Key reminders and updates
Congratulations to Parjinder Basra who has been appointed as the new chair of the ICAEW Regulatory Board.
Watch the official trailer of our latest educational film drama for a preview of the key themes covered and be among the first to see what's coming on 20 May.
ICAEW is consulting on updated Guidance which outlines how sanctions will be determined in disciplinary cases involving ICAEW-regulated firms and individuals. The changes aim to improve the usability of the guidance for all parties and to ensure sanctions are proportionate to the level of misconduct.
In this explainer article from our 2024 Regulatory Annual Report, Catherine Boyd and Duncan Wiggetts, challenge some of the myths around self-regulation and explain how independent decision-making lies at the heart of the regulatory regime.
ICAEW’s updated Code of Ethics takes effect on 1 July. Key changes include a revised clause on professional behaviour to reflect today’s evolving working world.
Find out what our firms thought of the monitoring review process in 2025’s first quarter.
Audit
New Audit Regulations take effect 1 June 2025, the updated Audit Regulations include, notification requirements for complex or high-risk audit appointments and a requirement for sole practitioners to appoint an alternate (by 1 December 2025).
This is the last of three practical articles aimed at firms who may not have found it easy to interpret the requirements of ISQM1 and scale them to fit. Following on from the topics of monitoring and root cause analysis, this article covers remedial action, including assessing its effectiveness, and finishes with a look at annual evaluation.
This series of webinars presented by ICAEW’s Quality Assurance Department will provide insights to support audit firms to improve and maintain their audit quality. The events will pick up on the themes identified in our Audit Monitoring Report (coming soon).
Anti-Money Laundering (AML)
312 AML monitoring reviews were carried out with firms in Q1 of 2025. Read more about the work we have carried out as the UK’s largest accountancy professional body supervisor for anti-money laundering.
On the 11 June we will be joined by Companies House to explain the compliance requirements and risks involved in providing authorised corporate services.
In the latest issue, read an article from the National Economic Crime Centre on tackling Mini Umbrella Company fraud, a deep dive into organised immigration crime, and real-world SAR case studies showing the power of partnership in fighting financial crime. Plus, expert advice on how chargeback claims can affect DAML requests and why DAML outcomes can vary.
Insolvency
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- 08 May 2025
After completing the Certificate in Insolvency, Charlotte, who works for the Insolvency Service, moved straight onto the challenging JIEB qualification and achieved the top score! She explains how the CII helped prepare her for JIEB success.
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- 08 May 2025
Our annual conference explores key challenges facing the profession and what lies ahead, as well as providing some engaging topical technical sessions. Earn up to 5.5 hours of verifiable CPD by attending this event.
Probate
Tune in to hear the latest developments regarding probate and legal services - from monitoring reviews to regulatory policy. You'll also have the chance to put your questions to the team. Attending this webinar could contribute up to 1 hour of verifiable CPD.
We're seeking feedback to understand how informed consumers feel when selecting a probate provider. We encourage firms to begin incorporating this form into their engagement letters and communications to ensure we can gauge consumers’ experiences with accessing legal services.