2025 update to ICAEW Code of Ethics
Changes to ICAEW’s Code of Ethics become effective from 1 July 2025. Members, firms and students need to prepare for changes, including updates relating to professional behaviour, role and mindset, and technology.
ICAEW has published supporting guidance and recorded a webinar to help practitioners understand the changes and what they mean in practice. ICAEW’s Ethics CPD Course has also been updated to provide an overview of the changes.
For more information, visit ICAEW Insights.
Tariff considerations for auditors
Many UK-based and global businesses will be affected by enhanced tariffs introduced in the United States. Navigating tariffs: four considerations for auditors explores the potential direct and indirect impacts on financial statements and how these may affect the auditor’s approach. It considers:
- Audit planning, including risk assessments
- Key financial reporting areas (such as going concern, revenue recognition, asset impairments, risk mitigation activities and hedging, and performance-based vesting conditions)
- Audit evidence and documentation
- Disclosure and communication
AI Assurance Conference
Gain practical insights: join our inaugural AI Assurance Conference on 19 May 2025 at Chartered Accountants’ Hall. It will bring together key industry players including assurance providers, businesses, policy makers and academics, to explore the role of AI assurance in promoting responsible AI adoption and innovation.
Learn more and book your place.
AI in audit: opportunities and challenges
Join our webinar on 2 June 2025 at 2pm to explore how artificial intelligence (AI) is being leveraged by auditors. Our speakers will debunk common myths, address real world challenges and demonstrate how AI can significantly enhance audit efficiency, improve quality and provide deeper insights.
Topical and technical webinars
Members of the Audit and Assurance Faculty have access to a library of specialised webinar recordings. Among many matters covered you will find insights on:
- Quality documentation: getting it right first time;
- Hot topics and tips for 2025 audits;
- Practical tips for the auditor’s review of management spreadsheets;
- Making sense of sampling and substantive analytical review; and
- Reminders and pointers on ISA 315.
Make the most of your faculty membership and explore your webinar library.
Technical updates
The Audit & Assurance Faculty provides news from regulators and standard setters in Technical news in brief, which can also be accessed from the Audit & Beyond hub page.
Auditing and reporting updates
Stay on top of recent Audit and Assurance Faculty developments, as well as recent and upcoming faculty webinars and other important events for your diary.