ICAEW secured two green ratings for providing sufficient assurance on its effective approach to regulation and operational delivery, and an amber rating for providing partial assurance on the well-led standard. This puts ICAEW as the joint second highest-ranking legal services regulator out of eight regulatory bodies and indicates that ICAEW is performing well within the sector.
We welcome the findings of the LSB’s review, particularly its recognition of our work in relation to HMCTS delays in which we provided evidence to Parliament and the development of our new resources and guidance for probate consumers in our Consumer Hub. We will continue to build on these strengths and address the areas highlighted by the LSB for improvement.
You can access the LSB’s assessment here: legalservicesboard.org.uk/wp-content/uploads/2025/03/LSB-regulatory-performance-assessment-2025.pdf
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About ICAEW
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 208,000 members and students around the world.
Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor around 12,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.
We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.
ICAEW is the first major professional body to be carbon neutral, demonstrating our commitment to tackle climate change and supporting UN Sustainable Development Goal 13.
ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects more than 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.
We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.
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