Please plan ahead: regulatory applications and firm structure changes

ICAEW is implementing a new records management system this spring. As the new system goes live, there may be some disruption to our usual processing times, particularly during March and April. If you or your firm is considering a new regulatory application or change (eg, to the structure of your firm or to your own registration record), please contact our regulatory support team by emailing regulatorysupport@icaew.com at the earliest opportunity.

Please remember, you must notify us of any changes to the structure of your firm within 10 business days of the change. More information about maintaining your firm’s record is available here.

Guidance

Audit guidance in response to the Ukraine crisis

Support and guidance for audit firms in dealing with these exceptional circumstances.

Changes to UK sanctions in response to development in Ukraine

Frequently asked questions about changes to UK sanctions against Russia, in response to the conflict in Ukraine.

CCAB publishes joint guidance on Russia sanctions

The Consultative Committee of Accountancy Bodies has issued joint guidance for the profession on the situation in Ukraine.

Investment business: keeping on the right side of compliance

Complying with the requirements of your firm’s DPB (Investment Business) licence needn’t be onerous if you follow some simple good practices.

New resources

All Too Familiar: we have launched our new training film

UK-based ICAEW supervised firms and insolvency practitioners have been emailed a link to stream All Too Familiar. Please check with your ICAEW regulatory point of contact to access this new resource. All Too Familiar is provided as a free training tool to our firms and insolvency practitioners along with additional resources and learning materials.

All Too Familiar, examines the role of professional scepticism in the fight against economic crime. Produced in collaboration with HMRC, the film looks at a real-life scenario of how firms and individuals may inadvertently become ‘professional enablers’ for criminals involved in everything from financial fraud to modern slavery and terrorism. Global licences to use All Too Familiar outside the UK will be available later in the year.

AMLbites: sanctions guidance

Watch our new video on how sanctions work and how they apply to ICAEW firms.

Watch again: Money laundering risk assessments webinar

How to perform a money laundering risk assessment and when to revisit it.

Regulatory updates

Audit monitoring: telling the story

Our recent audit monitoring report shows most firms reached a good standard. But it also flags areas for improvement and urges firms to tell an audit story.

Disciplinary update: March 2022

Read the update to familiarise yourself with the types of sanctions poor personal or professional conduct can incur.

An update from the ICAEW Regulatory Board (IRB)

The IRB is responsible for overseeing the ICAEW’s regulatory and disciplinary work. Find out what is discussed at ICAEW Regulatory Board meetings. The ICAEW Regulatory Board aims to be as open and transparent as possible. It is now publishing its meeting minutes and papers for your review.

Consultations

Have your say: consultation on proposed changes to ICAEW’s CPD Policy

We are seeking your views on proposed changes to the ICAEW Continuing Professional Development (CPD) Policy. This consultation is open from Thursday 24 March 2022 to Wednesday 18 May 2022. Read more here.

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