Surveys

Insight / Millennial employees prepared to delegate to robots

Research involving 1,200 finance employees in the UK found millennials plan to use robots to avoid human interaction at work, while older workers only intend to use them to tackle tasks such as online filing

Audit / Mandatory audit firm rotation fails to deliver lower costs

Mandatory audit firm rotation (MAFR) has forced up audit costs for the FTSE 100, with fees increasing 10% in the last 12 months, but is delivering very mixed results in terms of reducing Big Four dominance and increasing competition, according to a report from Source Global Research

Insight / Brexit uncertainty hits future planning at businesses

Lack of clarity around the Brexit process is hitting preparations for business after the UK leaves the EU, with only a third of finance professionals in large businesses reporting their organisation has started scenario planning and just 20% of those in small organisations, according to a poll

Insight / Accountants expect technology transformation by 2028

Accountants are expecting to see the profession radically changed by 2028, with 96% predicting that technology is set to change their role within the next 10 years, according to research by information provider Thomson Reuters.

Insight / Cybersecurity tops risk list for audit chiefs

Cybersecurity worries continue to top the list of concerns for internal audit chiefs, according to research produced by seven European institutes of internal auditors, with warnings that businesses need to check more closely on outsourced or third-party elements of their IT supply chain

Insight / Call for mandatory ethnicity and disability pay gap reporting

The Equality and Human Rights Commission (EHRC) is calling for mandatory reporting on staff recruitment, retention and promotion by ethnicity and disability, after research found just 3% of organisations measure their ethnicity or disability pay gaps

Insight / Self-employed heading towards pensions saving crisis

Self-employed workers are on course to a pension saving crisis as they cannot afford to save for their retirement, with nearly half having no pension at all and a third relying solely on the state pension, according to research from Prudential

Insight / A third of UK SMEs fear post-Brexit disruption

Research suggests 47% of the UK’s SMEs have started planning for the various possible outcomes from Brexit, with a third predicting potential supply chain disruption, ahead of the government’s publication of a series of technical notices covering the potential business impacts in the event of a no-deal scenario

Insight / CMA to investigate celebs’ online endorsements

Celebrities who fail to disclose commercial relationships with suppliers of products are coming under the microscope from the Competition and Markets Authority (CMA), which is investigating concerns that social media stars are not properly declaring when they have been paid, or otherwise rewarded, to endorse goods or services

Insight / Banks required to publish customer service scores

From today, following action by the Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA), consumers and small businesses will have better information about the services offered by current account providers, with banks required to publish details of their customer service ratings

Insight / Financial services below average at supporting women’s careers

The financial services (FS) sector is falling behind other sectors when it comes to supporting women’s progress into senior positions, according to a global report from PwC

Insight / Pay in finance hits three-month high but workers unsatisfied

Average salaries for finance roles hit a three-month high in July as pay increased by 3% year-on-year, but many in the sector express dissatisfaction and say they are underpaid and badly trained

Insight / Accounting network revenue hits $200bn globally

In this years' Accountancy Network and Associations annual survey, the Big Four networks continue to dominate the global accounting market as combined revenues hit $200.12bn (£150.80bn), while the UK accounts for 10% of all global revenue at $19.4bn, reports Amy Austin

Insight / Top 25 survey 2018: UK outlook for global accounting networks

The UK accounts for 10% share of global fee income from the global networks and associations with total UK revenue hitting $19.4bn, up from $18.8bn year on year, despite the threat of Brexit and increasing scrutiny of the audit market, reports Amy Austin

Insight / Top 25 survey 2018: increased disclosure improves share of women partner numbers

More global accountancy networks are reporting gender diversity numbers with 14 (56%) out of the 25 firms in this year's survey voluntarily providing a gender breakdown of their partner numbers as the number of female partners reaches an all-time high, reports Amy Austin
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