You don’t have to be an ICAEW Chartered Accountant to qualify and be licensed as an insolvency practitioner (IP) with ICAEW. By choosing ICAEW as your single regulator, we can reduce the administrative burden and provide your current and future IPs with a wealth of benefits and support.
Whether you are applying for an IP licence with us for the first time, or you would like to transfer all your firm’s IP licences to us, our streamlined application process is efficient and straightforward.
If your firm has more than five IPs, you can appoint a central point of contact who we can liaise with for all your firm’s licenses and membership fees.
We offer two types of insolvency licence – an appointment-taking licence (for formal insolvency appointments) and a non-appointment taking licence. The latter provides a cost-effective way of protecting your investment in qualifying as an IP. It’s also straightforward to upgrade to an appointment-taking licence at a later date.
We also collect the Insolvency Service and the Department for the Economy (formerly DETINI) levies from our IPs.
Benefits of consolidating your insolvency licensing with ICAEW
- We work hard to understand our IP firms, which enables us to help and support you and your teams.
- We offer an unrivalled service to help ease the regulatory requirements of your firm – use one licensing body for all your insolvency needs.
- More than five IPs? You can appoint a central point of contact who we can liaise with for all your firm’s licences and membership fees.
- Your staff can apply for their JIEB exams and then register for their insolvency licence with ICAEW. You don’t have to be an ICAEW Chartered Accountant to qualify and be licensed as an IP with ICAEW.
We also offer the ICAEW Certificate in Insolvency – the most flexible insolvency qualification available. Find out more at icaew.com/insolvencycertificate
All ICAEW IPs, Certificate in Insolvency and JIEB students* benefit from the services and guidance available from ICAEW, the largest insolvency regulator in the UK.
- Free membership of our Restructuring and Insolvency Community and access to
free webinars, technical regional events and newsletters.
- Free helpsheets and checklists providing practical advice on a variety of topics including file reviews, internal controls and systems.
- Access to icaew.com/talkinsolvency – the news portal for the insolvency sector and insolvency practitioners regulated by ICAEW.
- Free technical helpline.
- Use of ICAEW specialist e-library resources, from articles and journals to industry guides.
- Discounted rates for our prestigious annual conference.
- Use of our distinctive ICAEW IP logo on promotional materials.
Broaden the knowledge of your teams with the ICAEW Certificate in Finance, Accounting and Business (CFAB). Find out more at icaew.com/cfab
We offer access to a number of communities which complement the work of IPs. Find out more at icaew.com/communities
- Meeting rooms are available at Chartered Accountants’ Hall in the heart of the City of London.
*JIEB students who register for their JIEB exams with ICAEW.
Visits to your firm
About six years ago we consolidated our various licences with ICAEW, as we felt it best-represented our interests at the regulatory level. ICAEW upholds the highest of standards in our industry, and it offers a level of support that we felt was not available elsewhere. Its reviewers are technically proficient, user friendly, commercial, and robust where required. In addition to this, their educational support is unsurpassed. We have also found the decision to consolidate to be very cost and time-effective, as we only have one quality and practice audit to undertake every three years, rather than several. We are most satisfied with our ICAEW licences and recommend similar ‘hybrid’ firms consolidate accordingly.
We chose ICAEW because we like their professional approach to regulation. The monitoring cycle is structured around the demands of our business and reviews are robust but fair, with potential issues signposted early in the process and no nasty surprises at the end. Most importantly, we feel we have a shared objective of improving quality, and are able to work collaboratively with ICAEW to meet that objective.
All our insolvency practitioners are licensed by ICAEW. We value the technical support ICAEW gives at roadshows, conferences and in webinars. When we want to discuss ethical issues the ICAEW helpline can be an invaluable sounding board ahead of a difficult decision about taking an case appointment or not. All being licensed by ICAEW minimises the disruption to a busy practice and means an efficient, fair and consistent approach to regulation.