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Apply to serve on an ICAEW regulatory or disciplinary committee

Regulations

Published: 08 Sep 2022 Updated: 08 Sep 2022 Update History

All significant decisions on regulatory and conduct matters are made by ICAEW regulatory and disciplinary committees. These committees operate independently from ICAEW staff and comprise of a parity of lay and chartered accountants with a lay chair who has a casting vote. This maintains an important balance of technical insight from the chartered accountant members and public interest insight from the lay members.

Members of the regulatory and disciplinary committees are appointed by the Regulatory and Conduct Appointments Committee (RACAC) which has a majority of lay members and a lay chair, and which reports to the ICAEW Regulatory Board (IRB).

ICAEW regulatory and disciplinary and regulatory committees support the operation of the Professional Standards Department. The department is responsible for developing, maintaining and supporting high standards of practice and professional conduct.

To achieve a clear separation of responsibility for policy making and enforcement, members of the ICAEW Council cannot serve on any of these committees.

The committees

Statutory regulation

The following committees are responsible for regulatory matters.

  • The Audit Registration Committee
  • The Investment Business Committee
  • The Insolvency Licensing Committee
  • The Probate Committee
  • The Professional Indemnity Insurance (PII) Committee
  • The Review Committee

Other committees and boards

  • The Practice Assurance Committee
  • The Chartered Accountants Compensation Scheme Board

Discipline

The following committees are responsible for disciplinary matters.

  • The Investigation Committee
  • The Disciplinary Committee
  • The Fitness Committee

Appeals

The Appeal Committee hears appeals from either the Review Committee or the Disciplinary Committee.

Access further information about ICAEW Regulatory and Disciplinary committees

Access the ICAEW Regulatory and Disciplinary committees structure

Serving on a regulatory or disciplinary committee

Each committee meets between three and twelve times a year. Pre-reading and preparation ahead of each meeting is required. Meetings usually take place either at Chartered Accountants’ Hall, London or virtually.

Current vacancies

This candidate information pack provides further information regarding the role of each committee and the recruitment selection process. Please download and complete an application form for each role you would like to apply for and send it to CommitteeRecruitment@icaew.com. This address can also be used for general enquiries relating to committee recruitment.

Current vacancies and application forms are available in the table below. If you are applying as an accountant member, you may submit your CV and a covering letter as an alternative to the application form. 

Committee/board  Role Eligibility criteria Application deadline 
Probate Committee 2 lay members

Probate Committee – lay member application pack

applications suspended
Probate Committee 2 accountant/technical members Probate Committee – accountant member application pack applications suspended
Disciplinary Committee 1 accountant member Disciplinary Committee – accountant member application pack applications suspended
Appeal Committee 1 accountant member Appeal Committee – accountant member application pack
applications suspended
Investigation Committee 1 accountant member Investigation Committee – accountant member application pack
applications suspended
Investment Business Committee 2 accountant members Investment Business Committee – accountant member application pack applications suspended
Insolvency Licensing Committee

1 accountant member (Insolvency Practitioner)

Insolvency Licensing Committee – accountant member application pack applications suspended
Insolvency Licensing Committee 1 lay member Insolvency Licensing Committee – lay member application pack applications suspended
Audit Registration Committee 1 accountant member Audit Registration Committee – accountant member application pack applications suspended
Audit Registration Committee 1 lay member Audit Registration Committee – lay member application pack applications suspended
Practice Assurance Committee 1 accountant member Practice Assurance Committee – accountant member application pack applications suspended
Chartered Accountants Compensation Scheme Board Chair

Must not be a principal in a DPB licensed firm or a former authorised or licensed firm.

Please forward your CV (including your membership number) and an expression of interest for consideration to committeerecruitment@icaew.com

 15.11.22
Chartered Accountants Compensation Scheme Board 2 directors Must not be a principal in a DPB licensed firm or a former authorised or licensed firm.

Please forward your CV (including your membership number) and an expression of interest for consideration to committeerecruitment@icaew.com 
 15.11.22
All committees ICAEW members We are always keen to hear from ICAEW members with expertise in audit, probate, insolvency, tax and any other relevant areas of practice. If you have the experience to help us maintain and support high standards of practice and professional conduct and would like to serve on a regulatory or disciplinary committee, we’d be delighted to hear from you.

Please forward your CV (including your membership number) and an expression of interest for consideration to committeerecruitment@icaew.com 
 applications suspended

What do we mean by a lay member?

An individual who is not and never has been a member, affiliate or employee of ICAEW or any other accountancy body. To enhance public confidence in the regulatory process, further relevant restrictions may be appropriate for each committee. Preference is given to individuals who are users of accountancy services.

Clean regulatory and or disciplinary history requirement

It should be noted that all applicants should have a clean regulatory and/or disciplinary history.

Post-appointment

Appointment and tenure of office

Committee members are usually appointed to each committee for a three-year term. Reappointment can be made at the end of the first term for another three years, subject to consistently high performance and the needs of ICAEW. Each reappointment will be considered, it is not automatic. 

 

Remuneration

Lay committee members receive an allowance of £350 for attendance at committee meetings and for each day of a hearing or committee meeting. This includes full hearings or meetings which members attend using teleconferencing facilities.

From 1 January 2023, ICAEW and accountant members will also be remunerated at the same rate.

All committee members are eligible to claim expenses, at rates set centrally, for travel and subsistence costs necessarily incurred on ICAEW business. These will be reimbursed directly, and committee members must make their own arrangements for any payment of tax or National Insurance contributions. Remuneration and expenses are subject to periodic review.

 

Training

We will provide appropriate training. Each successful candidate must attend an induction and the annual committee training day on dates to be arranged, as soon as possible after appointment. Successful candidates will be invited to observe a committee meeting before taking up their duties as a committee member. 

 

High standards

Committee members are expected to demonstrate high standards of corporate and personal conduct. The successful candidates will be asked to subscribe to a Code of Conduct and the standards of probity required by public appointees.

Committee members are expected to fulfil their duties towards ICAEW in accordance with the following principles, which are based on the Royal Charter and the ICAEW Code of Ethics

Diversity and equality of opportunity

We are committed to diversity and inclusion. We believe that the profession, and our own organisation, does best when it reflects the society we serve. We are focused on promoting a fair opportunity for all. Appointments at ICAEW will always be made on merit. We recognise that we are currently underrepresented in some areas, and we particularly encourage applications from people from ethnic minority backgrounds. If you don’t have previous panel experience, please don’t let that discourage you from applying. We recognise the value that different backgrounds, work and life experience brings and therefore value experience from a range of different career sectors.

Further information