{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2Fc83e15b6-e931-414e-8dd2-c01e83ed7740","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Top 5 Biggest Challenges via Institute of Financial Accountants","description":"Episode 17. In today's news episode, we discuss \"Top 5 Biggest Challenges via Institute of Financial Accountants.\"\n\nReally interesting points arising from a piece via AccountancyAge reviewing 2021 for the accountancy profession and the challenges firms have faced. All of these will loom larger in 2022.\n\nKey takeaways from this episode include:\n\n\uff1ehow the IFA has looked back at 2021 and looked forward to 2022 to see how the accounting profession has adapted to all that has happened\n\n \uff1easking how accountants as a breed cope with change and can be agile and adaptive\n\n\uff1ethe number one driver what generally tends to cause the most change and adaptation in accountancy\n\n\uff1e\"As the year is drawing to a close, there is a growing expectation that many of these temporary adaptations will now become embedded in long-term business operations. This has resulted in the changing face of many business practices and a pivoting of services in order to survive.\"\n\n\uff1ethe impact of Brexit, not just in the UK but throughout the world, and how it has created international business opportunities for accountants\n\n\uff1e\"Evidently, the UK\u2019s exit from the EU has created necessary demand and opportunities for practice outside of its borders.\"\n\n\uff1ehow digital tech is transforming accounting and which technologies are adding most value to accountancy firm and their clients\n\n\uff1e\"Digital transformation has continued, as the sector looks at ways to further embrace the digital shift and seize the opportunities that emerging technology presents.\"\n\n\uff1ewhy the day-long accountants training course has given way to more bite-size learning approaches for CPE or CPD and skills training\n\n\uff1esome of the various legal and regulatory changes accountants must stay current on, and how this affects their bandwidth for other things like innovation\n\n\uff1ethe expanding threat to accountants and their clients of money laundering and fraud, leading to opportunities in cyber-security\n\n\uff1e\"The pandemic has only served to exacerbate the growing problem of fraud, and as it has shown no signs of abating throughout 2021, neither have the efforts of fraudsters in finding new ways of operating.\"\n\n\uff1ewhy climate change represents significant opportunities for accountants with ESG and CSR initiatives becoming increasingly relevant\n\n\uff1e\"As 2021\u2019s door shuts and 2022\u2019s opens, one thing now placed at the top of everyone\u2019s agenda is tackling climate change, as businesses focus more on their impact on society and the environment.\"\n\n\uff1ethe 'burning platform' of environmental and social governance in the light of COP26 summit and what it means for the businesses that accountants and CPAs serve\n\n\uff1ewhat the more proactive accounting professionals will be doing to capitalise on these challenges.\n\nNOTE TO LISTENERS:\n\nThe Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes.\n\nEvery Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen.\n\nEvery Wednesday and Friday, we feature an uncut interview with top authors, leaders, thinkers and performers in the accounting and fintech world. \n\nEvery Thursday the show gives you a practical 'here's what works' tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up.\n\nFinally, every Saturday gives listeners a bonus episode which focuses on the buyers of accounting services - the clients themselves. In particular how they feel, react to and experience their interactions with accountants. That includes why they buy or don't buy, why they move or stay and why they think how they think about...","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/2d6ef436-d981-45ce-9962-de4e57b37735/qYzZCG-w4GvvNVLpN_bgUPbA.jpg"}