Institute of Chartered Accountants in England and Wales
Whilst the ICAEW is not subject to the Freedom of Information Act, it is an approved regulator of legal services and performs various other regulatory functions. Under UK law, statutory auditors must be registered with an approved supervisory body, and the ICAEW is one of only five such bodies that have been approved by the secretary of state. In some cases, where UK accounting firms are fined as part of regulatory action, the ICAEW keeps the fines. The ICAEW is also named as supervisory authority in UK anti-money laundering legislation