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The Institute of Chartered Accountants in England and Wales (ICAEW)

The ICAEW does not set financial reporting requirements but has issued guidance for members on a variety of topics. Some of this is available to the public on its website.

Some material is available only to ICAEW members or to members of particular faculties. There is a Financial Reporting Faculty which has its own section of the website containing information on financial reporting topics available only to subscribers.

Guidance issued by the ICAEW which is generally available and may be of interest includes the following (all links to ICAEW website).

  • TECH 02/10 ‘Guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006’ which provides guidance on applying the law on distributable profits.  Note that in March 2016, the ICAEW and ICAS jointly issued an exposure draft of revised guidance to assist companies in determining whether profits made are realised and can be paid out as dividends.  This guidance will eventually replace TECH 02/10.
  • TECH 14/13 ‘Disclosure of auditor remuneration’ which provides guidance on fees for audit and non-audit services.  [This supersedes TECH 04/11].
  • TECH 07/13BL 'Exemption for audit by parent guarantee' which provides guidance on the exemption from audit under S479A-S479C of the Companies Act 2006 for subsidiary companies whose liabilities are guaranteed by their parent. 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.