Regulatory guidance and help sheets

In order to assist members in complying with the regulatory requirements, ICAS has provided the following guidance.

Download ICAS Monitoring and Regulatory Approach to Anti Money Laundering PDF [295 KB]

This publication is aimed at providing ICAS's regulators, members of the public, and other interested parties with a brief guide as to how ICAS discharges its responsibilities under the Money Laundering Regulations 2007.


Practice Guidance

A series of guides are available to help inform a member who is in practice or wishes to consider whether to go into practice:

Download When is a practising certificate required? PDF [305 KB]

Download Career Choices PDF [85 KB]


Technical Guidance

A range of technical sources is available to each member of the Institute:

Download Framework for the preparation of accounts PDF [143 KB]

Download Professional Conduct in Relation to Taxation PDF [834 KB]


Help sheets for All Firms

Download Client's Money help sheet

This help sheet is intended to assist members in practice with the regulations governing money held on behalf of clients.

Download Client's Money Regulations

Download Ethical Matters for Consideration in relation to Engagement and Disengagement Procedures PDF [212 KB]

This help sheet is intended to assist members in practice with ethical matters in relation to engagement and disengagement with clients. It highlights some commonly found situations and how these should be dealt with. It should be read together with the ICAS Code of Ethics.

Download Provision of Services Regulations - The Information requirements for accountancy firms PDF [256 KB]

This help sheet provides guidance on the requirements of the European Union (EU) Services Directive, as enacted in the UK under the Provision of Services Regulations, and specifically the information disclosure requirements that members in practice will require to meet from 28 December 2009.

Download Investment business PDF [210 KB]

This help sheet is intended to help members in practice determine whether they are conducting investment business and whether they need a DPB licence.

Download Signing off accounts, returns and other documents PDF [205 KB]

The Institute is often asked what the legal requirements or best practice are for signing off accounts, correspondence and a variety of other documents. This help sheet summarises some examples of what ICAS considers to be acceptable practice.

Download Common disclosure errors PDF [195 KB]

This help sheet is intended to assist members preparing statutory accounts for small audit exempt limited companies, by highlighting some of the most commonly noted accounting errors and disclosure omissions identified in the Quality Review process. In the majority of cases the companies referred to will be owner managed with no outside shareholders.

Download Pensions Auto-Enrolment PDF [205 KB]

This help sheet is intended to provide members in practice with some guidance in respect of advice and assistance that may be given to clients when considering how to implement the auto-enrolment provisions of the Pensions Act 2008.

Download Exercising a right of lien Helpsheet

This help sheet aims to provide guidance to Members in practice on the exercise of a right to lien, highlighting the practical and ethical issues which need to be considered.

Audit-Specific Help sheets

Download The Audit of Charities in Scotland PDF [339 KB]

This help sheet is designed to assist firms in the audit of charities registered with The Office of the Scottish Charity Regulator (OSCR).

Download The Roles and Responsibilities of the Audit Compliance Principal  PDF [391 KB]

This help sheet is designed to aid firms in appointing an Audit Compliance Principal, identify their key responsibilities, and to assist that individual in carrying out their role, including performance of an Annual Compliance Review (ACR).

Download The Audit of Charities in England and Wales PDF [371 KB]

This help sheet is designed to assist firms in the audit of charities registered with The Charity Commission.

Download The Audit of Credit Unions PDF [366 KB]

This help sheet is designed to help firms when auditing credit unions in the UK.

Download The Audit of Pension Schemes PDF [380 KB]

This help sheet is designed to help when auditing pension schemes in the UK.

Download The Audit of Registered Social Landlords PDF [227 KB]

This help sheet is designed to help when auditing registered social landlords in Scotland.

Download The Audit of Investment Business Entities Regulated by the FCA PDF [360 KB]

This help sheet is designed to help when auditing investment business entities which are registered with the Financial Conduct Authority (previously the FSA).

Download The Audit of Friendly Societies PDF [1,647 KB]

This help sheet is designed to assist firms in the audit of Friendly Societies.

Download The Audit of Industrial and Provident Societies PDF [1,356 KB]

This help sheet is designed to assist firms in the audit of Industrial and Provident Societies.


IES 8 GUIDANCE

International Education Standard 8 (IES8) Revised is effective from 1 July 2016 and is aimed at ensuring that each Audit Engagement Partner develops and maintains the necessary competencies to perform the role effectively.  We have a dedicated IES8 web-page which provides full guidance on the implementation of this standard.

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