In this article, Louise Eames, Insolvency Case Manager at ICAEW, outlines her recent experience of reviewing Statement of Insolvency Practice (SIP) 16 statements and highlights pointers for insolvency practitioners (IPs) to ensure that their SIP 16 statements are fully compliant.

• Read how to ensure your SIP 16 statements are fully compliant

The requirement for IPs to carry out annual compliance reviews has been in force for almost two decades, yet some IPs are still failing to meet this duty. Alison Morgan, Insolvency Manager at ICAEW, tells us why reviews are so useful, and how IPs can avoid some common mistakes.

• Read how insolvency compliance reviews can work for you

A working group of the Joint Insolvency Committee has been reviewing Statement of Insolvency Practice 3.3 – Trust Deeds and are now inviting comments on the revised SIP.

• Please review the proposed changes and give your feedback by 10 July 2023.

In this article, ICAEW’s QAD explains recent changes to its PVI requirements, including requesting information about employee and bounce back loan creditors. QAD has worked with Turnkey to make it as easy as possible for IPs to provide this information.

• Read what changes have been made to PVI requests

We undertake a number of activities to support the work of ICAEW licensed IPs and their firms to strengthen trust in us as an improvement regulator. Find out what activity occurred over the last year in our infographic.

• View ICAEW’s insolvency supervisory activity in 2022

HMRC has introduced a new style VAT100 (2021) and a fully automated process which means returns can be automatically scanned. Please ensure you are only using the new versions of the VAT100 and that the barcode is not altered or deleted. Find out more and access FAQs.

• Access the Insolvency Guidance on VAT100 from HMRC

Read HMRC's latest update on form VAT7: Application to cancel your VAT registration. The questions have been amended to reflect feedback from IPs.

• Access the Insolvency Guidance for form VAT7

In a recent technical alert, the ICAEW insolvency team was informed that from 13 March Companies House will no longer accept a set of minutes which have a resolution embedded within them.

• Read a copy of the message from Companies House

Whether you're applying for an IP licence with us for the first time, or you would like to transfer all your firm’s IP licences to us, our streamlined application process is straightforward. Firms can appoint a central point of contact for all their licenses and membership fees. It's easy, convenient and can ease your administrative burden.

• Read the brochure to find out the benefits of consolidating your licensing

Access the new leaflet to find out what to expect at your insolvency monitoring review.

• Read the leaflet

Use the library to access a wealth of resources including articles, books, public online guides, catalogues and other online resources. These include case law transcripts which insolvency practitioners may find useful and which are available to affiliates as well as ICAEW members.

• Find out what resources and expert help is available for you

Don’t forget to book your place at our virtual conference taking place over two mornings on 27 and 28 June. We have a fascinating programme, including exploring the ins and outs of crypto insolvencies; discover the challenges faced in the case of FTX, including the commercial and practical ability to resuscitate the exchange. Early bird prices end on 16 May. Group discounts are also available.

• Book your place

In this presentation by the Financial Intelligence Unit of the National Crime Agency and National Investigation Service, find out what constitutes a good quality suspicious activity report (SAR), focusing on bounce back loan fraud and misuse of other COVID support schemes.

• Watch the recording

Access all recordings and book your place on upcoming insolvency events including webinars.

• Restructuring and Insolvency Community webinars and events

Our revised CPD Regulations will give greater clarity on the amount of CPD that you should be doing.

• Read what's changing in CPD

Help us ensure PII arrangements provide adequate protection to the public while being mindful costs to the profession.

• Have your say in the review of PII Regulations

On 1 June 2023, revisions to ICAEW's disciplinary framework will come into effect. We break down what’s changing including updates to the disciplinary and appeals processes.

• Find out more and access the new bye-laws and regulations.

View the latest results from our quality assurance monitoring surveys. In 2022, 97% of firms and IPs were satisfied or very satisfied with their interactions with members of the ICAEW team.

• Access the infographic to see how we did

ICAEW's regulatory and conduct responsibilities are delivered by the Professional Standards Department (PSD). Our role is to strengthen trust and protect the public by following the 3Es: Enable, Evaluate and Enforce. Read more about our strategy, activities, and the oversight of ICAEW's regulatory and conduct role in the Regulatory and Conduct Report 2022–2023.

• Read the R&C Annual Report 2022—2023

• Access useful resources for IPs