Institute of Chartered Accountants in England and Wales
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Search complete. 76 mentions across 23 episodes found for "Institute of Chartered Accountants in England and Wales".
Sep 24, 2026
Paul ThomasHOST
And, and you've talked in the book about the sort of the, the cognitive interpersonal skills coming through.
Paul ThomasHOST
We're certainly seeing that within the accountancy space in particular with both the ICAEW and ACCA completely reinventing their curriculum for young people coming into the profession, which I think is endlessly fascinating, and building in this growth mindset within people.
Paul ThomasHOST
And if I'd reframe that within the, the, the sort of work that I'm just doing this morning, we developed a competency framework.
Paul ThomasHOST
This isn't just about AI.
Heather SmithGUEST
And they're also...
Heather SmithGUEST
They're not seen as a threat by the ICAEW or the ACCA.
Heather SmithGUEST
Everyone just welcomes them in.
Heather SmithGUEST
They were just living their best life as young people, having a career and possibly, I don't know, maybe the place they're living in wasn't huge as it would be in Australia.
PhilippaHOST
HMRC promises client lists in the agent services account Responding to feedback from ICAEW and others, HMRC says that it is developing client list functionality within the agent services account, ASA, and aims to complete the work in time for summer 2027.
PhilippaHOST
The lack of a client list in the ASA has been a frustration for agents for some time, particularly as the facility is available in the online services for agents, OSA, account.
PhilippaHOST
However, the issue has come under renewed focus with the introduction of Making Tax Digital for income tax.
PhilippaHOST
ICAEW tax faculty staff are in the process of delivering a series of webinars on MTD income tax.
PhilippaHOST
Topics covered in webinars delivered so far include the criteria for having to use MTD income tax, digital record keeping requirements and quarterly updates.
PhilippaHOST
The next webinar in the series covering the year end tax return will take place on the 24th of September, 2026.
PhilippaHOST
HMRC says that the client list will be available for clients using MTD income tax only and it aims to deliver the new functionality by summer 2027, subject to the outcome of its development work.
PhilippaHOST
There are of course other services that are accessed via the ASA, currently including VAT, the Trust Registration Service and 60-day capital gains tax reporting.
PhilippaHOST
However, the increase to thresholds has helped remove some of the pressure on the smallest charities and is to be welcomed.
PhilippaHOST
ICAEW's charity community has published free resources to explain how charities might be affected by the Charity SORP 2026.
PhilippaHOST
Kristina Kopicz, ICAEW's Charity Sector and Volunteering Director, says… Most people who set up a charity do it because they feel passionately about a cause.
PhilippaHOST
If they can find someone who's knowledgeable about charity finance and regulation and who is willing to help them out, that's incredibly important and welcome.
Jonathan Ashong-LampteyHOST
Don't get me wrong, I'm still an accountant.
Jonathan Ashong-LampteyHOST
In fact, I'm a fellow of the Institute of Chartered Accountants in England and Wales.
Jonathan Ashong-LampteyHOST
I still have those skills.
Jonathan Ashong-LampteyHOST
They still help me when I work with leaders like you.
PhilippaHOST
ICAEW suggests other options for reforming land remediation relief.
PhilippaHOST
ICAEW has welcomed the government's intention to reform land remediation relief and has made three suggestions for how LRR could better meet its objectives.
PhilippaHOST
In July 2026, the government published a consultation document seeking views on a package of measures to reform LRR.
PhilippaHOST
Concerned that LRR was not fully achieving its objective of incentivizing the remediation and redevelopment of brownfield land, the government proposed aligning applications for LRR with local authority planning processes, revising the definition of derelict land, and bringing forward the date of relief for some companies.
PhilippaHOST
Further details are provided in an earlier article.
PhilippaHOST
In its response to the consultation, ICAEW Representation 82-26, to be published at 2026, Tax Representations, da ICAEW in due course, ICAEW has broadly welcomed the government's proposals, commenting that some companies may be more incentivised to carry out remedial work as a result of proposed changes.
PhilippaHOST
However, feedback from ICAEW members is that LRR often does not provide sufficient incentive to choose to develop a derelict or contaminated site, especially where the costs of clearing the land are prohibitive.
PhilippaHOST
Responding to the specific proposals, ICAEW says that the government may have underestimated the practical difficulties in aligning LRR applications with local authority planning processes.
PhilippaHOST
In this year's ARAQ, the FRC also identifies firms' deployment of technology in particular as being central to its Assessment of Systems of Quality Management , which was elevated to the heart of supervision activity from April.
PhilippaHOST
ICAEW's recent research into the use of analytics in external audits revealed that audit regulators and auditing standard setters are looking to encourage greater innovation and adoption of data analytics, having already seen steady improvements in auditing quality across the board.
PhilippaHOST
In a bid to increase audit quality across the board, firms are bringing in tech and data analytics specialism to support sustained improvements in audit quality.
PhilippaHOST
The highest quality audits involved early and sustained use of specialists, where the engagement calls for them, and independent reviewers along with strong leadership, project management and effective management challenge.
PhilippaHOST
These include data quality and consistency, how analytics fit into firms' audit methodology, regulators' questions around how analytics is applied, and skills gaps.
PhilippaHOST
While auditors are not expected to become data science experts, they need to know how, why and when analytics should be used, how to configure tools and how to interpret outputs.
PhilippaHOST
ICAEW's analytics in external audit.
PhilippaHOST
A survey of current practice and trends points out how much auditing firms stand to gain by investing in upskilling their workforce in tools and by making bolder decisions about when to use analytics.
PhilippaHOST
HMRC expects to begin testing the new service with agents before the end of 2026, which will include exploring the volume of clients that can be allocated at one time.
PhilippaHOST
ICAEW will publish further details on the enhancement once they become available.
PhilippaHOST
Lindsay Scott, Tax Technical Manager at ICAEW said, ICAEW welcomes this proposed enhancement to the OSA having called for it for some time.
PhilippaHOST
While we appreciate that agents would have liked to have this functionality in place prior to HMRC rolling out MFA, it remains a significant development which could potentially help firms to transition from using shared to individual sign-in credentials.
PhilippaHOST
Access Groups in the ASA The functionality within the agent services account, ASA, differs to the OSA.
PhilippaHOST
HMRC plans to publish more detailed guidance on the changes in autumn 2026.
PhilippaHOST
Adele Greenwood, technical manager, tax at ICAEW said, ICAEW welcomes the announcement having previously called for GMEs to be excluded from mandatory payrolling due to practical issues relating to operating payrolls and collating data for expatriate employees.
PhilippaHOST
However, it is important that HMRC's detailed guidance and definitions are clear and comprehensive so that employers can have confidence that they are applying them correctly.
PhilippaHOST
Further, HMRC has confirmed that where an employer chooses to voluntarily payroll benefits that are not mandated during Phase 1, the employer must payroll in real-time any associated Class 1 ANIC from 6 April 2027.
PhilippaHOST
The government's plans to simplify the UK's corporate reporting regime are the most significant in a generation and cover almost every aspect of the annual report.
PhilippaHOST
ICAEW is urging members to share their views and help shape what the rules will look like.
PhilippaHOST
On 7 September, the Department for Business, Innovation, Science and Trade published its long-awaited proposals to modernise the UK corporate reporting framework.
PhilippaHOST
The objective is to reduce complexity and duplication while rationalizing exemptions and offering clarity over the purpose of the annual report.
PhilippaHOST
Responding to the launch of the program, ICAEW's CEO, Alan Vallance, highlighted the need for change.
PhilippaHOST
We hear frequently from members about the impact of the regulatory burden on their businesses, so we are pleased that almost two years after the original announcement, the government is taking steps to modernise corporate reporting.
PhilippaHOST
Investors, lenders and other creditors rely on corporate reporting to make economic decisions.
PhilippaHOST
The programme launched with a 12-week consultation, and Valence has called on the government to ensure that proper consideration is given to responses.
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