BusinessBusiness RecoveryICAEW provides update on insolvency member numbers

ICAEW provides update on insolvency member numbers

Institute has licensed more than 700 insolvency practitioners

The ICAEW licensed 710
insolvency
practitioners
in 2006 compared to 706 the previous year, out of a
UK industry total of approximately 1,700, a new report revealed.

The Institute granted 26 new licences to insolvency practitioners during
2006.

Twenty were granted to institute members and 6 to non-members who became
affiliates, of whom the majority were in firms controlled by Institute members.

In addition, 16 new licence applications were granted to take effect from 1
January 2007.

Vernon Soare, executive director, professional standards at the ICAEW, said:
‘The institute’s approach to insolvency regulation reflects its determination to
ensure that the public interest is taken fully into account.

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