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Professional judgment: making better choices

29 April

2 hours of verifiable CPD

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Making good judgments is at the heart of the accountancy profession. As professionals we learn to make judgments that stand us in good stead. Judgments we can look back on and say confidently that we made the right call. But sometimes judgments go wrong. Often, we learn from them but sometimes we can't work out what went wrong.

ICAEW has been working with Professor Sir Andrew Likierman, on a new model to help professionals make better judgments. In good times we believe the model will help you add more value in your work and be more decisive in decision making. In challenging times, we hope the model will equip you to make better judgments under pressure and give you support and structure when the way ahead is unclear.

We have developed with Sir Andrew a learning tool for auditors on professional judgment. The tool will be available free-of-charge online and will qualify as verifiable CPD for ICAEW members.



Learn a practical research-based model to improve the judgments you make.


Hear from a world leading expert on the topic of professional judgment.


Be among the first to participate in a new initiative from ICAEW to boost skills and help develop your career.


Iain Wright, Managing Director of Reputation & Influence, ICAEW
Keynote presentation
The process for making better judgments (Professor Sir Andrew Likierman)
Panel discussion – making better judgments
Chair Iain Wright, Managing Director of Reputation & Influence, ICAEW
FRC presentation
Professional judgment guidance two years on, lessons learnt (Ramana McConnon, Project Director, FRC)
Applying research in practice
ICAEW's research programme (John Boulton, Director, Policy ICAEW)
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Our speakers

Photo of Professor Sir Andrew Likierman
Professor Sir Andrew Likierman Professor of Management Practice, London Business School

Andrew was also Dean of the London Business School (2009-2017). His research is in judgement in management and he has published on judgment in leadership, professions and the Covid crisis. He was non-executive Chairman of the National Audit Office and of market research firm MORI, and non-executive Director of the Bank of England and Barclays Bank. He is now a Director of Times Newspapers Holdings and of insurance firm Beazley plc.

James Baird
James Baird Professor of Practice, University of Glasgow

James is Professor of Practice at University of Glasgow, with a PhD in audit decision-making. Formerly a Managing Partner for Deloitte in the UK and Switzerland, he is now Audit Committee Chair at Macfarlane Group Plc, a member of the FRC Advisory Panel and Chair of the ICAS Research Panel.

John Boulton (speaker at event)
John Boulton Director, Policy, ICAEW

John is a Chartered Accountant. He is Director of Policy at ICAEW and leads ICAEW's policy work internationally. He has been an auditor, preparer and analyst of listed company corporate reporting and works with regulators and professional bodies around the world to support corporate transparency and the sustainability transition.

Patricia Dimond (speaker at event)
Patricia Dimond CFA, Non Executive Director, Chair of Audit and SID, FTSE 250 PLCs

Patty is Chair of Audit & Risk & SID on a number of FTSE 250 Plc boards in addition to the English National Opera, building on an International Executive career in consumer and financial sectors. She qualified as a Chartered Accountant with the Canadian Institute, is a CFA Charter Holder and a McKinsey & Co Alumna. Patty holds an MBA from IMD Switzerland and is the co-author of Driven to the Brink, Why Corporate Governance, Board Leadership and Culture Matter.

Andrew Hobbs (speaker at event)
Andrew Hobbs Partner, EMEIA Public Policy Leader, EMEIA Center for Board Matters Leader

Andrew's work helps to protect EY's reputation and licence to operate while supporting EY client teams in the market. He works with EY EMEIA Assurance to support boards of directors through initiatives like the Center for Board Matters and EY's collaboration with Tapestry Networks. Andrew is the Chair of ICAEW's Research Advisory Board and a member of its Technical Strategy Board.

Ramana McConnon (speaker at event)
Ramana McConnon Project Director, FRC

Ramana McConnon is a Project Director in the Audit & Assurance Policy team at the FRC, where he has led initiatives such as the establishment of the Audit & Assurance Sandbox and the publication of guidance on professional judgement. Prior to this, Ramana spent a number of years in audit at a Big 4 firm

Iain Wright (speaker at event)
Iain Wright Managing Director, Reputation and Influence, ICAEW

Iain started his career as a chartered accountant with Deloitte before moving to One North East, the regional development agency for the North East of England. In 2004 he became Labour Member of Parliament for Hartlepool, having succeeded Peter Mandelson in a by-election. During his time in Parliament Iain was a Minister in Gordon Brown’s Government, first as Minister for Housing and Planning at the Department for Communities and Local Government between 2007 and 2009 and then as Minister for Schools and Apprenticeships in the Department for Children, Schools and Families from 2009 until 2010.

Professor Ania Zalewska (speaker at event)
Professor Ania Zalewska Professor of Finance, University of Leicester

Ania is also Research Chair and Associate Dean of Research for the UoL School of Business. She holds a PhD in Economics and in Mathematics. Ania has published extensively in leading academic journals (Journal of Financial Economics, Management Science, Economic Journal, etc.) and advised various governmental bodies (eg, Competition Commission, HMRC, FSA, DECC, BEIS, Committee on Standards in Public Life, National Infrastructure Commission).

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