The week in two minutes: 15 January 2016

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By Michael McGlinchey, CA Today

14 January 2016

A round-up of the top content you may have missed this week from CA Today.

Major changes in lease accounting standards

The release of new international accounting standard IFRS 16 Leases will see major changes to corporate balance sheets. Drafted by the IASB, the new standard is aimed at increasing transparency and providing a more realistic view of the economic impact of leasing contracts.

[CA Today]

HMRC CEO Lin Homer to step down

HM Revenue and Customs has announced that Lin Homer will be stepping down from her role as CEO in April. Ms Homer was recently made a Dame in the New Year’s Honours List and joined HMRC in 2012. ICAS CEO Anton Colella praised her efforts to modernise the service in difficult circumstances.

[CA Today]

Lord Smith CA new chair of Alliance Trust

Alliance Trust announced the appointment of Lord Smith of Kelvin CA as its new chair. Lord Smith - who is also chair of the Green Investment Bank, Forth Ports and IMI - is expected to take up his new role on 1 February.

[CA Today]

Business tech at CES 2016

Kyle McHatton reviewed the latest developments in business tech at the CES technology conference in Las Vegas. Highlights included Microsoft’s plans to create the mobile office, a real-time language translator and the latest in tiny projectors.

[CA Today]

Examining HMRC’s plans to verify identity

In the first of two articles, Donald Drysdale examined HMRC’s plans to verify identity as part of its programme of digital transformation. Eventually every individual wishing to interact with the government online will need to use the new GOV.UK Verify process.

[CA Today]

First report on taxation code of practice for banks published

Susan Cattell outlined positive changes in HMRC’s first report on the Code of Practice on Taxation for Banks. This was first introduced in 2009 as a means of changing the attitudes and behaviours of banks in relation to tax avoidance.

[CA Today]

Recruiters’ soft skills call to CAs

The employment market is changing and recruiters say CAs need to focus on EQ – emotional intelligence – alongside IQ if they want to get that new job. We highlight some of the resources ICAS has made available to help you develop your skills.

[CA Today]

Employers ‘confused’ about auto-enrolment

The Federation of Small Businesses released details of a survey which suggested that almost half of UK employers are confused about workforce pension auto-enrolment. However, Lesley Titcomb, CEO of The Pensions Regulator, said the scheme was proving a success and employers must act to ensure compliance.

[CA Today]

Pay rise target for UK employees

More than half of UK employees will seek a pay rise in 2016, according to research by recruiter Robert Half. Its international survey found UK employees were also more likely to seek a new job if their request was turned down.

[CA Today]

Finance professionals ‘lacking analytics skills’

Finance professionals are lagging behind others in exploiting the benefits of analytics technology. We report on new research from Advanced Business Solutions which suggests that finance professionals are behind the curve on analytics.

[CA Today]


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