Access the current ICAEW regulations: Statement on Members Engaging in Public Practice, information on any recent amendments and previous versions within our regulations archive.
Current regulations
Who do the regulations apply to?
These regulations apply to all ICAEW members whether they work in a traditional practice environment, undertake sub-contract or interim roles or do voluntary work in their spare time, including members who are principals in financial services regulated firms if the firm also provides accountancy services.
Most recent amendments
The regulations were updated following The Charities Acts 1992 and 2011 (Substitution of Sums) Order 2026, where the thresholds for small charities increased from gross income of £250,000 to gross income of £500,000 on 30 September 2026. The changes to our regulations (“Statement on Members Engaging in Public Practice” or the Statement) take into account this statutory change in the threshold for small charities and the revised ICAEW Statement was approved by the ICAEW Regulatory Board (IRB) on 23 July – taking effect from 1 October 2026.
The key changes were to the regulatory threshold for small charities – which has increased to those with a gross income of up to £500,000.