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Regulation

We protect the public interest by making sure our firms, members, students and affiliates maintain the highest standards of professional competency and conduct. ICAEW’s regulatory and disciplinary role is independent of membership activities so we can monitor, support or take steps to ensure change if these standards are not met. This section explains how we maintain the highest standards of professional conduct and access to the regulations and guidance.

ICAEW Regulatory Board

An independent board, The ICAEW Regulatory Board (IRB) is responsible for overseeing ICAEW’s Professional Standards’ Department and the statutory regulatory role of ICAEW. And, to further protect the public interest, at least 50% of the IRB and the regulatory and disciplinary committee members are non-accountants. This governance structure and over 130 years of regulation expertise ensures we maintain the highest professional and ethical standards within the accountancy profession in a fair, accountable, consistent and transparent manner.

ICAEW Codes and Regulations

ICAEW students, members, affiliates and firms are expected to demonstrate the highest standards of professional conduct and abide by these regulations and codes.

ICAEW Code of Ethics

Applies to all members, students, affiliates and, where applicable, member firms and employees.

Training regulations

This section contains regulations that apply to students undergoing training and sponsoring employers, including Continuing Professional Development Regulations.

Professional conduct

Complaints

How to make a complaint, how we handle complaints, your duty to report misconduct and what you need to do if you are the subject of a complaint.

Statutory regulated services overseen by ICAEW

ICAEW’s Professional Standards Department authorises and monitors members, firms and affiliates to undertake areas of work regulated by law.

Audit

Firms working in the regulated area of audit must comply with the Audit Regulations and Guidance.

Local Public Audit

Local government and health bodies can procure and appoint their own auditors. We license, register and monitor auditors who carry out these audits.

Probate and estate management

As an approved regulator and licensing authority for probate services, we accredit firms to offer probate services to clients.

Insolvency

ICAEW is the UK’s largest insolvency regulator. ICAEW Chartered Accountants and non-ICAEW members can qualify and be licensed as insolvency practitioners with us.

DPB (Investment Business) licence

This licence allows ICAEW firms to conduct restricted investment business which is incidental, complimentary and arising out of the firm's professional services.

Consumer credit

Arrangements which allow ICAEW firms to provide consumer credit services.

Regulations for ICAEW practice members and firms

These regulations and frameworks are relevant to ICAEW Chartered Accountants working in accountancy firms and to the firms we monitor and supervise.

Practice Assurance scheme

Provides ICAEW members working in practice with a framework of principles-based quality assurance standards.

Licensed practices

ICAEW licensed firms carry out ATOL reporting services for ATOL travel companies.

Additional guidance and support

Educational films

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

Helpline

Our Technical Advisory team can help with technical, careers and ethics advice.

Helpsheets

Access technical helpsheets, ethical guidance and practice resources by topic.

A to Z

Listings of regulations, standards and guidance.