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Regulations

The regulatory role of ICAEW is distinct from its representative role. This section explains how we maintain the highest standards of regulation and access to all the regulations and guidance available for ICAEW members, affiliates, students and regulated firms. You will also find guidance on how your firm can become authorised to undertake audit, investment business and probate work as well as how to become an ICAEW insolvency practitioner.

Audit

Information for current and future ICAEW registered auditors and responsible individuals.

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Consumer credit

ICAEW has arrangements in place which enable firms to provide consumer credit services

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Consumer credit

The DPB (Consumer Credit) Handbook sets out the regulations for firms to provide consumer credit services.

Practice Assurance

Resources to help firms comply with quality assurance standards.

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Practice Assurance

Our Practice Assurance scheme provides ICAEW members working in practice with a framework of principles-based quality assurance standards. These resources will help firms develop appropriate procedures and guidance to enable them to comply with the standards.

DPB (Investment Business) licence

Information for members and firms with a DPB (Investment Business) licence.

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Insolvency

Information on insolvency licensing.

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SIPs, regulations and guidance

Insolvency is a regulated profession and insolvency practitioners must meet certain standards. They must comply with the law, statements of insolvency practice (SIPs), the insolvency Code of Ethics and ICAEW’s insolvency regulations. We also issue guidance to assist insolvency practitioners.

Legal services including probate

Probate regulation and ICAEW’s application to regulate and license further reserved legal services.

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ICAEW's application to regulate and license further reserved legal services

We have applied to the Legal Services Board (LSB) to become an approved regulator and licensing authority for the further reserved legal services of: conduct of litigation*; rights of audience*; reserved instrument activities*; notarial services; and administration of oaths.

Probate services

ICAEW is an approved regulator and licensing authority for probate services. This enables us to accredit firms to offer probate services to their clients. Here we explain the benefits of accreditation and the application process, provide support for accredited firms and also information for consumers including a register of ICAEW accredited for probate firms.

Become a licensed practice

Information for licensed practices and the ATOL Reporting Accountants scheme.

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Licensed Practice scheme

Find out what is licensed work and how your firm can become a licensed practice.

Local audit

ICAEW is responsible for the licensing, registering and monitoring of auditors who wish to carry out audits of local public bodies.

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Local public audit in England

ICAEW is now responsible for the licensing, registering and monitoring of auditors who wish to carry out audits of local public bodies. This page explains what accountancy firms and individuals need to do to become a registered local auditor under the Local Audit and Accountability Act 2014.

Anti money laundering

Information about AML supervision and regulations.

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Anti-money laundering supervision

This page explains which firms must be supervised to make sure that they comply with anti-money laundering legislation.

Bye-laws

Information on ICAEW’s governance, including the Principal Bye-laws.

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Bye-laws

ICAEW was incorporated by Royal Charter in 1880 and granted a Supplemental Charter in 1948. This section contains documents relating to ICAEW’s governance, including the Principal Bye-laws that regulate ICAEW’s affairs.

Complaint and disciplinary regulations

Information on complaint, disciplinary and fitness processes and regulations.

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Complaints, disciplinary and fitness processes and regulations

This section sets out the processes and regulations for the investigation of complaints, disciplinary action and appeals. It also sets out the duties of members and firms to report and investigate misconduct, and the process that applies in fitness cases.

Educational films

High-quality training tools that provoke discussion and challenge mindsets.

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ICAEW educational films

Develop skills to identify risk, technical competence and professional scepticism.

Ethics

Our Code of Ethics.

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Code of Ethics

ICAEW members are expected to demonstrate the highest standards of professional conduct and to take into consideration the public interest. Ethical behaviour plays a vital role in ensuring public trust in financial reporting and business practices and upholding the reputation of the accountancy profession.

Fees for regulated areas

Information about fees for regulated areas and affiliate fees.

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Fees for regulated areas and affiliates

Find out more about the fees for affiliates, audit, DPB (Investment Business), insolvency, Licensed Practice scheme and probate work.

Requirements of ICAEW membership

Members' registrar, fees and subs, ACA students, FCAs, Pathways and practice management.

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Membership

Members are required to supply certain information to the members’ registrar and to pay annual fees and subscriptions. These matters are governed by regulations. There are also regulations relating to ACA students, becoming an FCA or becoming a member through Pathways.

Members in business

83 of FTSE 100 companies have an ICAEW member on their board and our members work as accountants in businesses across the world. They have to comply with many of the same regulations as members in practice: the duty to report misconduct, the Code of Ethics and CPD regulations. This section also contains advice on responsibilities relating to defaults and unlawful acts encountered in professional work; accountants and legal services; and acting as a trustee or director.

Qualifications and training

Information for students and employers, on eligibility, assessment and designatory letters.

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Qualifications

Regulations cover such matters as eligibility, credit for prior learning, assessment, misconduct and designatory letters.

Training and education

This section contains regulations that apply to students and employers. It also includes the continuing professional development regulations with which all ICAEW members are required to comply.

Tax regulations

Information on tax and professional conduct.

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Tax

Tax regulations guidance and standard

A-Z

A-Z listing of regulations, standards and guidance.

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A - Z

A-Z listing of regulations, standards and guidance online.