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Running your practice

Articles, features and library resources to support you with running your practice, including developing a specialism, pricing advice, supporting your staff, and managing risk.

In this section

ICAEW Communities

Information, insights, guidance and networking opportunities on a range of industry sectors, professional specialisms and at various stages throughout your career.

Probate services

ICAEW is an approved regulator and licensing authority for probate services. This enables us to accredit firms to offer probate services to their clients. Here we explain the benefits of accreditation and the application process, provide support for accredited firms and also information for consumers including a register of ICAEW accredited for probate firms.

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.

Client screening

Obtain client screening reports checking against global risk and compliance data, including government sanctions, Politically Exposed Persons, a wide range of watch lists and negative news profiles.

Managing risk: Record keeping and documentation

Documents and records

Guidance for members in practice on which documents the member owns; how long documents should be kept; if the client owns the documents, whether the member always has to hand them over; and the member's obligations to allow others access to documents.

Enterprise Nation Adviser Platform

By registering as a business adviser on the platform, ICAEW members are able to connect with entrepreneurs and small business owners in need of their support, guidance and expertise.

Consumer credit

The DPB (Consumer Credit) Handbook sets out the regulations for firms to provide consumer credit services.

Exit routes and succession planning

 

Practice succession

Successful practice succession can be a real challenge. You may need to fund the retirement of older partners while keeping the practice an attractive proposition for new ones.

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.

Training

Find out more about staff training with our selection of articles, books and best practice guides.

Employment law

Our selection of articles, guides and online resources can help you identify best practices to apply to your business.

Embracing digital - introducing the new Inflo Digital Audit Platform

Inflo are launching a new capability in their product suite – Inflo Workpapers – to create the complete Digital Accounting platform. Created by accountants for accountants, Inflo’s expanded offering will unlock the true potential of technology within audit and accounting services. Fully leveraging the power of data analytics, automation and AI allows firms to perform services more effectively, to a higher standard of quality and delivering a more value to clients.