Accountancy Insights

ICAEW

In this podcast series from the Institute of Chartered Accountants in England and Wales (ICAEW), a panel of guests dissect the latest headlines and provide expert analysis on the top stories from across the world of business, finance and accountancy

  1. 11 NOV.

    Accountancy Insights: How should audit firms use AI?

    This episode focuses on the integration of AI in audit processes, emphasising the need for practical guidance from the Financial Reporting Council (FRC) to build industry confidence, especially with smaller firms. The conversation highlighted the importance of human oversight, the role of third-party technology providers, the challenges of explainability and data security, and the need for clear communication with clients. Philippa Lamb is joined by Ramana McConnon, Head of Assurance Technology at the FRC, Jon Morris, Director of Audit and Professional Standards for Grant Thornton, and Martin Brown, Gen AI lead in Deloitte’s Audit technical team.  Time codes 04’50”: Discovering the AI use cases and benefits of the new technology for smaller firms13’49”: Understanding explainability and the need for human oversight with AI solutions18’25”: Are off-the-shelf solutions enough and will firms need to make big investments?Links ICAEW: FRC publishes landmark guidance on the uses of AI in audit - https://www.icaew.com/insights/viewpoints-on-the-news/2025/jul-2025/frc-publishes-landmark-guidance-on-the-uses-of-ai-for-auditFRC guidance on audit and AI - https://media.frc.org.uk/documents/AI_in_Audit.pdfICAEW: AI in audit: opportunities and challenges - https://www.icaew.com/technical/audit-and-assurance/faculty-resources/webcasts/ai-in-auditHost Philippa Lamb Guests Ramana McConnon, Head of Assurance Technology at the FRCJon Morris, Director of Audit and Professional Standards for Grant ThorntonMartin Brown, Gen AI lead in Deloitte’s Audit technical teamProducer Natalie Chisholm Episode first published: 11 November 2025 Podcast recorded: 7 November 2025

    22 min
  2. 28 OCT.

    Accountancy Insights: LLMs and spreadsheets, Companies House IDV, and the OBR’s role

    In this episode, we’re exploring just how useful Large Language Models (LLMs) are when it comes to spreadsheets; what needs to happen by 18 November when it comes to Companies House ID verification; and how the OBR comes to its conclusions. Host Philippa Lamb is joined by Simon Thorne, Senior Lecturer in Computer Science, Cardiff Metropolitan University, to talk about his research into LLMs' effectiveness when it comes to spotting errors in spreadsheets, with some clear winners and losers from the process. Next, Mike Miller, ICAEW’s Economic Crime Manager, gives an update on Companies House ID verification and what Directors and accounting firms have to do to prepare. Finally, Martin Wheatcroft, Advisor on public finances for ICAEW, explains the role and methodology of the OBR. Time codes: Spreadsheets and AI – 01’06” Companies House ID Verification – 13’28” How the OBR works – 23’14” Transcript You can read a full transcript of the episode here: https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/the-best-and-worst-genais-for-spreadsheets Links: ICAEW: The best and worst gen AIs for spreadsheets - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/the-best-and-worst-genais-for-spreadsheets Simon Thorne’s study on LLMs and spreadsheets - https://arxiv.org/abs/2506.17330 ICAEW: Authorised corporate service providers (ACSP) and ID verification - https://www.icaew.com/regulation/aml-supervision/aml-resources/acsp-and-id-verification ICAEW: ID verification is coming – everything directors need to know - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/co-house-id-changes-what-directors-need-to-know ICAEW: ID verification is coming – everything accounting firms need to know - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/co-house-id-changes-what-accountants-need-to-know ICAEW: Companies House: who needs to be an ACSP and when should they register? - https://www.icaew.com/insights/viewpoints-on-the-news/2025/aug-2025/companies-house-who-needs-to-be-an-acsp-and-when-should-they-register UK productivity downgraded - https://www.bbc.co.uk/news/articles/c0rpve82jxvo Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip - https://www.theguardian.com/business/2025/oct/11/rachel-reeves-v-the-obr-chancellor-aims-to-loosen-the-watchdogs-grip Labour fury at OBR is understandable but misplaced - https://www.ft.com/content/f1b53cb4-ba83-4b0a-a8f3-65ffab93b299 New Economics Foundation – A democratic fiscal framework - https://neweconomics.org/2025/08/a-democratic-fiscal-framework Host Philippa Lamb Guests Simon Thorne, Senior Lecturer in Computer Science, Cardiff Metropolitan UniversityMike Miller, Economic Crime Manager, ICAEWMartin Wheatcroft, Advisor on public finances, ICAEWProducer Natalie Chisholm Episode first published: 28 October 2025 Podcast recorded: 22nd October 2025 All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

    34 min
  3. Behind the Numbers: How to bounce back from a cyber attack

    14 OCT.

    Behind the Numbers: How to bounce back from a cyber attack

    In this episode, we discuss how prepared organisations really are for cyber attacks, what to do if and when your business is affected, and how to manage the communications challenges. We have a great case study from a company that suffered a cyber attack, with plenty of lessons about how to mitigate the impact on customers and return quickly to business as usual. Philippa Lamb is joined by Peter Davenport, Crisis Communications Specialist, Definition Group; Michael Hoare, Director, Kekst CNC;  Neil Hare-Brown, Founder, Storm Guidance; and Nadeem Raza, CEO, Microlise. Time Codes 11:01: Nadeem Raza from Microlise shares his cyber attack case study15:07: A deeper dive into how M&S and Jaguar Land Rover are managing the ongoing challenges from cyber attacks27:25: The speakers share their top tips for cyber attack preparednessTranscript:  You can read the full transcript of this episode here: https://www.icaew.com/insights/podcast/behind-the-numbers/how-to-bounce-back-from-a-cyber-attack/transcript Links ICAEW: Cyber Security awareness -https://www.icaew.com/technical/technology/cyber-security/cybercrime-awareness-month ICAEW: Four cyber security lessons from M&S and other breaches - https://www.icaew.com/insights/viewpoints-on-the-news/2025/oct-2025/four-cyber-security-lessons-from-mands-and-other-breaches Host Philippa Lamb Guests Peter Davenport, Crisis Communications Specialist, Definition GroupMichael Hoare, Director, Kekst CNCNeil Hare-Brown, Founder, Storm GuidanceNadeem Raza, CEO, MicroliseProducer Natalie Chisholm Episode first published: 14 October 2025 Podcast recorded: 7 October 2025

    32 min
  4. Behind the Numbers: Should we compensate whistleblowers?

    25 SEPT.

    Behind the Numbers: Should we compensate whistleblowers?

    Whistleblowing is a vital process but often fraught with far more risk and emotional upheaval than it should be. In Western Europe, 43% of all occupational fraud cases come to light thanks to whistleblowers. And it’s not just fraud: cases from poor health-and-safety practices to bad team management have all been righted thanks to people speaking out. Although many whistleblowing cases do result in bad practice being stopped and workplaces improved, some whistleblowers have been victimised or forced out of their jobs. In the UK, the new Failure to Prevent Fraud offence will mandate large employers to put clear whistleblowing policies in place, and both the Serious Fraud Office and HMRC are looking at schemes to incentivise whistleblowing. Andrew Pepper-Parsons, Director of Policy and Communications at whistleblowing charity Protect, and Brendan Weekes, Associate Director at accountancy firm, S&W, join our host Philippa Lamb to discuss the topic, why a significant minority of whistleblowers don’t get the requisite protection and what the forthcoming regulation and potential SFO and HMRC schemes will mean for UK business.  They also both discuss some best practice case studies from organisations that are doing a good job of encouraging people to speak up when they see something that’s not right. This includes the Wellcome Trust’s excellently named scheme “The Only Way is Ethics”. Links https://protect-advice.org.uk/checklist-for-whistleblowers/https://whistleblowersblog.org/global-whistleblowers/uks-sfo-director-continues-to-push-for-whistleblower-awards/https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/the-four-elements-of-effective-whistleblowing-culturehttps://www.icaew.com/insights/viewpoints-on-the-news/2025/jun-2025/why-whistleblowing-is-a-requirement-not-a-choice-for-accountantsHost Philippa Lamb Guests ●       Andrew Pepper-Parsons, Director of Policy and Communications, Protect ●       Brendan Weekes, Associate Director, S&W  Producer Natalie Chisholm Episode first published: 25 September 2025 Podcast recorded: 12 September 2025

    31 min
  5. 17 SEPT.

    Accountancy Insights: Kemi Badenoch on growth and the profession

    In this special episode of Accountancy Insights, we bring you a timely interview of Kemi Badenoch by ICAEW’s Chief Executive Alan Vallance who sat down with her after a speech she gave at Chartered Accountants’ Hall. Badenoch talked about tackling perennial long-term problems like productivity and smarter regulation. She spoke with feeling about her frustration when, as Business Secretary in the previous Conservative government, she would meet with business leaders who showed her how debilitating regulation could be for business if the consequences of new laws are not thought through properly. Drawing on her tech background, she also disagreed with her former colleague Jeremy Hunt that AI would replace accountants, saying “I don’t think accountants have anything to worry about.”  ICAEW’s Chief Policy and Communications Officer Iain Wright then joins our host Philippa Lamb to discuss Badenoch’s proposals and how it’s further evidence of ICAEW’s unique position as a leading voice for business. Links  ICAEW: More on Kemi Badenoch’s speech - https://www.icaew.com/insights/viewpoints-on-the-news/2025/sep-2025/kemi-badenoch-speaks-at-icaew-we-need-to-take-risks ICAEW Policy: How the government can deliver growth - https://www.icaew.com/about-icaew/regulation-and-the-public-interest/policy/how-the-government-can-deliver-growth  Host Philippa Lamb Guests Iain Wright, Chief Policy and Communications Officer, ICAEWProducer Natalie Chisholm Episode first published: 18 September 2025 Podcast recorded: 12 September 2025

    23 min

À propos

In this podcast series from the Institute of Chartered Accountants in England and Wales (ICAEW), a panel of guests dissect the latest headlines and provide expert analysis on the top stories from across the world of business, finance and accountancy

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