ICAEW provides update on insolvency member numbers

The ICAEW licensed 710
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

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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