ICAEW Regulation and Conduct

During November, ICAEW's Professional Standards Department came together to create Christmas bags filled with presents for those who might otherwise not receive anything this Christmas. We donated 9 bags to Dunlem's delivering joy campaign. Thanks to Dunelm for running this fantastic initiative and enabling us to support our Milton Keynes community, and thank you to all of our colleagues who participated. #icaewRegulation

𝗡𝗲𝘄 𝗵𝗲𝗹𝗽𝘀𝗵𝗲𝗲𝘁 Use our new helpsheet for guidance on when and how to notify us, key considerations, and the documents we might require. If your firm is restructuring, you must inform ICAEW to maintain your regulatory registrations, including audit, Licensed Practice (ATOL), probate, and DPB (Investment Business) licences: https://lnkd.in/eN8vB5yw #icaewRegulation #accounting

ICAEW’s Conduct Department is dealing with a growing number of disciplinary cases related to poor conduct in relation to tax matters. We look at the key role played by Professional Conduct in Relation to Taxation (PCRT) in setting boundaries and supporting members and firms in meeting their professional and ethical obligations by providing guidance: https://lnkd.in/epzg4SfX #icaewRegulation #tax

The ICAEW Professional Standards Department is engaging with HMRC on its proposals to introduce further regulation in the tax advice market and is urging government to ensure that any solution is in the public interest. 📰Read the ICAEW response to HMRC's consultation: https://lnkd.in/ewF3nktf        💡Hardman Lecture shines spotlight on ‘shadow’ tax advisers: https://lnkd.in/eTR2wWwS #icaewRegulation #tax

This uplift in thresholds is part of a drive to reduce the reporting burden (as well as taking account of the impact of inflation). The impact will be significant for organisations moving into the small entities regime, but bear in mind that the new thresholds only apply for periods commencing on or after 6 April 2025 so there is plenty of time to discuss the implications with your clients. More clients may be able to take exemption from the requirement to have a statutory audit of their annual accounts, but in most cases this will be for years ending 30 April 2026 and beyond. 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗰𝗵𝗮𝗻𝗴𝗲𝘀

We've updated our FAQs for firms to flag that our #CPD recording tool for members now includes some new features. These features can help firms view what learning their ICAEW members of staff have undertaken in the year: ✨ Downloadable PDFs - members can easily download a PDF of their ICAEW CPD record to share when required. ✨ Retrospective Activity Logging - members can now add activities to previous CPD years, helping members to keep a complete record of their professional development. 👉Take a look at the updates to Questions 13 and 14 to find out more: https://ow.ly/n2MI50UkLbF #icaewRegulation #ProfessionalDevelopment #Accountancy

📢The latest edition of Regulatory and Conduct News is now available #icaewRegulation

All staff and ACA students working in eligible firms can enjoy free access to the Bloomsbury Accounting and Tax Service online library. Find out more: https://ow.ly/nsfI50UlB7I #icaewMembers #Bloomsbury #Tax

As part of the updated Code of Ethics for 2025, the provision for professional behaviour has been reworded to reflect the modern world. Find out more from Sophie Wales, ICAEW Director of Regulatory Policy, in our latest article and podcast. 👉Read the article: The new Code of Ethics - understanding professional behaviour: https://ow.ly/5mlM50UlApS 🎧Listen to the podcast: https://ow.ly/hpJ650UlApR The update to the Code of Ethics is due in early 2025. Explanatory guidance will be published to accompany the professional behaviour changes. #icaewRegulation #ethics #professionalBehaviour