The Government’s ‘failure to prevent fraud’ offence came into force on 1 September 2025 under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). This marks a major shift in how corporate fraud is prosecuted, and there is a concern that many professional services firms may not yet appreciate the risks it may create for them.

Karen Eckstein Ltd frequently advises professional services firms on the contractual issues relating to AI, as well as commercial, operational and procedural issues (see below). They also include the changes proposed by ICAEW in proposed terms for all professionals, as they think that they represent best practice generally.

The 3 verification options for ACSP

Whilst most accountancy firms are aware of the new Authorised Corporate Service Provider (ACSP) regime and may have decided to register as an ACSP so that they can file documents at Companies House on behalf of their clients, we have noticed that many other professional service firms have not realised that they may be caught by the ACSP regime if they also file documents at Companies House. For example, insolvency practitioners, law firms, tax advisers, and many more may find

Overwhelm can be defined as the tipping point when the demands of your job outweigh your ability to cope – either mentally or physically. It’s when it all stacks up to be ‘too much’ and your collective stresses mean you become unable to function properly or effectively. It’s a crisis of sorts.

Workplace wellbeing support needs to be a genuine part of the fabric of the organisation. It’s about creating an environment where people feel understood and able to ask for help whenever they need it. It’s also important that a support network is simple to manage so that it has longevity and becomes a familiar part of the company’s culture.

Staying safe online is vital for every business of every size, because all data is attractive to cyber criminals. From basic data mining (pulling together lists of contacts) all the way through to the more sinister end of the scale – accessing private and sensitive data, financial information, medical records and more

Any form of personal development is positive – bolstering feelings of accomplishment, satisfaction and self-esteem

The Economic Crime and Corporate Transparency Act (ECCTA) was introduced to improve governance and compliance standards