ICAEW appoints new chair of regulatory board

GlobalData

Thu, May 15, 2025, 7:53 AM 2 min read

The Institute of Chartered Accountants successful England and Wales (ICAEW) has appointed Parjinder Basra arsenic the caller seat of its regulatory board.

Basra , who assumed the relation connected 12 May 2025, volition service a three-year word arsenic the laic seat of the ICAEW Regulatory Board (IRB).

Appointed arsenic seat of the IRB, Basra antecedently served arsenic acting seat twice, astir precocious pursuing Paul Brooks' resignation for idiosyncratic reasons successful February.

Basra has a inheritance successful nationalist assemblage enactment wrong policing and healthcare.

ICAEW committee seat Peter Wyman said: “Chartered accountants play a important relation successful strengthening spot and acting successful the nationalist interest, and I americium assured that the IRB volition proceed to conscionable its responsibilities arsenic an effectual betterment regulator nether Parjinder’s leadership.

“I would besides similar to widen my acknowledgment to Paul Brooks for his work arsenic IRB Chair and admit his large publication to ICAEW implicit the past 20 years, from his aboriginal engagement arsenic a subordinate of the Investment Business Committee done to his enactment of the IRB since past summer.”

Basra added: “Acting successful the nationalist involvement is captious to upholding the estimation of ICAEW Chartered Accountants, and the IRB has a cardinal relation to play successful ensuring precocious standards of regularisation and conduct. In a clip of immense societal, economic, and technological change, my precedence is to guarantee we are adapting swiftly, arsenic an betterment regulator, to code immoderate emerging risks.

“I would similar to widen my sincere acknowledgment to Paul Brooks for his outstanding enactment of the Board. I look guardant to moving alongside my chap Board members to finalise and present our caller regularisation and behaviour strategy, ensuring we proceed to safeguard the nationalist interest.”

The IRB is tasked with overseeing ICAEW’s regulatory and disciplinary work, ensuring it acts successful the nationalist involvement and strengthens spot successful the profession.

Established successful 2014, the committee has an adjacent fig of laic and chartered accountant members, enhancing the favoritism betwixt ICAEW’s typical and regulatory roles.

Recently, ICAEW advocated for the voluntary adoption of physics invoicing (e-invoicing) successful the UK, with mandatory implementation postponed until astatine slightest 1 January 2030.

This proposal was made successful effect to the government’s consultation connected expanding e-invoicing adoption among UK businesses and the nationalist sector.

ICAEW “strongly” supports e-invoicing, citing planetary grounds of improved productivity, reduced costs, faster outgo times, amended currency flow, and accrued taxation compliance and revenues.