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Practice Assurance definitions

Definitions relating to Practice Assurance regulations.

A

annual return

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annual return

The return sent to member firms and PC holders by ICAEW requesting information for the purposes of the PA scheme.

B

business days

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business days

Normal working days excluding Saturdays, Sundays, Public and Bank holidays.

C

committee

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committee

The committee appointed by Council in connection with the PA scheme.

D

E

F

G

H

I

J

K

L

M

N

O

P

PA contact principal

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PA contact principal

A person appointed by the member firm to be the main point of contact with ICAEW for the purposes of the PA scheme and in connection with these regulations.

PA reviewer

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PA reviewer

The person or persons appointed by ICAEW to visit member firms and PC member.

PA scheme

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PA scheme

The scheme, system or arrangements for the inspection, monitoring and review of the efficiency and competence of member firms and PC holders made under sub-clause 1(b) (viiiB) of the Supplemental Charter.

PA standards

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PA standards

The principles-based standards issued in conjunction with the PA scheme.

PC holder

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PC holder

A member holding a practising certificate.

PC member

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PC member

PC holder engaged in public practice in a firm which is not a member firm.

Q

R

S

T

U

V-Z

visit

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visit

The visit to a member firm or PC member by a PA reviewer.

visit date

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visit date

The date or dates specified in the visit notice.

visit notice

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visit notice

A notice specifying a date or dates for a visit served on the member firm or PC member; such notice may include a description (whether in specific or general terms) of the information and records required during the visit.

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