 Under the Companies Act, Insolvency Act & Financial Services and Markets Act, only the ACCA, ICAEW, CAI and ICAS are able to authorise members to conduct all the legally restricted work of insolvency and 'investment business work' in the United Kingdom.In the UK, there is no licence requirement for individuals to describe themselves or practise as an accountant (except for audit or insolvency work).However, to use certain titles and designatory letters requires membership of the appropriate professional body, thus