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London, UK - 3rd December 2024: Former ICAEW Chief Executive Michael Izza CBE has been appointed as a Strategic Adviser of leading Digital Audit platform Inflo, as the business continues to scale in the UK, U.S., and international markets.
Izza led the ICAEW for over 17 years, navigating the 2008 financial crisis and COVID pandemic during his tenure, before retiring in March 2024. He was appointed CBE in the King’s Birthday Honours in June for his services to accounting, audit and sustainability. Having grown the ICAEW’s membership and established it as a professional body of truly global standing, Izza is known for being a leading ambassador for the Chartered Accountancy profession, building its influence in public life, wider society, and the economy.
As a Strategic Adviser for Inflo, Izza will support the leadership team by sharing his industry expertise and insights, focusing on the transformative role of technology in shaping the future of accountancy. Recognised as a leader in the reform of audit and corporate governance, Izza will also bring valuable insight on regulatory developments to Inflo’s Board.
“I am thrilled to join Inflo as a Strategic Adviser and become part of advancing the relevance of audit services to the modern corporate world,” commented Izza. “One of the industry movements that fascinates me is the direction in which technology is taking the accounting profession, and Inflo is at the forefront of this shift. I have been highly impressed with the Inflo team, the platform they have developed, and the way firms have embraced their offering. This is an exciting time for accounting firms to harness technology to reshape the role of accountants.”
As ICAEW members, the Inflo founding team previously worked with Izza in his capacity as ICAEW CEO. The partnership formed to create client scenarios for the Chartered Accountancy exam was a global first, with the Inflo platform embedded into ICAEW ACA exams to help students build skills in emerging technologies.
2024 has been a significant year for Inflo. The business recently announced several major growth milestones including 254% year-on-year increase in revenue in the U.S. market, and multiple new deals with Top 100 firms. Audit firms of all sizes are increasingly moving to its cloud-based Digital Audit platform, leaving behind the limitations of legacy desktop software and dated methodologies - unlocking significant efficiencies, improving quality as well as the experiences for both clients and staff along the way.
Inflo’s co-founder and CEO, Mark Edmondson, said: “Michael has been an outstanding ambassador for the accountancy profession for many years. He has an incredible track record of navigating change and visualising the future to drive progress.”
“We have always placed a huge emphasis on our team having strong experience in audit and accounting. Michael’s relationships, knowledge, and reputation greatly adds to this. We’re demonstrating here our commitment not just to providing market-leading software, but also the experience to support firms of all sizes with their digital transformation. We are honoured to welcome Michael to our organization.”
Izza added: “The way in which Inflo is focused on elevating the audit experience and making auditing more attractive for the accountants of today, and the future, really appeals to me. I look forward to working closely with Inflo’s talented team to ensure the continued success of this exciting tech growth story.”
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About Inflo
Inflo is committed to elevating the audit experience and making auditing more attractive for the accountants of today, and the future. We do this through providing a cloud-based, data-driven digital audit platform, including workpapers, audit methodology content, data analytics, data ingestion, client collaboration, and quality management solutions. We also make available a team of experienced auditors to help accounting firms realize the gains possible from modern technology. Learn more at https://www.inflosoftware.com/.