Accountancy Insights

We’ll have a new PM soon, while the war in the Middle East rages on. Does this mean more uncertainty for businesses in the second half of 2026? ICAEW’s Chief Economist tries to predict what might happen next. 

If that wasn’t enough, there’s a lot going on in tax at the moment, from MTD Income Tax to new agent registration rules and more tax changes than expected mid-year. Lindsey Wicks explains all the changes. 

Finally, we get an insight from Junaidy Ab-Mutalib about the profession in Malaysia. What are the unique opportunities and challenges for the profession in the region?
Links
ICAEW: Suren Thiru on how US-Iran peace deal could influence UK’s economic outlook - https://www.icaew.com/insights/viewpoints-on-the-news/2026/jun-2026/suren-thiru-on-how-us-iran-peace-deal-could-influence-uk-economy
ICAEW: Significant changes announced at Tax Update 2026 - https://www.icaew.com/insights/tax-news/2026/jun-2026/significant-changes-announced-at-tax-update-2026
ICAEW: HMRC sets timetable for agent multi factor authentication rollout - https://www.icaew.com/insights/tax-news/2026/jun-2026/hmrc-sets-timetable-for-agent-multi-factor-authentication-rollout
ICAEW: HMRC publishes detailed guidance on mandatory tax adviser registration - https://www.icaew.com/insights/tax-news/2026/jun-2026/hmrc-publishes-detailed-guidance-on-mandatory-tax-adviser-registration
ICAEW: MTD income tax and claims for averaging relief - https://www.icaew.com/insights/tax-news/2026/jun-2026/mtd-income-tax-and-claims-for-averaging-relief
ICAEW: CPD record - https://www.icaew.com/membership/cpd/online-cpd-record 
Host
Philippa Lamb

Guests
Suren Thiru, Chief Economist, ICAEW
Lindsey Wicks, Senior Tax Technical Manager, ICAEW
Junaidy Ab-Mutalib, Managing Partner, JM & Co

Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 1 July
Podcast recorded: 26 June

Last year CEO pay rose 20 times faster than workers’ pay, according to new research from Oxfam and the International Trade Union Confederation. At the most extreme end of that pay scale, investors approved an executive package for Elon Musk worth a potential $1tn.

So when does CEO pay become too high?  What are the commercial, ethical and cultural implications for organisations if they’re perceived to be over-paying their CEOs?  And as businesses compete globally for the best executive talent what can Boards do to keep pay packages in check?

Links
Top CEO pay statistics from Oxfam - https://www.oxfam.org/en/press-releases/top-ceo-pay-increased-20-times-faster-workers-pay-2025
ICAEW: Remuneration Committee ebooks - https://www.icaew.com/technical/corporate-governance/committees/remuneration-committees/remuneration-committee-ebooks
ICAEW: Guidance on remuneration - https://www.icaew.com/technical/corporate-governance/committees/remuneration-committees
ICAEW: How a CEOs pay package influences corporate culture - https://www.icaew.com/insights/viewpoints-on-the-news/2025/apr-2025/how-a-ceos-pay-package-influences-corporate-culture
ICAEW CPD record - https://www.icaew.com/membership/cpd/online-cpd-record
Host
Philippa Lamb

Guests
Shefaly Yogendra, independent Board director, board adviser and author
Peter van Veen, Governance and Ethics Director, ICAEW

Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 17 June
Podcast recorded: 11 May

The government has plans to tokenise financial markets. What exactly is tokenisation? What might it look like in practice and what are the big questions about it that still need answering? Polly Tsang, ICAEW’s Senior Financial Services Regulatory Manager, explains.

After that, audit reports: ICAEW has created the Auditor Reporting Lab, alongside audit firms, to encourage modernisation in the market. KPMG Partner in Professional Practice, Accounting & Reporting, Pamela Taylor, has been thinking hard about how to make them more useful and more user-friendly.

This podcast counts towards your annual CPD – click the link below to log your time.

Links
ICAEW: What is tokenisation, and what are the challenges for accountants? - https://www.icaew.com/insights/viewpoints-on-the-news/2026/may-2026/what-is-tokenisation-and-the-challenges-for-accountants
Government tokenisation announcement - https://www.gov.uk/government/news/uk-fintech-backed-to-embrace-future-payments-technology
FCA call for input on the future of tokenisation - https://www.fca.org.uk/publications/calls-input/future-tokenisation-joint-vision-authorities-uk-wholesale-markets
ICAEW: Digital Assets Conference - https://www.icaew.com/learning-and-development/events/digital-assets-conference
ICAEW: Auditor Reporting Lab - https://www.icaew.com/policy-and-research/thought-leadership/audit-and-assurance-thought-leadership/auditor-reporting-lab
ICAEW: Rethinking the auditor’s report - https://www.icaew.com/policy-and-research/thought-leadership/audit-and-assurance-thought-leadership/auditor-reporting-lab/rethinking-the-auditors-report
ICAEW: Audit and Assurance Conference - https://www.icaew.com/learning-and-development/events/audit-and-assurance-conference
ICAEW podcasts - https://www.icaew.com/insights/podcast

Host
Philippa Lamb

Guests
Polly Tsang, Senior Financial Services Regulatory Manager
Pamela Taylor, Partner in Professional Practice, Accounting & Reporting, KPMG

Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 3 June 2026
Podcast recorded: 19 May 2026

Fraud is the largest reported crime in England and Wales, and the UK government wants to bring numbers down. With failure to prevent fraud now an offence, there is some onus on business to address the issue. But are enough businesses taking it seriously?

In this episode, we take a look at the common types of fraud, what businesses should be vigilant of, and how can they protect themselves?

Links
UK government fraud strategy - https://www.gov.uk/government/publications/fraud-strategy-2026-to-2029
UK fraud statistics - https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/articles/natureoffraudandcomputermisuseinenglandandwales/yearendingmarch2025
ICAEW: Fraud helpsheets - https://www.icaew.com/technical/tas-helpsheets/fraud
ICAEW: What the government’s new fraud strategies mean for business - https://www.icaew.com/insights/viewpoints-on-the-news/2026/apr-2026/what-the-governments-new-fraud-strategies-mean-for-business
ICAEW: podcasts - https://www.icaew.com/insights/podcast

Host
Guy Ruddle

Guests
Tristan Yelland, Partner, Forensic and Investigations, Grant Thornton
Will Christopher, Partner, Kinsgsley Napley
Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 20 May 2026
Podcast recorded: 20 April 2026

Everyone’s talking about energy costs at the moment. Greenfields Energy Group’s co-founder LIAM CONWAY walks us through the energy impacts of the Iran War and outlines the best ways for businesses to protect themselves from global energy shocks.   

Elsewhere on the episode, we discuss new guidance from the Financial Reporting Council on managing the risks for auditors when it comes to AI adoption; and a quick update on UKGAAP: the challenges that the changes pose for smaller entities

Links
How higher oil prices will change Britain -https://www.thetimes.com/article/f754197a-859b-460b-8ad0-1e36fc878ff1
FRC – AI in Audit: Generative and Agentic AI guidance -https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/guidance/ai-in-audit/
ICAEW UK GAAP hub - https://www.icaew.com/technical/corporate-reporting/uk-gaap/changes-to-uk-gaap
ICAEW: Changes to UK GAAP Conference - https://www.icaew.com/learning-and-development/events/corporate-reporting-conference
ICAEW podcasts - https://www.icaew.com/insights/podcast

Host
Philippa Lamb

Guests
Liam Conway, Co-Founder, Greenfield Energy Group
Ian Pay, Head of Data Analytics, ICAEW
Fahad Asgar, Technical Manager, Corporate Reporting, ICAEW 

Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 6 May
Podcast recorded: 29 April