Adapting technology and security for homeworking
Lesley Meall examines the questions that remain about the technology required to support post-pandemic hybrid working – and whether accountants can adapt to the changes.
IT management
Good IT management is essential to achieving value from IT systems and managing the risks associated with them. IT management covers the full lifecycle of systems, from the initial decision to invest in a system through its operational life until it is no longer needed and ultimately decommissioned.
In this section
IT infrastructure
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.
My system is down - what do I do now?
In the last couple of weeks, a significant number of accountants, their clients and businesses will have been affected by “major outages” with cloud accounting software.
Tax news in brief
Highlights from the broader tax news week ending 3 February, which includes: a restrained Scottish Budget in light of the coronavirus pandemic and HMRC publishes a Brexit edition of its Agent Update with guidance on postponed VAT accounting.
IT governance and strategy
Helping your business stand out with onboarding tools
Jessica Pillow of Pillow May chartered accountants considers the different tools available for onboarding clients into your growing cloud practice, including examples with GoProposal and Practice Ignition.
Data protection and privacy
All organisations that collect, store or process personal information on living and identifiable people must comply with the Data Protection Act 2018. Additional resources can be found on the GDPR (now the Data Protection Act 2018 in the UK).
5 things to think about when considering your IT options
Factors to consider when choosing IT infrastructure and systems for your practice.
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Industry press
The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com
Ethical failure led to the FTX scandal
Analyzing aspects of the cryptocurrency exchange FTX's fraud and money laundering scandal highlights the importance of ethics, corporate governance, and internal controls, says Daniel Butcher. Some of the failures at the company included unreliable financial statements, mishandling of confidential data, diversion of corporate funds, poor or no recordkeeping and a lack of control of company cash.
E-invoicing: Mexico's pioneering path creates complex terrain for taxpayers
Santiago Llano Zapatero and Diego Guerrero Segura of Ritch Mueller note Mexico's 'remarkable' digital transformation in invoicing, but issues in cross-border M&A transactions and a Supreme Court of Justice ruling suggest a tricky landscape
Navigating AI: a pragmatic guide for corporate boards
The article focuses on how the exponential growth of artificial intelligence (AI) across various sectors is compelling boards to redefine their roles in providing oversight and guidance on AI strategy and risk management. It emphasizes the importance of a human-centred approach to AI, aligning strategic decisions with an organization's mission and values, addressing ethical dilemmas, intellectual property concerns, and privacy challenges.
The data-driven supply chain raises new governance and security issues
The article highlights the importance of data management and security in today's digital supply chain, where every enterprise is considered a "data enterprise." As companies transition to digitally integrated supply chains, they must prioritize data stewardship, embed data governance and security into their operations, and adapt to changing practices and regulations.
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Useful links
Establishing a pro-innovation approach to regulating AI
Policy paper from the Department for Digital, Culture, Media & Sport, Department for Business, Energy & Industrial Strategy, and Office for Artificial Intelligence on the UK's emerging approach to AI regulation.
The Future Of Accounting: How Will Digital Transformation Impact Accountants?
Forbes article which looks at the future role of accountants and the skills they will require.
A European approach to artificial intelligence
European Commission hub page for Europe's approach to AI, focussing on 2 areas: excellence in AI and trustworthy AI. The main publications are Proposal for a regulation on artificial intelligence; Strategy on artificial intelligence; Coordinated plan on artificial intelligence 2021 review.
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