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From garage to unicorn – Employment law lessons for scaling tech teams
Catherine Bourne
There was a good deal of surprise last week when the government announced that lawyers, accountants and company service providers will in future be supervised by the FCA for money laundering purposes.
The Financial Reporting Council (FRC) has launched a consultation on proposed reforms to its Audit Enforcement Procedure (AEP), aiming to introduce greater flexibility and proportionality in how audit concerns are addressed. Since its inception, the AEP has faced criticism, particularly from mid-tier firms, for its limited adaptability to cases of varying complexity and seriousness. These concerns have been especially pronounced among firms encouraged by the FRC to enter the Public Interest Entity (PIE) audit market to foster competition.
Here is the press round-up in the Regulatory and Professional Discipline sector covering the following dates: August and September 2025
The Joint Insolvency Committee, in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Chartered Accountants of Scotland (ICAS) and the Insolvency Practitioners Association (IPA), has approved and issued a revised Insolvency Code of Ethics. The updated Code took effect from 1 October 2025.
The Institute and Faculty of Actuaries (IFoA) has introduced new Diversity, Equity and Inclusion (DEI) requirements to the Actuaries’ Code and associated Guidance following a lengthy and wide-ranging consultation process with members, employers and other stakeholders.
These revisions reflect a broader regulatory trend, mirroring developments at bodies such as the SRA and ICAEW, towards strengthening professional ethics and workplace culture, particularly in relation to the fair treatment of others.
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