Tag: code of ethics

ICAI Announcement Revised Code of Ethics (13th edition)

The revised Code of Ethics (13th edition)- Volume-I, II & III is applicable with effect from April 01, 2026 except for the s.no. (xxxi).

The s.no. (xxxi) “Assessment and evaluation of Social Impact, CSR Impact, Business Responsibility and Sustainability Reporting, and the like” of Management Consultancy and other services issued under Section 2(2)(iv) of the Chartered Accountants Act, 1949 in Code of Ethics, Volume-I is effective from December 11, 2025.

The revised Code of Ethics (13th edition) is accessible on www.icai.org at the following links:-

Code of Ethics Volume – I – Domestic provisions of the Chartered Accountants Act,1949 and Regulations, etc., Council Guidelines and decisions.

Link- https://resource.cdn.icai.org/92475coe2026v1.pdf

Code of Ethics Volume – II– Converged with International Ethics Standards Board for Accountants (IESBA) Code of Ethics 2024 edition.

Link- https://resource.cdn.icai.org/92476coe2026v2.pdf

Code of Ethics Volume –III– Ethics Standards for Sustainability Assurance (including independence standards).

Link- https://resource.cdn.icai.org/92477coe2026v3.pdf

Secretary, ICAI

Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client

The Institute has been receiving queries from the members as to whether Statutory Auditor of a Company can give feedback of the said Company to the Credit Rating Agencies (CRAs).

It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

The members may ensure compliance with the above. Failure to comply with the same shall result in professional misconduct in terms of the of the provisions of Chartered Accountants Act,1949 and the Code of Ethics.

ICAI Announcement

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