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Technology and the profession

How technological advances and digital transformation are impacting the profession.

The Tech Faculty provides news, opinion pieces and case studies aimed at helping members keep up to date with new technologies.

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Digitalisation of tax: international perspectives

IT Faculty November 2016

Digitalisation is transforming how tax is reported and paid, with significant innovation and investment occurring in countries of all kinds. There is no single pathway to digitalisation, as our case studies show, but there is something to be learned from all of them.

Automation in finance functions: lessons from India and the UK

Drawing on real-life experiences, this collaborative thought leadership report by ICAEW and the Institute of Chartered Accountants of India (ICAI) considers how finance functions can harness automation to deliver greater value to business and the skills needed by accountants in the future.

Ethics and technology - latest thinking from IESBA

As accountants increasingly innovate with data, AI and other technologies, is the profession’s ethics code fit for purpose in this new world?

Digital transformation of businesses during the Covid-19 crisis

Many businesses have had to adapt quickly in the last three months to deal with the impact of Covid-19 and lockdown, by making sure they are able to run their businesses remotely and mainly digitally by using and implementing the right kind of software.

Risks and assurance of emerging technologies

Tech Faculty June 2020

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.

Big data and analytics: the impact on the accountancy profession

Tech Faculty October 2019

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.

Digital transformation in finance functions: ASEAN and UK perspectives

Kirstin Gillon October 2019

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.

New technologies, ethics and accountability

Tech Faculty June 2019

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.

Fintech innovation: perspectives from Singapore and London

Kirstin Gillon

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.

What is the Internet of Things?

Penelope Rance | Nina Bryant | Katie Vowles March 2018

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.

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