ICAEW awaits probate decision
ICAEW's push for members to have the option of providing services is still pending a decision by the DCA
ICAEW's push for members to have the option of providing services is still pending a decision by the DCA
The ICAEW
expects to hear from the government in the next few weeks whether its
members will be able to undertake probate services.
The institute has been lobbying for its members to be able to carry out
probate services over the last year, and an answer from the
Department for Constitutional
Affairs should be imminent.
If agreed, members would be able to prepare papers to obtain a grant of
probate on behalf of clients. Currently, only solicitors can undertake this
service for clients.
‘The application process is a slow one and the department may insist on
certain requirements that we would find difficult to accept, but we are trying,’
said ICAEW chief executive Michael Izza.
Probate is usually required for executors of a will to distribute its funds.
Further reading:
Door left open for profession to offer
legal services
Profession blocked from legal services says
ICAEW
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...
View articleThe IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...
View articleKPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...
View articlePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View article