Helping independent accountancy firms achieve technical and regulatory excellence
We know that, although you strive for technical excellence and take regulatory matters seriously, you didn’t set up your practice so that you could spend your time dealing with compliance. You understand the importance of meeting the ever-increasing volume of technical and regulatory demands placed upon you, but probably don’t have the need for a full-time professional standards partner.
We work with you to ensure that you have the necessary systems and procedures in place, recognising that the appropriate level of support depends on the size and complexity of your practice. You can engage us for anything from a one-off project to review your existing arrangements and implement improvements, to an ongoing retainer under which we will help you to deal with issues and queries as they arise.
Edward Rands BSc FCA
Director
Edward Rands founded ECR Professional Limited in March 2019.
Edward qualified as a chartered accountant with the Institute of Chartered Accountants in England and Wales (ICAEW) in 1992 and spent twenty years handling technical, regulatory and risk management matters at a large independent firm of chartered accountants, eleven of those years as the Risk and Professional Standards Partner. He has held the positions of Money Laundering Reporting Officer, Audit Compliance Principal, Designated Professional Body Contact Principal and Qualified Person Responsible for Training, and acted as the firm’s lead on all ethical matters. Alongside these roles, Edward led the firm’s technical team, which was responsible for maintaining and updating accounting, auditing and company legal knowledge within the firm, and for dealing with complex issues and queries as they arose. He also took charge of the firm’s professional indemnity insurance arrangements, liaising with brokers and underwriters to ensure that appropriate cover was in place and that complaints, claims and circumstances were handled effectively. Edward founded the UK and Ireland Technical Committee of the firm’s international network and chaired the Committee for five years. He has also been a contributing author of the network’s commercially-published International Financial Reporting Standards manual.
Edward is a member of the ICAEW’s Investigation Committee. He is also a member of the ICAEW Audit and Assurance Faculty’s ISA Panel, which contributes to the development of International Standards on Auditing and associated requirements. Until December 2020, he spent nine years as a member of the ICAEW’s Audit Registration Committee (six of those years as Vice-Chairman), and six years as a member of the ICAEW’s Professional Indemnity Insurance Committee.