The latest research and opinion from ACCA’s Professional Insights. We explore the big issues impacting business, the accountancy profession and the evolving world of work. From technology to talent management, our subject matter experts and guests discuss good practice from across industries to help you stay ahead in business and your career.
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ACCA Insights Podcasts
The Chronicles of Outsourcing - Accounting, Taxation & Payroll by Initor Global UK is focused on case studies of Accounting firms' challenges and solutions. Initor Global UK Services was established in 2006 with the vision of being a platinum global Accounting company. We have a comprehensive range of “Support Accountants” services and Remote Staffing Solution Services which are utilized by reputed EA Firms, ACCA Firms, FCCA Firms and Bookkeeping Firms.
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Risk culture: AI, avatars and the war on fraud
19:47
19:47
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19:47David discusses the evolving threat of industrialised and personalised fraud, exacerbated by AI. He emphasises the urgent need for continuous learning and preparedness among accountants and professionals. He highlights the importance of data quality in AI models, the rise of deepfake scams, and the necessity of comprehensive risk assessments and in…
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Risk culture: Fraud thrives where culture fails
17:06
17:06
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17:06Ashu Sharma, a fraud expert, discusses the evolving nature of fraud, emphasizing the shift from opportunistic to systematic fraud, where entire organizations can be compromised. He highlights the importance of understanding and addressing the cultural aspects that enable fraud, such as incentive structures and fear of retaliation. Sharma criticizes…
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Risk culture: Reimagining true and fair accounting
11:00
11:00
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11:00We discuss how financial accounts can and should include more complete information about the often-hidden material risks, such as climate, cyber, and fraud – helping boards make better informed, forward-looking decisions.By ACCA Insights
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Vera Cherepanova discusses ethical leadership, from boardroom blind spots to the ethical implications of AI and investor short-termism, this conversation is a call to action for those who want governance to matter. She highlights the importance of boards fostering ethical reflection and embedding values into strategy, especially amidst ESG policy c…
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Ben discusses the current state of risk management, emphasizing its disconnection from organizational decision-making. He highlights the need for good decision-making, advocating for a shift from traditional risk management to a focus on decision quality. He introduces the concept of "benevolent subversion," a guide with 22 practical techniques to …
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Risk culture: Navigating trade wars through the character lens
23:02
23:02
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23:02This episode discusses the Ivy Business School's leader character framework, emphasising the importance of character in leadership and risk management and how elevating character to the same level as competence and commitment can ensure better decision-making and financial oversight, especially during such uncertain times. Dr Mary Crossan explains …
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Risk culture: Bringing risk appetite to life
19:56
19:56
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19:56In this episode, Richard and Rachael discuss the evolving risk management landscape in healthcare, emphasising the need for a dynamic approach to risk appetite. Richard highlights the importance of aligning risk management with patient safety and financial sustainability, suggesting that risk appetite should be applied to areas like estates and fin…
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Risk culture: Deepening the focus on cybersecurity
18:57
18:57
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18:57This month, we discuss the evolving landscape of cyber risk management, focusing on healthcare and broader industry implications. James Parker, a cyber professional, shares insights from the 2017 WannaCry ransomware attack on the NHS, highlighting the lack of cyber skills and awareness among staff, and the slow prioritisation of IT projects. Lutz N…
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Risk culture: Ensuring responsible AI innovation in healthcare
28:06
28:06
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28:06The discussion explores the intersection of AI and healthcare at MIT's Jameel Clinic. Ignacio Fuentes highlights their work in clinical AI, particularly in oncology, and drug discovery, including a new protein folding model. Frank Schuler emphasizes the role of accountants in building trust and managing AI risks in healthcare, suggesting future aud…
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Risk culture: Steering the future in the Middle East
23:57
23:57
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23:57The podcast discusses the integration of AI in healthcare across the Middle East, driven by initiatives like Saudi Vision 2030 and UAE AI Strategy. Yasir Ghani highlights the Emirati genome program, which uses AI for personalized and preventive healthcare. He emphasizes the challenges in implementing electronic health records, with 60% of healthcar…
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Risk culture: Combatting fraud in healthcare
19:22
19:22
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19:22The discussion focused on fraud in the UK's NHS, highlighting its complexity and the need for robust risk management. Alex Rothwell, CEO of the NHS Counter Fraud Authority, detailed the extensive fraud landscape, identifying 124 types of fraud and corruption. Key risks include internal insider fraud, collaboration with external entities, and supply…
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Risk culture: Accounting for cyber attack losses
15:25
15:25
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15:25In this episode we speak with Nick Sanna, founder of the FAIR Institute and President of Safe Security, about using the Factor Analysis of Information model, the only international standard for quantifying and accounting for cybersecurity and operational risks, including pervasive third-party risks as the world witnessed with the CrowdStrike incide…
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Risk Culture: The imperative of investing in behavioural insights
25:06
25:06
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25:06This episode discusses the why, how, and what of incorporating behavioural insights into corporate strategy and risk management. Our guests, David Grosse and Sandro Boeri, two seasoned experts who have been working on how to optimise such crucial information for many years, share their thoughts on how ACCA members can put this into practice.…
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Risk culture: How effective learning makes a difference
9:47
9:47
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9:47Attain and its unique Rising Tides ‘game experience’ underline the importance of collaborative learning and how it helps create a connected culture of sharing ideas and innovation. In this episode, Attain’s founder, Klaus Woeste, and its COO, Nick Reed, discuss what that means in today’s volatile, uncertain, complex, and ambiguous (VUCA) world.…
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Risk Culture: Whistleblowing, the pillar of resilience
18:25:00
18:25:00
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18:25:00Who better to talk about the power of whistleblowing and how our profession tackles the rampant rise of fraud than Emma Parry, a conduct, culture and risk advisor and core member of ACCA’s special interest group on risk culture and Pav Gill, the Wirecard whistle-blower who is now CEO and founder of Confide.…
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Risk culture: Conduct and culture MI
13:39:00
13:39:00
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13:39:00We discuss their experiences and insights into developing effective conduct and culture management information in financial services and the insights that the review undertaken by FMSB members in 2023 provides. In particular, they draw on the many lessons that the research reveals and how these can be applied across industries.…
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Risk culture: How do we address behavioural risks?
19:36:00
19:36:00
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19:36:00Dr. Mirea Raaijmakers explains how developments in big data analytics and behavioural science are driving modern-day risk management within financial services. Mirea, who was one of the main architects of the Dutch Central Bank's pioneering approach of behaviour & culture supervision, also discusses how supervisors could be more up-close and person…
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An introduction to compliance professional standards
19:46:00
19:46:00
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19:46:00This podcast explains how HMRC Compliance staff will work under the HMRC Charter with taxpayers including their Agents. We’ll be covering what the Compliance Professional Standards, how they link to the HMRC Charter and what taxpayers and agents should expect under each of the standard headings:Getting things rightBeing aware of taxpayers (and agen…
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Risk culture: The power of leadership in today's turbulent world
13:41:00
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13:41:00As both an accountant and a psychologist as well as a member of ACCA's Risk Culture Special Interest Group, David explains how accounting professionals need to recognise the inherent blind-spots of the financial ‘lens’ and how a wider view can help detect leadership risk hot spots.By ACCA Insights
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Risk culture: Balancing risk and opportunity with a 'Pro-Society' mindset
10:06:00
10:06:00
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10:06:00Hilary Sutcliffe, Director of a London-based not-for-profit organization, SocietyInside, introduces us to the concept of a "Pro-Society" approach to innovation and regulation and explains how this gives stronger incentives for corporations to reverse-engineer innovation from societal demands rather than simply creating innovations in a relentless q…
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Match Fit Finance part 2: Creating a successful application
12:20:00
12:20:00
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12:20:00We continue our discussion on how accountants are best placed to support small businesses to access funding. Glenn Collins, Head of Technical and Strategic Engagement at ACCA, continues his conversation with Simon Goldie, Director of Advocacy at the Finance & Leasing Association and FLA Board member and Managing Director of SME Finance at Paragon B…
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Risk culture: Comprehending the risks of AI
12:59:00
12:59:00
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12:59:00Dr Roger Miles, a behaviour at risk specialist, talks about the cognitive shifts caused by AI, how accountants play an important role in ‘foraging for the truth’, and why we need to dig deep beyond our limitations of knowledge if we are to make the most of the disruption.By ACCA Insights
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Match Fit Finance part 1: Getting the basics right
16:15:00
16:15:00
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16:15:00Helping small businesses access the right funding is vital to them staying match fit. In this podcast, Glenn Collins, Head of Technical and Strategic Engagement at ACCA, is joined by Simon Goldie, Director of Advocacy at the Finance & Leasing Association and FLA Board member and Managing Director of SME Finance at Paragon Bank, John Phillipou, as t…
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Risk culture: Aligning with purpose and risk appetite
9:29:00
9:29:00
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9:29:00Julia Graham, the chief executive of Airmic, the risk management trade body, explains why and how an organisation's social purpose is key to building an effective risk culture.By ACCA Insights
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Top 5 Challenges Faced by Accounting Practices
13:03
13:03
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13:03We have come up with our new 𝐄𝐩𝐢𝐬𝐨𝐝𝐞 𝐧𝐨. 13 of the Initor global UK podcast series '𝐂𝐇𝐑𝐎𝐍𝐈𝐂𝐋𝐄𝐒 𝐎𝐅 𝐎𝐔𝐓𝐒𝐎𝐔𝐑𝐂𝐈𝐍𝐆' after the completion of other well-informed episodes. In this episode of Chronicles of Outsourcing, Our host Krishna Singh speaks with Parth Prajapati – AVP - Customer Experience at Initor Global UK - Concerning on Challenges faced by UK A…
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Risk culture: Organisational ethics
7:44:00
7:44:00
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7:44:00David Rodin, Founder and Chair of Principia Advisory, talks about how to integrate ‘organisational ethics’ in governance and culture.By ACCA Insights
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Accounting Firms - Behind the Scenes of Client Relationship
9:37
9:37
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9:37We have come up with our new podcast with Parth Prajapati - AVP of Customer Experience at Initor Global UK. Here in the conversation with host Krishna Singh, Parth talks about building strong client relationships, ways to maintain strong client relationships & factors that damage relationships with clients. Tune into this informative podcast now! A…
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In this episode Christian Hunt, risk culture and conduct specialist and author of ‘Humanizing Rules: Bringing Behavioural Science to Ethics and Compliance’, discusses how risk and accountancy professionals could think more about the human beings they are trying to influence. Presented by ACCA’s head of risk Rachael Johnson.…
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A Leader's Perspective to Insights of Outsourcing Business
8:12
8:12
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8:12Initor Global UK is back with it’s Podcast series Episode no. 11 of 𝐓𝐡𝐞 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞𝐬 𝐨𝐟 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 - 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠, 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 & 𝐏𝐚𝐲𝐫𝐨𝐥𝐥. ‘A Leader's Perspective to Insights of Outsourcing Business In this episode of Chronicles of Outsourcing, Our host Krishna Singh - HR at Initor Global UK Speaks with Rupang Shah - AVP (Asst. Vice President - UK Account…
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Internal Control and the Transformation of Entities
22:48:00
22:48:00
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22:48:00Internal control is one of the fundamental concepts used by entities to achieve important objectives, improve performance and build reputation, especially in disruptive and uncertain times. Internal control forms a core part of the activities of accountancy, finance and internal audit professionals, assisting them in ensuring that entities operate …
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Fintech state-of-play: opportunities for finance professionals
46:34:00
46:34:00
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46:34:00In this podcast Narayanan joins Jenny Knott FCCA for a wide ranging discussion about her path into fintech, the key trends in fintech as we look ahead, opportunities for professional accountants and the role of ESG and purpose.Jenny Knott FCCAJenny Knott is both a board level investment banker with over 30 years’ experience as well as a leading inn…
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Accounting for a better world: Priorities for a transforming profession
15:08:00
15:08:00
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15:08:00By ACCA Insights
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Women in Accountancy - Challenges of Women, Gender Pay Equality and More.
7:08
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7:08We are back with our double-digit episode no. 10 after the completion of 9 well-informed episodes. "There is no force more powerful than a woman determined to rise." In this episode of Chronicles of Outsourcing, our enduring host Krishna Singh speaks with Nidhi Gupta - Sr. Accountant at Initor Global UK - concerning Women's Challenges, Strength, In…
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Maximising Technology Value in Medium Sized Organisations
26:15:00
26:15:00
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26:15:00Mid-tier businesses play a fundamental role in global supply chains, yet many of them are running on legacy systems and processes, facing long-term underinvestment in skills and technologies and have a very strong case investment that is not being addressed. In this podcast Clive Webb Head of Business Management at ACCA’s Professional Insights, dis…
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Supply Chains: a finance professional’s perspective
21:10:00
21:10:00
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21:10:00Supply Chains are increasingly an area of focus for organisations. In a recent report ACCA, IMA and CIPS have explored the key issues from the perspective of the finance professional. In this podcast, Clive Webb, ACCA's Head of Business Management one of the report authors is in conversation with Aleksandra Zaronina-Kirillova, a fellow member of AC…
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Climate action and the accountancy profession: building a sustainable future
24:45:00
24:45:00
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24:45:00Peter Hogarth leads PwC’s UK Accounting Consulting Services team. He advises the firm and its clients across a wide range of financial reporting topics, dealing with both UK GAAP and International Financial Reporting Standards. He is a principal author of the firm’s Manual of Accounting and is closely involved with many of the firm’s initiatives co…
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VAT Challenges, Restructuring and Beneficial schemes For Businesses
5:32
5:32
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5:32We are back with our new podcast with Shivani Shah - Accounting Executive at Initor Global UK. She works in the VAT department. Here in the conversation with host Krishna Singh, Shivani talks about VAT challenges faced by businesses and how she as well as her team help businesses mitigate those challenges. She adds, "There is a wide scope in VAT an…
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What is VAT? - Types, Benefits, Process, Penalties and More
8:56
8:56
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8:56In this episode of Chronicles of Outsourcing, Shivani Shah - Accounting executive at Initor Global UK talks about VAT(Value Added Tax) in UK. Tune into this informative podcast to know more about VAT Types, benefits, process and penalties. Checkout here accounting outsourcing services, VAT services, and outsourced bookkeeping services to know more …
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Misconceptions of Outsourcing Accounting, Bookkeeping, Payroll & Taxation
13:37
13:37
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13:37In this episode of Chronicles of Outsourcing, Gaurav Bhatt - Business Development Expert at Initor Global UK talks about misconceptions of outsourcing. Tune into this informative podcast to know more insights of outsourcing now. Checkout here accounting outsourcing services and outsourced bookkeeping services to know more about outsourced services.…
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Part 2 : Challenges of Outsourcing Accounting, Bookkeeping, Payroll & Taxation
7:24
7:24
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7:24In this episode of Chronicles of Outsourcing, Gaurav Bhatt - Business Development Expert at Initor Global UK talks about data security and confidentiality. Tune into this informative podcast to know more insights of outsourcing now. Checkout here accounting outsourcing services and outsourced bookkeeping services to know more about outsourced servi…
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Part 1 : Challenges of Outsourcing Accounting, Bookkeeping, Payroll & Taxation
9:53
9:53
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9:53In this episode of Outsourcing of Chronicles, Gaurav Bhatt - Business Development Expert at Initor Global UK talks about challenges and questions of Clients while outsourcing Accounting, Bookkeeping, Payroll or Taxation work to an outsourcing firm. Tune into this informative podcast to know more insights of outsourcing now. Checkout here accounting…
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In this episode of Payroll, Kruti Kothari talks about Payroll career opportunities. People outsource payroll services globally. Hence, learning various Payroll according to policies of different countries like USA, UK and Australia can be beneficial. Tune into this podcast to know more about Payroll career opportunities.…
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In this Payroll outsourcing episode, our accounting expert - Kruti Kothari, Payroll Head Initor Global UK, talks about challenges during Furlough claims for employees. She described how these kind of helpful schemes announced by government to cope up with covid-19 were challenging to process. She adds how underclaimed or overclaimed process would m…
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We are back with our #Payrolloutsourcing series. Here is an engrossing conversation with our speaker Kruti Kothari where she shares her insights on the intricacies of UK payroll. Tune into this informative podcast now! #podcast #payroll #payrollservices #payrollmanagement #payrollsolutions
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Introduction and Benefits of Payroll Outsourcing
7:18
7:18
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7:18Today's episode deals with Payroll - an essential service for any accounting firm. Our host Krishna Singh speaks with Kruti Kothari- our head of the Payroll department - which succinctly guides you through the nitty-gritty of Payroll and the benefits of outsourcing your payroll work to genuine offshoring accounting firms - especially to India. Know…
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Transformational Journeys part 5: Transforming the profession
21:06:00
21:06:00
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21:06:00In this special edition, Julie Hotchkiss, Executive Director – People and Transformation, ACCA and Louise Fowler, Chief Transformation Officer, Chartered Accountants Australia and New Zealand (CA ANZ) discuss with Charlotte Evett of CA ANZ, how their respective professional bodies are transforming in the context of a transforming profession.…
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Transformational Journeys part 4: The finance leaders’ perspective
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26:22:00What does transformation look like from the perspective of a finance leader who has successfully delivered change. In this podcast Andrea Naylor, Group CFO of Namos Solutions and James Best, Managing Director of Precision Finance Consulting share their personal perspectives and provide insights for the finance professional.…
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Transformational journeys part 3: Importance of transformative culture
30:53:00
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30:53:00Whilst many focus on the concept of digital transformation, technology and data can only ever be enablers. Having an agile and transformative culture is essential if organisations are to succeed. Brendan Sheehan, CEO of White Squires and Stephen Dowling of etm-unlearn, discuss how to establish an organisational culture that supports this rapidly ch…
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Transformational journeys part 2: Establishing the business and value case for change
32:34:00
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32:34:00The rapid nature of organisational change is one of several reasons why finance professionals struggle with traditional business cases. In this podcast two leading experts, Tim Barber of the University of Hull and Chris Carter of orgshift Solutions Inc, discuss how finance professionals should address evaluating transformation and the resulting ben…
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Transformational journeys part 1: How finance professionals play an important role
27:00:00
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27:00:00Organisations are increasingly needing to respond rapidly to changing customer requirements. This requires agility to adapt in order to survive. What role should the finance professional play in this. In their joint report the strategic partners ACCA and Chartered Accountants Australia and New Zealand, together with Generation CFO explore the key i…
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