International Women’s Day falls on 8 March, and in this issue we feature stories about four women whose fascinating career journeys should be of interest to all members, irrespective of age or gender.

As I write this, Heart of Midlothian FC (better known as Hearts) are in the unfamiliar position of being top of the Scottish Premiership. The football club’s Honorary President, Ann Budge OBE, talks to us about her business journey, which includes turning the club around, both on and off the pitch, and the sexism she
overcame in doing so.

Fiona Bennett CA, who oversees a budget of £21bn as Interim CFO of NHS Scotland,
explains why having a psychology degree has proved beneficial. Fiona was also one of our CA Rising Stars 2025 – and we have a final call for you to submit your nominations for this year’s contest. Remember, you are free to nominate as many CAs as you like – including yourself – so long as they are all aged 35 or under.

On the Obituaries page, we remember the incredible
life and career of Ruby Tint Barton CA, who overcame a series of extraordinary challenges, from war to prejudice, in her time.

And we have Francesca Van der Byl CA, who proves the maxim “if at first you don’t succeed….” Francesca is now an AI Product Manager with KPMG. And no,
AI isn’t going to replace accountants, she says.

There is now, however, mass adoption of this rapidly advancing technology across all sectors, not just accounting. We feature a special preview of the latest Shaping the Profession report, which explains why
professional judgement is vital for anyone using AI.

In our ongoing series looking at the work of our various boards, panels and committees, we talk to members of the ICAS Business Policy Panel and hear how it represents the interest of SMEs and helps
shape ICAS policy positions.

Growing our role and influence in both business and politics is one of our key objectives. President Karen Scholes CA looks back at our recent successful event at the Scottish Parliament, where one of the issues that came up was that MSPs overseeing huge budgets don’t always have the financial expertise to help them make sense of the numbers.

One former MSP who had both the political and financial nous to become a hugely successful and well-loved figure was Lord Jim Wallace. Sadly, he passed away in February, and we have a
special tribute to a figure who will be much missed at ICAS and beyond.

We have a different kind of farewell from Bruce Cartwright CA, who pens his final column as our CEO for this magazine. He recalls how an impromptu reorganisation of the kitchen
changed the course of his career and, in turn, ICAS.

I speak for everyone here in thanking Bruce for all the work he has done in helping to transform us into a professional body that is not beholden to its rich history, but one looking forward to its exciting future.

Sarah Chisnall, Editor in Chief
linkedin.com/in/sarah-chisnall

Learn more about the new ICAS Women’s Network

International Women’s Day falls on 8 March, and in this issue we feature stories about four women whose fascinating career journeys should be of interest to all members, irrespective of age or gender.

As I write this, Heart of Midlothian FC (better known as Hearts) are in the unfamiliar position of being top of the Scottish Premiership. The football club’s Honorary President, Ann Budge OBE, talks to us about her business journey, which includes turning the club around, both on and off the pitch, and the sexism she
overcame in doing so.

Fiona Bennett CA, who oversees a budget of £21bn as Interim CFO of NHS Scotland,
explains why having a psychology degree has proved beneficial. Fiona was also one of our CA Rising Stars 2025 – and we have a final call for you to submit your nominations for this year’s contest. Remember, you are free to nominate as many CAs as you like – including yourself – so long as they are all aged 35 or under.

On the Obituaries page, we remember the incredible
life and career of Ruby Tint Barton CA, who overcame a series of extraordinary challenges, from war to prejudice, in her time.

And we have Francesca Van der Byl CA, who proves the maxim “if at first you don’t succeed….” Francesca is now an AI Product Manager with KPMG. And no,
AI isn’t going to replace accountants, she says.

There is now, however, mass adoption of this rapidly advancing technology across all sectors, not just accounting. We feature a special preview of the latest Shaping the Profession report, which explains why
professional judgement is vital for anyone using AI.

In our ongoing series looking at the work of our various boards, panels and committees, we talk to members of the ICAS Business Policy Panel and hear how it represents the interest of SMEs and helps
shape ICAS policy positions.

Growing our role and influence in both business and politics is one of our key objectives. President Karen Scholes CA looks back at our recent successful event at the Scottish Parliament, where one of the issues that came up was that MSPs overseeing huge budgets don’t always have the financial expertise to help them make sense of the numbers.

One former MSP who had both the political and financial nous to become a hugely successful and well-loved figure was Lord Jim Wallace. Sadly, he passed away in February, and we have a
special tribute to a figure who will be much missed at ICAS and beyond.

We have a different kind of farewell from Bruce Cartwright CA, who pens his final column as our CEO for this magazine. He recalls how an impromptu reorganisation of the kitchen
changed the course of his career and, in turn, ICAS.

I speak for everyone here in thanking Bruce for all the work he has done in helping to transform us into a professional body that is not beholden to its rich history, but one looking forward to its exciting future.

Sarah Chisnall, Editor in Chief
linkedin.com/in/sarah-chisnall

Learn more about the new ICAS Women’s Network

CONTENTS

AI and accountancy – mitigating the risks

Shaping the Profession
A sneak preview of the new ICAS report, with advice on exploiting the tech’s benefits while avoiding the critical failures

AI and accountancy – mitigating the risks

Shaping the Profession
A sneak preview of the new ICAS report, with advice on exploiting the tech’s benefits while avoiding the critical failures

Fiona Bennett CA

Peak Position
NHS Scotland’s Interim CFO on collaboration, mountaineering and how her psychology degree is a useful tool for financial leaders

Fiona Bennett CA

Peak Position
NHS Scotland’s Interim CFO on collaboration, mountaineering and how her psychology degree is a useful tool for financial leaders

Ann Budge OBE

Heart of the matter
How the former Chair of Hearts FC helped rescue the club – and is leaving it dreaming of a first title in decades

Ann Budge OBE

Heart of the matter
How the former Chair of Hearts FC helped rescue the club – and is leaving it dreaming of a first title in decades

Francesca
Van der Byl CA

Championing Unique Perspectives
Why the AI Product Manager at KPMG chose the apprenticeship route into accountancy – and how her pageanting hobby makes her a better CA

Francesca
Van der Byl CA

Championing Unique Perspectives
Why the AI Product Manager at KPMG chose the apprenticeship route into accountancy – and how her pageanting hobby makes her a better CA

Time to shine

Need to show appreciation of a brilliant colleague? Or feel you deserve the acclaim? It’s time to get your nominations in

Time to shine

Need to show appreciation of a brilliant colleague? Or feel you deserve the acclaim? It’s time to get your nominations in

NEWS AND COMMENT

The Account

Business news, including the Global Risks Report and a shot in the arm for apprenticeships

President’s View

Broad and active professional networks can be as vital to success as technical excellence, says Karen Scholes CA

Bruce Cartwright CA

ICAS has rebuilt its engine and is primed for future success in a digital world, says the outgoing CEO

PEOPLE

Meet the Practice

Adam Kusnierek CA – one of ICAS’ CA Rising Stars 2025 – reveals how Hawkins Priday is solving the productivity puzzle

Lord Jim Wallace

A tribute to a man who was twice Acting First Minister, Liberal Democrat leader in the House of Lords and Chair of the ICAS Regulation Board

INSIDE ICAS

For the Record

Member information, events and updates, including the launch of the CA Women’s Network and Council elections

Business Policy Panel

Two members explain what it does, why they joined and how it works to improve the business environment

Learning and Development

With AI becoming prevalent throughout the financial sector, a refresher on the ethical use of the technology

Courses

A range of ICAS courses to enhance your skills and fulfil your CPD

INSIDE ICAS

For the Record

Member information, events and updates, including the launch of the CA Women’s Network and Council elections

Business Policy Panel

Two members explain what it does, why they joined and how it works to improve the business environment

Learning and Development

With AI becoming prevalent throughout the financial sector, a refresher on the ethical use of the technology

Courses

A range of ICAS courses to enhance your skills and fulfil your CPD

Partnerships

We spotlight our partners, showing some of the benefits of ICAS membership

Obituaries

In memoriam

Disciplinary

Publicity notice

Partnerships

We spotlight our partners, showing some of the benefits of ICAS membership

Obituaries

In memoriam

Disciplinary

Publicity notice

Editor in Chief Sarah Chisnall
Head of Communications Stevie Brown
Content and Communication Managers Hailey Combe, Hilde Oesterkloeft
Content and Communication Executives Dylan Tom, Ross Walter

PUBLISHED BY
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RIVER CONTENT GROUP
Editor Ryan Herman
Creative Director Phil Tristram
Chief Sub-Editor Steve Yates
Picture Editor Paul Ashman
Contributors Fraser Allen, Cris Andrews, Cherry Casey, Fiona Nicolson, Richard Purden
Thanks to Lola Bauermeister, Steve McCubbin
Editorial Director (Business) Lysanne Currie
Partnerships and Sales Manager Tony Hopkins thopkins@therivergroup.co.uk
Partnerships and Account Executive David Dagun
Account Director Max Bray
Account Executive Jacob Leman-Scott

Production Director Nigel Mackay
Group Creative Director Scott McKenzie
Managing Director Rachel Middlewick
Finance Director Gavin Love
CEO Nicola Murphy

PICTURE CREDITS
Getty Images, Alamy,
House of Lords/Roger Harris