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INTELLIGENCE AND INSIGHT
JANUARY 2016 | ICAEW.COM/ECONOMIA ISSUE 45 | ACCOUNTANCY | FINANCE | BUSINESS
GUY RIGBY SMITH & WILLIAMSON · AMANDA CLACK EY · SEAN
GLITHERO AUTO TRADER · CHARLES BOWMAN CITY OF LONDON
AND PWC · PROFESSOR RAY BALL CHICAGO UNIVERSITY ·
JULIAN FAGGE SMITHS · JON LISBY KRESTON · PROFESSOR
CRAIG CALHOUN LONDON SCHOOL OF ECONOMICS & POLITICAL
SCIENCE · SIMON DINGEMANS GSK AND THE 100 GROUP · PAUL
JOHNSON INSTITUTE FOR FISCAL STUDIES · DANIEL DABOCZY
FUNDEDBYME · ALEX OKOSI VIMN AFRICA · JANET YELLEN US
GLOBAL FINANCE 50 FEDERAL RESERVE · ROWAN GORMLEY
MAJESTIC · MARK CARNEY BANK OF ENGLAND · JO BERTRAM
UBER · DARREN BRAHAM FIRST UTILITY · SACHA ROMANOVITCH
CELEBRATING THE INFLUENCERS GRANT THORNTON · ANGUS
DEATON SHAPING THE WORLD PRINCETON · WENDY PARRY
ON THE OF BUSINESS AND FINANCE BEACH · MIKE KELLY KP
INTELLIGENCE AND INSIGHT JANUARY 2016 |
CONFIDENCE COMES FROM WITHIN. THE ALL
January is always the busiest month for accountan
ICAEW in this issue 6
41 GETTY IMAGES There is more technical insight
EDITORIAL ADVISORY BOARD Arthur Bailey FCA (ch
Your right-hand man. FORD KU
In review The most talked about accountancy, fina
THE AUDIT 26.1% 19.6% Women on boards Men on bo
THE AUDIT MARK ZUCKERBERG &
THE AUDIT The graph The power of Millennials, th
“When making international paymen
THE AUDIT The big read Why does Paul Walla
“I didn't realise Baird has raised and managed
THE AUDIT As I see it Jonathon Cornaby is CFO at
18
THE AUDIT J oining PwC after leaving
CREATE VALUE FOR YOURSELF AND YOUR ENTERPRISE—STA
THE AUDIT A MORE DYNAMIC WALES A non-political b
THE AUDIT From the top I n the spe
Aon Hewitt Expert fiduciary solutions DESI
Michael Izza “Our interaction with government an
OPINION twitter.com/economiamag · face
OPINION George Eaton “Though the headline i
How else do you measure excellence? On the stage,
OPINION Sony Kapoor “For every rich, ageing
UP TO 50% OFF USE OFFER CODE MA EC01
OPINION David Adams “We may be numerate,
International GAAP® 2016 The global perspective
HOW TO AVOID HAVING TO PLAY YOUR GET OUT OF JAIL
H MRC can come calling in
Is the UK experiencing a housing bubble?
DEBATE YES Dominic Frisby
Home from home New technology and changing workin
develop in the future as the various forces conti
not change, how the space is used will be radical
OFFICE OF THE FUTURE THE ONLY WAY IS ESSEX Pr
We don't create the talent of the future But we k
GLOBAL FINANCE 50 GUY RIGBY SMITH & WILLIAMSON ·
W JEAN STEPHENS, CEO, RSM Joining in 2006 as the
JULIAN FAGGE, GROUP FINANCIAL OFFICER, SMITHS Aft
economia GOLD FOR... CEO OF THE YEAR
SACHA ROMANOVITCH, CEO, GRANT THORNTON She has lo
NICHOLAS CADBURY, GROUP FD, WHITBREAD Nicholas Ca
DES DEARLOVE AND STUART CRAINER, FOUNDERS, THINKE
economia GOLD FOR… BREAKTHROUGH BUSINESS OF THE Y
JONATHAN HILL, COMMISSIONER, FINANCIAL STABILITY,
A DAY IN THE LIFE Saturday Sunday
WHY I CHOSE CONSERVATION My first memory was at 1
spend a good eight hours a day with them. Cherry
DAY IN THE LIFE THE HABITS OF AN ACC
... BR T SH MENSWEAR S BEST KEPT SECRET HANDMADE
The government proposes to get the UK working for
the “top-up” option now being offered to local go
education to raising our productivity, but they m
UK's preference for the patent box relief to be p
A HURDLE TO INVESTMENT Peter Bartram investigate
INTEREST RATES will undertake investm
INTEREST RATES market
news and views. economia online has all the news
INTEREST RATES “Where th
POWERFUL FOR YOU SIMPLE FOR YOUR CLIENTS $ZDUGZLQ
THE CORPORATE CROWD 37 Despite its r
THE ECONOMIA ESSAY
Second helping Ian Smith is in charge of taking t
MEMBER PROFILE IAN SMITH PHOTOGRAPHY: MARTIN HUN
Getting personal Changes to the EU data protec
TECHNICAL DATA PROTECTION ILLUSTRATION: MARIA CO
Badge collecting A new licensed practitioner s
TECHNICAL PRACTITIONER ACCREDITATION
Embracing tomorrow The disruption caused by te
TECHNICAL GROWING YOUR PRACTICE your
Perrys: Team building For three decades, Perry
TECHNICAL PRACTICE PROFILE LESSONS LEARNE
78 AUDIT AND ASSURANCE ICAEW RESPONDS TO FRC AND
Authority's (FCA) recent tightening up of the cli
bring the framework into line with the new thinki
TECHNICAL UPDATES aggressi
TECHNICAL DISCIPLINARIES Disciplinary listin
SUSPICIOUS MINDS The Serious and Organised Crime
www.pwc.de/karriere The oppor
Life reviews/food/people GALLERYSTOCK this mont
Life business travel
Travel highlights Where our contributors love to
One place “If you're offered a business
Christopher “Dynamic, multicultural and ric
Life in review TRAVEL The Icehotel opened for t
Seeing things Samsung's virtual reality headset w
SPONSORED FEATURE DIFFERENT EVERY DAY
RECRUITMENT icaewjobs@icaew.com
To celebrate a record-breaking year at
DIRECTORY OUTSOURCING ng Axon Outsourci Į s
LOUISE SMALE louise.smale@progressivecp.com +44 (
Life after work
Following requests from our contacts in practice,
SPECIALLY NEGOTIATED RATES FOR ICAEW MEMBERS