Coffee break with Andrew Holland | Deloitte UK has been saved
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Audit partner, Andrew Holland, joined the South West & Wales practice this summer from Deloitte’s office in Toronto, having moved back to the UK from Canada after a two-year secondment.
We’ve put Andrew in the hot seat to find out more about him and his work. Mug of (hot) coffee in hand, here’s what he had to say…
Do you have an industry focus as an audit partner?
I specialise in financial services, specifically auditing insurance companies.
How would you sum up the insurance industry?
It’s constantly changing! And that’s one of the reasons why I enjoy working with insurers so much - there’s always an awful lot going on and a great deal to think about.
What sort of projects do you work on?
I’ve been an insurance auditor for 16 years now and in that time I’ve been fortunate to work on all sorts of projects covering finance transformation, accounting and regulatory change, strategy consulting and transaction support, but always with a base of fascinating external audit clients.
What have been the highlights of your career to date?
I spent 14 years in London in our insurance audit group working on a range of insurance audits and made partner in 2014. I then moved to Canada for two years to gain experience working on one of the firm’s largest global insurance audits. I moved back to the UK earlier this year.
What will you be doing now that you’re back in the UK?
I’m now leading the insurance audit practice across the regions. It’s such an exciting time to be working in insurance with so much going on. And I’m delighted to be based in Bristol, it’s such a vibrant city.
What have been the big drivers for change amongst your clients over recent years?
Before I moved to Canada, I led a team helping insurance clients to tackle change to their finance functions whether that was driven by accounting or regulatory change, or the desire to improve operational efficiency or quality.
Back in 2015/16 of course most of the focus was on preparing to report under the Solvency II regime – a huge change. Nowadays the focus is on IFRS 17 – the IASB’s longest running projects which has just come to fruition with the publication of the standard in May 2017. This remains the subject of lots of debate with bodies like the IASB’s Transition Resource Group and the European Financial Reporting Advisory Group, discussing the interpretations and implications of the new standard.
I’m leading the IFRS 17 campaign from a technical perspective for Deloitte in the UK, which is an exciting area to be involved in.
What are your plans for the future?
I look forward to serving our regional insurance clients and writing blogs on my views from time to time. I hope you find them helpful and informative - please do get in touch…
Andrew is an audit partner with 15 years’ experience in insurance industry audit and advisory work as a chartered accountant. In May 2016 Andrew joined the Canadian firm for a two year secondment to lead on the global audit of one of the firm’s largest insurance audits. He returned to the UK in 2018 to join the South FS audit practice and leading the regional insurance audit practice.