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ICAEW Certificate in Insolvency regulations

The requirements for candidates who wish to gain the ICAEW Certificate in Insolvency.

Effective from 1st March, 2010. ICAEW Certificate in Insolvency Regulations


1. To sit the assessment for the ICAEW Certificate in Insolvency, a student or existing ICAEW member:
  • is not required to have attained an educational level before registration unless it is required under eligibility conditions for regulation 1(b)iii;
  • must be registered with ICAEW as a student for the:
    • ICAEW Certificate in Insolvency;
    • Certificate in Finance, Accounting and Business; or
    • ACA qualification;
  • must have completed an application in such format as prescribed by the Committee;
  • must be fit and proper and to this end have advised ICAEW in writing of any criminal convictions or disciplinary record with any current or previous membership bodies or any matters under investigation;
  • must have paid the fees set by the Committee.
2. The Committee may refuse to register a student for the ICAEW Certificate in Insolvency if any disciplinary proceedings or matters under investigation cited under regulation 1(d) are deemed by the Committee to bring into question a student's fitness and propriety.

Credit for Prior Learning

3. A student may not be awarded Credit for Prior Learning for the ICAEW Certificate in Insolvency.

Assessment attempts

4. A student must register with ICAEW before applying for or sitting the ICAEW Certificate in Insolvency assessment.
5. Students are permitted a maximum of four attempts at the assessment for the ICAEW Certificate in Insolvency.
6. It is the student's responsibility to enter for the assessment at an ICAEW-approved assessment centre.
7. Attempts taken at the ICAEW Certificate in Insolvency do not count towards the four attempts allowed at assessments for the Professional Stage of the ACA (i.e. in cases where existing or former CFAB or ICAEW Certificate in Insolvency students register for the ACA).
8. An assessment attempt is defined as where a student enters for and attends an individual assessment and has sight of the content of that assessment.
9. It is not an assessment attempt when the following occurs:
  • the student enters for an assessment and is absent;
  • the student enters for an assessment and withdraws prior to the assessment;
  • where an assessment cannot be completed and/or result determined due to system failure or exceptional event beyond the ICAEW's control.

ICAEW-approved assessment centres

10. Students should be seated at ICAEW-approved assessment centres 30 minutes prior to the start of the assessment in order to carry out administrative tasks.
11. Students will be assigned seating when they arrive for the assessment.
12. Students arriving late will not be admitted and will be required to re-book the assessment. This will not be counted as an attempt, but may incur a penalty fee.

Assessment conduct

13. Students may not leave the assessment centre during an assessment and return unless accompanied by an invigilator.
14. Students must at all times follow the instructions of the invigilator. Failure to do so will be considered misconduct.
15. All mobile phones, pagers or any other device capable of transmitting, storing or receiving information must be handed to the invigilator before the assessment and may not be accessed in the assessment room.
16. Students may not remove any materials provided at the assessment centre.
17. If a student is ill or suffers from any other circumstance that may affect performance during the assessment, they should report this to the assessment centre administrator.

Assessment identification

18. A student is required to show two forms of identification in the assessment centre, one of which must contain an identifying photograph.
19. The following are acceptable as photographic identification:
  • a current passport;
  • company identification card containing photograph and signature;
  • driving licence containing photograph and signature;
  • a local national identity document containing photograph and signature.
20. Signature identification may take the form of the above or other formal document or card (for example a debit/credit card).
21. A student must obtain adequate means of identification before the assessment.

Materials Permitted in Assessment Centre

22. Any personal belongings such as briefcases, laptops, pagers, mobile phones, calculators, revision notes or written material of any kind must be left in an area designated by the invigilators. Mobile phones and other electronic communication devices must be switched off and may not be accessed during an assessment.
23. Assessment-specific materials are provided for each assessment at the assessment centre and no other equipment will be allowed into the assessment centre.
24. Use of any materials brought into the assessment other than those allowed will be considered misconduct (see regulation 32).
25. Students may not take their own calculators into any assessment. A scientific calculator, as well as an on-screen calculator, will be provided for use in the assessment.
26. ICAEW reserves the right to change, amend, remove or vary at any point the materials permitted in an assessment.

No texts in assessment centre

27. There are no permitted texts for the ICAEW Certificate in Insolvency assessments. Any necessary information will be provided on screen at the assessment venue.

Alternative assessment arrangements

28. ICAEW complies with the Equality Act 2010 for assessment provision. Students should notify ICAEW immediately upon registration so that their needs may be considered.
29. ICAEW provides the facility for candidates to request alternative exam arrangements due to short-term or long-term indispositions.
30. Applications for alternative exam arrangements must be made to ICAEW at least 90 days prior to the student's planned assessment date.


31. ICAEW will not be liable for any loss, theft or personal damage to any items brought in to or left outside an assessment centre.


32. Engaging in any activity likely to give an advantage to any student will be considered misconduct. Examples of this may include (but are not limited to):
  • cheating, i.e. failing to comply with the rules governing assessments;
  • colluding, i.e. assisting another candidate to gain an advantage by any means, facilitating or receiving such assistance;
  • fabricating, i.e. misleading or attempting to mislead the examiners by presenting work for assessment in a way which intentionally or recklessly suggests that factual information has been collected which has not in fact been collected, or falsifies factual information; and
  • personating, i.e. acting, appearing, or producing work on behalf of another candidate in order to deceive the examiners, or soliciting another individual to act, appear or produce work on your own behalf.
33. Disruptive conduct in the assessment venue will be treated as misconduct.
34. Chief invigilators and administrators at assessment centres will report to ICAEW all cases of irregularity or misconduct in connection with an assessment. They are empowered to stop the assessment of students who conduct themselves improperly.
35. ICAEW will investigate any student suspected of involvement in any irregularity or misconduct. Where a case for misconduct is to be considered, the student will be notified and given opportunity to write to explain the circumstances of the case.
36. Where ICAEW believes a case of misconduct may exist this will be referred to ICAEW Assessment Committee for investigation and potential disciplinary action.
37. ICAEW reserves the right to withhold publication of the results of an assessment, and prevent further assessment attempts, of 38. Any misconduct reported to ICAEW will remain on the student's record.

Details of ICAEW appeals procedures are available on the ICAEW website at icaew.com/students


39. A student may apply for a concession on the grounds that circumstances beyond their control prevent them from completing the assessments according to the regulations.
  • The Committee may, in exceptional circumstances, vary or waive the normal conditions of eligibility for the ICAEW Certificate in Insolvency assessment.
  • All applications for concessions must be made in writing to ICAEW and must be supported by medical or other appropriate evidence.

Award of the Certificate in Insolvency

40. To be awarded the ICAEW Certificate in Insolvency students must:
  • register appropriately in accordance with regulation 1; and
  • sit and pass the ICAEW Certificate in Insolvency assessment; and
  • have paid any applicable fees set by the Committee; and
  • be fit and proper in accordance with regulation 1.
41. Refunds may be subject to an administrative charge.

Public description of holding the Certificate in Insolvency

42. ICAEW will issue a certificate to a candidate who has entered, sat and passed the ICAEW Certificate in Insolvency assessment in accordance with the above regulations.
43. The ICAEW Certificate in Insolvency does not confer on the holder any designatory letters.
44. An individual may not refer to being certified or regulated by ICAEW in the provision of insolvency services on the basis of holding the ICAEW Certificate in Insolvency.

Powers of variation

45. The Committee shall have the power to vary or waive the above regulations.


This document defines the regulations for ICAEW's assessment leading to the ICAEW Certificate in Insolvency

This document should be read in conjunction with the relevant pages on the ICAEW student website icaew.com/students and the application form, where further information and guidance may be found.

In these regulations unless the context otherwise requires or express reference is made in these regulations, words and phrases have the same meaning as in the Principal and Disciplinary Bye-laws.

The ICAEW Certificate in Insolvency is a stand-alone assessment. Students registering for additional qualifications, such as CFAB or the ACA, will be subject to additional regulations. Please see the ACA Student Regulations and CFAB Regulations.

The ICAEW Certificate in Insolvency is delivered through computer-based assessments ("e-assessments") are available throughout the year and are held at ICAEW-approved centres in the UK and internationally.