Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
12 November 2020
Insolvency Practitioners: the regulator’s reach is wide when it comes to integrity
It goes without saying that Insolvency Practitioners must behave honestly and with integrity in all their professional dealings. IPs must handle money and assets in a way which justifies the trust placed in them, but some professionals don’t realise that the way they behave on a Saturday night may be just as relevant to their ability to continue in their chosen profession as the way they behave on a Monday morning.
3 November 2020
The ICAEW’s new guidance on reporting misconduct: a wider net
In October the ICAEW updated its Guidance on the Duty to Report Misconduct. The ICAEW first issued Guidance on this topic way back in 1993. While amendments have been made since then to update references to legislation, bye-laws and guidance, this is the first wholesale re-issue. So what’s changed? The fundamental principle that it’s in the public interest to report matters which, if left unreported, could adversely affect the reputation of the profession, remains the same . However, there are some quite significant changes to the detail of what should be reported, reflecting a shift in attitudes since 1993 in the requirements and expectations of professionals. The new Guidance adds to this the need to report matters which, if left unreported, could adversely affect the reputation of the ICAEW, as the regulator.
30 October 2020
Cannabis and the UK investor – two years on
Headlines such as “Spain becomes cannabis hub as criminals fill tourism void” (The Guardian 9 October 2020) serve to remind us of the endemic demand for marijuana, the resultant profits to be made and enforcement agencies’ inability to control Europe’s illegal trade run by drug mafias. By contrast, Canada, on 17 October 2018 and following the example of Uruguay, elected to legalise adult personal possession, sharing and cultivation of recreational cannabis.
26 October 2020
ICAEW publishes its Audit Monitoring Report 2020 –what can you can learn from it?
The regulatory focus on audit standards continues. The ICAEW has now published its Audit Monitoring Report 2020 , which summarises the findings from the audit monitoring visits of its Quality Assurance Department (“QAD”) in 2019. What does the Report tell us about audit standards, and does it offer any assistance for firms seeking to improve the quality of their audits?
21 October 2020
Innovation and Regulation – Necessary Bedfellows
There is no buzzword in the legal sector right now louder than ‘Innovation’. The disruption caused by COVID has rapidly accelerated both the appetite and timescale for technological progress in the sector. It has created the urgency for change which is so often required before people to move out of their comfort zone, in particular lawyers.
