FRC Ethical Standard 2024: Key Messages & Practical Implications for Auditors

Introduction

The latest update to the FRC Ethical Standard for Auditors came into effect on 15 December 2024, introducing changes affecting audit firms’ approach to independence, ethical threats and safeguards.

This short webinar will provide a practical overview of the key revisions, consider the implications for audit firms and engagement teams and explore the challenges that may arise when applying the updated requirements in practice.

Delegates will gain practical insights to help strengthen ethical compliance, manage independence considerations and respond to evolving regulatory expectations.

What You Will Learn

This webinar will cover:

• Key changes introduced by the 2024 FRC Ethical Standard, including areas of increased regulatory focus and updated requirements
• The practical implications of the revised requirements for audit firms, engagement teams and independence assessments
• Recent examples of ethical challenges and practical guidance on applying the requirements effectively and avoiding common pitfalls