A recent study by Edelman DXI for Chartered Accountants Worldwide (CAW) has revealed that chartered accountants are regarded as the most trusted professionals in Scotland.

According to the biennial trust survey, 87% of senior business and finance decision-makers trust chartered accountants “to do the right thing”, placing them ahead of scientists (84%), engineers (84%), doctors (83%), academics (70%) and lawyers (65%).

This represents a notable increase in trust, with a 12-point rise since 2023.

In comparison, trust levels in the rest of the UK stand at 84% in England and 77% in Wales.

The survey also indicated a ten-point increase in trust in the Institute of Chartered Accountants of Scotland (ICAS), which rose from 74% in 2023 to 84% in 2025.

The findings suggest that 88% of respondents believe that chartered accountants are crucial in helping businesses navigate new challenges, while 72% rely on them for strategic guidance.

CAW chair Ainslie van Onselen said: “Trust is becoming more fragile across institutions, but this data confirms that chartered accountants continue to buck the trend.

“In a climate dominated by AI, disinformation and societal pressure for accountability, our profession is increasingly seen not just as technically skilled but as essential guardians of trustworthy data and ethical leadership.”

Key factors contributing to trust in chartered accountants include compliance with laws and regulations (58%) and their role in informing key business decisions (51%).

Furthermore, three-quarters of respondents consider chartered accountants essential for guiding Scottish businesses through automation, with 68% viewing them as key drivers of AI investment.

The survey also pointed to a growing skills shortage within the profession in Scotland, with 70% of respondents expressing concern over a potential skills gap.

To address this issue, 78% believe that the profession needs to modernise its image to attract younger generations, while 76% highlight the necessity of technological upskilling to enhance the profession’s appeal.

ICAS CEO Bruce Cartwright said: “Trust is the foundation of our profession so it is heartening to see that chartered accountants are trusted more than any other profession in Scotland.

“This is a clear reflection of the value our members bring to the Scottish economy and the vital role they play as stewards of financial integrity. At ICAS, our motto is ‘Seek the Truth’ – a principle that underpins our work to champion ethical leadership and educate the trusted professionals of tomorrow.

“This study affirms our critical role and positive impact as a distinctly Scottish voice on the global accountancy stage.”