Code of Ethics, 2009

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I have great pleasure in bringing out this Eighth Edition of the Code of Conduct for the guidance of members and students. I hope this booklet will be of assistance to them in resolving their doubts in the ethical problems confronted by them in the course of their professional duties. NEW DELHI S.K. DASGUPTA 5th July, 1988 President viii
FOREWORD TO THE SEVENTH EDITION Since the publication of the Sixth edition of the booklet Code of Conduct in 1980, the Council has enunciated many ethical principles and rules touching those areas with which members have immediate concern. Some of these areas pertain to responding to tenders, use of the designation Chartered Accountant in invitation cards, guidelines for members accepting directorships of Public Companies, the requirements of Sections 224 and 225 of the Companies Act, 1956 in regard to the appointment and change of auditors, handling of clients money by the members and so on. In these areas, the Council has given clarifications and relaxations wherever found necessary so that members may find it easier to overcome ethical doubts and dilemmas. I have pleasure in bringing out the revised edition of the booklet for the benefit of the members and students. P.A. NAIR 17th December, 1985 President ix
Page 1 and 2: CODE OF ETHICS Issued by The Instit
Page 3 and 4: FOREWORD TO THE ELEVENTH EDITION Th
Page 5 and 6: FOREWORD TO THE TENTH EDITION A dis
Page 7 and 8: FOREWORD TO THE NINTH EDITION The m
Page 9: FOREWORD TO THE EIGHTH EDITION The
Page 13 and 14: FOREWORD TO THE FOURTH EDITION This
Page 15 and 16: FOREWORD TO THE FIRST EDITION This
Page 17 and 18: CONTENTS I PAGE Foreword to the Ele
Page 19 and 20: III PAGE 290.193 FEES AND PRICING F
Page 21 and 22: PART-II Professional Misconduct in
Page 23 and 24: PART-A CHAPTER 1 1 CODE OF ETHICS G
Page 25 and 26: 3 CODE OF ETHICS laws and regulatio
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39 CODE OF ETHICS statements, but p
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41 CODE OF ETHICS by identified use
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43 CODE OF ETHICS 290.107 When a me
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45 CODE OF ETHICS (b) The firm, and
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47 CODE OF ETHICS the audit, or (b)
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49 CODE OF ETHICS mortgages, bank o
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51 CODE OF ETHICS (c) The interest
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53 CODE OF ETHICS The significance
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55 CODE OF ETHICS may create self-i
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57 CODE OF ETHICS Consequently, suc
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59 CODE OF ETHICS 290.151 When a fi
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61 CODE OF ETHICS an entity provide
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63 CODE OF ETHICS assurance service
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65 CODE OF ETHICS firm. This notion
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67 CODE OF ETHICS compliance, plann
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69 CODE OF ETHICS safeguards should
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71 CODE OF ETHICS 290.186 There is
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73 CODE OF ETHICS could reduce the
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Pricing 75 CODE OF ETHICS 290.196 W
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CHAPTER 3 77 CODE OF ETHICS PROFESS
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79 CODE OF ETHICS accountant in ser
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Section 310 Potential Conflicts 81
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83 CODE OF ETHICS (c) Represents th
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Section 340 Financial Interests 85
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87 CODE OF ETHICS behaviour or obta
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(d) Assurance engagement (e) Assura
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(k) Engagement quality control revi
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(t) Indirect financial Interest 93
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PART-B CHAPTER 4 95 CODE OF ETHICS
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97 CODE OF ETHICS Practices’ 4 is
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99 CODE OF ETHICS unless otherwise
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101 CODE OF ETHICS (3C) For the pur
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103 CODE OF ETHICS (iii) renders pr
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105 CODE OF ETHICS (c) Advice regar
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107 CODE OF ETHICS income-tax pract
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109 CODE OF ETHICS (v) If he has be
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111 CODE OF ETHICS Second Schedule
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113 CODE OF ETHICS Where a paid ass
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115 CODE OF ETHICS (Sri Gopal Shukl
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117 CODE OF ETHICS benefits. The Re
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119 CODE OF ETHICS of "Other miscon
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121 CODE OF ETHICS Council held him
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5.12 Maintenance of Branch Offices
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125 CODE OF ETHICS (P.N. Mehta in R
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127 CODE OF ETHICS retired partner
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129 CODE OF ETHICS Institute’s pe
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131 CODE OF ETHICS another person w
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133 CODE OF ETHICS Provided that un
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135 CODE OF ETHICS Subramanian (25-
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137 CODE OF ETHICS (ii) A member ma
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139 CODE OF ETHICS inauguration of
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Partners Name 141 CODE OF ETHICS or
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143 CODE OF ETHICS action will be i
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145 CODE OF ETHICS But the person,
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147 CODE OF ETHICS A member was fou
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149 CODE OF ETHICS has been found w
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151 CODE OF ETHICS Companies Act ha
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153 CODE OF ETHICS Disciplinary Cas
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155 CODE OF ETHICS members shall, h
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157 CODE OF ETHICS such cases. What
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159 CODE OF ETHICS to the firm name
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161 CODE OF ETHICS himself as Presi
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163 CODE OF ETHICS Clause (8): acce
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165 CODE OF ETHICS a wish not to co
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167 CODE OF ETHICS “audit” is t
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169 CODE OF ETHICS the previous aud
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171 CODE OF ETHICS A member sent
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173 CODE OF ETHICS (M.S. Padmanabha
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175 CODE OF ETHICS (Kamlesh K. Agar
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177 CODE OF ETHICS the meaning of C
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179 CODE OF ETHICS Disciplinary Cas
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181 CODE OF ETHICS (S.K. Seth of M/
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183 CODE OF ETHICS (J.R. Shah of M/
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185 CODE OF ETHICS Second Schedule
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187 CODE OF ETHICS of: (a) professi
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189 CODE OF ETHICS 3. It may be cla
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191 CODE OF ETHICS such vacancy can
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193 CODE OF ETHICS verify the relev
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195 CODE OF ETHICS members by post,
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197 CODE OF ETHICS resignation or n
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199 CODE OF ETHICS compliance with
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201 CODE OF ETHICS communicating wi
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203 CODE OF ETHICS attitude of the
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205 CODE OF ETHICS 21(4) of Discipl
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207 CODE OF ETHICS (b) professional
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209 CODE OF ETHICS (b) guilty withi
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211 CODE OF ETHICS or result is obt
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213 CODE OF ETHICS and Articles of
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215 CODE OF ETHICS the Chartered Ac
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217 CODE OF ETHICS Vol.VII(2) of Di
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219 CODE OF ETHICS years. Held that
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221 CODE OF ETHICS apart from holdi
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223 CODE OF ETHICS meaning of Claus
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225 CODE OF ETHICS that the Respond
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PART II OF THE FIRST SCHEDULE 227 C
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PART IV OF THE FIRST SCHEDULE 229 C
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231 CODE OF ETHICS consenting to su
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233 CODE OF ETHICS between the clie
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235 CODE OF ETHICS issue of the Ins
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237 CODE OF ETHICS Where the joint
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239 CODE OF ETHICS (SAE) 3400, “T
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241 CODE OF ETHICS Companies (Branc
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243 CODE OF ETHICS An accountant is
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245 CODE OF ETHICS may not be mater
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247 CODE OF ETHICS (Deputy General
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249 CODE OF ETHICS already prepared
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251 CODE OF ETHICS Clause (7): does
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253 CODE OF ETHICS Where a Chartere
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255 CODE OF ETHICS investment in th
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257 CODE OF ETHICS assume that thos
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259 CODE OF ETHICS submitted his au
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261 CODE OF ETHICS Chartered Accoun
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263 CODE OF ETHICS committed the fo
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265 CODE OF ETHICS The opening and
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267 CODE OF ETHICS been granted whe
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269 CODE OF ETHICS Subsequently it
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271 CODE OF ETHICS documents on rec
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273 CODE OF ETHICS and (8) of Part
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275 CODE OF ETHICS generally accept
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277 CODE OF ETHICS misconduct under
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279 CODE OF ETHICS Company under Se
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281 CODE OF ETHICS (Thampy Mathews,
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283 CODE OF ETHICS require the audi
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285 CODE OF ETHICS (M.S. Ramanathan
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287 CODE OF ETHICS member may be en
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289 CODE OF ETHICS (S. Seshadri vs.
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291 CODE OF ETHICS The decisions of
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293 CODE OF ETHICS A Chartered Acco
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295 CODE OF ETHICS issue of the Ins
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297 CODE OF ETHICS H.S. Venkata Rao
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299 CODE OF ETHICS The following ca
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301 CODE OF ETHICS (K.S. Dugar in R
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303 CODE OF ETHICS (1) of Part III
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305 CODE OF ETHICS mention anything
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307 CODE OF ETHICS the above said a
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CHAPTER 6 COUNCIL GUIDELINES (A) GU
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311 CODE OF ETHICS (B) For Firms (i
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(B) COUNCIL GENERAL GUIDELINES, 200
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315 CODE OF ETHICS Chapter IV Opini
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317 CODE OF ETHICS Chapter VII Appo
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319 CODE OF ETHICS firm shall not b
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321 CODE OF ETHICS Chapter XII Mini
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323 CODE OF ETHICS 4. No.1-CA (44)/
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325 CODE OF ETHICS 7.4 Ratio Betwee
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Note: (c) Investigation, Management
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APPENDIX ‘B’ (Please refer to p
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331 CODE OF ETHICS have completed s
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333 CODE OF ETHICS and has passed t
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335 CODE OF ETHICS 5. The Institute
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337 CODE OF ETHICS Committees or as
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339 CODE OF ETHICS 7. The visiting
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341 CODE OF ETHICS obligatory on th
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343 CODE OF ETHICS Board after cons
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APPENDIX ‘F’ (Please refer to p
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347 CODE OF ETHICS profits) carryin
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349 CODE OF ETHICS (k) Acting as Re
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Clause (4) Assistant Director of In
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Jethanand Sharda vs. Deepak Mehta
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Ram Parshad Handa & Hari Krishan Kh
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H.R. Shetty in Re. … 243 Promila
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Secretary, Institution of Military
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P.L.Tapdiya in Re. … 297 Prakash
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363 CODE OF ETHICS Debenture trust
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Publication of name … 137, 155 Qu
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