This is a guide to the exemption from audit under s479A-479C of the Companies Act 2006.
Legal & Regulatory Technical Releases
A listing of Legal & Regulatory Technical Releases published by the Technical Services Department of ICAEW with the most recently published showing first.
Technical releases that have been withdrawn can be found by using the archive search at the bottom of the page.
This statement was issued in January 2016 (revised September 2018) to provide guidance to Members in practice on the provision of legal services to their clients.
This Technical Release has been produced to expand upon the guidance given in TECH04/16BL. Nothing included in TECH04/16BL has become inappropriate, but further discussions with the Registrar have clarified some of the provisions of the legislation and their interpretation. For this reason, TECH04/16BL has been withdrawn with immediate effect and replaced with TECH01/17BL.
This Technical Release provides guidance on realised and distributable profits under the Companies Act 2006 (as amended) (the Act) and all relevant statutory instruments made under the Act. Its purpose is to identify, interpret and apply the principles relating to the determination of realised profits and losses for the purposes of making distributions under the Act. It is based on the guidance previously issued as TECH 02/10 in October 2010 but has been updated as proposed in TECH 05/16 which was issued for comment in March 2016.
Guidance on realised and distributable profits under the Companies Act 2006 (TECH 05/16 BL: Updated TECH 02/10)
Exposure draft of updated guidance on realised and distributable profits under the Companies Act 2006 issued by the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland (the Institutes) in March 2016.
ICAEW and ICAS Guidance on realised and distributable profits under the Companies Act 2006 (Updated TECH 02/10)
Updated TECH 02/10 – ICAEW and ICAS Guidance on realised and distributable profits under the Companies Act 2006.
This statement provides guidance to Members in practice on the provision of legal services to their clients, whether directly or in conjunction with a law firm, and the legal and regulatory conditions which may apply. Updated in September 2018 the guidance reflects the provisions of the Legal Services Act 2007 (the Act) and other law, as at the date of issue. All previous guidance on this subject has now been withdrawn with immediate effect
The purpose of this guidance is to assist members in managing their risk of liability to clients and third parties. First issued in February 2011, updated in October 2015
Guidance on the application of company law on distributions to charitable donations to their parent made by UK subsidiaries of registered charities.
Guidance issued by the Business Law Committee of ICAEW on the implications of the decision in the English legal case of Prince Jefri Bolkiah vs. KPMG. It replaces TECH 04/00 ‘Conflicts of Interest and Confidentiality’ which has been withdrawn.