This section contains material relating to running your practice rather than specific client services such as audit. It includes the PII regulations, clients’ money regulations and anti-money laundering regulations. Also included are the Code of Ethics and Practice Assurance standards and regulations.
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Guidance on those areas that may require a lawyer to be engaged.
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The basic principles to follow when acting as a trustee.
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Guidance on the prevention of money laundering and the countering of terrorist financing.
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Guidance for sole practitioners on finding solutions to the problems that might arise in the event of their incapacity or death.
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Firms that receive or hold clients' money must do so in accordance with these regulations.
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These concern when a director can engage in public practice.
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This statement clarifies what is meant by 'engaging in public practice' for the purposes of holding a practising certificate.
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Guidance for members in practice on which documents the member owns; how long documents should be kept; if the client owns the documents, whether the member always has to hand them over; and the member's obligations to allow others access to documents.
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ICAEW holds a licence that permits specified persons and/or businesses to carry out the credit – and/or ancillary credit - activities specified on the licence, under cover of that licence.
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Guidance to help members manage their risk of potential liability because of an act or omission resulting in financial loss.
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Guidance on the choice of name for a practice and on the information that should appear on the notepaper and documents used for communicating with clients or other parties.
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Guidance to help firms interpret and follow the four principles-based standards with examples of best and acceptable practice.
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Practising certificate holders and ICAEW member firms are required to comply with these regulations.
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All members who wish to engage in public practice must comply with these regulations.
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Professional indemnity insurance is compulsory for all ICAEW members who have a practising certificate and are engaged in public practice.
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Regulations setting out when a member firm may describe itself as 'chartered accountants'; and the procedural rules for a principal who is not a chartered accountant to become a general affiliate.