Framework · Last verified
ICAEW Practice Assurance
ICAEW Practice Assurance is a framework of principles-based quality assurance standards ICAEW member firms and practising certificate holders must follow. Firms with a Practice Assurance contract, plus practising certificate holders and member firms, are required to comply with the Practice Assurance Regulations, which set out how the scheme operates.
- Class
- Framework
- Owner
- ICAEW (Institute of Chartered Accountants in England and Wales)
- Last verified
What it is
ICAEW states: "Our PA scheme provides ICAEW member firms and practising certificate holders with a framework of principles-based quality assurance standards to operate to." It is a compliance framework, not a certificate.
"ICAEW practising certificate holders, member firms and firms with a contract for Practice Assurance are required to comply with the Practice Assurance Regulations. These set out how the Practice Assurance scheme operates."
Who owns it
ICAEW owns and operates the Practice Assurance scheme.
Sources
Last verified:
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