A Truro based accountancy firm are celebrating the success of a Partner in passing a new and important exam.
Nick Skerratt, Partner at Robinson Reed Layton, the independent firm of Chartered Accountants and Chartered Tax Advisers, has passed the Institute of Chartered Accountants in England and Wales’ (ICAEW) new exam for probate and estate administration.
With the ICAEW set to become an approved regulator and licensing authority for probate work, chartered accountants will be able to apply to become ‘authorised or licensed’ for the purposes of probate work.
Since Nick has passed the initial ICAEW exam for probate and estate administration, he is now eligible to apply for his licence to undertake probate work on behalf of clients and has been selected by the ICAEW to take part in the pilot applications.
Nick said: “I was thrilled to be asked by the ICAEW to take part in the pilot applications for probate work. I would very much like to become one of the first Chartered Accountants to obtain this qualification in the UK.”
If Nick’s application is successful, he will become one of the first Chartered Accountants in the country to be licensed to apply for probate – an act which was previously a ‘reserved legal activity’, only to be carried out by ‘authorised’ persons such as solicitors.