Key reminders and updates
PII requirements: What changed on 1 September 2024?
ICAEW updated its PII Regulations in September 2024, the 1 September 2025 marks the end of the 12-month transition period and all firms need to comply with the updated regulations by this deadline.
Quality Assurance monitoring: view from the firms
As a world-leading improvement regulator, we supervise and monitor over 12,000 ICAEW firms and insolvency practitioners (IPs), holding them, and all ICAEW members and students, to the high standards of competency and conduct expected by the profession. Find out what our firms thought of the monitoring review process from our latest survey.
UK regional screenings of Crossing the Line
Register for one of our UK in-person screenings of our newest audit training film.
Audit
Audit monitoring insights webinar series
Register for our next webinar focusing on ISQM 1 implementation. You can also watch back our previous webinars:
New 2025 Audit Regulations: notification requirements and sole practitioner alternates
2025 changes to Audit Regulations took effect on 1 June. The new regulations introduce a requirement for ICAEW-registered audit firms to notify ICAEW when appointed to certain complex or high-risk audits. There is also a new requirement for sole practice auditors to appoint an alternate. Sole practice auditors will have until the end of a six month transition period to appoint an alternate (ie, until 1st December 2025).
Audit monitoring insights: larger audit firms and complex audits – webinar highlights
In the second webinar of our audit monitoring insights series, our Quality Assurance Department explored the challenges and common findings from audit monitoring reviews of larger firms handling more complex audits. The session offered practical insights and regulatory updates to help firms enhance audit quality.
Anti-Money Laundering (AML)
Authorised corporate service providers (ACSP) and ID verification
Visit our new page for how recent Companies House changes will impact your clients and your firm, resources and answers to FAQs. You can also watch our relevant AMLbites videos:
ACSPs: meeting the Companies House IDV standard
In our second article on the new Authorised Corporate Service Provider (ACSP) scheme at Companies House, we delve further into identity verification (IDV) and discuss what you need to do if you decide to offer verification services to your clients.
National Risk Assessment 2025
On 17 July the government published its 2025 update to the National Risk Assessment (NRA) of Money Laundering and Terrorist Financing. Watch our AMLbites video to help you in understanding its purpose, key money laundering and terrorist financing risks, and what they mean for accountancy professionals.
Anti-money laundering reforms: what accountants need to know
Key changes will affect accountants, company service providers and anti-money laundering supervisors, with a stronger focus on risk, transparency and enforcement. Find out what they mean for you.
The Proceeds of Crime (Amendment) Order 2025
The Proceeds of Crime Order 2025 came into force on 31 July 2025. This will raise the threshold amounts in s339A of the Proceeds of Crime Act from £1,000 to £3,000.
Practice Assurance
Practice Assurance Monitoring Report 2025
ICAEW has published its Practice Assurance Monitoring Report 2025: Results to reflect on. It shares the findings from more than 1,450 Practice Assurance monitoring reviews carried out by ICAEW’s Quality Assurance Department during 2024.
Practice Assurance monitoring insights
Presenting the key findings from our quality assurance monitoring reviews. We will highlight common problem areas and offer practical guidance to help your firm strengthen its approach.
Probate
2026 Probate fees consultation
Recognising inflationary pressures and to continue delivering our programme of activity to fulfil our objectives under the Legal Services Act, we propose a small increase to the 2026 probate registration fees. Please review the information below, including our budget, medium-term business plan and the proposed new fee scale, and respond to our suggested fee levels for 2026.
Probate News, Issue 27
Read our summary of all the latest updates for probate practitioners including updates to the engagement letter template, annual return FAQs for probate firms and Autumn 2025 changes to Legal Services Regulations.
Transparency guidance for accredited legal services firms
ICAEW’s Legal Services Regulations require accredited legal services firms to meet our transparency standards to ensure consumers can access the information they need to make informed decisions about legal services. This guide provides best practice tips and resources that will help you to build stronger client relationships and showcase your commitment to service quality.
Supporting our survey for clients of legal services
Help us understand how empowered probate clients are in choosing a provider. Our survey aims to gauge consumers’ experiences with accessing legal services.
Inheritance Tax: what do you need to know?
Inheritance Tax (IHT) is one of the most complex and frequently misunderstood parts of administering an estate. We talk to some experienced ICAEW-accredited probate professionals, who explain the process and highlight some common misconceptions.
Legal Ombudsman guidance on handling complaints
Find out what resources and guidance are available from the Legal Ombudsman (LeO) and ICAEW when making a complaint on probate services.
Insolvency
Updated Code of Ethics for insolvency practitioners
Approved by the Joint Insolvency Committee and issued by ICAEW, the Institute of Chartered Accountants of Scotland and the Insolvency Practitioners Association, the main revisions, which include changes relating to professional behaviour, role and mindset, and technology.
New Insolvencybites
A new video on suspicious activity reporting has now launched in our new series of short, focused videos created to help insolvency practitioners stay on top of key regulatory topics.
Virtual Restructuring and Insolvency Roadshows 2025
Register for these autumn roadshows covering current hot topics, recent legal decisions, and key regulatory requirements to help you stay compliant and avoid potential breaches or complaints.
Turnaround, Restructuring and Insolvency Awards
We are delighted that our Director of Quality Assurance, Bob Pinder, has been selected as a judge at the TRI Awards to recognise excellence in the fields of turnaround, restructuring, and insolvency.
Regulation and Conduct News
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