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<br /> INTELLIGENCE AND INSIGHT<br /> APRIL 2016 | ICAEW.COM/ECONOMIA ISSUE 48 | ACCOUNTANCY | FINANCE | BUSINESS<br /> THE NEW BMW 7 SERIES.<br /> DRIVING LUXURY.<br /> The new BMW 7 Series brings with it a new era of pioneering technology, contemporary design and exquisite engineering.<br /> Innovative functions such as BMW Gesture Control and the larger Head-Up Display create an effortless, more intuitive drive.<br /> Adaptive BMW Laserlights offer drivers a visual range of 600m, while the rear-seat entertainment experience with BMW<br /> Touch Command and two 10" screens ensures passengers remain entertained, comfortable and in control.<br /> A Carbon Core ensures optimal performance alongside economy, with the new BMW 730d delivering 60.1mpg (combined)<br /> and CO2 emissions of just 124g/km – translating to a BIK of only 24%.<br /> To find out more about the new BMW 7 Series, please visit www.bmw.co.uk/7series<br <a title="Economia APRIL 16 page 1" href="http://viewer.zmags.com/publication/145201a6?page=1"> INTELLIGENCE AND INSIGHT APRIL 2016 | </a> <a title="Economia APRIL 16 page 2" href="http://viewer.zmags.com/publication/145201a6?page=2"> THE NEW BMW 7 SERIES. DRIVING LUXURY. </a> <a title="Economia APRIL 16 page 3" href="http://viewer.zmags.com/publication/145201a6?page=3"> BMW Fleet & Business Sales </a> <a title="Economia APRIL 16 page 4" href="http://viewer.zmags.com/publication/145201a6?page=4"> </a> <a title="Economia APRIL 16 page 5" href="http://viewer.zmags.com/publication/145201a6?page=5"> </a> <a title="Economia APRIL 16 page 6" href="http://viewer.zmags.com/publication/145201a6?page=6"> A Different School of Thought. In toda</a> <a title="Economia APRIL 16 page 7" href="http://viewer.zmags.com/publication/145201a6?page=7"> There are few doubts that the regulators learned </a> <a title="Economia APRIL 16 page 8" href="http://viewer.zmags.com/publication/145201a6?page=8"> ICAEW in this issue “Top firms have already discl</a> <a title="Economia APRIL 16 page 9" href="http://viewer.zmags.com/publication/145201a6?page=9"> COVER SHOOT: ROBYN TWOMEY There is more technica</a> <a title="Economia APRIL 16 page 10" href="http://viewer.zmags.com/publication/145201a6?page=10"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (ch</a> <a title="Economia APRIL 16 page 11" href="http://viewer.zmags.com/publication/145201a6?page=11"> Arranged and provided by MEMBER REWARDS </a> <a title="Economia APRIL 16 page 12" href="http://viewer.zmags.com/publication/145201a6?page=12"> In review THE INTERNATIONAL PICTURE 0.2% The Cypr</a> <a title="Economia APRIL 16 page 13" href="http://viewer.zmags.com/publication/145201a6?page=13"> THE AUDIT THE BEST AND WORST PLACES TO BE A</a> <a title="Economia APRIL 16 page 14" href="http://viewer.zmags.com/publication/145201a6?page=14"> SUCCESS DEMANDS AN EDGE. ISACA® IS THAT EDGE. “</a> <a title="Economia APRIL 16 page 15" href="http://viewer.zmags.com/publication/145201a6?page=15"> THE AUDIT XAVIER ROLET Th</a> <a title="Economia APRIL 16 page 16" href="http://viewer.zmags.com/publication/145201a6?page=16"> THE AUDIT Data: Donations In 2006 Knight gave </a> <a title="Economia APRIL 16 page 17" href="http://viewer.zmags.com/publication/145201a6?page=17"> THE ICAEW HAS DRIVEN A GREAT DEAL FOR YOU </a> <a title="Economia APRIL 16 page 18" href="http://viewer.zmags.com/publication/145201a6?page=18"> The big read What does the next 10 years have in</a> <a title="Economia APRIL 16 page 19" href="http://viewer.zmags.com/publication/145201a6?page=19"> THE AUDIT AMIR DOSSAL WINS OUTSTANDING ACHIEVEME</a> <a title="Economia APRIL 16 page 20" href="http://viewer.zmags.com/publication/145201a6?page=20"> As I see it Stephen Eames, FD at the Royal Shakes</a> <a title="Economia APRIL 16 page 21" href="http://viewer.zmags.com/publication/145201a6?page=21"> MAKE 2016 A YEAR OF ACHIEVEMENT WITH SHAWBROO</a> <a title="Economia APRIL 16 page 22" href="http://viewer.zmags.com/publication/145201a6?page=22"> 22 </a> <a title="Economia APRIL 16 page 23" href="http://viewer.zmags.com/publication/145201a6?page=23"> THE AUDIT W orking at</a> <a title="Economia APRIL 16 page 24" href="http://viewer.zmags.com/publication/145201a6?page=24"> Switched on. Hidden talents are no good to anyone</a> <a title="Economia APRIL 16 page 25" href="http://viewer.zmags.com/publication/145201a6?page=25"> THE AUDIT From the top PHOTOGRAPHY: DOMINICK TY</a> <a title="Economia APRIL 16 page 26" href="http://viewer.zmags.com/publication/145201a6?page=26"> Michael Izza “Business people continue to look f</a> <a title="Economia APRIL 16 page 27" href="http://viewer.zmags.com/publication/145201a6?page=27"> OPINION twitter.com/economiamag · face</a> <a title="Economia APRIL 16 page 28" href="http://viewer.zmags.com/publication/145201a6?page=28"> Bronwen Maddox “For many people, and I include m</a> <a title="Economia APRIL 16 page 29" href="http://viewer.zmags.com/publication/145201a6?page=29"> OPINION Jon Moulton “The referendum gives t</a> <a title="Economia APRIL 16 page 30" href="http://viewer.zmags.com/publication/145201a6?page=30"> Laura Gardiner “The big question now is how much</a> <a title="Economia APRIL 16 page 31" href="http://viewer.zmags.com/publication/145201a6?page=31"> OPINION Francesca Lagerberg “In response to</a> <a title="Economia APRIL 16 page 32" href="http://viewer.zmags.com/publication/145201a6?page=32"> 32 </a> <a title="Economia APRIL 16 page 33" href="http://viewer.zmags.com/publication/145201a6?page=33"> economia APRIL 2016 COVER STORY BETH BROOKE-MARC</a> <a title="Economia APRIL 16 page 34" href="http://viewer.zmags.com/publication/145201a6?page=34"> 34 </a> <a title="Economia APRIL 16 page 35" href="http://viewer.zmags.com/publication/145201a6?page=35"> COVER STORY BETH BROOKE-MARCINIAK her </a> <a title="Economia APRIL 16 page 36" href="http://viewer.zmags.com/publication/145201a6?page=36"> COVER STORY BETH BROOKE-MARCINIAK to use i</a> <a title="Economia APRIL 16 page 37" href="http://viewer.zmags.com/publication/145201a6?page=37"> Is sustainability at the core of your business mo</a> <a title="Economia APRIL 16 page 38" href="http://viewer.zmags.com/publication/145201a6?page=38"> Operating under the principle “One country, two s</a> <a title="Economia APRIL 16 page 39" href="http://viewer.zmags.com/publication/145201a6?page=39"> H ong Kong is a city unlike</a> <a title="Economia APRIL 16 page 40" href="http://viewer.zmags.com/publication/145201a6?page=40"> position in terms of its legal orientation. Hong </a> <a title="Economia APRIL 16 page 41" href="http://viewer.zmags.com/publication/145201a6?page=41"> Although Occupy Central was eventually peacef</a> <a title="Economia APRIL 16 page 42" href="http://viewer.zmags.com/publication/145201a6?page=42"> HONG KONG stay</a> <a title="Economia APRIL 16 page 43" href="http://viewer.zmags.com/publication/145201a6?page=43"> We don't create the talent of the future But we k</a> <a title="Economia APRIL 16 page 44" href="http://viewer.zmags.com/publication/145201a6?page=44"> They didn't see the recession coming, they didn't</a> <a title="Economia APRIL 16 page 45" href="http://viewer.zmags.com/publication/145201a6?page=45"> ECONOMICS ILLUSTRATION: SÉBASTIEN THIBAULT E </a> <a title="Economia APRIL 16 page 46" href="http://viewer.zmags.com/publication/145201a6?page=46"> Predictions are notorious for being wrong, an</a> <a title="Economia APRIL 16 page 47" href="http://viewer.zmags.com/publication/145201a6?page=47"> pragmatic view of economic forecasting, as all th</a> <a title="Economia APRIL 16 page 48" href="http://viewer.zmags.com/publication/145201a6?page=48"> Should there be more comprehensive legislation co</a> <a title="Economia APRIL 16 page 49" href="http://viewer.zmags.com/publication/145201a6?page=49"> DEBATE YES Ian Graham </a> <a title="Economia APRIL 16 page 50" href="http://viewer.zmags.com/publication/145201a6?page=50"> news and views. economia online has all the news </a> <a title="Economia APRIL 16 page 51" href="http://viewer.zmags.com/publication/145201a6?page=51"> A DAY IN THE LIFE Saturday Sunday </a> <a title="Economia APRIL 16 page 52" href="http://viewer.zmags.com/publication/145201a6?page=52"> Tomlinson, main picture, left, likes the flexibil</a> <a title="Economia APRIL 16 page 53" href="http://viewer.zmags.com/publication/145201a6?page=53"> Absolute Aromas bath salts are popular with shopp</a> <a title="Economia APRIL 16 page 54" href="http://viewer.zmags.com/publication/145201a6?page=54"> DAY IN THE LIFE </a> <a title="Economia APRIL 16 page 55" href="http://viewer.zmags.com/publication/145201a6?page=55"> SPONSORED FEATURE ALL WELCOME By now, mo</a> <a title="Economia APRIL 16 page 56" href="http://viewer.zmags.com/publication/145201a6?page=56"> 56 </a> <a title="Economia APRIL 16 page 57" href="http://viewer.zmags.com/publication/145201a6?page=57"> WELSH ASSEMBLY Dragon's den In t</a> <a title="Economia APRIL 16 page 58" href="http://viewer.zmags.com/publication/145201a6?page=58"> good things happening in the Valleys, but there i</a> <a title="Economia APRIL 16 page 59" href="http://viewer.zmags.com/publication/145201a6?page=59"> Something else that every politician would al</a> <a title="Economia APRIL 16 page 60" href="http://viewer.zmags.com/publication/145201a6?page=60"> WELSH ASSEMBLY project most discussed</a> <a title="Economia APRIL 16 page 61" href="http://viewer.zmags.com/publication/145201a6?page=61"> SPONSORED FEATURE Ask the expert CHAMAN SALHAN </a> <a title="Economia APRIL 16 page 62" href="http://viewer.zmags.com/publication/145201a6?page=62"> 62 </a> <a title="Economia APRIL 16 page 63" href="http://viewer.zmags.com/publication/145201a6?page=63"> WORKPLACES IN IT TOGETHER Xenia Taliot</a> <a title="Economia APRIL 16 page 64" href="http://viewer.zmags.com/publication/145201a6?page=64"> Investments), which have taken its global floor s</a> <a title="Economia APRIL 16 page 65" href="http://viewer.zmags.com/publication/145201a6?page=65"> innovation and alternative finance.” There's </a> <a title="Economia APRIL 16 page 66" href="http://viewer.zmags.com/publication/145201a6?page=66"> LIFTING THE VEIL 40 CARL RICHARDS and C</a> <a title="Economia APRIL 16 page 67" href="http://viewer.zmags.com/publication/145201a6?page=67"> THE ECONOMIA ESSAY between defe</a> <a title="Economia APRIL 16 page 68" href="http://viewer.zmags.com/publication/145201a6?page=68"> Champagne sailing Ian Dixon followed a well-wa</a> <a title="Economia APRIL 16 page 69" href="http://viewer.zmags.com/publication/145201a6?page=69"> MEMBER PROFILE IAN DIXON PHOTOGRAPHY: ROB WHITRO</a> <a title="Economia APRIL 16 page 70" href="http://viewer.zmags.com/publication/145201a6?page=70"> Technical Key developments Our at-a-glance guide</a> <a title="Economia APRIL 16 page 71" href="http://viewer.zmags.com/publication/145201a6?page=71"> TECHNICAL UPDATES will be </a> <a title="Economia APRIL 16 page 72" href="http://viewer.zmags.com/publication/145201a6?page=72"> where they would not affect decision- making then</a> <a title="Economia APRIL 16 page 73" href="http://viewer.zmags.com/publication/145201a6?page=73"> TECHNICAL UPDATES that imp</a> <a title="Economia APRIL 16 page 74" href="http://viewer.zmags.com/publication/145201a6?page=74"> Engine failure Relying on outdated finance and</a> <a title="Economia APRIL 16 page 75" href="http://viewer.zmags.com/publication/145201a6?page=75"> TECHNICAL FINANCE SYSTEMS outdated E</a> <a title="Economia APRIL 16 page 76" href="http://viewer.zmags.com/publication/145201a6?page=76"> See no evil The Modern Slavery Act demands tha</a> <a title="Economia APRIL 16 page 77" href="http://viewer.zmags.com/publication/145201a6?page=77"> TECHNICAL MODERN SLAVERY ILLUSTRATION: MARIA COR</a> <a title="Economia APRIL 16 page 78" href="http://viewer.zmags.com/publication/145201a6?page=78"> Taking the credit A total of £255bn in late pa</a> <a title="Economia APRIL 16 page 79" href="http://viewer.zmags.com/publication/145201a6?page=79"> TECHNICAL LATE PAYMENT involved do n</a> <a title="Economia APRIL 16 page 80" href="http://viewer.zmags.com/publication/145201a6?page=80"> Dunkley's: Award-winning equality Director Mike </a> <a title="Economia APRIL 16 page 81" href="http://viewer.zmags.com/publication/145201a6?page=81"> TECHNICAL PRACTICE PROFILE LESSONS LEARNED: </a> <a title="Economia APRIL 16 page 82" href="http://viewer.zmags.com/publication/145201a6?page=82"> Disciplinary listings These reports are summa</a> <a title="Economia APRIL 16 page 83" href="http://viewer.zmags.com/publication/145201a6?page=83"> TECHNICAL DISCIPLINARIES </a> <a title="Economia APRIL 16 page 84" href="http://viewer.zmags.com/publication/145201a6?page=84"> </a> <a title="Economia APRIL 16 page 85" href="http://viewer.zmags.com/publication/145201a6?page=85"> Life reviews/food/people </a> <a title="Economia APRIL 16 page 86" href="http://viewer.zmags.com/publication/145201a6?page=86"> Life sheds Me and my shed It's a</a> <a title="Economia APRIL 16 page 87" href="http://viewer.zmags.com/publication/145201a6?page=87"> W hether you use it as an o</a> <a title="Economia APRIL 16 page 88" href="http://viewer.zmags.com/publication/145201a6?page=88"> SHOFFICE The brief to architects Platform 5 for t</a> <a title="Economia APRIL 16 page 89" href="http://viewer.zmags.com/publication/145201a6?page=89"> INSIDE STORY LOVELY THINGS TO PUT IN YOUR SHED A</a> <a title="Economia APRIL 16 page 90" href="http://viewer.zmags.com/publication/145201a6?page=90"> Driftwood coffee table, £495, </a> <a title="Economia APRIL 16 page 91" href="http://viewer.zmags.com/publication/145201a6?page=91"> Lumio book lamp, £195, </a> <a title="Economia APRIL 16 page 92" href="http://viewer.zmags.com/publication/145201a6?page=92"> </a> <a title="Economia APRIL 16 page 93" href="http://viewer.zmags.com/publication/145201a6?page=93"> EVENTS Dust down the bunting, clear the street o</a> <a title="Economia APRIL 16 page 94" href="http://viewer.zmags.com/publication/145201a6?page=94"> </a> <a title="Economia APRIL 16 page 95" href="http://viewer.zmags.com/publication/145201a6?page=95"> RECRUITMENT icaewjobs@icaew.com </a> <a title="Economia APRIL 16 page 96" href="http://viewer.zmags.com/publication/145201a6?page=96"> DIRECTORY ACCOUNTING SOFTWARE NOMISMA ACCOUN</a> <a title="Economia APRIL 16 page 97" href="http://viewer.zmags.com/publication/145201a6?page=97"> MIRAJ VYAS miraj.vyas@progressivecontent.com +44 </a> <a title="Economia APRIL 16 page 98" href="http://viewer.zmags.com/publication/145201a6?page=98"> Life after work Th</a> <a title="Economia APRIL 16 page 99" href="http://viewer.zmags.com/publication/145201a6?page=99"> Financial Controllers' Conference 2016 From techn</a> <a title="Economia APRIL 16 page 100" href="http://viewer.zmags.com/publication/145201a6?page=100"> Discover a Get a new perspective on b</a>