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The ICAEW Certificate in Insolvency covers four key areas to ensure that students have a good grounding in the fundamentals of insolvency work and provides a basis for progression to a more advanced qualification in insolvency.

Specification grid

This grid shows the relative weightings of subjects and should guide the relative study time spent on each area.

Syllabus area Weighting (%)
The legal and regulatory framework for insolvency 15
Concepts and principles of insolvency 25
Corporate insolvency 40
Personal insolvency 20
Total 100

Legal and regulatory framework for insolvency - English law

  • Insolvency legislation and regulatory requirements
  • Role of courts
  • Joint Insolvency Committee
  • Statements of Insolvency Practice (SIPs)
  • Qualification requirements to be a licensed insolvency practitioner
  • Professional ethics

Concepts and principles of insolvency

  • Definition of insolvency
  • Types of insolvency
  • The insolvency practitioner
  • Impact on employees, creditors and other affected parties
  • Assets and transactions
  • Statement of affairs, other reports and estate accounting

Corporate insolvency

  • General concepts and processes
  • Voluntary liquidations (members and creditors)
  • Compulsory liquidations
  • Company voluntary arrangements (CVAs) and schemes of arrangement
  • Administration
  • Administrative and other receiverships
  • Turnaround and restructuring

Personal insolvency

  • General concepts and processes
  • Individual voluntary arrangements (IVAs)
  • Bankruptcy
  • Insolvent partnerships
  • Other solutions to personal insolvency problems (statutory and non-statutory)
Course syllabus

The ICAEW Certificate in Insolvency syllabus covers everything an aspiring insolvency and restructuring professional needs to know.

ICAEW certificate in insolvency syllabusICAEW Certificate in Insolvency for exams from 1 July 2022
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