Welcome to the post-Accountex 2018 Daily Insight. This short and simple tweet summed it up for me. It includes a great video of the ExCeL accounting extravaganza shot and edited by Accountex PR exec Sharna Waide. Just click on the pic above and it will take you straight there. Or click here.
The team at Accountancy Age have helpfully come up with six takeaways from the show. Check out their site for the full details but, in brief, they are:
- Making Tax Digital – don’t delay, it’s going ahead! Theresa Middleton, director of Making Tax Digital , delivered an excellent talk on Day One, where she said accountants should: Talk to clients, assessing potential transition challenges and their aptitude and attitude for making a change; talk to your software providers to find out when products are going to be enabled for clients, or to look at what software is on offer; think about digital record-keeping – even if you’re not participating in the pilots; take part in the pilots;
- Millennial workplace preferences: In the millennial roundtable on Day One, it became clear young people are in search of personal development and autonomy, supported by flexible or remote working opportunities.
- GDPR: the key stats: Brendan Woods of AutoEntry delivered the figires on data security. He said that 73 per cent of people were concerned about the security of their data; 38 per cent are worried about regulatory compliance; and 30 per cent are worried about compromised accounts or insider threats. .
- GDPR and the ‘Big 3’ personal data rights: Phil Bernie, co-founder of KeyPay, focused on the right: to be informed;) to be forgotten; and to be able to access our data.
- How do you prevent a cyberattack? Peter Erceg, CISO at Lockton, shared some good cybersecurity tips: patch your systems; restrict user access; change passwords regularly; use two-factor authentication; segment networks; ensure software is no more that one version behind the latest available; protect your systems, but detection and mitigation is the key
- Can women have it all? Elaine Clark’s popular roundtable women in accountancy, focused on: experiences of gender parity; the gender pay gap; difficulties in maintaining a work-life balance.
We’ll be back with a full round-up of the show next week, with more pics, words, music and videos. Well, maybe not the music.