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 section shall be construed to [...]
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 Court. A cost accountant in [...]
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 a few others. Professional Ethic [...]