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Setting up in practice

When you are starting up in practice it is important that you are aware of the legal and regulatory requirements. Our Setting up in practice pages will help you answer some of the questions you may have.

The key to running both a successful accountancy practice and making it profitable is to run it as a business.

In this section

Are you ready to go into public practice?

Practice Assurance

Our Practice Assurance scheme provides ICAEW members working in practice with a framework of principles-based quality assurance standards. These resources will help firms develop appropriate procedures and guidance to enable them to comply with the standards.

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.