What major factor is NOT important in conflict resolution according to ICAEW standards?

The existence of precedents is not considered a major factor in conflict resolution according to ICAEW standards. In conflict resolution, more emphasis is placed on the specific circumstances and unique facts of each situation rather than on past decisions or outcomes that may have occurred in different contexts.

While possible alternative actions, ethical considerations, and the relevant facts and parties involved are critical to understanding the nuances of a conflict and navigating a resolution, precedents may not directly inform the resolution of a current issue. They could potentially lead to rigidity in thinking or an assumption that previous resolutions are applicable without considering the current situation's specifics.

In essence, effective conflict resolution requires an adaptable approach that acknowledges the unique dynamics at play, rather than relying heavily on precedent, which may not always be relevant or applicable.