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ICAEW regulatory round-up: May 2021

Author: ICAEW Insights

Published: 24 May 2021

This month’s regulatory content includes updates to quality assurance monitoring and regulatory support during COVID-19, the publication of the ICAEW Regulatory Board Annual Report and news of two SIP updates.

COVID-19 quality assurance monitoring and regulatory support: read about the latest changes to monitoring procedures and how ICAEW can help.

Regulation and conduct through difficult times: The recently published ICAEW Regulatory Board (IRB) Annual Report 2020 highlights the hard work and efforts to maintain minimal disruption to ICAEW’s regulatory and disciplinary work, despite the most unusual of years. Chair of the IRB Michael Caplan QC discusses the report and the role of the IRB.

SIP 9 FAQs: Following a Joint Insolvency Committee consultation, changes were made to Statement of Insolvency Practice 9 with effect from 1 April 2021. We (ICAEW, IPA, ICAS and CAI) provide our collective thoughts on the applied impact of the changes.

ICAEW’s new Regulation and Conduct LinkedIn page: ICAEW’s new regulatory page will share updates and developments as well as reminders of some of the resources available to ICAEW regulated firms, insolvency practitioners and members. Follow the page for the latest updates.

Social media: the hidden risk of professional misconduct: As the pandemic further blurs the lines between our work and personal lives, how can firms and individuals reap the benefits of social media while ensuring the highest standards of professional conduct?