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The Modern Slavery Act: section 54 Transparency in Supply Chains statements

Author: ICAEW

Published: 12 Feb 2021

Under the Modern Slavery Act 2015 some organisations have to prepare a section 54 Transparency in Supply Chains Statement. This guide is an introduction to the legal requirements and a brief overview of what to include, when and where the statement should be published.

There is a risk to members and their clients of reputational damage if they do not prepare a statement when they should or if the statement and their actions overlooks or ignores modern slavery or human trafficking subsequently found in their supply chains.

The guide is a part of a series of guides compiled by ICAEW’s Business and Management Faculty and Business Law Department and is for accountancy firms and their clients who may have to or wish to produce a Modern Slavery Statement. It aims to answer the most common questions asked by firms and their clients when first preparing such a statement.

Other guides in the series provide more detailed advice on the legislation itself and its requirements as well as advice on how draft a statement and spot modern slavery in supply chains, and are available on our modern slavery hub.

Read the complete guide

The guide does not constitute legal advice and if in doubt members are advised to seek independent legal advice.
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