The Ethical Standards Board finalized revision of ‘FAQs on Ethical issues’, its publication, and it was released at the Annual Function of the Institute held on 11th February, 2012.
The Ethical Standards Board is engaged in bringing out awareness of the provisions of Code of Ethics among the members and devise ways to acquaint the members belonging to all areas of the Country, including the remote areas. The Board is pursuing programmes, seminars, workshops, symposia etc. on various ethical issues of interest to the members, across the Country.
The Ethical Standards Board is engaged in resolving grievances/queries/clarifications of members, on ethical issues, received vide different modes, including e-sahayataa. All the queries are disposed off within 24 to 48 hours.
The Ethical Standards Board is considering revision of Advertisement & Website Guidelines of ICAI due to changed circumstances. A Study Group of Ethical Standards Board is deliberating on this currently.
A dedicated portal on ethics for the profession – www.esb.icai.org
– was launched in June, 2012 for latest updates on professional ethics
and the related know-how.
An educative initiative was initiated in
2012, comprising of E-Mail Flashes highlighting some of the important
decisions of ESB/Council on ethical issues. The E-Mail Flashes were
sent to all members throughout India on a regular basis.
ESB Secretariat,
besides rendering in -house advice on ethical issues referred to it,
replies to the queries on ethical issues received from the members at
large vide different modes. Approximately 500 such queries were replied
by the Secretariat over a period of last ten months, and accordingly
disposed off
For promoting public awareness and confidence in the
fundamental principles for members, Ethical Standards Board conducts
various programmes throughout the country. About 20 programmes on ethics,
including Seminars, workshops and out-reach programmes, were conducted
by the Board in the given period. A National Seminar on Code of Ethics
was held at Ernakulam on 25th May, 2012.
‘CA Ethics-Plus’, a brochure
on ethical issues, was published, primarily for circulation among the
members attending the various seminars and programmes of Ethical Standards
Board. It contains various succinctly presented frequently asked Questions
and Answers for the information of the members. ‘Ethics Plus’ is a fresh
nomenclature for encouraging know-how and compliance of ethics among
the members.
Compendium of publications of Ethical Standards Board
was prepared for distribution among members attending the various programmes
of the Board, with the basic objective to bring all the publications
of ESB at one place for awareness of the members.
Second edition
of the Ethics-e-News Bulletin of Ethical Standards Board, assessable
on the website of the ICAI and Ethical Standards Board, was issued containing
the latest updation of the various activities of the Board.
ESB Decisions
The Ethical Standards Board decided that a chartered accountant in practice may establish a TIN –FC Centre, And may also Establish a TIN-FC under franchise from other entity, which is already a TIN –FC.
The Board decided that in case a chartered accountant in practice signs a revised Transfer Pricing Report certified by some other Chartered Accountant, he will not be signing a Revised Transfer Pricing Report but will be issuing a fresh and separate independent report, and should therefore satisfy himself before issuing such a report.
Draft ICAI Code of Professional Ethics, 2014 - Suggestions Invited from Members