AN EXPANSION of legal services that can be offered by ICAEW members is being looked into by the institute.
With more than 150 probate and ABS (alternative business structure) licences now held by its membership, the ICAEW is now considering further services they can offer, CEO Michael Izza told Accountancy Age.
“We’re thinking about our next steps and have an appetite to extend further – watch for that in the new year,” said Izza.
The institute spent many years working towards gaining the ability to issue the licences, following the opening up of legal services through the Legal Service Act 2007. It faced opposition to its plans from the Law Society in 2013, before gaining licensing authority status in 2014.
In a wide-ranging interview Izza also spoke of concerns about the audit threshold, where companies become exempt from having an external audit, climbing higher, and how digital advancements are changing the way in which practices deliver services.
Visit Accountancy Age next week for the full discussion.
The AAT has become the first accountancy body to sign the Women in Finance Charter, which is designed to help achieve gender balance in the financial services industry
New government measures to target abuse of a VAT simplification scheme may have 'unwelcome consequences' for small businesses, says the institute
Fiona Wilkinson to take up the position in June 2017
The AAT will deliver the end point assessments for the apprenticeships