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Practice Assurance fundamentals

A guide to the fundamental elements of the Practice Assurance scheme – a useful overview as you set up a new firm or as a reminder for existing Practice Assurance firms.

Most of the content on this Practice Assurance page relates to firms of every size, but where a section relates only to a specific size, you will find one of these icons:

Shining  New firms

Person  Sole practitioners and smaller firms

People  Larger firms 

What you need to know webinar

If you are setting up in practice, preparing for an ICAEW monitoring visit or would like to update your knowledge on the regulations, this webinar sets out the fundamentals of Practice Assurance. The webinar is split into chapters so you can select which sections you watch when it’s convenient to you. In addition to watching the webinar, you can download the webinar slides for reference.

Common pitfalls for new firms Shining

You’ll find this guidance useful if you have recently registered a new firm. We review the common areas on which practitioners ask for clarification and advice.