Announcement
reg. abstaining from sharing of Firm details intended for comparison of Firms.
No.
ICAI/ESB/2014/01
It
has been brought to the notice of some members that certain entities are
seeking details of the Chartered Accountants firms, for the purpose of making
ranking of the various Firms through comparison of different parameters.
In
this regard, Members are hereby informed that sharing of details of their Chartered
Accountants firms in the aforesaid manner does not fall within the permitted
categories , and would therefore be violative of Item 6 of Part-I of First
Schedule to The Chartered Accountants Act, 1949 . Further, as it is known
beforehand that the information regarding firms would be used for ranking
purposes, the sharing of such details would tacitly result in claiming
superiority of one firm over other, which is prohibited in terms of the
Advertisement Guidelines of the ICAI under Item 7 of Part –I of First Schedule
to The Chartered Accountants Act, 1949. Members are therefore advised to
abstain from such sharing of details of their Chartered Accountants Firms.
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