ICAEW Insights In Focus: What’s in the Economic Crime Act 2023?

Accountancy Insights

In this Insights In Focus episode, we explore the contents and implications of the Economic Crime and Corporate Transparency Act 2023.
After a challenging route through Parliament, the Act finally received Royal Assent in late October. It promises sweeping changes to Companies House and reporting requirements for SMEs. Crucially, it also covers where accountability will lie for economic crime. Many of the details are yet to be ironed out, but it’s clear that accountants will take on much of the responsibility for delivering these changes.
Host Philippa Lamb discusses what accountants need to know with Mike Miller, ICAEW Economic Crime Manager; Alun Milford, Partner at Kingsley Napley and former General Counsel at the Serious Fraud Office; and Alice Bessell, Finance Director at Brown & Bright.

Links

• ICAEW Economic Crime hub: https://www.icaew.com/technical/trust-and-ethics/economic-crime

Host

Philippa Lamb

Guests

• Mike Miller, Economic Crime Manager, ICAEW
• Alun Milford, Partner, Kingsley Napley
• Alice Bessell, Finance Director, Brown & Bright

Producer

Natalie Chisholm

Episode first published: 4 December 2023
Podcast recorded: 29 November 2023