Accountancy Age

Beyond the numbers

It should come as no surprise that artificial intelligence is spearheading deep fundamental changes within the accounting sector. Having already prompted a revolution in financial services as well as Big Tech, the buzzword AI now has its sights set on accountancy. AI is rarely understood and technophobes read headlines about AI beating chess masters (or […]

The post From abacus to algorithms: why existing accounting skills are “less relevant” appeared first on Accountancy Age.

Author: Dave Beach
Posted: June 14, 2019, 1:02 pm

Mazars has announced the acquisition of Hall Liddy, a medical accounting firm in the NorthWest, with over 2,600 clients.   “The healthcare sector has always been extremely important to us,” commented Margaret Laidlaw, Mazars‘ head of entrepreneurial business. “We are constantly looking for ways to deliver exceptional service and help our clients manage and grow […]

The post Mazars acquires healthcare company Hall Liddy appeared first on Accountancy Age.

Author: Dave Beach
Posted: June 14, 2019, 10:20 am

The ICAEW believes Brexit uncertainty has not affected the UK economy as expected, though a no-deal Brexit must be avoided

The post ICAEW: Brexit not as bad on economy as expected appeared first on Accountancy Age.

Author: Dave Beach
Posted: June 14, 2019, 7:46 am

Moody’s Analytics has added new accounting and reinsurance capabilities to their RiskIntegrity IFRS 17 solution. These new features are intended to help insurers and reinsurers meet the stringent reporting requirements of International Financial Reporting Standard (IFRS) 17. The latest enhancements to its accounting functions include the introduction of a Moody’s Analytics chart of accounts, end-to-end accounting […]

The post Moody’s Analytics enhances accounting and reinsurance capabilities of RiskIntegrity IFRS 17 solution appeared first on Accountancy Age.

Author: Tom Lemmon
Posted: June 13, 2019, 4:51 pm

As political and economic uncertainty, shifting markets and regulators throw up disruption for both practice and company accountants, a tech vendor warns that jumping into technology is not the way to get ahead. “It’s not about diving into the technology that’s on the market because it seems to be the trend, but really understanding what […]

The post Why diving into tech won’t control accounting sector disruption appeared first on Accountancy Age.

Author: Dave Beach
Posted: June 13, 2019, 4:49 pm

As KPMG's Sanjay Thakkar steps down amid a complaint to the FRC, a legal specialist suggests more investigations are likely in professional services

The post KPMG bullying allegations “only scratching the surface” in industry appeared first on Accountancy Age.

Author: Dave Beach
Posted: June 13, 2019, 9:53 am

Oury Clark solicitors give an insight into the HP and Autonomy accounting fraud case, assessing the use of foreign evidence in proceedings. The trial before the High Court in the proceedings pursued by Hewlett-Packard (HP) against Mike Lynch, the founder of Autonomy, is in its ninth week with Meg Whitman, the former chief executive of […]

The post HP and Autonomy – The use of evidence in and from foreign proceedings appeared first on Accountancy Age.

Author: Charles Pugh and Edmond Fung
Posted: June 13, 2019, 9:31 am

70% of small businesses would not recommend their advisor to others – and over a quarter said they are likely to switch accountants, according to research by Xero. Xero studied businesses which use any online or digital bookkeeping tools, and found that 80% of small businesses are working with an external accountant, yet their satisfaction […]

The post Small businesses ‘unsatisfied’ with their accountants appeared first on Accountancy Age.

Author: Tom Lemmon
Posted: June 12, 2019, 4:26 pm