Technical releases

This is a guide to the exemption from audit under s479A-479C of the Companies Act 2006.

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 For this reason, TECH04/16BL has been withdrawn with immediate effect and replaced with TECH01/17BL.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.

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.

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 All previous guidance on this subject has now been withdrawn with immediate effect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.

Guidance on distributable profits. An annotated version of TECH 02/10 showing changes made to TECH 01/09 following consultation on draft guidance.

Guidance for those providing audit, accountancy, tax advisory, insolvency or related services in the UK. This Technical Release has now been superseded by TECH 04/08.

Guidance on the history of AML law and other requirements, and ICAEW's role in promoting its development to be appropriate for the accountancy profession.