ICAEW Reports Improvement in Audit Quality for 2025
The Institute of Chartered Accountants in England and Wales (ICAEW) reported an improvement in audit quality in 2025, with 73% of audits assessed as good or acceptable, up from 67% in 2024. The proportion of audits requiring significant improvement dropped to 6% from 10% in the previous year. The report highlights a positive trend but notes challenges in maintaining quality amid growth and complexity.
Topics: audit quality financial reporting ICAEW regulatory compliance