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CA magazine: December 2021/January 2022

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By Sarah Speirs, ICAS Executive Director of Member Engagement and Communica

1 December 2021

Main points:

  • In this issue, we hear from Baroness Lane Fox on why digitalisation needs to be accessible and equal, while Lord Michael Hastings tells us about the importance of corporate citizenship and why more needs to be done by businesses.
  • ICAS President, Bruce Pritchard CA shares why accountants are essential to find solutions for the questions on the future of business.
  • IoD Chief Economist Kitty Ussher explains how to balance the books and the role CAs can play in supporting economic recovery, while Oxford Biomedica's Senior Director Finance Lisa Tomkins CA talks to us about the experience of supplying AstraZeneca during the vaccine rollout.
  • We hear from Merlin Entertainment Japan's Head of Finance, Robert Galbraith CA, on how the theme-park giant survived pandemic lockdowns.
  • We also talk with three retail-based CAs about whether there will be empty shelves this Christmas, while four tax experts look to the future of taxation in the UK.

Moving forward into 2022, at ICAS we have cautious optimism. In this edition of CA magazine, we look to the future of tax and of the economy, and reflect on the challenges and opportunities of growing digitalisation. We also consider the lessons learned from the pandemic for CAs working in unprecedented circumstances at home and abroad.

Read December/January's CA magazine now

The year is ending in a better place than where it began. The vast majority of the UK population is vaccinated, which has enabled the return of many sectors that were previously shuttered – and the beginnings of experimenting with hybrid living and working. Going forward, we will all have one foot in the “real” world and one in the digital. That’s why Mark Zuckerberg is investing billions in the metaverse – a digital environment where just about anything can be conducted.

For all the technological advancements and growing reasons for optimism, there is no forgetting that the last two years have thrown many curveballs at us. ICAS is here to support members through ongoing uncertainty. And that means continually evaluating the services and resources that we offer. It’s not just about enabling CAs to demonstrate technical skills at the highest standard – but also delivering the insight that contextualises those skills. Our members are in firms of all sectors and sizes, possessing considerable business influence. And ICAS has a responsibility to help create a community of well-rounded professionals who can approach both the details and the big picture with confidence.

In practice, this means that you’ll see a renewed focus on six key themes across CA magazine and ICAS in 2022. We will be building on existing work, seeking to lead the conversation on trust and ethics; technology and AI; equality, diversity and inclusion; mental fitness; professional development and leadership; and sustainability. These are significant, fast-moving areas that influence the work of CAs. Our goal is to continue to demystify them – breaking through the noise and pulling out the key learnings that help businesses and careers grow.

We hope this focus on creating resources that support members is best demonstrated by ICAS winning two Membership Excellence Awards at September’s memcom ceremony. The inaugural CA Summit conference, held in 2020, won Best Educational Event and Best Use of Data and Insight. And it’s the magic blend of commentary, leadership and interactivity offered by CA Summit that will inform our services going forward.

I hope you enjoy this edition of CA magazine and we look forward to sharing more throughout 2022.

Read December/January's CA magazine now

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