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.