Technical Strategy Committees
ICAEW maintains a number of Boards and Committees to guide our work interacting with regulators, standard setters and legislators. This page provides information about the Boards and Committees that support our technical work.
Members volunteer their time to serve on these bodies and they play a key role in ensuring that we sustain a strong reputation and influence with those who set the standards and law that shapes our members’ work.
Chartered Accountants’ work is shaped by regulation, standards and law. As a professional body working in the public interest ICAEW helps legislators and standard setters to assess the impact of their proposals on businesses and the economy. This technical work is a core activity for ICAEW. To help us to do it we have significant support from many members who volunteer their time to serve on our boards and committees as well as supporting our work in other ways.
The experience and expertise that members bring helps us provide informed comment to standard setters, regulators and government. That helps them to develop standards and legislation that is fit for purpose. It also enables us to provide insight into a wide range of topics and policy areas affecting the profession, from public finances and responsible capitalism to social mobility and international leadership.
Boards and main technical committees
Technical strategy boardThis is the lead board for ICAEW’s technical strategy, reporting to ICAEW’s Board. It oversees ICAEW’s technical policy work; our thought leadership; and, our know-how resources for members. This board is primarily comprised of the chairs of the principal ICAEW technical committees.
Chair: Mark Rhys
Secretary: John Boulton
Technical Advisory Committee
National TAC is one of ICAEW’s oldest and largest committees. It functions as a forum for collecting the views of a wide variety of ICAEW members from different roles and locations around the UK on technical consultations of particular significance to members. There is a national TAC as well as a network of District TACs. Members wishing to keep up to date with the latest proposals ICAEW is responding to can find the current list on our consultations and representations pages.
About the committee
National TAC meets around five times per year in London to discuss the latest proposals for new standards or regulations. Members can join meetings via video-conference. The committee covers a variety of technical accounting issues; financial reporting and audit tend to predominate, but tax and other areas such as ethics are also considered where there are proposals of general interest.
We would like to hear from members who are interested in joining the committee. Specific technical knowledge is not a prerequisite. Members should have an interest in financial reporting or audit, as well as other general issues affecting the profession, or in learning more about these areas. We welcome members from practice, business and the academic community and from the full spectrum of entities from the smallest to the largest.
Contact firstname.lastname@example.org to find out more.
Chair: John Nolan
Secretary: John Boulton
Each faculty is overseen by a board that is responsible for the services the faculty provides to members and for shaping ICAEW technical policy in its area of specialism.
Audit & Assurance Faculty
The Faculty is at the forefront of developments in audit and assurance, helping its members stay on top of the latest updates and best practice. Its members are drawn from audit practices and organisations of all sizes both private and public sector. It makes representations to standard setters and government on auditing and assurance matters.
Chair: Gilly Lord
Business & Management Faculty
The Business and Management Faculty is ICAEW’s source of expertise on management.
It keeps its members up to date on the latest management thinking and gives them access to resources that give them the edge they need to excel in any management role. Members of the Faculty include CEOs, CFOs, Financial Controllers and a broad range of finance professionals in business.
Corporate Finance Faculty
The Corporate Finance Faculty is the voice of ICAEW on corporate finance. The faculty’s work includes responding to formal legislative change consultation processes, as well as many other influencing activities. It keeps its members up to date on the latest trends and developments in corporate finance and provides useful resources to help them in their work.
Chair: Mo Merali
Vice Chair: Maggie Rodriguez-Piza
Lord Tim Clement-Jones CBE
Find out more about the board on the faculty’s governance page.
Financial Reporting Faculty
The Financial Reporting Faculty helps guide members through the maze of current and emerging reporting requirements and provides them with high quality, up-to-date guidance and online resources. The Faculty is also responsible for formulating ICAEW policy on financial reporting issues and makes submissions to standard setters and other external bodies on behalf of ICAEW.
Financial Services Faculty
The Financial Services Faculty brings together stakeholders from across the sector to be a thought leader on financial reporting and assurance in financial services. It is responsible for representations on behalf of ICAEW on governance, regulation, risk management, auditing and reporting issues in financial services. Technical and practical information is provided to members working in banking, insurance, investment management. The Faculty draws on the expertise of its members and more than 25,000 ICAEW members involved in financial services.
Chair: Mike Morgan
Vice chair: Iain Cummings
The Tax Faculty is a centre for excellence and an authoritative voice for ICAEW on taxation matters, responding to consultations on potential changes to tax policy and practice. It offers guidance and support to help keep members on top of the ever-moving world of tax.
The Tech Faculty is responsible for ICAEW policy on issues relating to technology and the digital economy. The Faculty draws on expertise from the accountancy profession, the technology industry and other interested parties to respond to consultations from governments and international bodies.
Chair: Nicola Granger
Vice chair: Neil Christie
Sam De Silva
Other principal technical committees
Business Law committee
The Business Law Committee is responsible for reviewing and commenting on UK, EU and International legislation, regulation or codes affecting members’ professional work. The committee comprises both accountants and lawyers with an interest and expertise in how regulation and law affect the professional lives of ICAEW members. They are drawn from firms of differing sizes, representing both business and the public sector. The Committee is responsible for ICAEW policy on business law issues and representations to legislators, regulators and other external bodies.
Chair: Peter Hartland
Corporate Governance committee
The Corporate Governance Committee is responsible for corporate governance matters, including internal control and risk management. The Committee informs our thought leadership and policy work on corporate governance and is responsible for representations in this area to regulators and other external bodies. Its members are drawn from the business and investment communities as well as governance experts in practice.
Chair: Robin Freestone
Peter Vicary Smith
Ethics Standards committee
The Ethics Standards Committee is responsible for overseeing the ICAEW's ethics activities including the evolution of the ICAEW Code of Ethics. The committee coordinates ICAEW’s interaction with and representations to external bodies such as the International Ethics Standards Board for Accountants on matters relating to ethics. It works to identify emerging issues and areas of work on professional ethics that are relevant to members and ICAEW’s public interest perspective and acts as a source of expertise on ethics for other ICAEW boards, committees and departments. The committee comprises a combination of ICAEW members (and non-members with appropriate expertise) from business, practice and academia, and from different size organisations.
Insolvency Committee which is a technical committee made up of Insolvency Practitioners working in large, medium and small practices. The Committee represents the views of ICAEW licence holders.
The Sustainability Committee is responsible for overseeing the development and implementation of ICAEW’s strategy and policies on sustainability and for reviewing the sustainability aspects of subjects covered by other committees. It coordinates ICAEW interactions with and representations to government departments, official bodies, professional and trade associations and other external organisations on sustainability matters. The committee comprises a mix of ICAEW members and non-members with experience and interest in the area of sustainability and/ or systems change.
Chair: Andrew Ratcliffe
Dr Rodney Irwin
Research Advisory Board
The Research Advisory Board is responsible for advising on the selection and funding of academic research and events from the PD Leake Trust. The committee comprises a mix of members and non-members, including experienced accounting academics with a history of publishing in leading academic research journals, and practitioners with an interest in academic research and its relevance to practice.