Harper May | Knowledge Hub | UK Accounting Recruitment Agency

ICAS celebrates its 170th anniversary as the world’s oldest accountancy body, founded in 1854. With over 24,000 members globally, it has driven key changes in accounting standards and launched initiatives like CA24 to modernise the profession and adapt to future challenges.

Talent retention is the top priority for UK accountancy firms, with 67% ranking it as their main concern. Firms face a competitive market for talent, especially as they expand into new service lines. Strategies include flexible working, career development, and performance-based incentives.

Accountants must maintain licenses, protect client data, understand employment contracts, secure liability insurance, adhere to ethics laws, and comply with record-keeping standards. Addressing these legal aspects safeguards careers, mitigates risks, and ensures confident progression in the evolving financial landscape.

CFOs are increasingly investing in accounting technology to automate finance functions, driving efficiency and innovation. Automation in tasks like accounts payable, data integration, and reporting streamlines processes, enhances decision-making, and enables companies to scale, fostering growth and strategic success.

Happy 120th Birthday, ACCA! Founded in 1904, ACCA has grown to 252,500 members and 526,000 students globally. With its first all-female leadership team, ACCA continues transforming lives through inclusion, innovation, and a commitment to the public good.

CFOs must address the talent crunch by exploring alternative hiring pools, investing in upskilling teams, and adopting AI to handle routine tasks. Strategic training and co-sourcing can help finance professionals focus on high-value activities, enhancing business performance.