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Course Outline

Many firms remain unaware of the requirements under the new ICAEW Practice Assurance Scheme and what they must do to ensure they are compliant. The Scheme was introduced in Autumn 2004, the question is, are you complying with it?

This course will significantly increase awareness of the regime, provide practical guidance for firms affected and ensure such firms are adequately prepared.

Content

  • What is the ICAEW Practice Assurance Scheme?
  • How will the scheme affect your firm?
  • The four practice assurance standards
    - Laws, regulations and professional standards
    - Client acceptance and disengagement
    - Competence
    - Quality control
  • How best to achieve compliance with the standards
  • Typical practical issues and how to resolve them
  • Using checklists to ensure adequate documentation of all procedures
  • The new style Annual Return
  • Preparing for and surviving your first practice assurance visit

This course is on CD and prvides 2 hours CPD. This course will be particularly relevant to partners and managers who are responsible for their firm’s compliance with the new regime. It will also be relevant for professional employees of the practice who will be involved in implementing the new procedures.

All subscribers to our practice assurance manual automatically receive a free copy of this course on CD.