Regulation Board and Committees
The Regulation Board is responsible for the effective oversight of the Regulatory Committees, regulatory policy and the maintenance of professional standards of Members, CA Student Members, Affiliates and Firms.
The Regulation Board meets four times per annum and reports annually to Council. The Board provides interim reports to each meeting of the Oversight Board. The Chairman of the Regulation Board is a member of the Oversight Board and Council.
The Regulation Board has delegated powers relating to the regulatory functions of ICAS and has established and sub-delegated these powers and functions to its Regulatory Committees.
The Regulation Board and the Regulatory Committees are comprised of CAs and Public Interest Members.
The Regulatory Committees are detailed below.
The Investigation Committee is responsible for determining whether Members, Firms, CA Students and ICAS Affiliates should be held liable for disciplinary action. It investigates complaints received from members of the public, as well as referrals from the other Regulatory Committees. Where a complaint or referral is upheld, the Committee has a range of disciplinary sanctions that can be applied, including warnings, reprimands and financial penalties.
The Investigation Committee is made up of an equal number of CA and public interest members.
Details of the public interest members currently on the Committee can be found on the Public Interest Representation webpage.
The names of the CA members currently on the Committee are listed below:
Ken McHattie CA (Convener)
Liam Boyle CA
Steven Cunningham CA
Bryan Jackson CA
Sarah McGavin CA
Ian Mitchell CA
James Pirrie CA
Graeme Smith CA
Chris Wilson CA
For more information on the complaints process, please visit the complaints section.
The Authorisation Committee was formed on 19 April 2016, following an internal review of governance, which recommended that the previous committee structure be streamlined. The Authorisation Committee will have the powers and duties previously held by the Audit Registration Committee, the Public Practice Committee, the Insolvency Permit Committee, and the CPD Regulatory Committee.
The Authorisation Committee is one of two regulatory committees that report to the Regulation Board.
The powers, duties and remit of the Committee are set out in the following applicable regulations:
- Practising Certificates & Practice Monitoring: Public Practice Regulations;
- Clients Money Regulations;
- PII Regulations;
- DPB (Investment Business) Handbook; DPB (Consumer Credit) Handbook;
- ATOL: ATOL ARA Regulations;
- Audit: Audit Regulations & Guidance;
- Local Audit: Local Audit Regulations;
- Insolvency Licence & Insolvency Monitoring: Insolvency Regulations; and
- CPD: CPD Regulations.
The regulations can be accessed by searching ‘charter, rules and regulations’ at www.icas.com.
- Transparency Report 2017 PDF [1,914 KB]
- Transparency Report 2016 PDF [1,776 KB]
- Transparency Report 2015 Overview PDF [923 KB]
- Transparency Report 2014 Overview PDF [1,031 KB]