ICAEW.com works better with JavaScript enabled.

Your insolvency compliance review

Contents
Guidance to support ICAEW-licensed insolvency practitioners and their staff in meeting the ICAEW requirement (under Insolvency Regulation 3.13) to complete an annual insolvency compliance review (ICR). Resources include, helpsheets, forms and checklists to help you plan and carry out your ICR.

Please see our disclaimer below before accessing these documents.
These downloadable forms have been produced to support insolvency practitioners in completing their ICR.
Annual insolvency compliance review helpsheet
  • DOCX (152kb)
This helpsheet for insolvency practitioners (IPs) gives guidance on meeting ICAEW’s requirement for an annual insolvency compliance review (ICR).

Useful forms to complete a compliance review

These downloadable forms have been produced to support insolvency practitioners in completing their ICR.
Eligibility and cold file review strategy helpsheet
  • DOCX (64kb)
This helpsheet can be used as part of an IPs insolvency compliance review. It can be used to document continued eligibility for authorisation and your cold file review strategy. There are detailed checklists available for any cold file reviews which can be accessed below in the section 'further support'.
Analysis of caseload form
  • XLSX (15kb)
Analysis of caseload form (excel spreadsheet)
SIP 11 Checklist: annual review of financial controls and safeguards
  • DOCX (61kb)
This checklist can be used to support insolvency practitioners in carrying out a SIP 11 review.

Further guidance

*Please see our disclaimer below before accessing these documents.
Guidance on personal insolvency casework
  • 23 May 2011
Resources to support insolvency practitioners in undertaking formal personal insolvency appointments under the Insolvency Act 1986 (and associated legislation), providing information about the types of personal insolvency that may assist individuals experiencing debt problems, and guidance on bankruptcy and individual voluntary arrangements.
Guidance on corporate insolvency casework
  • 23 May 2011
The resources in this section support the work of ICAEW licensed insolvency practitioners and their staff who undertake formal corporate insolvency appointments under the Insolvency Act 1986 (and associated legislation). Guidance and checklists providing information on: liquidations (voluntary and compulsory), company voluntary arrangements (CVAs), administrations, moratoriums and administrative receiverships.
Exclusive Month one review form
  • 11 Feb 2015
  • DOC (79kb)
Compliance review month one review form
Exclusive Six monthly file review form
  • 07 Mar 2013
  • DOC (121kb)
Compliance review six monthly file review form

Disclaimer: helpsheets and checklists

This guidance is designed to support the work of ICAEW licensed Insolvency Practitioners and their staff.

Our helpsheets provide support on the preparation of insolvency compliance reviews, on running insolvency practices, as well as technical help. The helpsheets will also help you to comply with the requirements of ICAEW’s insolvency licensing regulations and guidance.

Our personal and corporate insolvency checklists may be useful when you review your formal appointments. They're not an exhaustive statement of the law and best practice but they give staff with insolvency experience the key areas to consider.

ICAEW doesn’t give any guarantee or warranty regarding the accuracy of the checklists or helpsheets none of which should be treated as a substitute or replacement for the user’s own knowledge or legal advice.

Open AddCPD icon