This Technical Release has been produced to expand upon the guidance given in TECH04/16BL. Nothing included in TECH04/16BL has become inappropriate, but further discussions with the Registrar have clarified some of the provisions of the legislation and their interpretation. For this reason, TECH04/16BL has been withdrawn with immediate effect and replaced with TECH01/17BL.
This Technical Release provides guidance on realised and distributable profits under the Companies Act 2006 (as amended) (the Act) and all relevant statutory instruments made under the Act. Its purpose is to identify, interpret and apply the principles relating to the determination of realised profits and losses for the purposes of making distributions under the Act. It is based on the guidance previously issued as TECH 02/10 in October 2010 but has been updated as proposed in TECH 05/16 which was issued for comment in March 2016.
TECH 01-16BL Accountants and legal services
TECH09/15BL Managing the professional liability of accountants
Guidance on the application of company law on distributions to charitable donations to their parent made by UK subsidiaries of registered charities.
Guidance on the conduct of a review engagement in the context of a report on the annual statement of service charge expenditure
Guidance issued by the Business Law Committee of ICAEW on the implications of the decision in the English legal case of Prince Jefri Bolkiah vs. KPMG. It replaces TECH 04/00 ‘Conflicts of Interest and Confidentiality’ which has been withdrawn
Guidance issued by the Business Law Committee of ICAEW on the specific issues faced by professional accountants in practice and practising firms when handling personal data (client data) provided by clients. It supersedes TECH 07/04 (The implications of the Data Protection Act for major practice streams) which has been withdrawn with immediate effect.
Guidance has been issued by the Pensions Committee of the Institute of Chartered Accountants in England and Wales on audit reports to Trustees on the accounts of pension schemes prepared for segregation under the Pension Protection Fund Multi – Employer Regulations. The guidance has been produced after discussions with the Pension Protection Fund.
ICAEW’s Company Law Subcommittee provides guidance on audit exemption by parent guarantee.