Insolvency annual return and monitoring

Firms with an insolvency practitioner licensed by ICAEW are required to submit an annual return. The Quality Assurance Department (QAD) conducts insolvency monitoring visits to practitioners.

Annual return

Those firms with an insolvency practitioner licensed by ICAEW to accept appointments will be asked, on an annual basis, to complete a return relating specifically to insolvency work.

Insolvency monitoring visits

QAD conducts insolvency monitoring visits to practitioners licensed by ICAEW to accept insolvency appointments.

Most of the insolvency practitioners we visit are selected on a random basis, with a maximum period of six years between visits. However, some visits may arise from a review of the firm's insolvency annual return or because other information (such as a recent complaint) has come to our attention.