Icab Code of Ethics for Chartered Accountants

ICAB Code of Ethics for Chartered Accountants

(Schedule C, Part-1, vide Bye-Law 134 of the Bangladesh Chartered Accountants Bye-Laws, 2004)

A Chartered Accountant in Practice shall be guilty of professional misconduct if he-

1. Providing his/her professional service at the throwing away of or forming partnership with an unqualified person(s) or obtain a business which is not allowed for him/her.

a. This rule is not applicable beyond the country, because he /she may associate with a person can act under the law in force in that country to perform functions similar to those which are legally applicable.

2. If he/she allows anybody to practice in his name as a Chartered Accountant, except Chartered Accountant & partner or employed by him/her.

3. Pays or allows or agrees to pay or allows directly or indirectly any share, commission, brokerage fees or profit, except member of the institute or partner or retired partner or legal representative or deceive partner.

4. He/she may accept or agrees to accept any profits of the professional work of a lawyer, income-tax practitioner, auctioneer or other agent who is not the member of ICAB.

5. He/she may take a position if there is not any written document.

6. Take an appointment as an auditor of a company without ascertaining form by act.

7. If he take the position which held previously by some other Chartered Accountants in such conditions as to constitute under cutting.

8. If he/she publishes any laudatory notices or approved anything regarding professional matters.

9. If he/she advocates any client directly, indirectly or personally by circular, advertisement, personal communication or interview.

10. If he/she advertised his/her personal success, services or designation except Chartered Accountant.

11. If he/she allows his/her name to be inserted any address list for advertising purpose.

12. If he/she may give any certificate about the whole work done by his/her personal supervision.

13. If he/she give the certificate about future profit estimation. He/she can sign in average profit estimation (when it is mentioned that it's about five years or quantitative form.

14. Except to offer professional profit percentages on total profit & charges percentages on project.

15. If he/she goes another profession without Council permission. He/she works particular organization, which has an interest at his own.

16. If