Policy & Insights

The discussion focused on fraud in the UK's NHS, highlighting its complexity and the need for robust risk management. Alex Rothwell, CEO of the NHS Counter Fraud Authority, detailed the extensive fraud landscape, identifying 124 types of fraud and corruption. Key risks include internal insider fraud, collaboration with external entities, and supply chain fraud. The NHS faces an annual fraud loss of £1.3 billion out of a £160 billion budget. Rothwell emphasized the importance of strategic intelligence assessments, proactive risk management, and international collaboration to combat fraud effectively. He also discussed the role of AI and machine learning in enhancing fraud detection capabilities.

In this episode we speak with Nick Sanna, founder of the FAIR Institute and President of Safe Security, about using the Factor Analysis of Information model, the only international standard for quantifying and accounting for cybersecurity and operational risks, including pervasive third-party risks as the world witnessed with the CrowdStrike incident. Nick explains how healthcare organisations in particular could be using this at scale to better assess and manage potential cyber incidents, considering the high-profile cyber attacks at United Health and the UK's NHS and, indeed, our current research on risk management in the healthcare sector.

This episode discusses the why, how, and what of incorporating behavioural insights into corporate strategy and risk management. Our guests, David Grosse and Sandro Boeri, two seasoned experts who have been working on how to optimise such crucial information for many years, share their thoughts on how ACCA members can put this into practice.

Attain and its unique Rising Tides ‘game experience’ underline the importance of collaborative learning and how it helps create a connected culture of sharing ideas and innovation. In this episode, Attain’s founder, Klaus Woeste, and its COO, Nick Reed, discuss what that means in today’s volatile, uncertain, complex, and ambiguous (VUCA) world.

Who better to talk about the power of whistleblowing and how our profession tackles the rampant rise of fraud than Emma Parry, a conduct, culture and risk advisor and core member of ACCA’s special interest group on risk culture and Pav Gill, the Wirecard whistle-blower who is now CEO and founder of Confide.

We discuss their experiences and insights into developing effective conduct and culture management information in financial services and the insights that the review undertaken by FMSB members in 2023 provides. In particular, they draw on the many lessons that the research reveals and how these can be applied across industries.

Dr. Mirea Raaijmakers explains how developments in big data analytics and behavioural science are driving modern-day risk management within financial services. Mirea, who was one of the main architects of the Dutch Central Bank's pioneering approach of behaviour & culture supervision, also discusses how supervisors could be more up-close and personal with financial institutions when it comes to understanding the cultural and behavioural influences on performance.

This podcast explains how HMRC Compliance staff will work under the HMRC Charter with taxpayers including their Agents. We’ll be covering what the Compliance Professional Standards, how they link to the HMRC Charter and what taxpayers and agents should expect under each of the standard headings:Getting things rightBeing aware of taxpayers (and agents) situationBeing responsiveTreating taxpayers fairlyLet us know whether you found this podcast interesting and what other topics you would like to hear covered at ukpolicy@accaglobal.com

As both an accountant and a psychologist as well as a member of ACCA's Risk Culture Special Interest Group, David explains how accounting professionals need to recognise the inherent blind-spots of the financial ‘lens’ and how a wider view can help detect leadership risk hot spots.

Hilary Sutcliffe, Director of a London-based not-for-profit organization, SocietyInside, introduces us to the concept of a "Pro-Society" approach to innovation and regulation and explains how this gives stronger incentives for corporations to reverse-engineer innovation from societal demands rather than simply creating innovations in a relentless quest for a home.

We continue our discussion on how accountants are best placed to support small businesses to access funding. Glenn Collins, Head of Technical and Strategic Engagement at ACCA, continues his conversation with Simon Goldie, Director of Advocacy at the Finance & Leasing Association and FLA Board member and Managing Director of SME Finance at Paragon Bank, John Phillipou. This time we focus on the top tips in gaining a swift and successful funding application. Let us know whether you found this podcast interesting and what other topics you would like to hear covered at ukpolicy@accaglobal.com

Dr Roger Miles, a behaviour at risk specialist, talks about the cognitive shifts caused by AI, how accountants play an important role in ‘foraging for the truth’, and why we need to dig deep beyond our limitations of knowledge if we are to make the most of the disruption.

Helping small businesses access the right funding is vital to them staying match fit. In this podcast, Glenn Collins, Head of Technical and Strategic Engagement at ACCA, is joined by Simon Goldie, Director of Advocacy at the Finance & Leasing Association and FLA Board member and Managing Director of SME Finance at Paragon Bank, John Phillipou, as they uncover how small businesses can get the right finance at the right time in increasingly testing times. Let us know whether you found this podcast interesting and what other topics you would like to hear covered at ukpolicy@accaglobal.com

Julia Graham, the chief executive of Airmic, the risk management trade body, explains why and how an organisation's social purpose is key to building an effective risk culture.

David Rodin, Founder and Chair of Principia Advisory, talks about how to integrate ‘organisational ethics’ in governance and culture.

In this episode Christian Hunt, risk culture and conduct specialist and author of ‘Humanizing Rules: Bringing Behavioural Science to Ethics and Compliance’, discusses how risk and accountancy professionals could think more about the human beings they are trying to influence. Presented by ACCA’s head of risk Rachael Johnson.

Internal control is one of the fundamental concepts used by entities to achieve important objectives, improve performance and build reputation, especially in disruptive and uncertain times. Internal control forms a core part of the activities of accountancy, finance and internal audit professionals, assisting them in ensuring that entities operate effectively. Yet the nature of the business model is changing for many.Transformation, including the adoption of digital enablers, is changing the way that processes are undertaken. Rapid response to changing customer and economic factors is a reality. In this webcast, we explore these and other emerging trends, their impact on internal control and the need for internal controls to be agile and future-ready to support business transformation and growth.In this podcast we explore the key themes of the joint ACCA, Internal Audit Foundation and Institute of Management Accountants report.

In this podcast Narayanan joins Jenny Knott FCCA for a wide ranging discussion about her path into fintech, the key trends in fintech as we look ahead, opportunities for professional accountants and the role of ESG and purpose.Jenny Knott FCCAJenny Knott is both a board level investment banker with over 30 years’ experience as well as a leading innovator in financial technologies. Jenny has extensive prudential board experience having served on Boards of Global Investment Banks, Financial Services Corporates and Charitable organisations for over 25 years, her roles ranging from Chair to member of Board, Board Audit, Board Risk, RemCo and Technology Sub-Committees.Jenny is also co-founder of FinTech Strategic Advisors and assists clients with their FinTech investment and adoption strategies. She supports start-ups achieve scale and commercial success. As an investment banker, she has been a CEO, CFO and COO, widely respected for leading the modernisation and transformation of her organizations and for her knowledge of the technical finance, emerging technology and regulatory environments.Jenny believes that innovation, inclusivity and cognitive, demographic and experiential diversity are a ‘must’ for a successful business and acts as mentor and advisor to a number of CEO’s. She is a public speaker on emerging FinTech including Data transformation and Distributed Ledger as well as the commercial benefits of truly Innovative and Inclusive Board and Corporate cultures. Jenny is currently a Non-Executive Director for SimplyHealth and deputy chair of both their Remuneration and Capital and Risk Committees. She is the chair of the Board Audit Committee in her capacity as Trustee for Ovarian Cancer Action, and Chairwoman of Equiida a global, senior executive leadership advisory firm founded on the science that greater inclusivity improves business performance.

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Mid-tier businesses play a fundamental role in global supply chains, yet many of them are running on legacy systems and processes, facing long-term underinvestment in skills and technologies and have a very strong case investment that is not being addressed. In this podcast Clive Webb Head of Business Management at ACCA’s Professional Insights, discusses the technology considerations for mid-tier organisations, with Adam Freeman, Director of Buyer Enablement at the Access Group and Tony Price, a Partner in PwC.