Tag Archives | Professional Ethics

Professional Misconduct and Professional Negligence

This article will help you to differentiate between professional misconduct and professional negligence. Difference # Professional Misconduct: The Cost and Works Accountants’ Act, 1959, under Section 22, defines the expression: ‘Professional Misconduct’ as follows: ‘Professional misconduct’ shall be deemed to include any act or omission specified in any of the schedules but nothing in this […]

Professional Misconduct of Cost Accountants

After reading this article you will learn about Professional Misconduct of Cost Accountants Requiring Action by High Court. Professional Misconduct of Cost Accountants in Practice Requiring Action by a High Court: THE SECOND SCHEDULE [See section 21(5) and 22] Part I: Professional Misconduct in relation to Cost Accountant in Practice Requiring Action by a High […]

Professional Ethics Prescribed for the Members in Practice

This article throws light upon the six main professional ethics prescribed by the I.C.W.A.I for the members in practice (Cost Accountants). Some of the Professional Ethics are: 1. Independence, Integrity, Objectivity 2. Responsibility to Clients and Confidentiality 3. Responsibilities to Colleagues 4. Responsibilities to Practice and Profession including Firm Name, Service Holding, Designation etc and […]

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