Technology

Insight / £168m support for carbon capture storage ‘not value for money’

Attempts by the Department for Business, Energy and Industrial Strategy (BEIS) to start the adoption of carbon capture storage (CCS) have been unsuccessful, and the £168m spent on support for companies to adopt the technology has not been value for money, according to the National Audit Office (NAO)

Insight / CABA helps ICAEW members discover career adaptability

CABA has launched an online career adaptability tool for ICAEW members and their families, to show users how capable they are when adapting and managing change occurring in modern working life

Insight / Barclays launches mobile app lending service for SMEs

Barclays has launched a mobile business lending service to provide instant loans via a mobile app to businesses after research has revealed an economic opportunity to release £34bn of growth from SMEs by 2021

Insight / MPs want single regulator for cyber security in financial services

Andrew Tyrie, chair of the Treasury committee, is calling for more action to protect the financial services sector from cyber attacks, suggesting the current approach is ‘opaque’ involving too many different regulators and with insufficient use of critical intelligence information provided by GCHQ

Audit / GT partners with law firm to offer cyber security audits

Grant Thornton UK has teamed up with international law firm Lewis Silkin to launch a new data and cyber security audit service, which the firms say will help global organisations ensure they are compliant and minimise risks in the face of increasing data breach risk and regulation

Insight / Fault on Insolvency Service enquiry line

The Insolvency Service has put out a statement warning of a fault with its insolvency enquiry line which it is currently attempting to resolve

Insight / Charity Commission launches customer survey on digital strategy

A customer survey has been launched by the Charity Commission, the independent regulator of charities in England and Wales, to seek public views on its digital services 

Accounting / Pre-Bexit uncertainty: risk management and planning

Following the High Court’s ruling on triggering Article 50, beating economic uncertainty takes more robust planning and risk management explains Dee Houchen, senior director at Oracle

Insight / Business portal launched for international trade post-Brexit

The Big Four’s consultancy arms plus the five major banks are backing a service launched by the Department for International Trade (DIT) to support UK business to break into overseas markets in the wake of the UK’s planned exit from the EU

Insight / 70% of SMEs set to tackle MTD reforms single handed

Over two thirds (69%) of SME owners will take a ‘do it yourself’ approach to Making Tax Digital (MTD) reforms to save on additional costs, but ironically 32% of these owners have had to pay an external expert to correct an error they have created, according to research from Geniac

Accounting / IT supplier reveals ‘misstated accounts’ over £20m debt reporting

AIM-listed IT managed services provider Redcentric has announced that an internal audit committee review has uncovered ‘misstated accounting balances’ in relation to the interim results for the six months ended 30 September 2016, and has asked the chief financial officer to leave

Insight / FreeAgent software supplier to float on AIM

Cloud-based accounting software supplier FreeAgent, which focuses on the micro business market, has announced plans for a flotation on the Alternative Investment Market (AIM) next month, with the aim of raising funds to accelerate product development in the light of the government’s Making Tax Digital (MTD) initiative, which will require quarterly online returns

Insight / FTSE 100 reporting identifies cyber risks as critical

Cyber threats are increasingly identified as a critical business risk in company reporting according to analysis for Deloitte’s annual survey of a sample of 100 UK listed companies

Insight / LinkedIn: tips and advice for accountants online

Whether accountants are newly qualified or well-established in accountancy, LinkedIn is a powerful platform to showcase skills and experience. Nicki Cresswell, wellbeing co-ordinator at CABA explains how to effectively use a LinkedIn profile to attract and connect with influential figures in the profession

Insight / Jersey introduces ‘sandbox’ reforms to test virtual currency

Jersey has introduced a ‘regulatory sandbox’ to enable businesses that provide virtual currency exchange services to experiment and test new products and applications in the crown dependency
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