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.
Technology and the profession
How technological advances and digital transformation are impacting the profession.The IT Faculty provides news, opinion pieces and case studies aimed at helping members keep up to date with new technologies.
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David Lyford-Smith recounts a two-week trip across South-East Asia, discussing how technology is changing accounting.
Read this Tech essentials guide to find out what is the Internet of Things (IoT) and how it affects the accounting profession, including auditing. Read this Tech essentials guide to find out what is the Internet of Things (IoT) and how it affects the accounting profession, including auditing. The guide also discusses real life IoT examples, management challenges as well as security concerns and future outlooks.
In TAXguide 02/18, Sarah Ghaffari answers a selection of the key questions raised by viewers of the Tax Faculty webinar ‘Demystifying Making Tax Digital: the VAT requirements’, broadcast on 16 January 2018. Read a summary here, ICAEW members can download the full guide.
Making the most of new technologies is not always straightforward. Kirstin Gillon looks at how finance functions have got to grips with digital.
The government has extended the timescale for Making Tax Digital for Business. But while many in the profession – and their clients – heaved a sigh of relief, this is no time for resting on proverbial laurels.
Lesley Meall looks at how career development in accounting – and the ACA qualification itself – is changing to reflect how our world has been altered by tech.
Accounting practices will be at the forefront of preparing microbusinesses and sole traders for their making tax digital obligations.
Making Tax Digital for Business will bring about more than just the digitalisation of tax administration and preparation - it promises to reshape the whole accountancy profession.
Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It will affect how businesses and other organisations, agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC. The MTD transformation projects are being run and managed by HMRC but should be seen as just one element of the digitalisation of business