General Practice Packages
Structured guidance for accountancy work in unregulated areas, including AML compliance.
Our Practice Assurance Compliance Manual provides guidance and supporting documentation that will help you to establish and maintain quality control procedures within your firm.
Focusing on the requirements of the ICAEW's Practice Assurance Scheme, the manual will help you to:
- assess your current performance
- implement any necessary new procedures
- be fully prepared for a Practice Assurance review.
Our Packages
The package is suitable for both ICAEW and ACCA member firms.
Manual Details
Content
- Guidance that sets out how the practice assurance scheme affects ICAEW member firms, what to expect from a regulatory review plus guidance on each of the four practice assurance standards. The guidance on the standards provides both reference material and practical support to help you design and maintain quality control systems within your firm and includes links to where you can find further guidance and support if needed.
- A wide range of supporting checklists that convert best practice guidance into a format that you can use throughout your practice. These include:
- compliance review checklists, such as a practice assurance compliance review, whole firm tax review or a review of clients' money procedures
- a new client checklist
- a client disengagement checklist
- a provision of services regulations checklist
- staff related checklists including a recruitment checklist, induction programme and an annual declaration form covering fit and proper, independence, confidentiality and annual Anti-Money Laundering, Bribery and Criminal Finances Acts confirmations.
- A wide range of supporting documents and reference material including:
- engagement letters covering a wide range of general practice services
- CPD guidance and training needs assessment form
- other example letters such as disengagement and professional enquiry
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