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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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Risks and assurance of emerging technologies

David Lyford-Smith

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

Kirstin Gillon 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.

ICAEW on tour

David Lyford-Smith Chartech January/February 2018

David Lyford-Smith recounts a two-week trip across South-East Asia, discussing how technology is changing accounting.

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.

Digital transformation - A long and bumpy road

Kirstin Gillon Chartech November / December 2017

Making the most of new technologies is not always straightforward. Kirstin Gillon looks at how finance functions have got to grips with digital.

New MTD timetable, but firms still need to act

Penelope Rance Chartech November / December 2017

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.

Counting on technology

Lesley Meall Chartech September/October 2017

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.

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