Key resources
Supporting accountants
Ethics and AI
In 2024, ICAEW’s Trust and Ethics Team hosted roundtables on shaping guidance for the accountancy profession on the ethical use of artificial intelligence. Read an overview of the discussions, offering insights into real-life use cases and the risks that must be managed.
Support
Global Ethics Day
ICAEW celebrates Global Ethics Day each year. The 2024 theme is "Ethics empowered: using the power of ethics to build a better world”, and ICAEW is examining the vital role ethics must play in the development of technology.
From 1 January 2020
ICAEW Code of Ethics
Access the Code which is based on IESBA’s Code of Ethics for Professional Accountants and supporting materials.
Support
Ethics recordings
The latest ethics related videos, webinars and podcasts from ICAEW. Find expert insight into ethical decision making, speaking up and ethical standards, which will support your professional development.
Regulations
Guidance on NOCLAR
The ICAEW Code of Ethics has sections entitled ‘Non-Compliance with Laws and Regulations’, commonly known as NOCLAR. This guidance summarises what a member’s key responsibilities are under these new requirements.
Online training
Ethics CPD course
ICAEW has created a free online ethics course to support members in meeting their changing continuing professional development (CPD) requirements
ICAEW Code of Ethics
ICAEW's Code of Ethics applies to all members, students, affiliates, employees of member firms and, where applicable, member firms, in all of their professional and business activities, whether remunerated or voluntary.
ICAEW Code of Ethics
- Regulations
Access the Code which is based on IESBA’s Code of Ethics for Professional Accountants and supporting materials.
Code of Ethics 2020 Additional information
- Regulations
Summaries of the Code's key requirements, more information on some of the key changes, and source and destination material.
ICAEW Code of Ethics summary
- Regulations
- PDF (37kb)
A summary of the fundamental principles of the Code of Ethics.
Articles and features
Exclusive
Ethical and legal considerations
- Article
- 21 Oct 2024
When deploying a new AI tool, ethical and legal risks need to be carefully considered and managed.
AI adoption challenges: an ethical dilemma for auditors
- Article
- 16 Oct 2024
Artificial intelligence offers a lot of opportunities for audit firms and practitioners, but implementing AI solutions into audit functions comes with some complicated considerations.
Ethics: how to build an ethical culture
- Article
- 15 Oct 2024
With bad company culture in the spotlight at the moment, it pays to focus on what makes a culture ethical.
Ethics: AI in audit – transparency and third-party relationships
- Article
- 15 Oct 2024
Organisations embracing AI must collaborate effectively with AI suppliers while ensuring transparency for customers. ICAEW’s Trust and Ethics team explores strategies to maintain openness and trust across this complex ecosystem.
Ethics: understanding the risks of AI
- Article
- 15 Oct 2024
Global Ethics Day: Susan Smith, Group Ethics Chair at CCAB, talks about the areas of risk that may crop up as accountants adopt more AI technologies.
Ethics: How to ensure effective governance on AI projects
- Article
- 15 Oct 2024
ICAEW’s Trust and Ethics team share lessons learned from practitioners, academics and standard-setters on implementing robust governance strategies for artificial intelligence tools.
Exclusive
Technical news in brief autumn 2024
- Article
- 08 Oct 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting, ethics and sustainability.
Navigating ethics in a changing world
- Article
- 16 Aug 2024
Raising awareness of Global Ethics Day, ICAEW is holding an event on 23 October in the Great Hall at Chartered Accountants’ Hall to highlight the importance of ethical culture and governance.
Videos on ethics
The latest ethics related videos, webinars and podcasts from ICAEW. Find expert insight into ethical decision making, speaking up and ethical standards, which will support your professional development.
Case studies
Case studies created by the UK and Ireland’s Consultative Committee of Accountancy Bodies (CCAB) exploring the ethical dilemmas faced by accountants across a range of sectors and roles.
Ethical dilemmas in the non-for-profit sector
- Helpsheets and support
- 22 Feb 2022
Six case studies published by CCAB focused on the ethical dilemmas facing professional accountants working in the not-for-profit sector, covering: disclosure of malpractice, fair tender policies, undisclosed employee benefits, performance information and persuading others to tell the truth.
Ethical dilemmas: working in business
- Helpsheets and support
- 22 Feb 2022
Seven case studies from CCAB dealing with some of the ethical dilemmas facing accountants working within businesses, covering: pressure to overstate stock valuation, suspicion of false accounting, non-disclosure to auditors, NOCLAR and more.
Ethical dilemmas in the public sector
- Helpsheets and support
- 22 Feb 2022
Six case studies from CCAB dealing with some of the ethical dilemmas facing accountants in the public sector, covering: performance information, political pressure, confidential information available during a tendering process and more.
Ethical dilemmas: working as a NED
- Helpsheets and support
- 22 Feb 2022
A series of case studies from CCAB dealing with some of the ethical dilemmas facing accountants working as non-executive directors, covering: governance procedures not being followed, confidentiality and conflict of interest, and pressure to make a decision without adequate information.
Ethical dilemmas: public practice
- Helpsheets and support
- 22 Feb 2022
Seven case studies from CCAB dealing with some of the ethical dilemmas facing accountants working in public practice, covering: staff performance issues, improper accounting for sales, conflicting clients' interests, financial interest and more.
ICAEW training films
- Promotional material
- 13 Sep 2017
ICAEW training films provoke discussions and challenge mindsets about how to deal with difficult decisions and topical issues in business situations. Develop skills to identify risk, technical competence and professional scepticism.
Helpsheets
Support from ICAEW's Technical Advisory Services team, covering ethical issues facing members.
Exclusive
Power of attorney
- Helpsheets and support
- 07 Dec 2023
Technical helpsheet issued to help ICAEW members consider whether or not they can take on a Power of Attorney role and the ethical consideration to make prior to taking such a position.
Exclusive
Can I be a trustee/director for my non-audit client?
- Helpsheets and support
- 17 Mar 2023
Technical helpsheet issued to help ICAEW members consider the ethical implications of becoming a trustee or director of a non-audit entity client.
Exclusive
What is an other entity of public interest (OEPI)?
- Helpsheets and support
- 16 Feb 2021
Technical helpsheet issued to help ICAEW members to understand what an other entity of public interest (OEPI) is and when restrictions on providing non-audit / additional services to OEPIs apply from.
Exclusive
Working with vulnerable clients
- Helpsheets and support
- 28 Jan 2021
Technical helpsheet issued to help ICAEW members recognise vulnerable clients and offers guidance on how to act in their best interests.
Key topics
Anti-money laundering
Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
UK company law
Resources include relevant ICAEW technical releases, such as guidance on dividends and distributable profits, and updates on key developments in regulation, prospective legislation and related matters of professional concern to accountants in practice, industry or commerce.
Fraud
Fraud is usually taken to mean the gaining of an illicit advantage through deception and in particular the manipulation of financial information or accounting records.
Modern slavery
It is estimated there are more than 40 million people in the world living in conditions of slavery or working under forced or compulsory conditions. In the UK, thousands of cases are reported each year, and authorities estimate there are well over 100,000 victims living in the country.
Whistleblowing
An individual in an organisation who makes disclosures in the public interest about dangerous or illegal activities, in order that the misconduct or perceived misconduct can be addressed, is a whistleblower. Whistleblowing can either occur internally within the employing organisation or externally, and should not be used as a method of resolving a personal complaint or grievance.
Representations
ICAEW REP 094/23 UK Corporate Governance Code Consultation
- Representation
- 13 Sep 2023
- PDF (400kb)
A representation dated 13 September 2023 to a consultation published by FRC on 24 May 2023. Restoring trust in the UK’s corporate reporting, governance and audit regime requires a fully ‘joined-up’ approach to reform.
Webinars
Legal Services regulatory update: webinar
- Webinar
- 04 Sep 2024
- PDF (543kb)
ICAEW's Quality Assurance Department took listeners through the recent common issues we are seeing on quality assurance monitoring reviews. We also heard from the Chair of the ICAEW Legal Services Committee, Miranda Winram, on the role of the committee and the committee's perspective on some of these common issues. The webinar concluded with a look at the current regulatory landscape, presented by the Regulatory Policy team.
Exclusive
AI: The Evolving Frontier of Opportunities and Risks
- Webinar
- 20 Jun 2024
This webinar will provide you with a range of perspectives, setting out the legal and regulatory framework and ethical considerations, alongside practical experience from in-house experts.
Forensics in audit
- Webinar
- 09 Nov 2023
This webinar will help you to better understand the increasing use of forensic auditors and forensic techniques in mainstream audit and the work of forensic specialists more widely.
Ethical decision making and the challenges of AI
- Video
- 13 Oct 2023
A group of international experts discuss the benefits and potential pitfalls of artificial intelligence becoming an integral part of the accountancy profession.
Ethics CPD course
This free online course helps you apply the Code of Ethics to everyday situations, uphold the highest standards of professional conduct, and satisfy your ethics continuing professional development (CPD) requirements.
Further resources
icaew communities
Corporate Governance Community
- Promotional material
Forensic & Expert Witness Community
- Promotional material
Restructuring & Insolvency Community
- Promotional material
Solicitors Community
- Promotional material
library resources
related topics
Audit reform and trust in business
- Hub page
Corporate governance
- Hub page
Gender pay gap reporting: the regulations
- Helpsheets and support
Professional conduct in relation to taxation (PCRT)
- Helpsheets and support