Key reminders and updates
Anti-money laundering supervision report
Our 2024/25 anti-money laundering supervision report has been published. The report provides a comprehensive account of ICAEW’s supervisory activity and continued work to protect against money laundering and other forms of financial crime within the accountancy sector.
Does your firm need to make changes in line with new Audit Regulations?
New definitions for the key terms of 'majority' and 'voting rights' could impact on your firm's eligibility. Act now to comply by 1 April.
Disciplinary update: October 2024
Take note of the latest disciplinary cases to ensure you or your firm are not making similar mistakes.
Why notify ICAEW of changes to regulated firms in 10 days?
ICAEW requires you to notify certain changes to your regulated firm within 10 business days. Helena Murray, Head of Regulatory Practice, Professional Standards Department, explains why this is important and highlights where some firms fall down on the requirement.
Serving on the IRB: giving back to the profession
In the second of our series introducing new members of the ICAEW Regulatory Board (IRB), we talk to Kaysen Pyndiah. He tells us about his background, his interest in regulation, and why giving back to his profession is so important to him.
CPD Regulations: what firms can expect one year on
ICAEW’s revised CPD Regulations, which came into effect on 1 November 2023, place new responsibilities on firms. A year on, as CPD monitoring visits are about to begin, we offer some timely reminders of the requirements and highlight some frequently asked questions, outlining what reviewers will be focusing on.
FRC and ICAEW offer support to firms exploring PE
Accountancy practices considering private equity investment need to think about the regulatory implications and are encouraged to seek guidance from the Financial Reporting Council and ICAEW.
Festive fun with integrity: navigating the Christmas party season professionally
As the festive season draws near, with many company Christmas parties already in the diary, ICAEW is issuing a timely reminder of the importance of behaving professionally so that, along with any potential regrets, you don’t also end up facing a complaint to ICAEW about your conduct.
Audit
Audit eligibility changes: check your firm will meet updated requirements
The Audit Regulations have been updated to include an amended definition of ‘voting rights’ and a new definition for ‘majority’. Check your firm will remain eligible for audit registration by 1 April 2025.
Webinar: 2023/24 Audit monitoring results
Find out about the results of the audit monitoring visits undertaken by our Quality Assurance Department and learn about some of the factors that contributed to these results.
Anti-Money Laundering (AML)
New AMLbites video: AASG Risk Outlook
What is the AASG Risk Outlook, what risks does it present and what does it mean for your firm?
Your guide to the role of money laundering reporting officer
Comprehensive guidance to enable you to fulfil your role effectively. Select the role that applies to you for full guidance.
Insolvency
HMRC Insolvency Bulletin: Insolvency Customer Services mailbox
HMRC has completed a full review of the rules of its Insolvency Customer Services mailbox to make sure it is aligned to the HMRC Charter values. Be sure to read their latest bulletin for the new rules of the customer services mailbox.
HMRC Insolvency Update: Digital journey for Plastic Packaging Tax
- PDF (114kb)
HMRC is streamlining its process for handling insolvency related to Plastic Packaging Tax by introducing a new Digital G-Form that is required to use when notifying HMRC of an Insolvency Event, submitting Plastic Packaging Tax Returns and deregistering from Plastic Packaging Tax. Be sure you make the necessary updates and follow the new procedure to help ensure your correspondence is handled efficiently.
Probate
Resolving challenges from banks and financial institutions
ICAEW is working to build awareness among UK financial institutions that ICAEW-accredited probate firms are able to provide probate services and that access to deceased person’s assets isn’t limited to solicitors. Find out what actions are being taken and what resources are being put in place.
2025 Probate Diversity Survey
The next survey will take place in spring 2025. More information on the process will be shared in January. Read previous survey results.
Help The Gazette improve its services
Best practice for many ICAEW-registered probate firms includes publishing details of the deceased’s estate in The Gazette and/or local newspapers. The Gazette has reached out to ICAEW for help to test its new website to ensure it meets the needs of practitioners.
