Important changes effective today: Revised Insolvency Code of Ethics and IGP: Dealing with Complaints

1 October 2025

As previously communicated, please be aware of two very important changes to insolvency practice in effect from today:

1. Revised Insolvency Code of Ethics

The revised Code of Ethics aligns the requirements applicable to insolvency practitioners to the those in the amended International Ethics Standards Board of Accountants (IESBA) Code which was adopted by ICAEW on 1 July 2025 and ICAS on 1 January 2025. The revisions relate to professional behaviour, role and mindset and technology, with consequential amendments as a result of the withdrawal of Chartered Accountants Ireland as an insolvency Recognised Professional Body (RPB) and the withdrawal of ICAEW and ICAS as prescribed accountancy bodies in the Republic of Ireland.

Click to view the revised Insolvency Code of Ethics together with a short explanatory text. You can also view a comparison between the previous Code of Ethics and the new revised edition.

The changes to the Code of Ethics were discussed in detail at the IPA Learning Ethics in Insolvency: A Focus on Professional Behaviour, Competence and Due Care webinar on 2 July 2025, available for purchase here.

2. Revised Insolvency Guidance Paper: Dealing with Complaints

The Control of Cases Insolvency Guidance Paper (IGP) has remained in place since 2009 during which time the insolvency market and profession have significantly changed. The principal revision to the IGP is the introduction of a more hierarchical structure outlining general considerations and more detailed recommended practical steps to be taken by IPs.

View the new IGP here and a comparison with the previous IGP here.