The Institute of Chartered Accountants in England and Wales has published a technical release containing revised guidance for skilled persons’ reviews under the Financial Services and Markets Act 2000 (FSMA).
The purpose of the guidance is to provide supplemental guidance to skilled persons in undertaking their role and carrying out their responsibilities in connection with a skilled person reporting engagement. The guidance is not mandatory nor is to endorsed by the FCA or PRA.
The revised guidance is intended to be used for skilled persons’ reporting engagements commissioned on or after December 2014 under section 166 and 166A of FSMA.
View ICAEW guidance for skilled persons’ reviews, 25 February 2015