Companies Act 2006: Primary legislation governing company operations, accounts, and reporting requirements in the UK. Essential when preparing accounts for limited companies.
Partnership Act 1890: Fundamental legislation governing partnerships in England and Wales, relevant when preparing accounts for partnership entities.
Data Protection Act 2018 and UK GDPR: Legislation governing the handling and protection of personal data, crucial for managing client information in engagement letters.
Money Laundering Regulations 2017: Regulations requiring due diligence and compliance procedures to prevent money laundering, mandatory for professional service providers.
Proceeds of Crime Act 2002: Legislation addressing money laundering and proceeds of crime, relevant for reporting obligations and due diligence requirements.
ICAEW Code of Ethics: Professional ethical guidelines for chartered accountants, setting standards for professional behavior and service delivery.
Financial Reporting Standards (FRS): UK accounting standards providing guidelines for financial reporting and account preparation.
International Financial Reporting Standards (IFRS): Global accounting standards that may be relevant for certain clients or international operations.
Common Law of Contract: Body of case law governing contract formation, terms, and enforcement in England and Wales.
Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts, particularly relevant for limitation of liability clauses.
Consumer Rights Act 2015: Legislation protecting consumer rights, applicable if the client qualifies as a consumer rather than a business.
Supply of Goods and Services Act 1982: Legislation governing the provision of services, setting standards for service quality and delivery.
Financial Services and Markets Act 2000: Primary legislation regulating financial services in the UK, relevant if engagement involves financial service activities.
Financial Services Act 2012: Updated regulatory framework for financial services, including amendments to FSMA 2000.
Professional Indemnity Insurance Requirements: Regulatory requirements for maintaining professional insurance coverage for service providers.
