New research reveals that top three areas for ethical challenges are leadership, culture and sustainability – and that ethical dilemmas are becoming more complex.
Browsing Tag ACCA
The qualification has been developed in response to the demand for skills and training in sustainable finance.
Government action on late payment has been welcomed by leading accountancy body ACCA.
A comprehensive new report reveals that finance teams worldwide are at a critical juncture, with just five years to adapt to rapidly changing demands—or face the risk of becoming obsolete.
● 66% of UK finance professionals believe that AI will allow them to add more value in their roles.
● 42% are concerned about the potential impact of AI on their roles in the future – but this is lower than the global average of 51%.
● 71% of finance professionals are keen for more training on AI to better understand it and integrate it into work.
● Businesses urged to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies
● AI use in finance must be built on trust in order for it to succeed in rollout and application
Professional accountants are especially well-placed to help change the world for the better
• Although accountants have become more positive about the economy for the first time since Q1 2023, concerns about costs persist
• Global concerns about operating costs rose, as did uncertainty around geopolitical tensions and talent acquisition challenges
• UK SMEs have experienced a similar buoying of confidence, but still face a tough economic landscape to navigate
• The deal between UK and Australian audit bodies allows professionally qualified auditors to more easily work in either country.
• With talent in short supply, both countries’ regulators recognise audit professionals should face no boundaries in taking their work overseas.
● Additional people and businesses are being pulled into higher tax bands, adding to an already overburdened HMRC service
● Frozen thresholds can result in companies not being as productive and instead capping their profit under thresholds to avoid taxation
● UK economy remains weak, and small businesses are concerned about continuing inflation hitting their bottom line