What is the exact concept of professional misconduct?Are they are covered Under code of conduct, But upto What extent. Explain in the briefly manner.
Shyam Kanabar (Article) (160 Points)
15 December 2011What is the exact concept of professional misconduct?Are they are covered Under code of conduct, But upto What extent. Explain in the briefly manner.
Sunil
(Internal Auditor)
(334 Points)
Replied 15 December 2011
Every learned profession have a professional dignity and integrity. It is the duty of each members of the profession to maintain these things of the profession. So the chartered Accountant is also a learned professional and it is his duty to maintain its intergrity and reputation with his conduct. So any act of the members which are against this principle is a misconduct. Simply saying when a member undertake any misconduct by not doing an activity which he is professionally bound to do it may be termed as Professional Misconduct and the rest is other misconduct.
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 15 December 2011
Professional misconduct means act of not doing things which a professional is bound to do
whereas
Code of Conduct means set of rules and regulations one must observe while discharing his duties, failing of which would lead to professional misconduct.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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