<br />
INTELLIGENCE AND INSIGHT<br />
FEBRUARY 2015 | ICAEW.COM/ECONOMIA ISSUE 35 | ACCOUNTANCY | FINANCE | BUSINESS<br />
All the<br />
world's a<br />
stage<br />
Sally O'Neill, chief operating<br />
officer at the Royal Opera House,<br />
sings to her own tune<br />
SUSTAINABILITY JASON COWLEY PUBLIC FINANCES PAUL JOHNSON THE DOUBLE IRISH<br />
<br />
After much wrangling<br />
and debate we are<br />
finally edging towards<br />
a picture of what the<br />
future holds for audit.<br />
What isn't clear is how<br />
the UK will choose to<br />
enact the EU directive.<br />
In response to pressure from ICAEW and<br />
others, the government has extended the<br />
period for responding to the consultation<br />
issued in December on how it should adopt<br />
the directive. Would-be respondents now<br />
have until the middle of March to get<br />
involved. It is positive that the government<br /<a title="Economia FEBRUARY 15 page 1" href="http://viewer.zmags.com/publication/7de61927?page=1"> INTELLIGENCE AND INSIGHT FEBRUARY 2015 </a>
<a title="Economia FEBRUARY 15 page 2" href="http://viewer.zmags.com/publication/7de61927?page=2"> </a>
<a title="Economia FEBRUARY 15 page 3" href="http://viewer.zmags.com/publication/7de61927?page=3"> After much wrangling and debate we are finally ed</a>
<a title="Economia FEBRUARY 15 page 4" href="http://viewer.zmags.com/publication/7de61927?page=4"> </a>
<a title="Economia FEBRUARY 15 page 5" href="http://viewer.zmags.com/publication/7de61927?page=5"> </a>
<a title="Economia FEBRUARY 15 page 6" href="http://viewer.zmags.com/publication/7de61927?page=6"> ICAEW in this issue </a>
<a title="Economia FEBRUARY 15 page 7" href="http://viewer.zmags.com/publication/7de61927?page=7"> COVER: CHARLIE BEST There is more technical insi</a>
<a title="Economia FEBRUARY 15 page 8" href="http://viewer.zmags.com/publication/7de61927?page=8"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA, (Ch</a>
<a title="Economia FEBRUARY 15 page 9" href="http://viewer.zmags.com/publication/7de61927?page=9"> The ICAEW has driven a great deal. So you </a>
<a title="Economia FEBRUARY 15 page 10" href="http://viewer.zmags.com/publication/7de61927?page=10"> In review THE INTERNATIONAL PICTURE $45.19 Brent </a>
<a title="Economia FEBRUARY 15 page 11" href="http://viewer.zmags.com/publication/7de61927?page=11"> THE AUDIT COPPER Decline in sh</a>
<a title="Economia FEBRUARY 15 page 12" href="http://viewer.zmags.com/publication/7de61927?page=12"> SCALABLE Unlike other forms of finance, Asset Bas</a>
<a title="Economia FEBRUARY 15 page 13" href="http://viewer.zmags.com/publication/7de61927?page=13"> THE AUDIT MITCH THE TAX MAN </a>
<a title="Economia FEBRUARY 15 page 14" href="http://viewer.zmags.com/publication/7de61927?page=14"> THE AUDIT As I see it Paul Dillon-Robinson is di</a>
<a title="Economia FEBRUARY 15 page 15" href="http://viewer.zmags.com/publication/7de61927?page=15"> Awards 2014 lombard.co.uk Lines are </a>
<a title="Economia FEBRUARY 15 page 16" href="http://viewer.zmags.com/publication/7de61927?page=16"> THE AUDIT From the top I n the las</a>
<a title="Economia FEBRUARY 15 page 17" href="http://viewer.zmags.com/publication/7de61927?page=17"> </a>
<a title="Economia FEBRUARY 15 page 18" href="http://viewer.zmags.com/publication/7de61927?page=18"> THE AUDIT ICAEW SECURES BIS CONSULTATION EXTENSI</a>
<a title="Economia FEBRUARY 15 page 19" href="http://viewer.zmags.com/publication/7de61927?page=19"> </a>
<a title="Economia FEBRUARY 15 page 20" href="http://viewer.zmags.com/publication/7de61927?page=20"> SPECIALLY NEGOTIATED RATES FOR ICAEW MEMBERS </a>
<a title="Economia FEBRUARY 15 page 21" href="http://viewer.zmags.com/publication/7de61927?page=21"> THE AUDIT The graph In our statistical portrait </a>
<a title="Economia FEBRUARY 15 page 22" href="http://viewer.zmags.com/publication/7de61927?page=22"> THE AUDIT Book review Amy Duff investigate</a>
<a title="Economia FEBRUARY 15 page 23" href="http://viewer.zmags.com/publication/7de61927?page=23"> Beautiful accounting software </a>
<a title="Economia FEBRUARY 15 page 24" href="http://viewer.zmags.com/publication/7de61927?page=24"> T he retail sector is still t</a>
<a title="Economia FEBRUARY 15 page 25" href="http://viewer.zmags.com/publication/7de61927?page=25"> THE AUDIT PHOTOGRAPHY: NICKY JOHNSTON economia </a>
<a title="Economia FEBRUARY 15 page 26" href="http://viewer.zmags.com/publication/7de61927?page=26"> Michael Izza “How refreshing it would be if we h</a>
<a title="Economia FEBRUARY 15 page 27" href="http://viewer.zmags.com/publication/7de61927?page=27"> OPINION twitter.com/economiamag · face</a>
<a title="Economia FEBRUARY 15 page 28" href="http://viewer.zmags.com/publication/7de61927?page=28"> DELIVERING CERTAINTY TO BUSINESSES IN 2015 </a>
<a title="Economia FEBRUARY 15 page 29" href="http://viewer.zmags.com/publication/7de61927?page=29"> OPINION Jason Cowley “Throughout Europe est</a>
<a title="Economia FEBRUARY 15 page 30" href="http://viewer.zmags.com/publication/7de61927?page=30"> OPINION Cathy Newman “The election campaign</a>
<a title="Economia FEBRUARY 15 page 31" href="http://viewer.zmags.com/publication/7de61927?page=31"> REGISTER TODAY FOR A JUNE 2015 ISACA CERTIFICATIO</a>
<a title="Economia FEBRUARY 15 page 32" href="http://viewer.zmags.com/publication/7de61927?page=32"> Paul Johnson “None of the parties is keen to sug</a>
<a title="Economia FEBRUARY 15 page 33" href="http://viewer.zmags.com/publication/7de61927?page=33"> OPINION Anders Åslund “Putin's leadership a</a>
<a title="Economia FEBRUARY 15 page 34" href="http://viewer.zmags.com/publication/7de61927?page=34"> OPINION Charles Bowman “Auditing has change</a>
<a title="Economia FEBRUARY 15 page 35" href="http://viewer.zmags.com/publication/7de61927?page=35"> “UK Export Finance helped us build our business o</a>
<a title="Economia FEBRUARY 15 page 36" href="http://viewer.zmags.com/publication/7de61927?page=36"> A delicate balance As chief operating officer of </a>
<a title="Economia FEBRUARY 15 page 37" href="http://viewer.zmags.com/publication/7de61927?page=37"> COVER STORY SALLY O'NEILL </a>
<a title="Economia FEBRUARY 15 page 38" href="http://viewer.zmags.com/publication/7de61927?page=38"> M idway through the interview, Sally O'Neill star</a>
<a title="Economia FEBRUARY 15 page 39" href="http://viewer.zmags.com/publication/7de61927?page=39"> COVER STORY SALLY O'NEILL </a>
<a title="Economia FEBRUARY 15 page 40" href="http://viewer.zmags.com/publication/7de61927?page=40"> COVER STORY SALLY O'NEILL </a>
<a title="Economia FEBRUARY 15 page 41" href="http://viewer.zmags.com/publication/7de61927?page=41"> “Read all about it” ICM granted Royal ICM ICM g</a>
<a title="Economia FEBRUARY 15 page 42" href="http://viewer.zmags.com/publication/7de61927?page=42"> IN DOUBT OF OUR LEADERS Europeans struggle to und</a>
<a title="Economia FEBRUARY 15 page 43" href="http://viewer.zmags.com/publication/7de61927?page=43"> TRUST IN PUBLIC FINANCES 22% 26% SWE</a>
<a title="Economia FEBRUARY 15 page 44" href="http://viewer.zmags.com/publication/7de61927?page=44"> TRUST AND CONFIDENCE 32%SWEDEN “I AM CONFIDENT </a>
<a title="Economia FEBRUARY 15 page 45" href="http://viewer.zmags.com/publication/7de61927?page=45"> TRUST IN PUBLIC FINANCES 63 % “I BELIEVE TH</a>
<a title="Economia FEBRUARY 15 page 46" href="http://viewer.zmags.com/publication/7de61927?page=46"> GREEN FIELDS For agricultural businesses, explori</a>
<a title="Economia FEBRUARY 15 page 47" href="http://viewer.zmags.com/publication/7de61927?page=47"> SPONSORED FEATURE powers the </a>
<a title="Economia FEBRUARY 15 page 48" href="http://viewer.zmags.com/publication/7de61927?page=48"> If only a minority of SMEs seek external </a>
<a title="Economia FEBRUARY 15 page 49" href="http://viewer.zmags.com/publication/7de61927?page=49"> </a>
<a title="Economia FEBRUARY 15 page 50" href="http://viewer.zmags.com/publication/7de61927?page=50"> BRITISH BUSINESS BANK 2 borrowing on credit c</a>
<a title="Economia FEBRUARY 15 page 51" href="http://viewer.zmags.com/publication/7de61927?page=51"> 1 PREPARE A BUSINESS PLAN A robust business pl</a>
<a title="Economia FEBRUARY 15 page 52" href="http://viewer.zmags.com/publication/7de61927?page=52"> 52 LIVING THE DREAM Proving that life- changing</a>
<a title="Economia FEBRUARY 15 page 53" href="http://viewer.zmags.com/publication/7de61927?page=53"> PHOTOGRAPHY: SUKI DHANDA waiting to sign off an </a>
<a title="Economia FEBRUARY 15 page 54" href="http://viewer.zmags.com/publication/7de61927?page=54"> – but neither of us had a clue how to do that,” O</a>
<a title="Economia FEBRUARY 15 page 55" href="http://viewer.zmags.com/publication/7de61927?page=55"> also quickly identified the problems, delays and </a>
<a title="Economia FEBRUARY 15 page 56" href="http://viewer.zmags.com/publication/7de61927?page=56"> HIRE POWER 56 </a>
<a title="Economia FEBRUARY 15 page 57" href="http://viewer.zmags.com/publication/7de61927?page=57"> R ecruiting the right person </a>
<a title="Economia FEBRUARY 15 page 58" href="http://viewer.zmags.com/publication/7de61927?page=58"> CAREER MOVES have</a>
<a title="Economia FEBRUARY 15 page 59" href="http://viewer.zmags.com/publication/7de61927?page=59"> Find the perfect role in your area icaewjobs.co</a>
<a title="Economia FEBRUARY 15 page 60" href="http://viewer.zmags.com/publication/7de61927?page=60"> CAREER MOVES “In terms of how we a</a>
<a title="Economia FEBRUARY 15 page 61" href="http://viewer.zmags.com/publication/7de61927?page=61"> Small businesses are HUGE The Little Big Co. Lt</a>
<a title="Economia FEBRUARY 15 page 62" href="http://viewer.zmags.com/publication/7de61927?page=62"> 62 </a>
<a title="Economia FEBRUARY 15 page 63" href="http://viewer.zmags.com/publication/7de61927?page=63"> FOREIGN TAKEOVERS UNDER NEW MANAGEMENT Few</a>
<a title="Economia FEBRUARY 15 page 64" href="http://viewer.zmags.com/publication/7de61927?page=64"> FOREIGN TAKEOVERS undertaking (POU), which </a>
<a title="Economia FEBRUARY 15 page 65" href="http://viewer.zmags.com/publication/7de61927?page=65"> news and views. economia online has all the news </a>
<a title="Economia FEBRUARY 15 page 66" href="http://viewer.zmags.com/publication/7de61927?page=66"> WHAT DOES “BRITISH” REALLY MEAN THESE DAYS? </a>
<a title="Economia FEBRUARY 15 page 67" href="http://viewer.zmags.com/publication/7de61927?page=67"> FOREIGN TAKEOVERS Those who would pull up</a>
<a title="Economia FEBRUARY 15 page 68" href="http://viewer.zmags.com/publication/7de61927?page=68"> CAREER IN A NUTSHELL 2012–present Director, PLYT </a>
<a title="Economia FEBRUARY 15 page 69" href="http://viewer.zmags.com/publication/7de61927?page=69"> L isa McCartney's ambition for PLYT, t</a>
<a title="Economia FEBRUARY 15 page 70" href="http://viewer.zmags.com/publication/7de61927?page=70"> CONSIDERING OUTSOURCING? Let advancetrack® show </a>
<a title="Economia FEBRUARY 15 page 71" href="http://viewer.zmags.com/publication/7de61927?page=71"> Technical The top five Risk-weighted assets, new</a>
<a title="Economia FEBRUARY 15 page 72" href="http://viewer.zmags.com/publication/7de61927?page=72"> Key developments EMPLOYMENT Holiday pay ru</a>
<a title="Economia FEBRUARY 15 page 73" href="http://viewer.zmags.com/publication/7de61927?page=73"> TECHNICAL UPDATES companies for t</a>
<a title="Economia FEBRUARY 15 page 74" href="http://viewer.zmags.com/publication/7de61927?page=74"> Sustainability means business Links between sust</a>
<a title="Economia FEBRUARY 15 page 75" href="http://viewer.zmags.com/publication/7de61927?page=75"> TECHNICAL SUSTAINABILITY ILLUSTRATION: ARON VELL</a>
<a title="Economia FEBRUARY 15 page 76" href="http://viewer.zmags.com/publication/7de61927?page=76"> Closing a loophole As the debate surrounding h</a>
<a title="Economia FEBRUARY 15 page 77" href="http://viewer.zmags.com/publication/7de61927?page=77"> TECHNICAL TAX BREAKS ILLUSTRATION: ARON VELLEKOO</a>
<a title="Economia FEBRUARY 15 page 78" href="http://viewer.zmags.com/publication/7de61927?page=78"> Weighing the risk Providing assurance on risk-</a>
<a title="Economia FEBRUARY 15 page 79" href="http://viewer.zmags.com/publication/7de61927?page=79"> TECHNICAL RISK-WEIGHTED ASSETS contr</a>
<a title="Economia FEBRUARY 15 page 80" href="http://viewer.zmags.com/publication/7de61927?page=80"> Hope Shaw: keeping it simple Loyalty, support an</a>
<a title="Economia FEBRUARY 15 page 81" href="http://viewer.zmags.com/publication/7de61927?page=81"> TECHNICAL PRACTICE PROFILE ILLUSTRATION: ARON VE</a>
<a title="Economia FEBRUARY 15 page 82" href="http://viewer.zmags.com/publication/7de61927?page=82"> Insolvency, separation of client's money and hand</a>
<a title="Economia FEBRUARY 15 page 83" href="http://viewer.zmags.com/publication/7de61927?page=83"> TECHNICAL DISCIPLINARIES Report listings Th</a>
<a title="Economia FEBRUARY 15 page 84" href="http://viewer.zmags.com/publication/7de61927?page=84"> Life Literature </a>
<a title="Economia FEBRUARY 15 page 85" href="http://viewer.zmags.com/publication/7de61927?page=85"> Left: Samantha Shannon secured a six-figure advan</a>
<a title="Economia FEBRUARY 15 page 86" href="http://viewer.zmags.com/publication/7de61927?page=86"> or sometimes the agent or publisher reading it is</a>
<a title="Economia FEBRUARY 15 page 87" href="http://viewer.zmags.com/publication/7de61927?page=87"> LIFE LITERATURE Ultimately, you should g</a>
<a title="Economia FEBRUARY 15 page 88" href="http://viewer.zmags.com/publication/7de61927?page=88"> 88 </a>
<a title="Economia FEBRUARY 15 page 89" href="http://viewer.zmags.com/publication/7de61927?page=89"> this stage try not to be too harsh in your judgem</a>
<a title="Economia FEBRUARY 15 page 90" href="http://viewer.zmags.com/publication/7de61927?page=90"> Restaurants Neil Davey opens a new chapter on t</a>
<a title="Economia FEBRUARY 15 page 91" href="http://viewer.zmags.com/publication/7de61927?page=91"> 2. Robin Freestone, CFO, Pearson Stopping by Wood</a>
<a title="Economia FEBRUARY 15 page 92" href="http://viewer.zmags.com/publication/7de61927?page=92"> The meal deal THUG KITCHEN, EAT LIKE YOU GIVE A F</a>
<a title="Economia FEBRUARY 15 page 93" href="http://viewer.zmags.com/publication/7de61927?page=93"> </a>
<a title="Economia FEBRUARY 15 page 94" href="http://viewer.zmags.com/publication/7de61927?page=94"> RECRUITMENT E7<<3@A( </a>
<a title="Economia FEBRUARY 15 page 95" href="http://viewer.zmags.com/publication/7de61927?page=95"> icaewjobs@icaew.com /:3F/<23@16/@:3A /</E/@2</a>
<a title="Economia FEBRUARY 15 page 96" href="http://viewer.zmags.com/publication/7de61927?page=96"> RECRUITMENT icaewjobs@icaew.com INTE</a>
<a title="Economia FEBRUARY 15 page 97" href="http://viewer.zmags.com/publication/7de61927?page=97"> DIRECTORYLOUISE SMALE louise.smale@progressivecp.</a>
<a title="Economia FEBRUARY 15 page 98" href="http://viewer.zmags.com/publication/7de61927?page=98"> LIFE AFTER WORK </a>
<a title="Economia FEBRUARY 15 page 99" href="http://viewer.zmags.com/publication/7de61927?page=99"> FD Conference 2015 Book your place now! A POST-</a>
<a title="Economia FEBRUARY 15 page 100" href="http://viewer.zmags.com/publication/7de61927?page=100"> </a>