Faithin Omaha eBook Collection

Download or read book Taxmann's Analysis | Chartered Accountants Act – Key Ethical Standards and Compliance written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-11-04 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethics form the foundation of chartered accountancy, guiding professionals to act with integrity, impartiality, and accountability. Established by the Chartered Accountants Act, 1949, these standards uphold public trust by promoting the responsible and transparent handling of sensitive financial information. They also help prevent conflicts of interest and ensure confidentiality, strengthening the profession's reputation while reducing legal and reputational risks. This article examines the significance of these ethical standards and the repercussions of failing to adhere to them.