Blog
What is your duty to co-operate with your regulator?
Zoe Beels
8 January 2026
What is your duty to co-operate with your regulator?
The Institute of Charted Accounts in England and Wales (‘ICAEW ’) has recently imposed a severe reprimand, a £5000 fine and £6,473 costs on a member who failed to cooperate with them during the investigation process. The tribunal found that the member failed to provide information, explanations and documents requested by the ICAEW Conduct Department, including anti-money laundering policies, share documentation, and other requested materials. It was decided this breached the ICAEW’s Investigation and Disciplinary Regulation 16.1.
10 December 2025
Press Round-Up: Regulatory and Professional Discipline – December 2025
This blog contains a Press Round-Up: Regulatory and Professional Discipline for December 2025.
4 December 2025
When AI gets it wrong: Responsible use of AI in accountancy firms
A recent Deloitte Australia AI mishap underscores the risks of reliance on Generative AI tools and should be a warning light for accountants in light of new AI usage requirements in the ICAEW Code of Ethics.
5 November 2025
Expanded AML remit for the FCA: a good or bad thing?
There was a good deal of surprise last week when the government announced that lawyers, accountants and company service providers will in future be supervised by the FCA for money laundering purposes.
20 October 2025
FRC Launches Consultation on New Routes to Resolution Under the Audit Enforcement Procedure
The Financial Reporting Council (FRC) has launched a consultation on proposed reforms to its Audit Enforcement Procedure (AEP), aiming to introduce greater flexibility and proportionality in how audit concerns are addressed. Since its inception, the AEP has faced criticism, particularly from mid-tier firms, for its limited adaptability to cases of varying complexity and seriousness. These concerns have been especially pronounced among firms encouraged by the FRC to enter the Public Interest Entity (PIE) audit market to foster competition.
