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 For this reason, TECH04/16BL has been withdrawn with immediate effect and replaced with TECH01/17BL.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.
This statement was issued in January 2016 to provide guidance to Members in practice on the provision of legal services to their clients, whether directly or in conjunction with a law firm, and the legal and regulatory conditions which may apply. The guidance reflects the provisions of the Legal Services Act 2007 (the Act) and other law, as at the date of issue. All previous guidance on this subject has now been withdrawn with immediate effect.
The purpose of this guidance is to assist members in managing their risk of liability to clients and third parties. First issued in February 2011, updated in October 2015
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 It replaces TECH 04/00 ‘Conflicts of Interest and Confidentiality’ which has been withdrawn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 It supersedes TECH 07/04 (The implications of the Data Protection Act for major practice streams) which has been withdrawn with immediate effect.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.
This Technical Release provides guidance on the exemption from audit under s479A-479C of the Companies Act 2006 (the Act) for companies. Equivalent provisions are in place for LLPs.