This month, we share our response to the recent announcement from the UK government on regulating insolvency firms. Also included are articles explaining what recent changes to the duty to report misconduct mean in practice, what impact changes in the IVA sector will have on IPs, an open letter from the Financial Reporting Council asking for input to their surveys from those working in audit, and what good looks like for AML firm-wide risk assessments. To round things up, our webinar on CPD for firms took place 27 September. The recording and slides will be available soon.

Identify regulatory communications more easily

This autumn, regulatory communications will start to feature the Professional Standards Department name on the right-hand side, helping you to spot them more easily. 

CPD updates

• CPD is changing: is your firm ready?

The webinar was on 27 September, providing a practical guide to the responsibilities ICAEW firms will have from 1 November. The recording will be available soon on our R&C News hub.

Consultations currently open

• Be sure to give your input on the proposed changes to the UK Audit Regulations by 27 October

Articles on regulatory matters

• What do recent changes to the duty to report misconduct mean in practice? 

AML

• AML firm-wide risk assessments: what does good look like?
• Updated CCAB guidance (including proliferation financing requirements)

Audit

• The Financial Reporting Council is seeking your input on how to develop the quality of audit education and training. Please take a moment to complete the surveys

Insolvency

• Firms offering insolvency services to be regulated

• Changes affecting insolvency practitioners working in the IVA sector
• There's still time to sign up for Restructuring & Insolvency Community roadshow webinars
• AML guidance for insolvency practitioners

Probate

• In the Legal Services Regulatory Update recording, hear about issues found on quality assurance monitoring reviews, regulatory changes and a summary of the 2023 Probate Diversity Survey results
• Download the 2023 results of ICAEW’s diversity survey of firms regulated for probate to benchmark your firm and see how the results are evolving

Regulatory newsletters published since the last round-up

• PSD update (September issue)

• AML – the essentials, issue 29

Keep updated

Please continue to visit the various sections under Regulation on the ICAEW website to stay current with all the latest regulatory-related guidance. 

Plus be the first to know when articles like these are released. 

• Follow us on LinkedIn
• Subscribe to our newsletter
• Visit our online Regulatory & Conduct News hub