ICAEW Code of Ethics update 2025

Paul Winrow, Partner - Public Policy and Regulation, Forvis Mazars 
Paul is a partner at Forvis Mazars specialising in public policy & regulation, and sustainability reporting & assurance. He had over 20 years of experience in public sector audit before moving into technical roles, including Head of Audit Technical in a top-six firm, before a secondment to their international office to develope a new global audit methodology, Global Director of Professional Standards at at top 10 network, and Technical Partner & Ethics Partner at a top 15 UK audit firm.

He now focusses on UK and global public policy and regulation as they relate to audit, and is an active member of the profession, sitting on numerous working groups and committees internationally. Paul also now sits on the Ethical Principles Working Group of a leading professional body in the earth sciences. He has also been a charity trustee and treasurer for ten years, was an Audit Committee member at a tertiary education college for six years, and was formerly a publicly elected governor of a hospital and a school.

Victoria Andrew, Chair, ICAEW Ethics Standards Committee
Vicky has been a volunteer and active member of the profession for over a decade and currently serves on four ICAEW committees (including both Ethics Committees), as well as being an elected member of the ICAEW Council. Having trained with one of the largest firms, Vicky moved on to work in smaller practices, eventually setting up her practice, which she grew and ran successfully for 22 years before merging it with a slightly larger firm in her locality. For the past eight years, she has worked as a consultant, writer, and presenter, specialising in micro-businesses and micro-practices (with a turnover of up to £1 million). It is the needs of these organisations that inform her approach to business ethics.

David Isherwood, FCA, ETHICS Partner, BDO LLP
David is a Partner at BDO UK, specialising in ethics, public policy, and audit matters. As an Ethics Partner, he is a member of several senior governance committees, including the Business Interest Oversight Board and the Quality and Risk Management Executive, and attends the Public Interest Committee meetings. Internationally, David is part of BDO Global’s Ethics and Independence Steering Committee, shaping network strategy on ethics. He also holds significant roles in the professional and regulatory landscape, chairing IFAC’s Forum of Firms and ICAEW’s Audit and Assurance Faculty Board, and engaging with the FRC and the Department for Business and Trade.