ICAEW ACA Sustainability and Ethics study guide
ICAEW ACA Sustainability and Ethics · Work through your exam, one topic at a time.
The ICAEW ACA is the chartered accountancy qualification offered by the Institute of Chartered Accountants in England and Wales, described on ICAEW.com as "one of the most advanced learning and professional development programmes available" and valued "around the world in business, practice and the public sector". Sustainability and Ethics is one of the ACA's specialist learning areas: ICAEW's own subject structure on ICAEW.com presents "Sustainability and climate change" and "Trust & Ethics" as two distinct areas of guidance and resources, and the ACA training pages list "Ethics and professional scepticism" as a named element of student training. This page is an independent study resource for candidates preparing in those two areas. It is not an official ICAEW product and makes no claim of affiliation, endorsement or accreditation. Topics on this exam: Sustainability and climate change and Trust and Ethics. The ICAEW ACA Sustainability and Ethics study guide has 2 sections and about 765 words.
01Sustainability and climate change
The sustainability and climate change domain tests whether you can connect climate science, sustainability frameworks and corporate reporting to accounting judgements and assurance evidence. Questions typically ask you to classify emissions, evaluate a disclosure against TCFD or ISSB expectations, or explain how physical and transition risks affect the financial statements. TCFD four pillars : governance, strategy, risk management, and metrics and targets. Disclosure should explain board oversight, climate risks and opportunities over short, medium and long term, scenario analysis (including 2°C or lower), processes for identifying risk, and targets with baselines.
403 words, about 2 min02Trust and Ethics
The trust and ethics domain tests your ability to apply the ICAEW Code of Ethics, based on IESBA principles, to realistic accounting and assurance scenarios. You are expected to identify threats, evaluate their significance and recommend safeguards or refuse the engagement, with documentation. Five fundamental principles : integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Threat categories : self-interest, self-review, advocacy, familiarity and intimidation.
362 words, about 2 min