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ICAI finds EY India and it’s Affiliate Entities Guilty of Professional Misconduct: Analysis

CA, CS, CMA : Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into reg...

April 29, 2024 18441 Views 1 comment Print

Unveiling Professional Misconduct: NFRA’s Order on Seya Industries Limited’s Statutory Audit

Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...

January 11, 2024 762 Views 0 comment Print

Understanding Business Ethics: Importance, Principles and Ethical Dilemmas

Corporate Law : Explore the concept of business ethics, its importance, principles, and how it affects decision-making. Learn about ethical dilem...

August 20, 2023 999 Views 0 comment Print

What are Professional Misconducts of a Chartered Accountant – Part -3

CA, CS, CMA : Discover the professional misconducts of a Chartered Accountant in Part 3 of our series. Learn about the implications and conseque...

September 29, 2022 4497 Views 0 comment Print

Is “Zero Outstanding” of Audit Fee necessary before Signing Audit Report?

CA, CS, CMA : The Word of Caution and the Good News for Auditors: The auditor is now required to ensure zero outstanding of audit fee before sig...

August 20, 2021 28980 Views 4 comments Print


Latest News


ICAI Reporting Requirements: Fees Disclosure in Revised Code of Ethics

CA, CS, CMA : Learn about ICAI's reporting requirements for fees disclosure under revised Code of Ethics. Discover key details and implications ...

October 7, 2023 8850 Views 0 comment Print

Advisory on Use of designation Chartered Accountant or prefix CA

CA, CS, CMA : Ethical Standards Board The Institute of Chartered Accountants of India 22nd October, 2022 Advisory Sub.: Use of designation ̶...

October 23, 2022 14193 Views 0 comment Print

Volume-I of Code of Ethics, 2019 for CAs Applicable wef 01.10.2022 with changes

CA, CS, CMA : Disclosure is required where for two consecutive years, gross annual professional fees from an audit client represent more than 40...

September 30, 2022 10095 Views 0 comment Print

What are Professional Misconducts of a Chartered Accountant – Part 1

CA, CS, CMA : A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, ...

September 20, 2022 2790 Views 0 comment Print

ICAI Defers certain provisions of Volume-I of Revised Code of Ethics, 2019

CA, CS, CMA : ICAI Council decided that the applicability of provisions related to 1. Responding to Non-Compliance with Laws and Regulations (NO...

April 1, 2022 2001 Views 0 comment Print


Latest Judiciary


SC Upholds CA Rule on Referring Misconduct to Disciplinary Committee

CA, CS, CMA : Naresh Chandra Agrawal Vs Institute of Chartered Accountants of India And Others (Supreme Court of India) In a landmark judgment, ...

February 10, 2024 648 Views 0 comment Print

Rule 12 of CA rules not debar Director of Discipline from entertaining 7 year old complaint

Income Tax : Held that rule 12 Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Ru...

September 10, 2022 2748 Views 0 comment Print

HC upheld removal of CA member for other misconduct

CA, CS, CMA : Institute of Chartered Accountant of India Vs Shri. P.P. jay (Karnataka High Court) ICAI submitted that the report of the Institut...

May 1, 2022 1170 Views 0 comment Print

Adjudication of correctness of CA’s report by Disciplinary committee of ICAI, no need once the report passed judicial scrutiny

Income Tax : The court sanctioned the Scheme of Amalgamation vide judgement dated 26.03.2015 and it is apparent that the Court found no fault w...

December 7, 2021 2163 Views 0 comment Print

ICAI Should Give Reasons for its Decisions to De-Register A CA: SC

CA, CS, CMA : D.K. Agrawal Vs Council of Institute of Chartered Accountants of India (Supreme Court of India) Hon’ble Supreme Court held that ...

October 11, 2021 3210 Views 0 comment Print


Latest Notifications


ICAI Directs Three S. R. Batliboi Firms to Cease Existing Arrangements with E&Y

CA, CS, CMA : Delve into the detailed analysis of the disciplinary committee's order against Indian chartered accountants for professional misco...

April 29, 2024 4794 Views 0 comment Print

Entering into prohibited arrangements with international entities is Professional Misconduct: ICAI

CA, CS, CMA : Dive into the detailed analysis of the Institute of Chartered Accountants of India (ICAI) Disciplinary Committee's order in the Tr...

April 29, 2024 225 Views 0 comment Print

ICAI held CA Guilty of Misconduct in Alleged Tax Receipt & ITR Forgery

CA, CS, CMA : Explore the case against Kapil Dev Aggarwal under the Chartered Accountants Act, with detailed analysis of allegations, hearings, ...

April 29, 2024 1272 Views 0 comment Print

NFRA Imposes ₹60 Lakh Penalty on CMIL Auditor & Debars Auditor for 2 Years

Company Law : NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL's audit, imposi...

April 26, 2024 14058 Views 1 comment Print

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

Company Law : National Financial Reporting Authority's order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Relianc...

April 26, 2024 33801 Views 2 comments Print


CS held guilty of negligence in issue of Compliance Certificate

June 29, 2018 2319 Views 0 comment Print

Respondent has admitted to have not visited the office of the City group companies but has relied merely on the instructions of one Shri Kaiser Baig rather than verifying the records himself at the office of the company.

BJP leader asks Bar Council to Debar MPs and MLAs from Practicing As Advocates

December 20, 2017 1218 Views 0 comment Print

In a letter addressed to the Chairman of Bar Council of India, Mr. Manan Kumar Mishra, BJP leader and Advocate Ashwini Kumar Upadhyay has sought debarment of Members of Parliament (MPs) and Members of Legislative Assembly (MLAs) from practicing as Advocates.

CVC Code of Ethics for Chartered Accountants

November 20, 2017 32964 Views 5 comments Print

This function of attestation is done by professional accountants, who are Chartered Accountants in our country. It has been however, 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.

FAQs on ethical issues relating to GST

November 16, 2017 4068 Views 0 comment Print

Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 1949 and Regulations framed thereunder.

CA guilty of misconduct for allowing use of his name in Prospectus despite Resignation

September 11, 2017 1530 Views 0 comment Print

Chartered Accountant Satish Kumar Gupta had resigned as Director of BLF before opening of the public issue of BLF irrespective of the fact that his resignation was allegedly accepted on 9.9.1997, in respect whereof no material was brought on record. Having resigned before the commencement of the public issue, his name could not have appeared […]

Professional Ethics / Misconduct In Relation to CA In Practice

September 5, 2017 22344 Views 1 comment Print

Professional ethics encompass the personal, organizational, and corporate standards of behavior expected by In simple words we can say that professional conduct of an individual.

Prosecution under PMLA cannot be dropped for Acquittal by ICAI Disciplinary Committee

August 2, 2017 1194 Views 0 comment Print

The findings of the Disciplinary Committee by no stretch of imagination can be said to be binding on the criminal court where the accusation is to be proved on the basis of evidence adduced before it in accordance with law. Moreover, the findings do not render the substratum of accusation of conspiracy between the petitioner and the other accused persons in extending unjustified financial assistance to the borrowers in the instant case patently absurd or inherently improbable

Advertising by practicing CAs engaged in Coaching/ Teaching

May 19, 2017 5004 Views 1 comment Print

Members are advised to abstain from advertising their association with Coaching /teaching activities through hoardings, posters, banners and by any other means, failing which they may be liable for disciplinary action,

HC bans CA for issuing wrong Share Application Money Certificate

March 6, 2017 5157 Views 1 comment Print

Proceeding to take cognizance of a report submitted by SEBI the Council of the Institute of Chartered Accountants constituted a Disciplinary Committee, forming a prima-facie opinion that the respondent was guilty of professional misconduct. Proceedings were initiated by the Disciplinary Committee.

CA in practice cannot run Business via Companies, Trusts & Firms

February 25, 2017 15102 Views 0 comment Print

The Institute of Chartered Accountants has made the instant Reference under Section 21(5) of the Chartered Accountants Act, 1949 in respect of the respondent being indicted for a misconduct other than such misconduct which is referred to in sub-Section (4) of Section 21.

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