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Acting as a trustee

Articles about how accountancy practices can offer services as a trustee.

Acting as a trustee

Practicewire 31-12-2015

ICAEW’s Business Law Department explains what members need to be aware of if they are asked to act as a trustee.

Trustee of trust with shares in an audit client

Technical helpsheet issued to help members to determine how relationships can impact audit independence, especially in regard to whether a firm can continue to act if a partner in the firm is a trustee of a trust that holds shares in an audit client.

Trustee shareholdings in audit clients


Advice for firms of registered auditors where principals hold long-standing trustee appointments for their clients. The trusts may have shareholdings in the firm's audit clients and these situations are considered to present a threat to firms' independence and, in some cases the threat may be too great.