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Technology

Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.

In this section

Opinion and news analysis

Hybrid working: making the tech work for teams

The pandemic has ushered in a new model of working, with many businesses considering adopting more flexibility in the longer term. That’s certainly the case for the Oil and Gas Authority, which is set to adopt a hybrid working method for its post-pandemic way of working.

AI boost to KPMG tax offering

A partnership with software company Blue J will give KPMG a competitive edge by using artificial intelligence to free up more employee time to dedicate to complicated tax issues.

AI’s Impact on Auditor Expectations

Businesses are coming to rely on artificial intelligence (AI) to inform critical decision-making. Increasingly, AI is finding its place throughout organizations, from customer retention to marketing and finance. Assurance and audit are no exception to the benefits of artificial intelligence. As the value of next gen technologies become more transparent, firms will look to help bolster their staff with modern tools for more efficient and timely engagement.

Blockchain and cryptoassets

The essential guide to blockchain

This guide from the ICAEW sets out the key features of blockchain, and the challenges it must face to reach widespread adoption. It includes case studies of real-life applications, as well as examining its impact on accountancy.

What is blockchain?

Blockchain technologies have the potential to disrupt the work of finance teams – particularly those focused on transactional tasks – by offering a system of universal entry bookkeeping, removing the need for independent verification. Here ICAEW’s Tech Faculty and Deloitte outline the basics of this complex and developing technology.

The Charities Act 2022 – what are the practical implications for you?

In February, the Charities Bill received Royal Assent and passed into law as the Charities Act 2022. The recommendations from the Law Commission formed the basis for the provisions of the new legislation and the Act is designed to give trustees more flexibility to manage charities effectively. They will not have a big impact on charities’ daily operations but simplify certain areas of regulation.

Good Governance – why independent trustees are essential for the boards of Charitable Professional Membership Societies

While most charity boards are aiming to incorporate more service user perspectives in their governance structures, many charitable membership societies are relying on member perspectives alone. In this opinion piece, Baden-Fuller, Lawrey and Palmer explain why having independent trustees is a key element of good governance and adds depth to the skillset of the boards governing charitable professional membership societies.

Hybrid working: making the tech work for teams

The pandemic has ushered in a new model of working, with many businesses considering adopting more flexibility in the longer term. That’s certainly the case for the Oil and Gas Authority, which is set to adopt a hybrid working method for its post-pandemic way of working.

Multiple Excel Tables in a single worksheet – avoiding Cell Clash

I have been working on a project recently for which I wanted to include a set of refreshable Excel Tables in a control worksheet to highlight exceptions in the underlying data. Generally, the best way to avoid Tables clashing with each other as they expand and contract is to keep them on their own, separate, worksheets. In this case, I wanted to create a single workbook that would highlight potential errors at a glance, and the Tables concerned were only likely to generate a few rows each. The following examples demonstrate some of the considerations involved.

Excel Tip of the Week #437 - Revisiting dynamic arrays

Hello all and welcome back to the Excel Tip of the Week! This week we have a Creator level post in which we’re taking a timely second look at the biggest change to Excel formulas in recent years, the nifty dynamic array formulas.

Finance in a Digital World

Digital transformation

ICAEW has brought together these resources to help you understand how digital technologies are transforming economies and workplaces. Learn what it means for businesses and accountancy practices.

AI for finance professionals

ICAEW has brought together these resources to help you understand artificial intelligence and what it means for finance functions. Here you'll find support on identifying how AI can benefit your organisation and how it to start implementing the technology.

RPA for finance professionals

ICAEW has brought together these resources to help you understand Robotic Process Automation (RPA), what it means for your organisation and how it to start implementing the technology.

The future of accountancy work

Digital technologies are set to have a revolutionary impact on the work of accountants, both in business and in practice. ICAEW has gathered together these resources to ensure its members understand how finance functions will change, the skills that will be needed and the role you will play.

How best to regulate the bank cloud boom?

The adoption of the cloud by banks is hard to regulate given the rapidly growing supply of services by third parties. But financial regulators are increasingly turning their sights on the megatrend.

Building a data strategy

Kirstin Gillon summarises the key points from the Tech Faculty’s recent webinar on creating a data solution that works for your business.

Risks and assurance of emerging technologies

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.

Based on the materials created by ICAEW’s Tech Faculty, these resources became available to the wider ICAEW membership in January 2022.

Practice Tips

Practical advice, guidance and case studies written for faculty members working in practice. Aimed at helping you benefit from the capabilities and navigate the risks arising from new technology

Tech essentials guides

Providing updates on the latest technology issues affecting the accountancy profession. They aim to bring practical tips and expert insights on a range of topics, setting you up for any action you'll need to take.

Tech Talk

Technology is at the heart of all organisations today. The pace of change is growing ever faster. In the coming years, the finance profession will be profoundly altered by new and evolving technologies.