Corporate report

Monitoring of insolvency practitioner authorising bodies: Association of Chartered Certified Accountants (ACCA) follow-up targeted monitoring report 2017

Report of a follow up visit to monitor the ACCA's regulation of insolvency practitioners

Documents

ACCA follow-up targeted monitoring report 2017

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Details

The Association of Chartered Certified Accountants (ACCA) is a Recognised Professional Body (RPB) which authorises and regulates insolvency practitioners . As at 1 January 2017, the ACCA 109 licensed practitioners of which 103 were taking insolvency appointments. From the beginning of this year, the ACCA has contracted out its regulatory functions, other than the initial authorisation of insolvency practitioners, to the Insolvency Practitioners Association (IPA).

A targeted monitoring visit to the ACCA authorisation team was carried out in February 2016 by the Insolvency Service and a report published in August 2016.

A further follow-up visit was carried out in February 2017 and this report outlines the progress made by ACCA against previous recommendations and also notes some other findings from the visit.

Published 19 July 2017