The ICAEW has backed off from its fight to enable accountants to offer
probate services over fears of onerous regulation and costs.
In this morning’s ICAEW council meeting, Vernon Soare, executive director
professional standards, said that the decision to end its fight was made because
of warnings that probate work was ‘regulated in a very intrusive way’ by the
Legal Services Board.
The institute would also be liable for a share of £19m in startup costs and
contributions to the board.
But Soare stressed that accountants currently providing probate services up
to the point at which a solicitor is required, could continue to do so.
The institute has fought for a numbers of years for members to be able to
obtain a grant of probate on behalf of clients, which previously only solicitors
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards