<br />
INTELLIGENCE AND INSIGHT<br />
MARCH 2014 | ICAEW.COM/ECONOMIA ISSUE 25 | ACCOUNTANCY | FINANCE | BUSINESS<br />
“My<br />
ultimate<br />
goal is to<br />
see a time<br />
when we no<br />
longer hear<br />
of major<br />
corruption<br />
PAUL WRIGHT<br />
in Kenya” DAME MARY KEEGAN<br />
PAULINE WALLACE<br />
Edward Ouko, GARRICK HILEMAN<br />
auditor general of Kenya PAUL HELM<br />
NEW CITY REGULATORS<br />
THE SHARED ECONOMY<br />
THE FALL OF BRAZIL<br />
PRACTICE LEADERSHIP<br />
INTEREST RATES<br />
“We're growing rapidly.<br />
Our bank's loa<a title="Economia MARCH 14 page 1" href="http://viewer.zmags.com/publication/adff9b38?page=1"> INTELLIGENCE AND INSIGHT MARCH 2014 | </a>
<a title="Economia MARCH 14 page 2" href="http://viewer.zmags.com/publication/adff9b38?page=2"> “We're growing rapidly. Our bank's loan fund </a>
<a title="Economia MARCH 14 page 3" href="http://viewer.zmags.com/publication/adff9b38?page=3"> There has been much talk recently about our broke</a>
<a title="Economia MARCH 14 page 4" href="http://viewer.zmags.com/publication/adff9b38?page=4"> </a>
<a title="Economia MARCH 14 page 5" href="http://viewer.zmags.com/publication/adff9b38?page=5"> </a>
<a title="Economia MARCH 14 page 6" href="http://viewer.zmags.com/publication/adff9b38?page=6"> ICAEW in this issue “As accountants we like to th</a>
<a title="Economia MARCH 14 page 7" href="http://viewer.zmags.com/publication/adff9b38?page=7"> COVER: SVEN TORFINN There is more technical insi</a>
<a title="Economia MARCH 14 page 8" href="http://viewer.zmags.com/publication/adff9b38?page=8"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (Cha</a>
<a title="Economia MARCH 14 page 9" href="http://viewer.zmags.com/publication/adff9b38?page=9"> </a>
<a title="Economia MARCH 14 page 10" href="http://viewer.zmags.com/publication/adff9b38?page=10"> In review THE INTERNATIONAL PICTURE $ 51bn How mu</a>
<a title="Economia MARCH 14 page 11" href="http://viewer.zmags.com/publication/adff9b38?page=11"> THE AUDIT Most expensive storms in UK history </a>
<a title="Economia MARCH 14 page 12" href="http://viewer.zmags.com/publication/adff9b38?page=12"> THE AUDIT JANET YELLEN</a>
<a title="Economia MARCH 14 page 13" href="http://viewer.zmags.com/publication/adff9b38?page=13"> Winner of `Best Leasing & Asset Finance Provider'</a>
<a title="Economia MARCH 14 page 14" href="http://viewer.zmags.com/publication/adff9b38?page=14"> </a>
<a title="Economia MARCH 14 page 15" href="http://viewer.zmags.com/publication/adff9b38?page=15"> THE AUDIT As I see it Paul Helm, CFO at New Zeal</a>
<a title="Economia MARCH 14 page 16" href="http://viewer.zmags.com/publication/adff9b38?page=16"> THE AUDIT Book reviews Richard Cree review</a>
<a title="Economia MARCH 14 page 17" href="http://viewer.zmags.com/publication/adff9b38?page=17"> </a>
<a title="Economia MARCH 14 page 18" href="http://viewer.zmags.com/publication/adff9b38?page=18"> THE AUDIT From the top I was reminde</a>
<a title="Economia MARCH 14 page 19" href="http://viewer.zmags.com/publication/adff9b38?page=19"> Proof, you can please all the people all the time</a>
<a title="Economia MARCH 14 page 20" href="http://viewer.zmags.com/publication/adff9b38?page=20"> OPENING DOORS TO GLOBAL GROWTH OPPORTUNITIES </a>
<a title="Economia MARCH 14 page 21" href="http://viewer.zmags.com/publication/adff9b38?page=21"> THE AUDIT UK EDUCATION NEEDS OVERHAUL Labour pee</a>
<a title="Economia MARCH 14 page 22" href="http://viewer.zmags.com/publication/adff9b38?page=22"> W hen I was a </a>
<a title="Economia MARCH 14 page 23" href="http://viewer.zmags.com/publication/adff9b38?page=23"> THE AUDIT </a>
<a title="Economia MARCH 14 page 24" href="http://viewer.zmags.com/publication/adff9b38?page=24"> Infosecurity Europe 29 April – 1 May | Earls Cour</a>
<a title="Economia MARCH 14 page 25" href="http://viewer.zmags.com/publication/adff9b38?page=25"> THE AUDIT The graph In our statistical portrait </a>
<a title="Economia MARCH 14 page 26" href="http://viewer.zmags.com/publication/adff9b38?page=26"> Michael Izza You have been warned… O </a>
<a title="Economia MARCH 14 page 27" href="http://viewer.zmags.com/publication/adff9b38?page=27"> OPINION TOP FIVE MOST READ STOR</a>
<a title="Economia MARCH 14 page 28" href="http://viewer.zmags.com/publication/adff9b38?page=28"> OPINION Jason Cowley Long-term planning beats wa</a>
<a title="Economia MARCH 14 page 29" href="http://viewer.zmags.com/publication/adff9b38?page=29"> </a>
<a title="Economia MARCH 14 page 30" href="http://viewer.zmags.com/publication/adff9b38?page=30"> </a>
<a title="Economia MARCH 14 page 31" href="http://viewer.zmags.com/publication/adff9b38?page=31"> OPINION Cathy Newman The political game of claim </a>
<a title="Economia MARCH 14 page 32" href="http://viewer.zmags.com/publication/adff9b38?page=32"> OPINION Garrick Hileman Bitcoin is the secret to</a>
<a title="Economia MARCH 14 page 33" href="http://viewer.zmags.com/publication/adff9b38?page=33"> Auto enrolment: together we can ease the burden </a>
<a title="Economia MARCH 14 page 34" href="http://viewer.zmags.com/publication/adff9b38?page=34"> THE CORRUPTION COP Since his appointment as Audit</a>
<a title="Economia MARCH 14 page 35" href="http://viewer.zmags.com/publication/adff9b38?page=35"> COVER STORY EDWARD OUKO </a>
<a title="Economia MARCH 14 page 36" href="http://viewer.zmags.com/publication/adff9b38?page=36"> leader, it also forced me to rethink my own attit</a>
<a title="Economia MARCH 14 page 37" href="http://viewer.zmags.com/publication/adff9b38?page=37"> on which direction the bank should be taking, eve</a>
<a title="Economia MARCH 14 page 38" href="http://viewer.zmags.com/publication/adff9b38?page=38"> Over-confidence, over- spending and over-indulgen</a>
<a title="Economia MARCH 14 page 39" href="http://viewer.zmags.com/publication/adff9b38?page=39"> REUTERS B razil has a flair for se</a>
<a title="Economia MARCH 14 page 40" href="http://viewer.zmags.com/publication/adff9b38?page=40"> government has been seeking to shift growth away </a>
<a title="Economia MARCH 14 page 41" href="http://viewer.zmags.com/publication/adff9b38?page=41"> mount. Government debt is already around 59% of G</a>
<a title="Economia MARCH 14 page 42" href="http://viewer.zmags.com/publication/adff9b38?page=42"> OUT OF OFFICE The traditional partner-management </a>
<a title="Economia MARCH 14 page 43" href="http://viewer.zmags.com/publication/adff9b38?page=43"> many times I see a client and they say I'm the fi</a>
<a title="Economia MARCH 14 page 44" href="http://viewer.zmags.com/publication/adff9b38?page=44"> PRACTICE MANAGEMENT “Why make someone who is </a>
<a title="Economia MARCH 14 page 45" href="http://viewer.zmags.com/publication/adff9b38?page=45"> DISCOVER THE REWARDS OF YOUR HARD WORK PROF</a>
<a title="Economia MARCH 14 page 46" href="http://viewer.zmags.com/publication/adff9b38?page=46"> Business as usual? Since the 2008 crash, the pre</a>
<a title="Economia MARCH 14 page 47" href="http://viewer.zmags.com/publication/adff9b38?page=47"> SPECIAL INVESTIGATION BANKING REGULATION J </a>
<a title="Economia MARCH 14 page 48" href="http://viewer.zmags.com/publication/adff9b38?page=48"> ICAEW VIEW Q. How effective are the PRA and FCA </a>
<a title="Economia MARCH 14 page 49" href="http://viewer.zmags.com/publication/adff9b38?page=49"> SPECIAL INVESTIGATION BANKING REGULATION </a>
<a title="Economia MARCH 14 page 50" href="http://viewer.zmags.com/publication/adff9b38?page=50"> Is GDP really the most effective marker of econom</a>
<a title="Economia MARCH 14 page 51" href="http://viewer.zmags.com/publication/adff9b38?page=51"> DEBATE YES Joe Grice </a>
<a title="Economia MARCH 14 page 52" href="http://viewer.zmags.com/publication/adff9b38?page=52"> Shared dealing In the aftermath of the financial </a>
<a title="Economia MARCH 14 page 53" href="http://viewer.zmags.com/publication/adff9b38?page=53"> “ParkatmyHouse has more than 350,000 registered d</a>
<a title="Economia MARCH 14 page 54" href="http://viewer.zmags.com/publication/adff9b38?page=54"> formative time where they get to challenge what t</a>
<a title="Economia MARCH 14 page 55" href="http://viewer.zmags.com/publication/adff9b38?page=55"> Left: Users of Love Home Swap display pictures of</a>
<a title="Economia MARCH 14 page 56" href="http://viewer.zmags.com/publication/adff9b38?page=56"> SWITCHING ON Energy efficiency has yet to take ce</a>
<a title="Economia MARCH 14 page 57" href="http://viewer.zmags.com/publication/adff9b38?page=57"> ENERGY EFFICIENCY</a>
<a title="Economia MARCH 14 page 58" href="http://viewer.zmags.com/publication/adff9b38?page=58"> unit, biomass boiler, efficient dual-fuel boilers</a>
<a title="Economia MARCH 14 page 59" href="http://viewer.zmags.com/publication/adff9b38?page=59"> keeps the internal temperature at 11C, without ar</a>
<a title="Economia MARCH 14 page 60" href="http://viewer.zmags.com/publication/adff9b38?page=60"> NOT SO QUIET ON THE WEATHER FRONT From floo</a>
<a title="Economia MARCH 14 page 61" href="http://viewer.zmags.com/publication/adff9b38?page=61"> WEATHER AND BUSINESS “CLIMATE IS WHAT YOU EXP</a>
<a title="Economia MARCH 14 page 62" href="http://viewer.zmags.com/publication/adff9b38?page=62"> “If a ball is thrown through your window, the ins</a>
<a title="Economia MARCH 14 page 63" href="http://viewer.zmags.com/publication/adff9b38?page=63"> WEATHER AND BUSINESS are looking at this. For</a>
<a title="Economia MARCH 14 page 64" href="http://viewer.zmags.com/publication/adff9b38?page=64"> INCLUSION IS IMPERATIVE 20 Organisat</a>
<a title="Economia MARCH 14 page 65" href="http://viewer.zmags.com/publication/adff9b38?page=65"> THE ECONOMIA ESSAY research pos</a>
<a title="Economia MARCH 14 page 66" href="http://viewer.zmags.com/publication/adff9b38?page=66"> CAREER IN A NUTSHELL Jan 2014 – present CFO, AFH</a>
<a title="Economia MARCH 14 page 67" href="http://viewer.zmags.com/publication/adff9b38?page=67"> PROFILE PAUL WRIGHT POSITIVE VALUES As soon </a>
<a title="Economia MARCH 14 page 68" href="http://viewer.zmags.com/publication/adff9b38?page=68"> </a>
<a title="Economia MARCH 14 page 69" href="http://viewer.zmags.com/publication/adff9b38?page=69"> Technical The top five The principles of good co</a>
<a title="Economia MARCH 14 page 70" href="http://viewer.zmags.com/publication/adff9b38?page=70"> Key developments AUDIT CC delays audit ref</a>
<a title="Economia MARCH 14 page 71" href="http://viewer.zmags.com/publication/adff9b38?page=71"> TECHNICAL UPDATES they refused to</a>
<a title="Economia MARCH 14 page 72" href="http://viewer.zmags.com/publication/adff9b38?page=72"> New year, new rules How can you help your client</a>
<a title="Economia MARCH 14 page 73" href="http://viewer.zmags.com/publication/adff9b38?page=73"> TECHNICAL TAX structure which is not</a>
<a title="Economia MARCH 14 page 74" href="http://viewer.zmags.com/publication/adff9b38?page=74"> Picking up probate ACAs should soon be able to o</a>
<a title="Economia MARCH 14 page 75" href="http://viewer.zmags.com/publication/adff9b38?page=75"> TECHNICAL PROBATE SERVICES ILLUSTRATION: ARON VE</a>
<a title="Economia MARCH 14 page 76" href="http://viewer.zmags.com/publication/adff9b38?page=76"> Interesting times Despite the governor of the </a>
<a title="Economia MARCH 14 page 77" href="http://viewer.zmags.com/publication/adff9b38?page=77"> TECHNICAL INTEREST RATES ILLUSTRATION: ARON VELL</a>
<a title="Economia MARCH 14 page 78" href="http://viewer.zmags.com/publication/adff9b38?page=78"> Upgrade top ranking The correct practice managem</a>
<a title="Economia MARCH 14 page 79" href="http://viewer.zmags.com/publication/adff9b38?page=79"> TECHNICAL PRACTICE MANAGEMENT “Peopl</a>
<a title="Economia MARCH 14 page 80" href="http://viewer.zmags.com/publication/adff9b38?page=80"> Qualified to lead Where once an</a>
<a title="Economia MARCH 14 page 81" href="http://viewer.zmags.com/publication/adff9b38?page=81"> TECHNICAL CAREER DEVELOPMENT career </a>
<a title="Economia MARCH 14 page 82" href="http://viewer.zmags.com/publication/adff9b38?page=82"> PKF Littlejohn: All under one roof Practising st</a>
<a title="Economia MARCH 14 page 83" href="http://viewer.zmags.com/publication/adff9b38?page=83"> TECHNICAL PRACTICE PROFILE ILLUSTRATION: ARON VE</a>
<a title="Economia MARCH 14 page 84" href="http://viewer.zmags.com/publication/adff9b38?page=84"> Auditor appeal thrown out and ACA student jumps t</a>
<a title="Economia MARCH 14 page 85" href="http://viewer.zmags.com/publication/adff9b38?page=85"> TECHNICAL DISCIPLINARIES Report listings Th</a>
<a title="Economia MARCH 14 page 86" href="http://viewer.zmags.com/publication/adff9b38?page=86"> Life How I switch off When Laura Powell asked six</a>
<a title="Economia MARCH 14 page 87" href="http://viewer.zmags.com/publication/adff9b38?page=87"> I swim in the great outdoors “In 1999, I trapp</a>
<a title="Economia MARCH 14 page 88" href="http://viewer.zmags.com/publication/adff9b38?page=88"> I judge dressage competitions “Every August, 5</a>
<a title="Economia MARCH 14 page 89" href="http://viewer.zmags.com/publication/adff9b38?page=89"> LIFE HOW I SWITCH OFF </a>
<a title="Economia MARCH 14 page 90" href="http://viewer.zmags.com/publication/adff9b38?page=90"> I write books for children “When my daughter M</a>
<a title="Economia MARCH 14 page 91" href="http://viewer.zmags.com/publication/adff9b38?page=91"> LIFE HOW I SWITCH OFF I race my yacht singleha</a>
<a title="Economia MARCH 14 page 92" href="http://viewer.zmags.com/publication/adff9b38?page=92"> Restaurants In search of a relaxed restaurant </a>
<a title="Economia MARCH 14 page 93" href="http://viewer.zmags.com/publication/adff9b38?page=93"> 1. Go to work on an orange Forget a boiled egg. S</a>
<a title="Economia MARCH 14 page 94" href="http://viewer.zmags.com/publication/adff9b38?page=94"> Stress is best We view stress as a negative re</a>
<a title="Economia MARCH 14 page 95" href="http://viewer.zmags.com/publication/adff9b38?page=95"> Asset Based Lending – We let our clients do the t</a>
<a title="Economia MARCH 14 page 96" href="http://viewer.zmags.com/publication/adff9b38?page=96"> DIRECTORY RECRUITMENT VOLUNTARY LIQUIDATION D</a>
<a title="Economia MARCH 14 page 97" href="http://viewer.zmags.com/publication/adff9b38?page=97"> LUCINDA RICHARDSON lucinda.richardson@progressive</a>
<a title="Economia MARCH 14 page 98" href="http://viewer.zmags.com/publication/adff9b38?page=98"> LIFE AFTER WORK </a>
<a title="Economia MARCH 14 page 99" href="http://viewer.zmags.com/publication/adff9b38?page=99"> Turning technical experts into business leaders W</a>
<a title="Economia MARCH 14 page 100" href="http://viewer.zmags.com/publication/adff9b38?page=100"> THE KEY TO AN EXTRAORDINARY LIFE IS QUITE LITERAL</a>