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1.
FIRST K OWN PROFESSIONAL:
02 the best illustration of the most ethical person can be seen in an incident occurring in 'MAHABHARATA? Sahadeva (One of the f ive Pandavas),was a reputed astrologer, whose predictions never went wrong. Duryodhana (eldest of the Kauravas), approached his adversary, Sahadeva, to fix an auspicious day for him to commence war against Pandavas. Sahadeva selected for him a New Moon day even though the adice was against his own interest. Later, Lord Krishna, who had overheard this prediction, knew of Sahadeva's professional competence and admonished him for having given his prediction to his enemy and to his detriment. Sahadeva's reply was simple: (i) I am a professional, (ii) I am bound to give advice to anyone who approaches me, (iii) I am bound to give honest advice, (iv) I have to maintain objectivity, (v) that the advice was against my interest, well-known but it should not vitiate my judgement, and (vi) I have to maintain confidentiality. These are the essentials of professional ethics. (Later, Lord Krishna used His Divine Powers to see that the New Moon Day fell on a day earlier.).
thics in general refers to all standards of behavious The Prefix Professional to if concerns a member's behaviour of conduct towards other members of his profession and towards the members of the public Ethics, like 'Dharma' is not capable of being defined.
(ii)
(i)
PROFESSIONAL ETHICS OF A CHARTERED ACCOUNTANT
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The Chartered Accountants Act has only defined the reverse of ethics, i.e. professional misconduct. The Institute of Chartered Accountants of India has identified following principles by which it's member should be governed in the conduct of his professional relations with others:
Integrity: An Accountant should be straight forward, honest and sincere in rendering professional services.
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