Have you thought about having your say in accountancy regulation?
Accountants, this could count towards your verifiable CPD!
Members of the regulatory and disciplinary committees are appointed by the Regulatory and Conduct Appointments Committee (RACAC) which has a majority of lay members and a lay chair, and which reports to the ICAEW Regulatory Board (IRB).
ICAEW regulatory and disciplinary and regulatory committees support the operation of the Professional Standards Department. The department is responsible for developing, maintaining and supporting high standards of practice and professional conduct.
To achieve a clear separation of responsibility for policy making and enforcement, members of the ICAEW Council cannot serve on any of these committees.
Current vacancies and expressions of interest
Expressions of interest
Please do not hesitate to contact us if you would like to join a committee even when application deadlines have passed. We will happily add your name to our list of individuals interested in serving, and we will be in touch when the next vacancies become available. This candidate information pack provides further information regarding the role of each committee and the recruitment selection process. For general queries and expressions of interest, email CommitteeRecruitment@icaew.com.
The committees
Statutory regulation
The following committees are responsible for regulatory matters.
- The Audit Registration Committee
- The Investment Business Committee
- The Insolvency Licensing Committee
- The Legal Services Committee
Other committees and boards
- The Practice Assurance Committee
- The Review Committee
- The Chartered Accountants' Compensation Scheme Board
- The Professional Indemnity Insurance (PII) Committee
Discipline
The following committees are responsible for disciplinary matters.
- The Conduct Committee
- The Tribunals Committee
- The Fitness to Practise Committee
Appeals
The Appeal Committee hears appeals from either the Review Committee or the Tribunals Committee.
Access further information about ICAEW Regulatory and Disciplinary committees
Access the ICAEW Regulatory and Disciplinary committee's structure
What do we mean by lay and accountant members?
An accountant member is an individual who is a member or affiliate of ICAEW who is not an employee of ICAEW.
Clean criminal, regulatory and/or disciplinary history requirement
It should be noted that all applicants should have a clean criminal, regulatory and/or disciplinary history.
UK residence requirement
Post-appointment
Appointment and tenure of office
Committee members are usually appointed to each committee for a three-year term. Reappointment can be made at the end of the first term for another three years, subject to consistently high performance and the needs of ICAEW. Each reappointment will be considered, it is not automatic.Remuneration
All committee members receive an allowance of £385 for attendance at committee meetings and for each day of a hearing or committee meeting. This includes full hearings or meetings which members attend using teleconferencing facilities. Chair (and Vice Chair when sitting as Chair) roles receive a greater allowance specific to the Committee.
All committee members are eligible to claim expenses, at rates set centrally, for travel and subsistence costs necessarily incurred on ICAEW business. These will be reimbursed directly and committee members must make their own arrangements for any payment of tax or National Insurance contributions. Remuneration and expenses are subject to periodic review.
Training
We will provide an appropriate training programme including induction training, committee observations and attending an annual committee training day.High standards
Committee members are expected to demonstrate high standards of corporate and personal conduct. The successful candidates will be asked to subscribe to a Code of Conduct and the standards of probity required by public appointees.
Committee members are expected to fulfil their duties towards ICAEW in accordance with the following principles, which are based on the Royal Charter and the ICAEW Code of Ethics.
Diversity and equality of opportunity
We are committed to equality, diversity and inclusion. We believe that the profession, and our own organisation, does best when it reflects the society we serve. We are focused on promoting a fair opportunity for all. Appointments at ICAEW will always be made on merit. We recognise that we are currently underrepresented in some areas and we particularly encourage applications from people from ethnic minority backgrounds. If you don’t have previous panel experience, please don’t let that discourage you from applying. We recognise the value that different backgrounds, work and life experience brings and therefore value experience from a range of different career sectors.