UK GDPR and Data Protection Act 2018: Core data protection legislation governing how personal and business data must be handled, processed, and protected when providing accounting services
Companies Act 2006: Primary legislation governing company and accounting requirements in the UK, including statutory accounts preparation and filing obligations
Money Laundering Regulations 2017: Regulations requiring accountants to implement specific procedures for client due diligence and suspicious activity reporting
Supply of Goods and Services Act 1982: Legislation governing the basic requirements for service contracts, including implied terms about reasonable care and skill
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, including restrictions on regulated activities and requirements for authorized persons
Professional Indemnity Insurance Requirements: Professional obligations regarding insurance coverage for accounting services as required by professional bodies and regulators
ICAEW Code of Ethics: Professional ethical standards that must be adhered to by chartered accountants, including integrity, objectivity, and confidentiality principles
Electronic Commerce Regulations 2002: Regulations governing the provision of services through electronic means, including requirements for online contracting and information provision
Proceeds of Crime Act 2002: Legislation relating to money laundering and proceeds of crime, requiring accountants to report suspicious transactions
FRC Ethical Standard: Financial Reporting Council's standards governing ethical behavior and independence requirements for accountants
Limitation Act 1980: Legislation setting time limits for bringing legal claims, relevant for liability clauses and record-keeping requirements
Consumer Rights Act 2015: Legislation protecting consumer rights, applicable when providing accounting services to individual clients or small businesses
