Page 382 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori

EMD/Security Deposit: The Council does not require interference with the practices for EMD/Deposit.
However, if a complaint is received about an exorbitant EMD/Deposit, the Ethical Standards Board may
investigate on a case-by-case basis.
Cost Sheet Maintenance: Members responding to tenders should maintain a cost sheet detailing the costs
incurred, considering the number of people involved, hours spent, etc. The Institute may call this for review.
Publication of Books, Articles or Presentation:
Restrictions: Members cannot mention any professional attainments in their publications.
Publications: The rule applies to books, articles, or presentations authored by the member.
Exceptions: Members can mention their designation as a "Chartered Accountant" and the name of their firm in
their publications.
Issue of Greeting Cards or Invitations:
Disapproval: The Council disapproves of members using their professional designation, status, and
qualifications on greeting cards or personal invitations.
Exceptions: The designation "Chartered Accountant" and the name of the firm can be used on greeting cards
and invitations for specific occasions.
Occasions: These occasions include religious ceremonies, office openings, weddings, changes in office premises,
and changes in telephone numbers.
Recipients: These cards and invitations should only be sent to relatives, friends & clients, of the members.
Advertisement for Silver, Golden, Platinum or Centenary celebrations:
Restrictions: Advertising events organized by a Firm of Chartered Accountants is generally not permitted.
Exceptions: Despite the restrictions, there are exceptions for milestone celebrations like Silver, Golden,
Diamond, Platinum, or Centenary celebrations.
Publication: These exceptions can be advertised in newspapers or newsletters.
Socialization: The exceptions are made considering the need for interpersonal socialization/relationship of the
members.
Sponsoring Activities
Sponsorship: Chartered Accountants and accounting firms are not allowed to sponsor events.
Exception: They can sponsor events organized by the Programme Organizing Unit (POU) of the Institute of
Chartered Accountants of India (ICAI) with prior approval from the Continuing Professional Education (CPE)
Directorate.
CSR: Chartered Accountants sponsoring Corporate Social Responsibility (CSR) activities can mention their
individual name with the prefix "CA".
Restrictions: The use of the firm name and CA logo is not allowed in CSR activities.
Advertisement of Teaching/Coaching activities by members:
Regulation Compliance: Members engaged in teaching or coaching activities must comply with Regulation
190A of the Chartered Accountants Regulations, 1988. In some Situations Permission of ICAI is required as
discussed under Clause 11 & Regulation 190A.
Indirect Solicitation: Advertising such activities may be considered indirect solicitation, potentially violating
Clause (6) of Part I of the First Schedule to the Chartered Accountants Act, 1949.
Advertising Restrictions: Members are advised against advertising their association with teaching or coaching
activities through hoardings, posters, banners, or any other means. Non-compliance may result in disciplinary
action under the Chartered Accountants Act, 1949 and its associated rules and regulations.
Signboard Allowance: Despite these restrictions, members may display a signboard outside their teaching or
coaching premises. This signboard can include the name of the institute, contact details, and subjects taught. The
size and type of the signboard should adhere to the Council Guidelines applicable to Firms of Chartered
Accountants.

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