussed at a workshop on 15 October 2018.
Ethics is particularly important for the accountancy profession, with a code for professional ethics based on five basic principles – integrity, objectivity, competence and due care, confidentiality and professional behaviour. However, the emergence of new technologies raises some new challenges for the profession to address.
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
This page presents an overview of instructions and guidance for small practices to prepare for Brexit.
The lead negotiators for the UK and the EU have agreed a withdrawal agreement that would provide for a transitional period until December 2020, as well as a political declaration on the framework for a future relationship thereafter. Both need to be formally adopted.
The General Data Protection Regulation comes into force on 25 May 2018 after a two-year transition period, but practitioners can take action now while waiting for specific guidance, warns South East London Area Society chair Vicky Andrew.
With the deadline for implementation of the EU’s General Data Protection Regulation (GDPR), come along to an ICAEW seminar to hear about the implications for members, their businesses and their clients.
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.