<br />
INTELLIGENCE AND INSIGHT<br />
SEPTEMBER 2014 | ICAEW.COM/ECONOMIA ISSUE 30 | ACCOUNTANCY | FINANCE | BUSINESS<br />
Peace<br />
and<br />
unity<br />
As chief financial<br />
officer at UNESCO<br />
Nutan Wozencroft<br />
helps to promote<br />
world accord while<br />
balancing the books<br />
ACTIVIST INVESTING BRONWEN MADDOX ACCOUNTANCY RICH LIST GEORGE MAGNUS<br />
<br />
<br />
THE NEW MINI<br />
cooper d<br />
5-door hatch.<br />
FROM £169 A MONTH. (PLUS DEPOSIT)*.<br />
Official fuel economy figures for the new MINI Cooper D 5-Door Hatch: Urban 64.2mpg (4.4l/100km).<br />
Extra Urban 88.3mpg (3.2l/100km). Combined 78.5mpg (3.6l/100km). CO2 emissions 95g/km.<br />
Figures may vary depending on driving style and conditions.<br />
Joining the MINI line-up is the new MINI 5-door Hatch, delivering the same<br />
distinctive styling and go-kart handling as the current MINI Hatch but with the<br />
benefit of<a title="Economia SEPTEMBER 14 page 1" href="http://viewer.zmags.com/publication/bc8ab76f?page=1"> INTELLIGENCE AND INSIGHT SEPTEMBER 2014</a>
<a title="Economia SEPTEMBER 14 page 2" href="http://viewer.zmags.com/publication/bc8ab76f?page=2"> </a>
<a title="Economia SEPTEMBER 14 page 3" href="http://viewer.zmags.com/publication/bc8ab76f?page=3"> </a>
<a title="Economia SEPTEMBER 14 page 4" href="http://viewer.zmags.com/publication/bc8ab76f?page=4"> THE NEW MINI cooper d 5-door hatch. FROM £169 A M</a>
<a title="Economia SEPTEMBER 14 page 5" href="http://viewer.zmags.com/publication/bc8ab76f?page=5"> Joining the MINI line-up is the new MINI 5-door H</a>
<a title="Economia SEPTEMBER 14 page 6" href="http://viewer.zmags.com/publication/bc8ab76f?page=6"> </a>
<a title="Economia SEPTEMBER 14 page 7" href="http://viewer.zmags.com/publication/bc8ab76f?page=7"> The role of audit has been in the spotlight in re</a>
<a title="Economia SEPTEMBER 14 page 8" href="http://viewer.zmags.com/publication/bc8ab76f?page=8"> ICAEW in this issue </a>
<a title="Economia SEPTEMBER 14 page 9" href="http://viewer.zmags.com/publication/bc8ab76f?page=9"> COVER: EMMANUEL FRADIN There is more technical i</a>
<a title="Economia SEPTEMBER 14 page 10" href="http://viewer.zmags.com/publication/bc8ab76f?page=10"> MEAN. </a>
<a title="Economia SEPTEMBER 14 page 11" href="http://viewer.zmags.com/publication/bc8ab76f?page=11"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (Cha</a>
<a title="Economia SEPTEMBER 14 page 12" href="http://viewer.zmags.com/publication/bc8ab76f?page=12"> In review THE INTERNATIONAL PICTURE 0.15% ECB int</a>
<a title="Economia SEPTEMBER 14 page 13" href="http://viewer.zmags.com/publication/bc8ab76f?page=13"> THE AUDIT The Boris effect? 34% </a>
<a title="Economia SEPTEMBER 14 page 14" href="http://viewer.zmags.com/publication/bc8ab76f?page=14"> THE AUDIT UK CAR MAKE</a>
<a title="Economia SEPTEMBER 14 page 15" href="http://viewer.zmags.com/publication/bc8ab76f?page=15"> </a>
<a title="Economia SEPTEMBER 14 page 16" href="http://viewer.zmags.com/publication/bc8ab76f?page=16"> THE AUDIT As I see it Mark Hesketh, finance dire</a>
<a title="Economia SEPTEMBER 14 page 17" href="http://viewer.zmags.com/publication/bc8ab76f?page=17"> SCALABLE Unlike other forms of finance, Asset Bas</a>
<a title="Economia SEPTEMBER 14 page 18" href="http://viewer.zmags.com/publication/bc8ab76f?page=18"> THE AUDIT From the top A </a>
<a title="Economia SEPTEMBER 14 page 19" href="http://viewer.zmags.com/publication/bc8ab76f?page=19"> EVERYTHING ON BLACK CIVIC BLACK SPECIAL EDITION </a>
<a title="Economia SEPTEMBER 14 page 20" href="http://viewer.zmags.com/publication/bc8ab76f?page=20"> Beautiful accounting software </a>
<a title="Economia SEPTEMBER 14 page 21" href="http://viewer.zmags.com/publication/bc8ab76f?page=21"> THE AUDIT THE JERSEY GIRLS A team from Jersey Co</a>
<a title="Economia SEPTEMBER 14 page 22" href="http://viewer.zmags.com/publication/bc8ab76f?page=22"> 22 </a>
<a title="Economia SEPTEMBER 14 page 23" href="http://viewer.zmags.com/publication/bc8ab76f?page=23"> THE AUDIT I will never forget my firs</a>
<a title="Economia SEPTEMBER 14 page 24" href="http://viewer.zmags.com/publication/bc8ab76f?page=24"> THE AUDIT The graph $200m £120m In o</a>
<a title="Economia SEPTEMBER 14 page 25" href="http://viewer.zmags.com/publication/bc8ab76f?page=25"> </a>
<a title="Economia SEPTEMBER 14 page 26" href="http://viewer.zmags.com/publication/bc8ab76f?page=26"> Michael Izza “One third of financial investments</a>
<a title="Economia SEPTEMBER 14 page 27" href="http://viewer.zmags.com/publication/bc8ab76f?page=27"> OPINION twitter.com/economiamag · face</a>
<a title="Economia SEPTEMBER 14 page 28" href="http://viewer.zmags.com/publication/bc8ab76f?page=28"> Bronwen Maddox “The risk is that the economic im</a>
<a title="Economia SEPTEMBER 14 page 29" href="http://viewer.zmags.com/publication/bc8ab76f?page=29"> OPINION George Magnus “While record numbers</a>
<a title="Economia SEPTEMBER 14 page 30" href="http://viewer.zmags.com/publication/bc8ab76f?page=30"> 30 </a>
<a title="Economia SEPTEMBER 14 page 31" href="http://viewer.zmags.com/publication/bc8ab76f?page=31"> COVER STORY NUTAN WOZENCROFT Making an impact T</a>
<a title="Economia SEPTEMBER 14 page 32" href="http://viewer.zmags.com/publication/bc8ab76f?page=32"> was partnership accountant reporting to the FD an</a>
<a title="Economia SEPTEMBER 14 page 33" href="http://viewer.zmags.com/publication/bc8ab76f?page=33"> promoting education to bring down barriers and to</a>
<a title="Economia SEPTEMBER 14 page 34" href="http://viewer.zmags.com/publication/bc8ab76f?page=34"> Is it right for investors to take the lead in the</a>
<a title="Economia SEPTEMBER 14 page 35" href="http://viewer.zmags.com/publication/bc8ab76f?page=35"> A ctivists were once among the </a>
<a title="Economia SEPTEMBER 14 page 36" href="http://viewer.zmags.com/publication/bc8ab76f?page=36"> academic research. “The traditional critique of a</a>
<a title="Economia SEPTEMBER 14 page 37" href="http://viewer.zmags.com/publication/bc8ab76f?page=37"> </a>
<a title="Economia SEPTEMBER 14 page 38" href="http://viewer.zmags.com/publication/bc8ab76f?page=38"> “Will mandatory rotation negatively affect audit </a>
<a title="Economia SEPTEMBER 14 page 39" href="http://viewer.zmags.com/publication/bc8ab76f?page=39"> DEBATE YES Steve Barber </a>
<a title="Economia SEPTEMBER 14 page 40" href="http://viewer.zmags.com/publication/bc8ab76f?page=40"> “I didn't realise Baird has completed M&A deals </a>
<a title="Economia SEPTEMBER 14 page 41" href="http://viewer.zmags.com/publication/bc8ab76f?page=41"> ECONOMIA ACCOUNTANCY RICH LIST THE ACCOUNTANCY R</a>
<a title="Economia SEPTEMBER 14 page 42" href="http://viewer.zmags.com/publication/bc8ab76f?page=42"> </a>
<a title="Economia SEPTEMBER 14 page 43" href="http://viewer.zmags.com/publication/bc8ab76f?page=43"> ECONOMIA RICH LIST me build this business</a>
<a title="Economia SEPTEMBER 14 page 44" href="http://viewer.zmags.com/publication/bc8ab76f?page=44"> ECONOMIA RICH LIST </a>
<a title="Economia SEPTEMBER 14 page 45" href="http://viewer.zmags.com/publication/bc8ab76f?page=45"> As the UK economy strengthens, asset finance offer</a>
<a title="Economia SEPTEMBER 14 page 46" href="http://viewer.zmags.com/publication/bc8ab76f?page=46"> ECONOMIA RICH LIST “Ev</a>
<a title="Economia SEPTEMBER 14 page 47" href="http://viewer.zmags.com/publication/bc8ab76f?page=47"> news and views. economia online has all the news </a>
<a title="Economia SEPTEMBER 14 page 48" href="http://viewer.zmags.com/publication/bc8ab76f?page=48"> ACCELERATING ENVIRONMENTAL PERFORMANCE As busines</a>
<a title="Economia SEPTEMBER 14 page 49" href="http://viewer.zmags.com/publication/bc8ab76f?page=49"> SPONSORED FEATURE the UK's en</a>
<a title="Economia SEPTEMBER 14 page 50" href="http://viewer.zmags.com/publication/bc8ab76f?page=50"> A helping hand Time, experience, skills and pure </a>
<a title="Economia SEPTEMBER 14 page 51" href="http://viewer.zmags.com/publication/bc8ab76f?page=51"> strong that it is time to move beyond CSR as a `n</a>
<a title="Economia SEPTEMBER 14 page 52" href="http://viewer.zmags.com/publication/bc8ab76f?page=52"> CORPORATE PHILANTHROPY years, the firm's Char</a>
<a title="Economia SEPTEMBER 14 page 53" href="http://viewer.zmags.com/publication/bc8ab76f?page=53"> Up to 33% off Heading off soon? Or planning ano</a>
<a title="Economia SEPTEMBER 14 page 54" href="http://viewer.zmags.com/publication/bc8ab76f?page=54"> Shaping change How will the role and perception </a>
<a title="Economia SEPTEMBER 14 page 55" href="http://viewer.zmags.com/publication/bc8ab76f?page=55"> “If you don't have a network or an alliance or so</a>
<a title="Economia SEPTEMBER 14 page 56" href="http://viewer.zmags.com/publication/bc8ab76f?page=56"> Back on track? Britain's railways are apparently </a>
<a title="Economia SEPTEMBER 14 page 57" href="http://viewer.zmags.com/publication/bc8ab76f?page=57"> Under construction: Northern hub project, designe</a>
<a title="Economia SEPTEMBER 14 page 58" href="http://viewer.zmags.com/publication/bc8ab76f?page=58"> once HS2 is completed “it will start to realign t</a>
<a title="Economia SEPTEMBER 14 page 59" href="http://viewer.zmags.com/publication/bc8ab76f?page=59"> government consultation underway on the future of</a>
<a title="Economia SEPTEMBER 14 page 60" href="http://viewer.zmags.com/publication/bc8ab76f?page=60"> A LEAGUE OF THEIR OWN The National Football Leagu</a>
<a title="Economia SEPTEMBER 14 page 61" href="http://viewer.zmags.com/publication/bc8ab76f?page=61"> SPORT COMPETITION E very spring, the eyes of spo</a>
<a title="Economia SEPTEMBER 14 page 62" href="http://viewer.zmags.com/publication/bc8ab76f?page=62"> was the best deal any sport has conducted, and th</a>
<a title="Economia SEPTEMBER 14 page 63" href="http://viewer.zmags.com/publication/bc8ab76f?page=63"> STAY AHEAD OF THE LINE Tolley®Exam Training Advan</a>
<a title="Economia SEPTEMBER 14 page 64" href="http://viewer.zmags.com/publication/bc8ab76f?page=64"> Scudamore's room for manoeuvre is significantly l</a>
<a title="Economia SEPTEMBER 14 page 65" href="http://viewer.zmags.com/publication/bc8ab76f?page=65"> </a>
<a title="Economia SEPTEMBER 14 page 66" href="http://viewer.zmags.com/publication/bc8ab76f?page=66"> GOING WITH THE FLOW 24 GEOFF COOK</a>
<a title="Economia SEPTEMBER 14 page 67" href="http://viewer.zmags.com/publication/bc8ab76f?page=67"> THE ECONOMIA ESSAY a misleading</a>
<a title="Economia SEPTEMBER 14 page 68" href="http://viewer.zmags.com/publication/bc8ab76f?page=68"> Not half bad From an accountant to a bestselling </a>
<a title="Economia SEPTEMBER 14 page 69" href="http://viewer.zmags.com/publication/bc8ab76f?page=69"> MEMBER PROFILE SALLY GREEN </a>
<a title="Economia SEPTEMBER 14 page 70" href="http://viewer.zmags.com/publication/bc8ab76f?page=70"> Intuit QuickBooks. Your key to better accounting </a>
<a title="Economia SEPTEMBER 14 page 71" href="http://viewer.zmags.com/publication/bc8ab76f?page=71"> Technical The top five Changes to key financial </a>
<a title="Economia SEPTEMBER 14 page 72" href="http://viewer.zmags.com/publication/bc8ab76f?page=72"> Key developments CORPORATE GOVERNANCE ICAE</a>
<a title="Economia SEPTEMBER 14 page 73" href="http://viewer.zmags.com/publication/bc8ab76f?page=73"> TECHNICAL UPDATES – not least tha</a>
<a title="Economia SEPTEMBER 14 page 74" href="http://viewer.zmags.com/publication/bc8ab76f?page=74"> Taking it on the chin As Car</a>
<a title="Economia SEPTEMBER 14 page 75" href="http://viewer.zmags.com/publication/bc8ab76f?page=75"> TECHNICAL IMPAIRMENT basis for the p</a>
<a title="Economia SEPTEMBER 14 page 76" href="http://viewer.zmags.com/publication/bc8ab76f?page=76"> More insight, more personality New corporate rep</a>
<a title="Economia SEPTEMBER 14 page 77" href="http://viewer.zmags.com/publication/bc8ab76f?page=77"> TECHNICAL STRATEGIC REPORT ILLUSTRATION: ARON VE</a>
<a title="Economia SEPTEMBER 14 page 78" href="http://viewer.zmags.com/publication/bc8ab76f?page=78"> In your defence Cyber security breaches don't </a>
<a title="Economia SEPTEMBER 14 page 79" href="http://viewer.zmags.com/publication/bc8ab76f?page=79"> TECHNICAL CYBER SECURITY managing pa</a>
<a title="Economia SEPTEMBER 14 page 80" href="http://viewer.zmags.com/publication/bc8ab76f?page=80"> Elsby & Co: A design for life Rewarding client l</a>
<a title="Economia SEPTEMBER 14 page 81" href="http://viewer.zmags.com/publication/bc8ab76f?page=81"> TECHNICAL PRACTICE PROFILE ILLUSTRATION: ARON VE</a>
<a title="Economia SEPTEMBER 14 page 82" href="http://viewer.zmags.com/publication/bc8ab76f?page=82"> Expulsion for major theft, and a reprimand for P1</a>
<a title="Economia SEPTEMBER 14 page 83" href="http://viewer.zmags.com/publication/bc8ab76f?page=83"> TECHNICAL DISCIPLINARIES Report listings Th</a>
<a title="Economia SEPTEMBER 14 page 84" href="http://viewer.zmags.com/publication/bc8ab76f?page=84"> Life Savile Row Savile Row </a>
<a title="Economia SEPTEMBER 14 page 85" href="http://viewer.zmags.com/publication/bc8ab76f?page=85"> economia SEPTEMBER 2014 </a>
<a title="Economia SEPTEMBER 14 page 86" href="http://viewer.zmags.com/publication/bc8ab76f?page=86"> “To be frank, things went downhill when bankers a</a>
<a title="Economia SEPTEMBER 14 page 87" href="http://viewer.zmags.com/publication/bc8ab76f?page=87"> “Savile Row used to be an enclave of good taste i</a>
<a title="Economia SEPTEMBER 14 page 88" href="http://viewer.zmags.com/publication/bc8ab76f?page=88"> “Women want instant purchases. They want to buy i</a>
<a title="Economia SEPTEMBER 14 page 89" href="http://viewer.zmags.com/publication/bc8ab76f?page=89"> suits. “Some tailors didn't even have websites wh</a>
<a title="Economia SEPTEMBER 14 page 90" href="http://viewer.zmags.com/publication/bc8ab76f?page=90"> Six of the best Laura Powell picks out the seas</a>
<a title="Economia SEPTEMBER 14 page 91" href="http://viewer.zmags.com/publication/bc8ab76f?page=91"> LIFE FOOD Restaurants Neil Davey lets out his w</a>
<a title="Economia SEPTEMBER 14 page 92" href="http://viewer.zmags.com/publication/bc8ab76f?page=92"> Tailored to fit do – sparkpeople.com and preventi</a>
<a title="Economia SEPTEMBER 14 page 93" href="http://viewer.zmags.com/publication/bc8ab76f?page=93"> SPONSORED FEATURE GLOBAL PERSPECTIVE BDO </a>
<a title="Economia SEPTEMBER 14 page 94" href="http://viewer.zmags.com/publication/bc8ab76f?page=94"> RECRUITMENT E7<<3@A( </a>
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<a title="Economia SEPTEMBER 14 page 96" href="http://viewer.zmags.com/publication/bc8ab76f?page=96"> RECRUITMENT icaewjobs@icaew.com Look the o beyon</a>
<a title="Economia SEPTEMBER 14 page 97" href="http://viewer.zmags.com/publication/bc8ab76f?page=97"> DIRECTORYLUCINDA RICHARDSON lucinda.richardson@pr</a>
<a title="Economia SEPTEMBER 14 page 98" href="http://viewer.zmags.com/publication/bc8ab76f?page=98"> LIFE AFTER WORK </a>
<a title="Economia SEPTEMBER 14 page 99" href="http://viewer.zmags.com/publication/bc8ab76f?page=99"> Special Interest Groups – access your sector Sw</a>
<a title="Economia SEPTEMBER 14 page 100" href="http://viewer.zmags.com/publication/bc8ab76f?page=100"> GHIBLI THE HEAD SAYS YES. THE HEART SAYS DEFIN</a>