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Practice resources

For ICAEW's members in practice, this area brings together the most up-to-date thought leadership, technical resources and professional guidance to help you in your professional life.

In this section

Digital transformation: mega trends in accountancy

The explosion in accessibility of data has led to rapid advances in digital technologies that are transforming businesses, economies and societies. Adviser and Technology Expert, Bernard Marr outlined how this fourth industrial revolution offers huge opportunities for accountants in his webinar Digital tranformation: mega trends in accountancy.

Running your practice

Developing a specialism

If you work within a specialist industry or area of accountancy, it is important that you remain informed about the unique rules and regulations that may apply and the trends, threats and opportunities that may affect your clients.

Supporting your staff

Getting the best out of your staff is crucial to the success of any firm. Making sure that you fairly apply employment law is equally important. Our resources will also help you ensure that you comply with the best practice assurance standards.

Supporting your clients

Designated Professional Body (Investment Business) licence

Find out how you can enhance the services you already offer your clients with a Designated Professional Body (Investment Business) licence. This section explains what regulated investment business is, who is regulated, and how your firm can apply for a DPB (Investment Business) licence.

Services for business

Find out more about services that practitioners can provide to businesses. Includes information on audit, insolvency, investments, probate, and other areas of advice.

Personal Financial Planning Community

Personal Financial Planning (PFP) is an area in which ICAEW Chartered Accountants are able to use their skills and experience and trusted relationships to deliver complementary services and work with other professionals to help clients and their families manage their personal finances. This increasingly important area of professional advice typically involves aspects of lifetime cash-flow modelling, investments, pensions and retirement planning, tax and estate planning, probate and personal insurances.

Regulations, standards, guidance and ethics

The ICAEW Practice Assurance scheme

Our Practice Assurance (PA) scheme provides ICAEW member firms and practising certificate holders with a framework of principles-based quality assurance standards to operate to. It outlines procedures to follow with your clients, and how to maintain the highest quality of work and ensure compliance with relevant laws and regulations, eg, those relating to anti-money laundering and protection of client data.

Professional Indemnity Insurance (PII)

Professional indemnity insurance (PII), is compulsory for all ICAEW members who have a practising certificate and engage in public practice. PII is a requirement of a number of regulations.

The IPC was designed by members in practice for members in practice, with the opportunity for anyone in practice to apply for membership. The role of the IPC is to be a representative voice for practice within ICAEW.