Inside ICAS: Top talking points from November 2022
Your Office Bearer team review their top talking points from November, focusing on mental fitness, the importance of allyship and giving back to charity.
ICAS President Indy Singh Hothi CA joins Deputy President Clive Bellingham CA and Vice President Alison Cornwell CA to highlight some of the key ICAS initiatives and activities discussed during November.
Indy’s top talking point
It’s no longer just about profit, but ensuring a business does right by the planet, environment, customers and people.
Indy Singh Hothi CA, ICAS President
“Throughout November, our Finance+ theme focused on mental fitness. In my most recent column in CA magazine, I spoke about mental agility - how we approach obstacles – is our most important asset. Change in this regard must be real, permanent and come from the top down. Leaders need to lead by example and implement action.
“The responsibility is upon leaders of organisations of all sizes to support individuals to thrive in workplaces that place equal value on people's health as they do on their bottom line. Sharing one’s own stories and experiences can foster productive conversation that helps counter stigmas around mental fitness. We must create cultures that sustain the current members of the profession and offer a work-life balance that can attract future generations into our ranks. It's no longer just about profit but ensuring a business does right by the planet, environment, customers and people.
“We're entering a period of economic uncertainty. Our Members in practice will be helping their clients navigate very challenging times, which adds to more pressure for CAs. It's essential now more than ever that CAs maintain their mental dexterity, focus and resilience.”
For more resources on managing mental fitness, visit CA Wellbeing.
Clive’s top talking point
Change cascades from the top down, but collectively we need to support change by constructing constant conversation around inclusivity.
Clive Bellingham CA, ICAS Deputy President
“On 31 October, I panelled a special event recognising Black History Month – Action through allyship. No matter what our background, we all have a role to play in creating an inclusive profession. Allyship was a key theme for Black History Month, with the annual event calling on 'Time for Change: Action Not Words.'
“Panellists shared insights into their experiences on fostering diverse and inclusive workplace cultures and how business leaders can become champions of equality, diversity and inclusion. We spoke about how allyship needs to be a continuous effort, constantly brought up to everyone in the organisation. Change cascades from the top down, but collectively we need to support change by constructing constant conversation around inclusivity.”
Now is an opportunity to give something back by donating to two key charities we support.
Alison’s top talking point
Alison Cornwell CA, ICAS Vice President
“November kicked off the 2023 ICAS Annual Renewal for membership. The Annual Renewal gives ICAS Members the opportunity to give back by donating to two key charities that need support. If you haven’t done so already, I encourage you to give what you can during this renewal period and donate to ICAS Foundation and SCABA. The Foundation isn’t funded by ICAS itself and instead relies heavily on income from donations made to it by ICAS Members, particularly donations made during the Annual Renewal process.
“President Indy Singh Hothi CA attended an evening with the Grampian Area Network in November where I'm pleased they were able to talk about the fantastic work the ICAS Foundation does for social mobility and to raise funds on the evening to support its vital work.”
Find out more information on the work we do with charities on our professional resources webpages.
What else has got us talking
ICAS has published its anti-money laundering (AML) supervision report, which covers its activities as an AML supervisor from April 2021 to April 2022.
ICAS has responded to the Chancellor’s Autumn Statement and is calling for action in key areas, including simplification of Capital Gains Tax, visibility of spending and tax decisions, and a commitment to greater overall tax simplification.
The Taxation team considers the key technical factors arising ahead of the demise of the Capital Allowances super-deduction this Spring.
ICAS has released new guidance to explain how the provisions within the Code of Ethics apply to sustainability related matters. The first in a series of eight extracts from the guidance paper focuses on 'Sustainability and the ICAS Code of Ethics'. You can read all the extracts here.
That’s all for this month’s round-up. Join us again in a few weeks to find out what else has got us talking.