Name: How should audit firms use AI? by ICAEW
Duration: 21 min 45 s
Description: This episode focuses on the integration of AI in audit processes, emphasising the need for practical guidance from the Financial Reporting Council (FRC) to build industry confidence, especially with smaller firms.

Senior figures at accountancy practices must clearly define the business problem that they want AI to solve and take a people-centric approach towards adopting the technology. 

How to transform your practice with AI

In this episode of The Tax Track, we look ahead to the 2024/25 tax return season, highlighting areas to watch out for, and explain our concerns with draft legislation for Finance Bill 2025/26 that promises to make significant changes to the tax system, particularly for agents.  

Tax returns and Finance Bill concerns

We’re all navigating uncertainty right now. How can accountants manage it professionally and personally? Riaz Shah OBE, former EY Partner and Professor of Practice at Hult International Business School, breaks down the biggest factors affecting the profession at the moment, and how it might shape the role and future of accountants. 

Dealing with uncertainty, and mental health

In this episode, we discuss how prepared organisations really are for cyber attacks, what to do if and when your business is affected, and how to manage the communications challenges.

How to bounce back from a cyber attack

A leading cyber security expert presents a spotters’ guide of attacker types that businesses must defend themselves against.

Cyber attackers: who's targeting you?

Academic Simon Thorne has assessed the effectiveness of several generative AI models in how they work with spreadsheets. Of the major platforms, the worst-performing may surprise you.

The best and worst GenAIs for spreadsheets

In this episode, we’re exploring just how useful generative AI (genAI) is when it comes to spreadsheets; what needs to happen by 18 November when it comes to Companies House ID verification; and how the OBR comes to its conclusions.

LLMs and spreadsheets, Companies House IDV, and the OBR’s role

From April 2026, an estimated 864,000 sole traders and landlords will need to comply with Making Tax Digital (MTD) for income tax. 

The latest on MTD income tax

In this episode of the ICAEW Student Insights podcast, host Orkhan Freeman explores what it’s like to be an accountant working in industry.

This episode covers:
•	The relevance of the ACA qualification to training or working in industry.
•	The transferable skills between practice and industry roles.
•	Building relationships with colleagues outside of finance teams.
•	How to make an informed career move.

Orkhan is joined in the studio by Amy Battrick, Management Accountant at EG Group; and Bronwyn Fitzgerald, Finance Team Manager at Gerald Edelman.



Building a career in industry

This episode focuses on the integration of AI in audit processes, emphasising the need for practical guidance from the Financial Reporting Council (FRC) to build industry confidence, especially with smaller firms.

How should audit firms use AI?

ICAEW is a professional membership organisation that provides insight and leadership to the global accountancy and finance profession.

How should audit firms use AI?

ICAEW

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