The Ethical Standards Board of the Institute of Chartered Accountants of India (ICAI) has issued an Exposure Draft for the 13th edition of the ICAI Code of Ethics, proposing revisions to the current 12th edition which took effect on July 1, 2020. This initiative responds to recent changes necessitating updates to the professional conduct standards for Chartered Accountants. The proposed revisions are detailed across three volumes, with a summary of the key changes available in an enclosed annexure. The ICAI is actively soliciting inputs, suggestions, comments, and feedback on the drafts from all stakeholders. All comments must be submitted within 30 days, with the deadline being November 26, 2025, and can be sent via email or through an online submission form. These inputs will be reviewed and considered by the Ethical Standards Board during the finalization process of the new Code of Ethics.
Ethical Standards Board
The Institute of Chartered Accountants of India
27th October, 2025
Exposure Draft : 13th edition of ICAI Code of Ethics – Request for Comments
Sir/ Madam,
As you are aware, the 12th edition of the ICAI Code of Ethics was issued with effect from July 1, 2020. Due to changes then, revisions have been proposed in the Code of Ethics. The Exposure Drafts of Code of Ethics may be accessed at:-
Volume-I – https://resource.cdn.icai.org/89062esb-coe-v1.pdf
Volume-II – https://resource.cdn.icai.org/89063esb-coe-v2.pdf
Volume-III – https://resource.cdn.icai.org/89064esb-coe-v3.pdf
A brief summary of the key changes proposed in comparison to the existing 12th edition of Code of Ethics is enclosed as Annexure A.
May we request you to send your inputs/suggestions/comments/feedback on the enclosed Exposure drafts, at esb[at]icai[dot]in / ashishswaroop[at]icai[dot]in within 30 days, i.e latest upto 26th November, 2025.
The comments may alternatively be submitted on https://forms.office.com/r/CunNrHqpck?origin=lprLink
All perspectives are invited. Your comments are valuable to us, and will be considered during finalization of the Code.
Warm regards,
Chairman & Vice-Chairman
Ethical Standards Board
