Technology

Insight / AI skills demand grows but ethics lag

Over half of organisations do not have a policy to ensure the safe and ethical development of artificial intelligence (AI), even though three quarters of business leaders report that AI is fundamentally changing their organisation, according to research from Deloitte

Audit / PwC uses drones in audit for first time

PwC has taken to the skies and, for the first time ever, has undertaken a stock count audit using a drone, as part of a wider drive to harness emerging technologies to enhance audit quality

Insight / 64% of UK workers risk GDPR penalties

A survey of UK workers reveals that a majority have forwarded a customer email to their personal account, violating the EU’s General Data Protection Regulation (GDPR) and potentially incurring large fines for their employer

Insight / IAESB consults on updating tech education standards

The International Accounting Education Standards Board (IAESB) has launched a consultation on possible changes to international standards for the teaching of IT skills, following increased demand for proficiency and the disruptive effects of new technology in many sectors

Insight / Quarter of UK workers not giving their best

UK workers are less enthusiastic about their work and less productive than their European counterparts, according to research from Deloitte which also found that almost half say their job has already been affected by automation

Insight / Future accountants ‘not team players’

Accountants will need to become more opinionated and develop greater data and risk analysis skills if they want their careers to progress in future, while cultivating listening skills and being a team player are set to be less important, according to research from the Association of Accounting Technicians (AAT)

Insight / Finance departments worldwide opt for AI

 A quarter of finance departments expect to deploy artificial intelligence (AI) by 2020 and half will also be using predictive analytics, according to a global survey of technology and finance by research and advisory company Gartner

Insight / CFOs at risk from business email hacking campaign

Chief financial officers (CFOs) around the world, including in the UK, are being targeted by an online criminal gang using sophisticated email hacking attacks to persuade individuals to make money transfers, according to a cyber security report which identifies a hit list of more than 50,000 senior finance executives

Insight / How would a data breach impact your business?

Aon have created a free Cyber Risk calculator to help determine your level of risk and exposure. Input your details to generate a free personalised Cyber Risk report

Insight / DWP to consult on pension dashboards

The Department for Work and Pensions (DWP) is to consult on proposals for new, free ‘pensions dashboards’ which would allow people to access their information from most pension schemes in one place online for the first time, following a letter from Frank Field MP

Insight / US boxer and DJ settle crypto coin touting claims with regulator

Two celebrities - professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled - have between them paid over $700,000 to settle charges in the first cases to be brought by the Securities and Exchange Commission (SEC) related to unlawfully touting initial coin offerings (ICOs)

Insight / Government to fund research into AI and accounting services

The government is ploughing £3m into research which will look at how businesses, including accounting firms, can make best use of artificial intelligence (AI) to reduce processing times and save money for consumers, improve customer engagement, and consider how people interact with technology

Accounting / FRC lab to review use of artificial intelligence

The Financial Reporting Council’s (FRC) financial reporting lab is set to release a report on the impact of artificial intelligence (AI) on the future of corporate reporting

Insight / Two thirds of companies fail to meet GDPR response deadlines

Six months on from the introduction of the General Data Protection Regulation (GDPR), more than two thirds of organisations are responding to customer data requests late, according to research by Deloitte which warns that the volume of data enquiries is set to increase

Insight / Hurst: improving Excel spreadsheets with cloud add-ons

File linkages, broken formulae and lack of time to analyse multiple scenarios are but a few problems that come with the use of Excel spreadsheets but cloud-based add-ons can help address these issues, explains Simon Hurst of the Knowledge Base
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