Ethical Standards Board Portal

The Institute of Chartered Accountants of India

(Set up by an Act of Parliament)

Ethical Standards Board

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Questions: 3 / 3

Q1. Can a statutory auditor share client information with Credit Rating Agencies (CRAs)?

Yes, without any restriction.Yes, if it is in public interest.Yes, only with prior consent of the client.No, under any circumstances.

Q2. Can a Concurrent Auditor undertake LFAR of the same bank branch?

Yes, in all cases.Yes, only if branch is not subject to statutory audit.Yes, with RBI approval.Not allowed.

Q3. A CA in practice mentions "Chartered Accountant & Tax Consultant" on his visiting card. This is:

Allowed as common practice.Allowed if experienced.Not allowed.Allowed with ICAI approval.