Editor’s welcome
Contributors to this issue
Editor’s welcome
MARC BEATTIE
Marc Beattie is Chief Operating Officer and Co founder at AHR Private Wealth. He has been working in the financial services and private banking industry since 1999. SCOTT DIETZ
Scott Dietz is Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. RICHARD SIMMS
E
conomic upheaval as a result of the Covid-19 pandemic has led to significant changes in the business world with those enterprises and individuals that have been able to adapt and change proving to be the most robust. Consequently accountants, as key business advisors, not only have to keep abreast of the rapidly changing business environment and government support measures, but also spot commercial threats and evaluate growth opportunities, making them more important than ever during unsettled and uncertain times. It is therefore vital that your AIA membership is renewed as soon as possible to support your professional development, add value to your career aspirations and continue to gain important insights and support to develop your skills and knowledge. See page 7 for further details. The Covid-19 pandemic has had a considerable impact on the global economy and the ripples will be felt across many industries and professions for years to come. In this issue of International Accountant, we consider the challenges of implementing IFRS 9 in a post-pandemic world, take a closer
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Rachel Rutherford Editor, IA
look at the terms and conditions of the bounce back loan and consider the combined impact of the pandemic and Brexit on ex-pats returning to the UK, reviewing the capital gains tax implications of doing so. We also question whether taxpayers should seek a Judicial Review to address the injustices inherent in the loan charge and review risk management strategies in an already uncertain business environment. To minimise the disruption caused by coronavirus to the AIA exams and student progression, AIA has moved all its professional exams and some of its diploma exams to computer based testing. The online assessment is a cloud‑based platform that allows students to undertake exams within a controlled environment from the comfort and safety of your own home, whilst maintaining AIA’s stringent exam regulations through monitoring and supervision. Students should register as soon as possible for the November 2020 exams and familiarise themselves with the Online Exams Advice, both of which can be done via My AIA. In this issue, we also have an article on Paper 14 – a must read for those of you sitting the Financial Management paper.
Richard Simms is Managing Director of F A Simms & Partners. Richard is an FCA Qualified Accountant and has a Diploma in Anti Money Laundering. NATHAN TALBOTT
Nathan Talbott is Partner within the tax and financial services litigation team at Wright Hassall, dealing with investments, tax schemes, pensions and HMRC enquiries and negotiations. ANDROMEDA WOOD
Andromeda Wood is senior director of data modelling at Workiva. Her main area of interest is the role of technology and data in the future of corporate reporting and is an experienced data modeller. JOHN PEIRSON
John Peirson is the chief executive officer (CEO) of Deloitte Risk & Financial Advisory and has held multiple leadership roles across the firm. He leads more than 15,000 professionals. ISSUE 113 | AIAWORLDWIDE.COM
