For many years professional services firms in sectors such as law, consultancy, accountancy, marketing and software development have relied for their profitability on charging clients for the number of hours worked. The growing adoption of artificial intelligence and other disruptive technologies is now challenging this model, traditionally based on rewarding time and workload. As AI…
According to Climate Action Tracker, under current policies, global warming is projected to fall woefully short of the Paris Agreement threshold of 1.5⁰C above pre-industrial levels, which are necessary to mitigate the long-term impacts of global warming and associated man-made climate change. Shockingly the figure Climate Action Tracker cites is 2.7⁰C above pre-industrial levels. If…
In today’s rapidly evolving business environment, companies face an increasing range of challenges—from financial management to regulatory compliance, competitive pressures, and the need for strategic growth. In such a complex landscape, accounting services have become a vital part of every business operation. No longer are accounting professionals simply tasked with managing the books; their role…
The fiduciary services industry in Cyprus has entered a new regulatory and operating environment following the enactment of the long‑anticipated tax reform. The reform, which came into effect on 1 January 2026, represents the most comprehensive overhaul of the Cyprus tax system in more than two decades. For fiduciary service providers, the reform is not…
From record-keeper to architect of value: the skills that will matter most in the era of agentic AI For decades, a company’s finance function has been synonymous with rigor, control, and a backward-looking gaze: month-end closings, reconciliations, reports that confirm what has already happened. The chief financial officer was, in essence, the guardian of the…
Introduction For decades, the accounting profession has been built upon principles of accuracy, compliance, financial stewardship, and trust. Accountants have traditionally served as custodians of financial information, responsible for recording transactions, preparing financial statements, ensuring regulatory compliance, and safeguarding organisational integrity. While these responsibilities remain fundamental, the profession is undergoing one of the most significant…
Insolvency is still widely read as a synonym for failure. Increasingly, it is the opposite: a structured route to renewal, and one of the more effective tools available for rescuing businesses that have run into difficulty. Insolvency practitioners (“IPs”) sit at the centre of that work. Acting in various capacities — as liquidators winding a…
When the European Green Deal was launched in December 2019, it set the tone for the EU to be a world leader in addressing climate change issues. The comprehensive plan aimed at making the European Union climate-neutral by 2050, with at least 50% greenhouse gas emissions cut by 2030. Roll forward to 2025 and the…
To meet GHG reduction levels, the number of flights globally will need to be significantly reduced. There are a number of implications. Firstly, the more people who migrate to other countries, the more people will need to travel back to visit family and friends, and the more consequent travel will be required. This will be…