ICAS Regulation Strategy
Serving the public interest is the key foundation upon which the regulatory work of ICAS is based. High-quality regulation is essential if trust in the accountancy professional is to be protected and promoted. It is central to preserving the reputation of ICAS and the credibility of its members and firms, who continue to play an important role in society.
We exercise a range of regulatory functions, issuing more than 1,700 practising certificates to our members, and supervising more than 800 firms. We are authorised to supervise our firms across different statutory schemes, including audit, insolvency and anti-money laundering.
The ICAS Regulation Strategy sets out our regulatory strategy as approved by the Regulation Board in 2023. It feeds into the wider strategy, ICAS 2030: Together, we will…, set by the ICAS Council.
ICAS vision for regulation
Promoting trust in the accountancy profession through excellence in regulation
Our vision for regulation takes account of our Royal Charter requirement to act in the public interest. While ICAS as a professional body will also seek to represent its members’ views and protect their interests, the public interest will always be paramount for the teams working in regulation. As robust regulatory processes benefit our members and firms as much as they benefit the public interest, we are confident that we can act in the best interests of all our stakeholders.