Scenarios

If you do accountancy or bookkeeping work for a charity you may be affected by the change to the Statement on members engaging in public practice coming into force from 1 January 2024. These questions and responses will help you ascertain whether, under the new guidelines, you now need a practising certificate or not.

If you are a self-employed consultant or part of a consultancy group, use these scenarios to find out how the practising certificate changes could affect you.

If you are a principal of a corporate finance boutique, note that changes to the Statement on members engaging in public practice may mean that you now need a PC, even if your turnover derived from accountancy is less than 10%.

If you are named as an executor of a will, whether you need a practising certificate depends on the capacity in which you’ll be carrying out your duties. These scenarios should help to make the distinction clear.

If you're an interim finance director or work as a sole practitioner providing FD services, take a look at these scenarios to see how the changes to the Statement on members engaging in public practise may affect you.

If you are in practice in a Crown Dependency or in Europe you may be wondering whether the changes to the Statement on members engaging in public practice apply to you. These scenarios will help you determine that.

If you have a portfolio career you'll need to look closely at the different roles you hold and assess whether each one requires you to have a practising certificate.

These scenarios cover other topics relating to public practice, including functional titles and roles containing the term 'principal'.