Top regulatory resources of 2024

ICAEW’s Restructuring and Insolvency Community roadshows cover key issues facing insolvency practitioners (IPs). In the final webinar of the 2024 series, Allison Broad, Head of Insolvency Monitoring, and Victoria Alexandrou, Insolvency Manager, discussed the most important findings from monitoring reviews, and highlighted some recent and upcoming changes affecting IPs.

We have updated our statements of insolvency practice (SIPs) web pages to ensure easier access to the current SIP.

Statements of affairs and deficiency accounts are relatively simple documents, but ICAEW’s Quality Assurance Department is finding that insolvency practitioners (IPs) aren’t making sufficient enquiries to enable them to prepare a correct statement of affairs. In the first of a two-part series, we focus on statements of affairs and offer some tips on ensuring they are accurate and compliant.

Over the past 12 months our Quality Assurance Department’s insolvency team has been reviewing its approach to monitoring visits. The resulting changes may mean your next review date is brought forward, or that you have moved from a three to a six-year cycle. We recap the recent changes insolvency practitioners (IPs) should be aware of.