Part D Ethics

S.No.

Questions Yes No N. A.(State

Reasons)1

57. Are the number of Tax Audit assignmentsperformed by the PU in a financial year,more than the specified number, as perICAI Notification? (If yes, specifyreasons)

58. Has the PU accepted the appointment asauditor of an entity where the audit fee ofanother auditor for carrying out auditunder Companies Act, 1956 or variousother Statutes has not been paid (except inthe case of a sick unit)?

59. Are the number of audit assignments heldby the PU, at any time, more than thespecified number of audit assignments ofCompanies, u/s 224 of the CompaniesAct, 1956 and/or the limit prescribed bythe Council? (If yes, specify reasons)

60. Has the PU accepted appointment asStatutory Auditor of PSU(s)/GovernmentCompany(ies)/Listed company(ies) andother Public Company(ies) havingturnover of more than Rs.50 crores ormore in a year and accepted other work orassignment or service in regard to thesame entity(ies) on a remuneration whichin total exceeds the fee payable forcarrying out the statutory audit of thesame entity? (If yes, specify reasons)

61. Has the PU accepted appointment as anauditor of a concern while he is indebtedto the concern or has given any guaranteeor provide any security in connection withthe indebtedness of any third person to theconcern, for the limits fixed in the statuteand in other cases for amount notexceeding Rs.10,000/-? (If yes, specifyreasons)

1 Please attach additional sheet(s), if necessary.

62. Does the practice unit at any point of timereceived the fees from the client below theminimum scale of fees recommended foraudit assignments? (If yes, specifyreasons)

63. Does the practicing Chartered Accountantor firm in which he is a partner, is doinginternal audit/preparing books of accountsof the same client for which he is doingstatutory audit? (If yes, specify reasons)

64. Does the PU follow the direction given bythe Council or an appropriate Committeeor on behalf of any of them, to theincoming auditors not to accept theappointment as auditors in the case ofunjustified removal of earlier auditors? (Ifno, reasons therefor)

65. Does the PU, as a good and healthypractice, make a disclosure of the paymentreceived by them for other servicesthrough medium of a different firm orfirms in which the said auditor may beeither a partner or proprietor? (If no,reasons therefor)

66. Does the PU (Member) take care to ensurethe professional fees for audit and otherservices received by the firm, in which he isa partner, by him and his partnersindividually and by firm or firms in whichhe or his partner are partners from one ormore clients or companies under the samemanagement does not exceed 40% of thegross annual fees of the firm, firms andpartners referred to above? (Companiesunder the same management here wouldrefer to the definition of this expression asprovided in Sec. 370(1B) of the CompaniesAct, 1956) (If no, reasons therefor)

Signature:Name of Firm:Name of Proprietor/Partner/Individual Practising in Own Name:

Date: Membership No. of the Signatory: