ACCA Syllabus 2026
The register can be accessed via the FSA website at You are our client and our advice is to you alone (or, in the case of joint clients, to each of the joint clients), and solely in respect of the matter under which the relevant advice is given. Third parties may not rely on our advice unless we specifically agree in writing that they may do so, and you may not rely on advice given in previous matters as being applicable to other or later matters.
What Is Professional Indemnity Insurance?
You confirm that you have not entered into the Agreement on the basis of any statement, representation (including any misrepresentation), warranty or other provision relating to the subject matter of the Agreement which is not expressly incorporated into the Agreement, provided always that nothing shall operate to limit or exclude any liability for fraud. If any term or condition of the Agreement is found by any court of competent jurisdiction to be invalid, illegal, or otherwise unenforceable, that provision shall, to the extent necessary, be severed and shall be ineffective, but without affecting any other term of the Agreement, and you agree that we may substitute and rely upon effective provisions in a form as similar to the ineffective provisions as is possible without thereby rendering them illegal, invalid or unenforceable. Any failure by Clayton and Clayton Accountants LLP to insist upon the strict performance of any term of this Agreement, or any failure or delay by Clayton and Clayton Accountants LLP to exercise its rights or remedies (whether under this Agreement or at law) shall not be or be deemed to be a waiver of any right which Clayton and Clayton Accountants LLP may have to insist upon the strict performance of the terms of this Agreement or of any of its rights or remedies in respect of any default under the terms of this Agreement. Having dealt with businesses and contractors for over 20 years, we are asked some questions more than others - here are a few; Generally, Professional Indemnity is not a legal requirement. You will not get prosecuted for not holding Professional Indemnity Cover.
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However, depending on what your profession is, there maybe regulatory requirements imposed by your association or governing body to hold Professional Indemnity as a compulsory insurance. We will only use your details to provide you with Insurance terms. As such we will pass your information only to appropriate insurers to obtain bet new gambling sites 2026 an insurance quote for you. If you pay for your premium using a finance facility, then your details may be used for credit referencing to check your financial standing when you apply for credit. We will always contact you beforehand to ensure that you are aware that your Insurance Policy will automatically renew. We accept no liability to any third party to whom you provide our advice or who relies on that advice. In the event of any third party bringing a claim against us in relation to any of our advice which you have provided to them (directly or indirectly) or instructed us to provide to them, then you agree to indemnify us in relation to such claim. Where we instruct or liaise with other professional advisors on your behalf, including overseas advisors, we will not be responsible for the appropriateness or accuracy of the advice given by them, or for payment of their costs, fees and expenses.
What Level of Professional Indemnity Insurance Do I Need?
We will also be entitled to withhold all your papers and documents while there is money owing to us for our charges and expenses (including any outstanding sums due in respect of VAT). Neither you nor we will be liable for any delay or failure of our respective obligations as a result of causes beyond our control. This will include but will not be limited to fire, flood, acts of God, acts and regulations of any governmental or supranational authority, war, riots, acts of terrorism, epidemic, pandemic, strikes, lockouts, failures by third party utility providers (including internet or third-party server failure), and industrial disputes. No person or entity who is not a party to this Agreement will have any rights under the Contracts (Rights of Third Parties) Act 1999 or otherwise to enforce any rights under the Agreement. We may contact you during the course of the Agreement by any means (whether in writing, by fax or using electronic communications or otherwise).
Do I need a degree to do ACA or ACCA?
For the purposes of the Agreement, any notice or communication which we send to you will be treated as being received: (a) if delivered personally, at the time of delivery; or (b) if sent by fax or email, at the time of transmission; or (c) if sent by post or recorded delivery, 48 hours after posting; (d) or if sent by airmail, 72 hours after posting. (e) if uploaded to your account onto our online document portal We do not accept the service of formal notices or communications by fax or email and any formal notice or communication required to be given to us under or in connection with the Agreement must be in writing and be delivered to us personally or sent by prepaid first-class post or recorded delivery to our registered office. Any such formal notice or communication shall be validly served upon us only when we actually receive it. This condition will not apply to the service of any legal proceedings or other documents in any legal proceedings. The Agreement constitutes the entire agreement between us. We do not provide advice which relates to the laws of any jurisdiction outside England and Wales, and you may not rely on any advice we give as being applicable or accurate in relation to any other jurisdiction. We accept no liability for any failure to provide services or advice in relation to any issue which falls outside the scope of our engagement. We accept no responsibility to notify you of, or of the consequence of, any change in the law (or in its interpretation), or of any other event which occurs outside the scope of our engagement, or after the date upon which the relevant service or advice is provided. We will not be liable for any loss of profit, or any indirect loss or damage suffered (including for the avoidance of doubt any loss of opportunity, income, accruals or production) in relation to the provision of any services or advice by us.
How to Choose: ACA or ACCA?
The register can be accessed via the FSA website at You are our client and our advice is to you alone (or, in the case of joint clients, to each of the joint clients), and solely in respect of the matter under which the relevant advice is given. Third parties may not rely on our advice unless we specifically agree in writing that they may do so, and you may not rely on advice given in previous matters as being applicable to other or later matters. We accept no liability to any third party to whom you provide our advice or who relies on that advice. In the event of any third party bringing a claim against us in relation to any of our advice which you have provided to them (directly or indirectly) or instructed us to provide to them, then you agree to indemnify us in relation to such claim. Where we instruct or liaise with other professional advisors on your behalf, including overseas advisors, we will not be responsible for the appropriateness or accuracy of the advice given by them, or for payment of their costs, fees and expenses.
4.3 Excess limits
We do not provide advice which relates to the laws of any jurisdiction outside England and Wales, and you may not rely on any advice we give as being applicable or accurate in relation to any other jurisdiction. We accept no liability for any failure to provide services or advice in relation to any issue which falls outside the scope of our engagement. We accept no responsibility to notify you of, or of the consequence of, any change in the law (or in its interpretation), or of any other event which occurs outside the scope of our engagement, or after the date upon which the relevant service or advice is provided. We will not be liable for any loss of profit, or any indirect loss or damage suffered (including for the avoidance of doubt any loss of opportunity, income, accruals or production) in relation to the provision of any services or advice by us. The extent of our liability to you will be limited to the amount specified in our letter of engagement or, if no sum is specified, the amount of our professional indemnity insurance limit at the time any claim is notified to us. The extent of our liability to you will be limited to the amount specified in our letter of engagement or, if no sum is specified, the amount of our professional indemnity insurance limit at the time any claim is notified to us. Nothing in the Agreement (as defined in section 16, below) will restrict or exclude our liability to you for death or personal injury resulting from our negligence, or in any other circumstances where our liability may not be so limited under any applicable law or regulation (for example, if there is any fraud on our part). If you accept any exclusion or limitation of liability from any of your other professional advisors, then our liability to you will not exceed the amount for which we would have been liable after deducting any amount which we would have been entitled to recover pursuant to the Civil Liability (Contribution) Act 1978 or otherwise, but are prevented from doing so because of any such exclusion or limitation. Clayton and Clayton Accountants LLP alone will provide the services to you.
Changes ahead for ACCA member firms
It would be good business practice to regularly check with staff and partners if there are any problems that should be notified. This is particularly important prior to the renewal of a policy, as a change of insurers may occur which could subsequently result in a potential non-disclosure of a notifiable event. Our main goal is to protect you and your business. Somerset House,37 Temple Street,Birmingham B2 5DP Ready to protect your business?Get expert advice and a tailored commercial insurance quote today. ✔ Independent broker✔ Access to leading UK insurers✔ Fast turnaround Let us review your current insurance and see if we can improve your cover while reducing the cost. You agree that you will not bring any claim, whether in contract, tort, negligence, or for breach of statutory duty or otherwise against any member, or Partner of, consultant to, or employee or agent of Clayton and Clayton Accountants LLP. In accordance with requirements, we currently have Professional Indemnity Insurance cover with Glemham Underwriting Limited.
Which Firms Provide PII Insurance for Accountants?
An invoice would have been emailed to you once payment has been received online, or can be downloaded when you log in. Alternatively, please contact us and we will send you a copy. A claim is generally notifiable under a Professional Indemnity policy when the insured first becomes aware of circumstances that could lead to a claim. This could be anything from a verbal criticism to receipt of a statement of claim. Verbal complaints from a dissatisfied customer, or threats to take the matter further A client that refuses to settle or delaying settlement of your fees Letters or email of a complaint alleging neglect, error or omission A client that wants to change Professional Adviser The interpretation of when this situation occurs is the source of frequent policy disputes between the insurer and insured, so always be on your guard. Our insurers may be contacted via The Technology Centre Station Road Framlingham Woodbridge IP13 9EZ We are committed to promoting equality and diversity in all bet betting odds comparison websites of our dealings with clients, third parties and employees. Please contact us if you would like a copy of our equality and diversity policy. If at any time you wish us to cease work or incurring charges and expenses on your behalf, you must tell us this clearly in writing. If we decide to stop acting for you we will tell you the reason and give you notice in writing. In the event of termination of the Agreement, you will remain liable to pay for all unbilled work and any outstanding expenses. We will also be entitled to withhold all your papers and documents while there is money owing to us for our charges and expenses (including any outstanding sums due in respect of VAT). Neither you nor we will be liable for any delay or failure of our respective obligations as a result of causes beyond our control. This will include but will not be limited to fire, flood, acts of God, acts and regulations of any governmental or supranational authority, war, riots, acts of terrorism, epidemic, pandemic, strikes, lockouts, failures by third party utility providers (including internet or third-party server failure), and industrial disputes. No person or entity who is not a party to this Agreement will have any rights under the Contracts (Rights of Third Parties) Act 1999 or otherwise to enforce any rights under the Agreement. We may contact you during the course of the Agreement by any means (whether in writing, by fax or using electronic communications or otherwise). For the purposes of the Agreement, any notice or communication which we send to you will be treated as being received: (a) if delivered personally, at the time of delivery; or (b) if sent by fax or email, at the time of transmission; or (c) if sent by post or recorded delivery, 48 hours after posting; (d) or if sent by airmail, 72 hours after posting. (e) if uploaded to your account onto our online document portal We do not accept the service of formal notices or communications by fax or email and any formal notice or communication required to be given to us under or in connection with the Agreement must be in writing and be delivered to us personally or sent by prepaid first-class post or recorded delivery to our registered office. Any such formal notice or communication shall be validly served upon us only when we actually receive it.
| Coverage Element | Description | Typical Inclusion |
|---|---|---|
| Civil Liability | Covers negligence, error, or omission in professional services. | Standard |
| Defence Costs | Legal and investigation costs, often in addition to limit. | Standard |
| Loss of Documents | Covers costs to replace or restore lost/damaged client documents. | Standard |
| Libel & Slander | Covers defamation claims arising from professional activities. | Often Included |
| Fidelity Guarantee | Covers client money loss due to employee dishonesty. | Optional / Recommended |
This condition will not apply to the service of any legal proceedings or other documents in any legal proceedings. The Agreement constitutes the entire agreement between us. You confirm that you have not entered into the Agreement on the basis of any statement, representation (including any misrepresentation), warranty or other provision relating to the subject matter of the Agreement which is not expressly incorporated into the Agreement, provided always that nothing shall operate to limit or exclude any liability for fraud. If any term or condition of the Agreement is found by any court of competent jurisdiction to be invalid, illegal, or otherwise unenforceable, that provision shall, to the extent necessary, be severed and shall be ineffective, but without affecting any other term of the Agreement, and you agree that we may substitute and rely upon effective provisions in a form as similar to the ineffective provisions as is possible without thereby rendering them illegal, invalid or unenforceable. Any failure by Clayton and Clayton Accountants LLP to insist upon the strict performance of any term of this Agreement, or any failure or delay by Clayton and Clayton Accountants LLP to exercise its rights or remedies (whether under this Agreement or at law) shall not be or be deemed to be a waiver of any right which Clayton and Clayton Accountants LLP may have to insist upon the strict performance of the terms of this Agreement or of any of its rights or remedies in respect of any default under the terms of this Agreement. Having dealt with businesses and contractors for over 20 years, we are asked some questions more than others - here are a few; Generally, Professional Indemnity is not a legal requirement. You will not get prosecuted for not holding Professional Indemnity Cover.
- Consideration for higher limits based on client contracts or sectors
- Joint audits may require specific provisions in the PI policy
- Insured must disclose all material facts to the insurer
- Retroactive date is a critical policy feature to review
- Notification of circumstances clauses must be adhered to strictly
However, depending on what your profession is, there maybe regulatory requirements imposed by your association or governing body to hold Professional Indemnity as a compulsory insurance. We will only use your details to provide you with Insurance terms. As such we will pass your information only to appropriate insurers to obtain bet new gambling sites 2026 an insurance quote for you. If you pay for your premium using a finance facility, then your details may be used for credit referencing to check your financial standing when you apply for credit. We will always contact you beforehand to ensure that you are aware that your Insurance Policy will automatically renew. An invoice would have been emailed to you once payment has been received online, or can be downloaded when you log in. Alternatively, please contact us and we will send you a copy. A claim is generally notifiable under a Professional Indemnity policy when the insured first becomes aware of circumstances that could lead to a claim. This could be anything from a verbal criticism to receipt of a statement of claim.
Professional indemnity insurance for accountants
Nothing in the Agreement (as defined in section 16, below) will restrict or exclude our liability to you for death or personal injury resulting from our negligence, or in any other circumstances where our liability may not be so limited under any applicable law or regulation (for example, if there is any fraud on our part). If you accept any exclusion or limitation of liability from any of your other professional advisors, then our liability to you will not exceed the amount for which we would have been liable after deducting any amount which we would have been entitled to recover pursuant to the Civil Liability (Contribution) Act 1978 or otherwise, but are prevented from doing so because of any such exclusion or limitation. Clayton and Clayton Accountants LLP alone will provide the services to you. You agree that you will not bring any claim, whether in contract, tort, negligence, or for breach of statutory duty or otherwise against any member, or Partner of, consultant to, or employee or agent of Clayton and Clayton Accountants LLP. In accordance with requirements, we currently have Professional Indemnity Insurance cover with Glemham Underwriting Limited.
8.2 Scope of AAT licence
Our insurers may be contacted via The Technology Centre Station Road Framlingham Woodbridge IP13 9EZ We are committed to promoting equality and diversity in all bet betting odds comparison websites of our dealings with clients, third parties and employees. Please contact us if you would like a copy of our equality and diversity policy. If at any time you wish us to cease work or incurring charges and expenses on your behalf, you must tell us this clearly in writing. If we decide to stop acting for you we will tell you the reason and give you notice in writing. In the event of termination of the Agreement, you will remain liable to pay for all unbilled work and any outstanding expenses. Verbal complaints from a dissatisfied customer, or threats to take the matter further A client that refuses to settle or delaying settlement of your fees Letters or email of a complaint alleging neglect, error or omission A client that wants to change Professional Adviser The interpretation of when this situation occurs is the source of frequent policy disputes between the insurer and insured, so always be on your guard.
4. ACCA Professional Indemnity Insurance Regulations
Free no-obligation insurance review tailored to your business Zero broker fee on all new policies Fast response from a real insurance specialist We’re authorised and regulated by the FCA. You can check our registration on the FCA Register. It would be good business practice to regularly check with staff and partners if there are any problems that should be notified.
| Firm/Individual Category | Minimum Limit per Claim (GBP) | Aggregate Limit (GBP) | Basis of Calculation |
|---|---|---|---|
| Sole Practitioner | 100,000 | 1,500,000 | Annual Fee Income |
| Partnership (2-5 partners) | 500,000 | 3,000,000 | Aggregate Fee Income |
| Corporate Practice | 1,000,000 | 5,000,000 | Turnover & Risk Profile |
| Insolvency Licence Holder | 1,500,000 | 10,000,000 | Statutory Requirement |
This is particularly important prior to the renewal of a policy, as a change of insurers may occur which could subsequently result in a potential non-disclosure of a notifiable event.
- Proof of insurance must be submitted annually to ACCA
- Failure to maintain insurance can lead to disciplinary action
- ACCA may request a certificate of insurance at any time
- The policy must be in the name of the firm or sole practitioner
- Cover must be continuous with no gaps
Our main goal is to protect you and your business. Somerset House,37 Temple Street,Birmingham B2 5DP Ready to protect your business?Get expert advice and a tailored commercial insurance quote today. ✔ Independent broker✔ Access to leading UK insurers✔ Fast turnaround Let us review your current insurance and see if we can improve your cover while reducing the cost. Free no-obligation insurance review tailored to your business Zero broker fee on all new policies Fast response from a real insurance specialist We’re authorised and regulated by the FCA. You can check our registration on the FCA Register.