The government has plans to tokenise financial markets. What exactly is tokenisation? What might it look like in practice and what are the big questions about it that still need answering? Polly Tsang, ICAEW’s Senior Financial Services Regulatory Manager, explains.

After that, audit reports: ICAEW has created the Auditor Reporting Lab, alongside audit firms, to encourage modernisation in the market. KPMG Partner in Professional Practice, Accounting & Reporting, Pamela Taylor, has been thinking hard about how to make them more useful and more user-friendly.

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Links

• ICAEW: What is tokenisation, and what are the challenges for accountants? - https://www.icaew.com/insights/viewpoints-on-the-news/2026/may-2026/what-is-tokenisation-and-the-challenges-for-accountants
• Government tokenisation announcement - https://www.gov.uk/government/news/uk-fintech-backed-to-embrace-future-payments-technology
• FCA call for input on the future of tokenisation - https://www.fca.org.uk/publications/calls-input/future-tokenisation-joint-vision-authorities-uk-wholesale-markets
• ICAEW: Digital Assets Conference - https://www.icaew.com/learning-and-development/events/digital-assets-conference
• ICAEW: Auditor Reporting Lab - https://www.icaew.com/policy-and-research/thought-leadership/audit-and-assurance-thought-leadership/auditor-reporting-lab
• ICAEW: Rethinking the auditor’s report - https://www.icaew.com/policy-and-research/thought-leadership/audit-and-assurance-thought-leadership/auditor-reporting-lab/rethinking-the-auditors-report
• ICAEW: Audit and Assurance Conference - https://www.icaew.com/learning-and-development/events/audit-and-assurance-conference
• ICAEW podcasts - https://www.icaew.com/insights/podcast

Host
Philippa Lamb

Guests
Polly Tsang, Senior Financial Services Regulatory Manager
Pamela Taylor, Partner in Professional Practice, Accounting & Reporting, KPMG

Producer
Natalie Chisholm

Series Lead
Mark Rowland

Episode first published: 3 June 2026
Podcast recorded: 19 May 2026