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.
Doing internship for company secretary by a CA in practice is akin to
attending classes, which is in turn, is covered under Clause (5) of the
‘Permission granted generally’ of Appendix 9 of the Chartered
Accountants, 1988, and as such, the same is permissible.
No communication under clause 8 of Part-I of Schedule-I to the Chartered
Accountants Act, 1949 is required in case of death of the previous
Auditor. However, the new auditor may be required to get a letter from
the entity to confirm the factum of death of previous auditor.
It is not permissible for a member who has been Director of a Company,
upon resignation from the Company to be appointed as an auditor of the
said Company, and the cooling period for the same may be 2 years.
Images of non – personal items such as books etc. on the website of a CA
Firm are not violative of website guidelines. As regard the use of
images of people, the images of the people who are not the members of
the firm are not permissible.
The use of ‘Dr.’ with the designation ‘CA’ may be left to the discretion
of member (i.e. whether to use ‘CA’ first, or ‘Dr. First, or use ‘Dr.’
only before the name of the member).
CA. in practice can be a ‘Director Simplicitor’, which includes an independent
director. The independent directors are part of the Board where the Accounts are
approved, they being party to approval of financial statement. As such, there is
no bar in their signing the financial statement. However, they can not be
involved in the day to day affairs of the company.