Ethical Standards Board
The Institute of Chartered Accountants of India
1st July, 2020

ANNOUNCEMENT

Sub. : Applicability of the revised edition of Code of Ethics

The revised 12th edition of Code of Ethics has come into effect from 1st July, 2020. It is accessible on www.icai.org at the following links :-

Code of Ethics Volume – I
https://www.icai.org/resource/55133CodeofEthics-2019.pdf

Code of Ethics Volume – II
https://www.icai.org/resource/60018code-of-ethics-2020vol2.pdf

Code of Ethics Volume –III (Case Laws Referencer)
https://www.icai.org/resource/59111esb48239.pdf

It may further be noted that the Council at its 393rd Meeting held on 30th June to 1st July, 2020 has decided that due to the prevailing situation due to Covid-19, the following provisions of Volume-I of Code of Ethics, 2020 be deferred till further notification :-

1. Responding to Non-Compliance of Laws and Regulations(NOCLAR)
[Sections 260 and 360]

2. Fees – Relative Size
[Paragraphs 410.3 to R410.6]

3. Taxation Services to Audit Clients
[Subsection 604]

With the exception of aforesaid provisions, all other provisions of revised Code of Ethics are applicable w.e.f 1st July, 2020.

Acting Secretary, ICAI
1.7.2020

Source : https://icai.org/post/applicability-revised-edition-code-of-ethics