Technology

Audit / NAO publishes cyber security risk guidance for audit committees

The National Audit Office (NAO) has published cyber security and information risk guidance for audit committees, after identifying a high incidence of access-control weaknesses and other issues in the course of preparing its reports

Insight / Why digital transformation rarely happens overnight

Alessandro Evangelisti, ‎finance & supply chain cloud evangelist at Oracle, outlines why companies should go digital at their own pace, explaining how they must first focus on the most pressing issues and then further digitize as they add new products and services

Insight / Burger King launches own cryptocurrency in Russia

Fast food giant Burger King has launched its own cryptocurrency, the WhopperCoin, in Russia

Insight / FRC refreshes website and stated aim

The Financial Reporting Council (FRC) has launched a new website, which the regulator says offers a fresh design and more accessible functionality for stakeholders, and has refreshed its 'mission' in line with its work in the public interest to promote transparency and integrity in business

Insight / Charity Commission online services restored after server issues

The Charity Commission his restored its services after server problems caused its site to crash on Friday, 25 August 2017

Insight / UK to ‘align’ data protection laws with EU post-Brexit

British data protection laws will be closely aligned with the EU’s post-Brexit allowing personal data to continue to move back and forth while adhering to the General Data Protection Regulation (GDPR), which comes into force from May 2018

Audit / Big data and audit analytics: data driven, tech-enabled auditing – part 2

In part two of a big data series, Katie Houldsworth, partner on the Deloitte UK audit executive and Katie Canell, director of audit innovation at Deloitte, examine the role of data driven, tech-enabled auditing, how the use of data analytics is changing the shape of audit and the challenge to recruit specialist staff

Audit / Lord: audit must adapt and take advantage of artificial intelligence (AI)

Human and machine collaboration, and the use of artificial intelligence (AI) in auditing is both inevitable and likely to yield better results if accountants actually take advantage of the opportunity, says PwC head of audit strategy and transformation Gilly Lord 

Insight / Government consults on cyber security measures

The government is consulting on plans to implement the EU’s security of network and information systems (NIS) directive, which could see businesses facing fines of up £17m or 4% of global turnover for the failure to have effective cyber security measures in place to safeguard against IT hacking attacks and breaches

Insight / Data protection laws mean stiffer fines for business breaches

The government has signalled its intention to update and strengthen data protection laws through a data protection bill, ushering in large fines for businesses which fail to meet the new requirements

Audit / Gillon: how artificial intelligence will change the accounting profession

Machines do not suffer from human failings and can perform many commodotised and repetitive jobs, so accountants need to start getting to grips with how artificial intelligence (AI) will change their jobs and improve their productivity, says ICAEW IT technical manager Kirstin Gillon

Insight / SEC defines Blockchain DAO token trading as securities in US

The Securities and Exchange Commission (SEC) has confirmed that offers and sales of digital assets by ‘virtual’ organisations using distributed ledger or blockchain technology will be regulated under federal securities laws in the US

Insight / Sage buys US cloud software provider Intacct

Accounting software provider Sage has acquired Intacct, a US provider of cloud-based financial management services, in a deal valued at $850m (£654m) to boost the company’s presence in the US market

Insight / ICAEW warns AI creates ‘paradigm shift’ for accountancy

ICAEW research suggests developments in artificial intelligence (AI) herald a paradigm shift which will transform accountancy, and warns the profession needs to prepare for machines taking over more decision-making tasks from humans, and work out how to harness this

Insight / Government failing to tackle growing online fraud

The government is failing to tackle online fraud, even though it is now the most commonly experienced crime in England and Wales, according to a report from the National Audit Office (NAO) which claims the Home Office response is ineffective and not proportionate to the threat
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