Regulatory guidance and help sheets
In order to assist members in complying with the regulatory requirements, ICAS has provided the following 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 Career Choices PDF [85 KB]
A range of technical sources is available to each member of the Institute:
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
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 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.
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 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
This help sheet is designed to assist firms in the audit of charities registered with The Office of the Scottish Charity Regulator (OSCR).
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).
This help sheet is designed to assist firms in the audit of charities registered with The Charity Commission.
This help sheet is designed to help firms when auditing credit unions in the UK.
This help sheet is designed to help when auditing pension schemes in the UK.
This help sheet is designed to help when auditing registered social landlords in Scotland.
This help sheet is designed to help when auditing investment business entities which are registered with the Financial Conduct Authority (previously the FSA).
This help sheet is designed to assist firms in the audit of Friendly Societies.
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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