The Firm follows the Best Practices Standards of the International Federation of Accountants (IFAC) and the Code Of Ethics as laid-out by the Institute of Chartered Accountants of India (ICAI), governed by the provisions of the Chartered Accountants Act, 1949. The Firm recognizes that the objective of the Accountancy profession is to work to the highest standards of professionalism, to attain the highest levels of performance and generally to meet the public interest requirements.

These objectives require four basic needs to be met - Crediblity, Professionalism, Quality of Service and Confidence.


In order to achieve the objectives of the Accountancy profession, professional accountants have to observe a number of pre-requisites or fundamental principles. The fundamental principles are :


+ Integrity

A professional accountant should be straightforward and honest in performing professional services.


+ Objectivity

A professional accountant should be fair and should not allow prejudice or bias, conflict of interest or influence of others to override objectivity.


+ Professional Competence & Due Care

A professional accountant should perform professional services with due care,competence and diligence and has a continuing duty to maintain professional knowledge and skill at a level required to ensure that a client or employer receives the advantage of competent professional service based on up-to-date developments in practice, legislation and techniques.


+ Confidentiality

A professional accountant should respect the confidentiality of information acquired during the course of performing professional services and should not use or disclose any such information without proper and specific authority or unless there is a legal or professional right or duty to disclose.


+ Professional Behaviour

A professional accountant should act in a manner consistent with the good reputation of the profession and refrain from any conduct, which might bring discredit to the profession.


+ Technical Standards

A professional accountant should carry out professional services in accordance with the relevant technical and professional standards. Professional accountants have a duty to carry out with care and skill, the instructions of the client or employer in so far as they are compatible with the requirements of integrity, objectivity and in the case of professional accountants in public practice, independence. In addition they should conforms with the technical and professional standards promulgated by the Institute of Chartered Accountants of India.


+ Independence

When in public practice an accountant should both be, and appear to be, free of any interest which might be regarded, whatever its actual effect, as being incompatible with integrity and objectivity.