A selection of regulatory and conduct updates and communications from the ICAEW Professional Standards Department.

ICAEW Regulatory News

Money laundering reporting officers (MLROs) take on specific and personal responsibilities under the anti-money laundering (AML) regulatory regime. We catch up with some experienced MLROs, who offer an insight into how their roles are evolving and discuss the skills they need to meet their obligations.

The MLRO: an ever-evolving role

ICAEW’s revised CPD framework has seen high levels of member engagement during its first year. Julia Penny, ICAEW Council member and past President, and Sophie Wales, Director of Regulatory Policy at ICAEW, review progress so far, and reflect on the value of CPD in maintaining standards and strengthening trust in the profession.

CPD changes prompt renewed focus on lifelong learning

2025 changes to Audit Regulations are now confirmed and will take effect on 1st June. The new regulations introduce a requirement for ICAEW-registered audit firms to notify ICAEW when appointed to certain complex or high-risk audits. There is also a new requirement for sole practice auditors to appoint an alternate. Sole practice auditors will have until the end of a six month transition period to appoint an alternate (ie, until 1st December 2025).

Check out the original article this audio is based on at:

2025 Audit Regulations changes: movement of audits and sole practitioner alternates

ICAEW is a professional membership organisation that provides insight and leadership to the global accountancy and finance profession.