RegulationAccounting StandardsICAS members set to swoop on probate work

ICAS members set to swoop on probate work

Accountants to challenge lawyers

ICAS accountants working in England and Wales look set to challenge lawyers
by being able to offer
probate
services
in the winding up of deceased estates. 

This follows the legal services consultative panel, chaired by
Lord Justice
Moore-Bick,
recommending to the Ministry of Justice that ICAS be granted
approved body status for the provision of probate services.

A report in
The
Scotsman
said 1,300 ICAS members working in England and
Wales were about to be granted rights to offer these services.

The market for probate services is worth millions of pounds and, until now,
the preparation of papers to obtain a grant of probate has been the solely
undertaken by solicitors.

ICAS chief executive Anton Colella said: ‘We think allowing chartered
accountants to provide probate services is a good thing for the public in terms
of providing more choice without compromising quality, and a good thing for our
members.’

Further reading:

ICAS urges FRC contingency plans for Big Four collapse


What’s the big ICAS secret?

ICAS’s closed door policy is out of step

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