{"id":18981,"date":"2025-04-24T12:56:51","date_gmt":"2025-04-24T11:56:51","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=18981"},"modified":"2025-12-16T11:57:12","modified_gmt":"2025-12-16T10:57:12","slug":"directors-identity-verification-engagement-letter-templates-for-accountancy-firms-registered-as-acsp","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/directors-identity-verification-engagement-letter-templates-for-accountancy-firms-registered-as-acsp\/","title":{"rendered":"Directors&#8217; Identity Verification Engagement Letter Templates for Accountancy Firms Registered As ACSP"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18981\" class=\"elementor elementor-18981\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1176b647 e-flex e-con-boxed e-con e-parent\" data-id=\"1176b647\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51a3ca44 elementor-widget elementor-widget-text-editor\" data-id=\"51a3ca44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With new identification verification rules set to come into effect in Autumn 2025, directors and Persons with Significant Control (PSCs) may have already begun turning to accountancy firms like yours for assistance. But are you prepared to meet their needs?<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>The good news: FigsFlow has the perfect solution to help you act fast and stay ahead of the competition \u2013 regulatory-compliant identity verification engagement letter templates specifically designed for the new identity verification regime.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>In this post, we\u2019ll walk you through the changes and show you how FigsFlow\u2019s ready-to-use engagement letter templates can save you time, ensure compliance and put you in the driver\u2019s seat when the rules kick in.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 class=\"wp-block-heading\">New Identity Verification Rules: What Accountancy Firms Need to Know<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Under the new identity verification provision, all the new directors must verify their identities with the Companies House or Authorised Corporate Service Provider (ACSP) before assuming their position with their respective organisations. PSCs, those with significant influence or control over the company, must also complete their identity verification within 14 days of assuming the role.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>PSCs are defined as those individuals with:<\/p>\n<ul>\n<li>direct or indirect ownership of more than 25% of shares in the company<\/li>\n<li>direct or indirect control of more than 25% of voting rights in the company<\/li>\n<li>direct or indirect right to appoint or remove the majority of the board of directors<\/li>\n<li>otherwise has the right to exercise, or actually exercises, significant influence or control over the company<\/li>\n<\/ul>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Existing directors and PSCs will have 12 months from Autumn 2025 to complete their identity verification as part of the annual confirmation statement.<\/p>\n<p>As an accountant, you can encourage clients to <a href=\"https:\/\/changestoukcompanylaw.campaign.gov.uk\/identity-verification\/\" target=\"_blank\" rel=\"noopener\">voluntarily verify their identity<\/a>. This voluntary verification started on 8 April 2025. Voluntary verification isn\u2019t mandatory, but it is a great way to get ahead and set yourself apart from the competition.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 class=\"wp-block-heading\">The Urgency: Why You Need an Engagement Letter Right Now<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>With the clock ticking, your firm is likely flooded with client enquiries right now. And remember, your competitors are ready to swoop in and grab prospective customers. This is a huge opportunity and it is critical to act fast.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>By securing your clients with an engagement letter now, you\u2019ll be able to offer them clarity on the service they require immediately. An engagement letter gives you the formal authority to act on their behalf, ensuring everything is done correctly and on time.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p><strong>No engagement letter = No legal authority to act<\/strong>.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>So, don\u2019t risk missing out on the chance to convert these clients into loyal supporters. You can use FigsFlow as it is designed by accountants to be best <a href=\"https:\/\/figsflow.com\/uk\/engagement-letter-software-accountants\/\" target=\"_blank\" rel=\"noopener\">engagement letter software<\/a> for accountancy firms.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 class=\"wp-block-heading\">Skip the Drafting Headache: Use FigsFlow<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>With the new Making Tax Digital (MTD) rollout looming, you don\u2019t want to be bogged down by paperwork. Luckily for you, FigsFlow offers pre-built and customisable engagement letters for <a href=\"https:\/\/figsflow.com\/uk\/acsp-how-can-accountants-prove-verify-clients-identity\/\" target=\"_blank\" rel=\"noopener\">corporate identity verification services<\/a>.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Whether you\u2019re dealing with 5 clients or 5,000, FigsFlow allow you to create legally sound and compelling engagement letters quickly. And because they\u2019re tailored to the latest regulations, you can rest easy knowing your practice is fully compliant.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s Inside the Identity Verification Engagement Letter Template? A Quick Look<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc597dd elementor-widget elementor-widget-bdt-document-viewer\" data-id=\"cc597dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-document-viewer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"bdt-document-viewer\">\n\t\t\t\t\t\t\t\t<iframe src=\"https:\/\/docs.google.com\/viewer?url=https%3A%2F%2Ffigsflow.com%2Fuk%2Fwp-content%2Fuploads%2F2025%2F04%2FEngagement-Letter-Template-ACSP-Identity-verification-service.pdf&#038;embedded=true\" class=\"bdt-document\"><\/iframe>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e761e99 elementor-widget elementor-widget-heading\" data-id=\"e761e99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion: Get FigsFlow, Stay Ahead of the Competition<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e12c148 elementor-widget elementor-widget-text-editor\" data-id=\"e12c148\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Using the right engagement letter template is crucial, especially as the regulatory landscape continues to evolve. While many advocate for automation and systemisation, few provide the precise templates you need. That is where FigsFlow comes in.<\/p>\n<p>We offer visually appealing, regulatory-compliant and customisable engagement letter templates for over 100 services your accountancy firm might offer, including ID verification under the new ACSP regime.<\/p>\n<p>You can access these templates right now by signing up for a <a href=\"https:\/\/app.figsflow.com\/signup?utm_source=website\" target=\"_blank\" rel=\"noopener\">free 30-day trial<\/a>!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Save time and stay compliant with Companies House ID rules with pre-built ACSP engagement letter template. <\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tocer_settings":[],"footnotes":""},"categories":[67,6],"tags":[81,77,84],"class_list":["post-18981","post","type-post","status-publish","format-standard","hentry","category-accountants","category-blog","tag-accounting-firm","tag-acsp","tag-engagement-letter-template"],"acf":[],"_links":{"self":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/18981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/comments?post=18981"}],"version-history":[{"count":1,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/18981\/revisions"}],"predecessor-version":[{"id":33695,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/18981\/revisions\/33695"}],"wp:attachment":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media?parent=18981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/categories?post=18981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/tags?post=18981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}