- Tuesday, August 24, 2010, 16:01
- CA CS ICWA
- 1 views
Suggestions/views invited from all members with regard to the changes/ modifications required in the Code of Ethics, 2009 in view of the revised edition of IFAC Code of Ethics( 2010). Suggestions/views invited from all members with regard to the changes/ modifications required in the Code of Ethics, 2009 in view of the revised edition of IFAC Code of Ethics( 2010)
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- Saturday, December 5, 2009, 8:32
- CA CS ICWA
- 64 views
In the first part, I discussed the broad para-meters such as — the importance of Code of Ethics (COE), important statistics about the disciplinary cases, reasons for delays in disposal, procedure adopted by the Council prior to the CA Amendment Act, 2006, criteria adopted by the Council, perception of various agencies towards the COE, types of punishments, and so on. I also narrated a few real-life instances of complaints. It is my experience that whenever our fellow m..
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- Tuesday, August 25, 2009, 0:50
- CA CS ICWA, Finance
- 3 views
The allegation on the audit profession tendering erroneous advice to banks resulting in huge losses by a constitutional authority such as the Central Vigilance Commissioner (CVC) has stirred up a hornets’ nest among the auditors.
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- Monday, August 24, 2009, 1:43
- CA CS ICWA
- 2 views
The Central Vigilance Commission (CVC) has charged the chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses for the lenders. It has pointed out that in several cases, the advice given by CAs to banks and financial institutions was deficient, especially regarding the status of loans, creditors, sundry debtors, assets, known [...]
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- Monday, February 23, 2009, 10:17
- CA CS ICWA
- 51 views
The Council at its Meeting held on 18-20 December, 2008 approved the thoroughly revised 11th Edition of Code of Ethics 2009. The new Code of Ethics has been released on 4th February, 2009 by the Hon’ble Minister of Corporate Affairs, Govt. of India on the occasion of 59th Annual Function of the Institute. The New [...]
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- Friday, January 23, 2009, 11:03
- CA CS ICWA
- 1 views
It has been observed that there have been a number of cases in banks and financial institutions wherein due to the erroneous/ambiguous advice tendered by the respective Chartered Accountants, borrowal accounts have had to face quick mortality resulting in loss for the bank. Many a time this has also resulted in vigilance cases being initiated [...]
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