Examples of what is categorised as being "accountancy and finance work" in relation to ICAEW's CPD Regulations, which require members undertake a minimum amount of professional development each year.
Any work that you do that relates to the profession of accountancy is likely to be considered accountancy and finance work.
The scope of such activity is wide and would include work undertaken in practice and outside of practice, such as working in the finance department or the management of a business, charity or public sector organisation.
If you are in any doubt whether your work is accountancy or finance, it is highly likely that it is.
The services listed below would be considered examples of accountancy or finance work.
Please note: this list is not exhaustive.
Business advice
- Valuing businesses, shares and related instruments and intangible assets
- Expert witness services where these are related to accountancy or reserved services
- Insolvency appointments
- Corporate finance advice, including debt advisory, growth finance, and reorganisations/restructuring
- Transaction services, including due diligence
- Management consulting on accountancy activities
- Data analytics and management information
Financial and non-financial management
- Preparation or review of cashflows and budgets
- Business funding advice
- Due diligence
- Preparation or review of business plans
- Treasury
- Financial planning and analysis
- Investor relations
- Finance systems transformation
- Private equity, such as investment manager
- Product control
- Preparation of non-financial management information, such as carbon emissions
Other
- Reserved legal services, such as probate
- Acting as an administrator of a trust or a will
- Estate administration
- Training and coaching accountancy firms and students
- Compliance services including file reviews supplied to firms of accountants
- Regulatory role, such as working at a professional body or oversight regulator
- Accountancy technical role or accountancy professional body role
- Compliance or risk-management/quality-control role within an accountancy organisation
- Consultancy services to accountants and accountancy firms
More information
Find out more about ICAEW's CPD requirements and read definitions of the types of entities, roles and concepts used within the categories.
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Update History
- 03 Aug 2023 (12: 00 AM BST)
- Addition of consultancy services to 'other'.