ICAEW becomes first non-legal probate regulator

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The ICAEW has become an approved regulator and licensing authority for the purposes of probate activities and alternative business structures (ABSs), making it the first non-legal body to regulate a reserved legal activity.

Following approval from the Lord Chancellor, the ICAEW will be able to...

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10th Mar 2014 13:59

well yes

but will they provide better value and efficiencies than most current providers

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By taxguru
10th Mar 2014 18:13

Is the title right??

I thought ACCA and ICAS have been there already? See this

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By Duhamel
11th Mar 2014 13:17

Solicitors Accounts Rules
Does anyone know if an accountancy firm can potentially come under the solicitors accounts rules, if the firm offers probate work? Or is it avoided by being regulated by the ICAEW?

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12th Mar 2014 15:44

ICAEW as regulator for probate work

Charlie: you would be regulated by the ICAEW and fall under the ICAEW regulations rather than those of the Law Society. You will therefore be covered by the ICAEW client monies regulations and the professional indemnity insurance regulations, and the work will be monitored by QAD. SWAT UK has published an article giving more information about eligibility for authorisation. The first course leading to a certificate is taking place in April.

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