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Best regards
Zmags
Out of Africa Evita
Nyandoro on the
potential of a continent
and her role promoting it
PASTURES NEW
Andy Gibbs, CFO at Graze, talks
about life after PwC, making it big
in America, and the beauty of data
IFRS How two global Blockchain Best known as
organisations are the tech behind bitcoin but
collaborating for the increasingly used to help
greater good businesses save money
OCTOBER 2017 ECONOMIA.ICAEW.COM
Brexit Our analysis of
what VAT might look like
once the UK leaves the
European Union
£1,750 + £500
DEPOSIT CONTRIBUTION1 EXTRA IF YOU TEST
DRIVE AND BUY BEFORE
16TH DECEMBER2
THE MITSUBISHI
5.9% APR
REPRESENTATIV
Out of Africa Evita Nyandoro on
£1,750 + £500 DEPOSIT CONTRIBUTION1 EX
VAT WILL BE NO QUICK DIGITAL WIN FOR HMRC The dec
Highlights 08 THE AUDIT 08 In case you missed it
CONTENTS 31 FEATURES 31 IFRS 36 Andy Gibbs 40 C
economia is published by Progressive Content 71-7
COMPLEXITY MADE SIMPLE. Running your small busin
Take a dip Our news team looks at the meaningful
India tax reform When Narendra Modi came to power
Debate: JO JOHNSON, the universities minister “Y
STUART RIMMER, principal at East Coast College
A WELL-DESERVED OPPORTUNITY You worked har
Kath Haines, chief executive at Caba, puts people
14
I trained at EY and have some fond memo
THE AUDIT economia reviews... T
The Future Of Audit How technology
THE AUDIT From the Institute this month: a wa
EYEBROW SPONSORED FEATURE START AT AGE 45
WORK FOR WORK WITH CL
ICAEW president Nick Parker on making the profess
Life's full of options. Choose wisely. Choose Cha
Michael Izza We always seek to consider the big p
A t least some of the meas-
Jo Owen Technology may well alter the professions
Oxford Economics The slowdown in China's rural-ur
Letter from New Zealand Lisa Gray reflects on the
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individuals should pay a portion of their surplus
Up to 68% of online carts are abandoned be
INTERNATIONAL: IFRS Come together Encouraging mea
D eveloping countri
INTERNATIONAL: IFRS helping countries to devel
INTERNATIONAL: IFRS “It's about moving the eco
Anomalies don't always stand out A deeper view o
36
ANDY GIBBS INTERVIEW BY AMY DUFF PHOTOGRAPHY BY
“We continually invest in our data scientists. It
`that's not the best way'. We're our harshest cri
The creative industries generate a lot of wealth.
CREATIVE INDUSTRIES and theatre – tha
BE FIRST OFF THE LINE RELX (UK)
“This idea people would expect an economic value
CREATIVE INDUSTRIES cannot afford any complac
Next issue November 2017 New sensation After
ESTIMATION UNKNOWN The IAASB is causing a stir w
PHOTOGRAPHY BY JOE BLOGGS WINDS OF CHANGE The ma
assertion, line item and assessed risk in the fin
PHOTOGRAPHY BY JOE BLOGGS The concepts in th
No place like home Housing in the UK is now near
T he UK's housing crisis boils down
local authorities, faced with repeated cuts to th
a 50% stake. The fund would invest £100bn over 10
ઽ7KH*HRFKURQ®:RUOG&ORFN These handmade moving mas
A DAY IN THE LIFE Monday Tuesday
David Riley joined the Harbour Commission at Cowe
ECONOMIA OCTOBER 2017 A DAY IN THE LIFE
A DAY IN THE LIFE
ACA Prospects: What's Next?
LIVING UP TO THE HYPE 60
Blockchain was hailed as a panacea to myriad ills
consortium. JPMorgan Chase & Co followed Goldman
Some of the myths around blockchain technolog
Great client relationships: the key to success in
selling point for accountants, Ellis suggests. “S
In this section GOING IT ALONE The appeal of bei
PILHLUOSTTORGARTAIOPHNYBBYYJJAOCEOBLOSTGEGASD no
to have worked with entrepreneurial business owne
NO REGRETS Liam Collins has been an interim finan
Technology & business economia.icaew.com/tech-hub
Career ladder Meg Whitman She didn't get the top
E vita Nyandoro is an outstanding t
PHOTOGRAPHY BY TIM HULME She moved back to J
Technical key developments Our at-a-glance guide
corporate governance. Gone are the binding shareh
bodies, including ICAEW, and ensuring the quality
to demonstrate how they have taken both sharehold
Data demands Despite the absence of specific guid
TECHNICAL: DATA PROTECTION The status of
VAT after Brexit Peter Bartram models the possibl
“A headline-grabbing reduction in the VAT rate fo
Making the parts a greater whole Xenia Taliotis l
TECHNICAL: MERGERS of our specialist expertis
Disciplinary Listings These reports are s
Order Reprimand, £3,400 fine, £3,300 costs. He wa
Essential advice for ÄUHUJLWYVMLZZPVUHSZ PQ h
Life this month: GETTY IMAGES Friends
Life Wellbeing MAKING MID-LIFE MATES If you
2017 CROSSFIT, INC. ALL RIGHTS RESERVED. DAN RAYM
Life Wellbeing WALK THE DOG A sure-fire way
MAKE A DATE If you're looking for more than frien
One Moorgate Place has a range of diverse spaces
Life in review AUDI A8 The latest version of
Garmin Edge 1030 Garmin's latest bike computer of
2016 and 2017 Travelled to Norway and New York to
TO ADVERTISE IN THE DIRECTORY PLEASE CONTACT LAUR
LIFE AFTER WORK W e need to mo
Practice 2017 Conference and Expo 16 –17 NOVEMBER
MOVING YOUR FLEET FORWARD WITH THE UK'S MOST TEC