As you are kindly aware, Ethical Standards Board of ICAI is constantly engaged in formulation of ethical standards for the members. But equally so, it has always endeared to reach out to members with new methods and strategies to ensure not only that members are well aware about the latest updates on ethics, but also to encourage the compliance with ethics to an ideal level .
Against this backdrop, I am delighted to announce one such update in ethics – the proposed replacement of ICAI Code of Ethics, 2009 with the “ICAI Code of Professional Ethics, 2014”. The proposed Code will have ‘Divisions’ as its units. The proposed ICAI Code of Professional Ethics, 2014 will be divided as under:-
Division I: The Chartered Accountants Act, 1949
Division II: The First Schedule to the Chartered Accountants Act, 1949
Division III: The Second Schedule to the Chartered Accountants Act, 1949
Division IV: The Chartered Accountants Regulations, 1988
Division V: Rules framed under the Chartered Accountants Act, 1949
Division VI: Guidelines
It has been our earnest endeavour to make Code of Ethics of members really comprehensive , with most of the basic information relevant to members available at one place, and to present a connect between the glorious past of the profession , its progressive present and a magnificent future . The Draft Code may be assessed at ICAI Website at the following link http://www.icai.org/new_post.html?post_id=958&c_id=50. We will be pleased to get your feedback /suggestions on the same, which may be sent at email@example.com and firstname.lastname@example.org .