The Institute of Chartered Accountants of India (ICAI) has approved landmark changes to its Code of Ethics, easing advertising restrictions and introducing global networking guidelines. The move aims to strengthen domestic CA firms, enhance visibility, and help Indian practices compete confidently with international audit and consulting giants.
Announced by ICAI President Charanjot Singh Nanda, the reforms allow firms greater flexibility in advertising, website use, and professional write-ups. The revised framework also introduces stricter independence rules and enables firms to expand into emerging services such as forensic accounting, AI-based analysis, and social impact assessments. By aligning with global practices, ICAI hopes to empower mid-sized and emerging firms to scale internationally while maintaining ethical standards.
Notable updates
• ICAI revises Code of Ethics, easing advertising norms for CA firms
• New guidelines permit professional write-ups, website enhancements, and digital visibility tools
• Global networking framework introduced to support Indian firms in international collaborations
• Independence rules tightened to safeguard audit integrity
• Firms allowed to expand into new services: forensic accounting, AI, research analysis, and social impact evaluation
Major takeaway
The reforms mark a structural shift in India’s accounting profession, balancing ethical safeguards with modern visibility tools to position Indian CA firms on the global stage.
Sources: The Hindu BusinessLine, ThePrint, Financial Express, Economic Times CFO, CAalley