Fintech is set to be the latest career frontier for accountants. The fact that 50% of accountants are considering a move into financial technology shows that the profession is willing to seize these new opportunities. There is a risk, though, that older generations could miss out if they believe they do not have the necessary skills. Our article summarising the findings of a recent ACCA report reveals the breadth of opportunities available in fintech. We have also distilled the highlights in graphics.
The skills of auditors are in focus this month, too, following the announcement that EY is planning to split its audit practice away from the rest of the business. This prospect throws up a number of issues, among them audit quality and recruitment. Firms are currently attractive to potential employees for the variety of work they offer, but this could change if joiners no longer have opportunities to work across the full breadth of the firms’ service offering.
Also this month, we interview the CFO of Vital Energi Group, Cécile Parker FCCA, who talks about how sustainable energy generation is the future. The business, which offers low-carbon energy solutions, has recently provided Christie Hospital in Manchester with a blend of water and air source heat pumps, a solar array, a battery energy storage system and energy conservation measures, which it expects will deliver financial savings of more than £1m a year.
In one of our opinion pieces this month, Robert Bruce looks at lessons for business from the Scottish school system and the collective mindset it engenders.
Finally, can you guess which is the most expensive city in the world for expats? See the listing for the answer.