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Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2014 sir/ mam please guide me

whether a chartered accountant in practice can provide a coaching or join any other institute to provide coaching or private tutorship .... explain with reference to latest amendments and related sections or provisions for explanation of query.... if there is any link that can be provided so that it may provable for the query

Querist : Anonymous

Querist : Anonymous (Querist)

18 January 2014 please as soon as possible plz....... provide me the link

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2024 As of my last update, a Chartered Accountant (CA) in practice can engage in coaching or join an institute to provide coaching or private tutorship, subject to certain conditions and guidelines provided by the Institute of Chartered Accountants of India (ICAI). Here are the key points to consider:

1. **ICAI Guidelines:**
- According to the ICAI, a practicing CA can engage in teaching, coaching, or joining an educational institute as faculty, provided it does not affect their independence and integrity as a professional accountant.
- The Code of Ethics issued by ICAI emphasizes that CAs should maintain objectivity and independence in their professional work, and any additional activities such as coaching should not compromise these principles.

2. **Section 24 of the Chartered Accountants Act, 1949:**
- Section 24 of the Act deals with the restrictions on other employment. It allows CAs to engage in teaching or holding a salaried position, provided it is approved by the Council of ICAI and does not interfere with their practice or compromise their professional independence.
- Teaching or coaching activities are generally considered permissible as long as they do not conflict with the interests of the public or the profession.

3. **ICAI Council Approval:**
- If a practicing CA wishes to engage extensively in teaching, coaching, or joining an educational institution, they may need to seek specific approval from the ICAI Council.
- The council may provide guidelines or restrictions based on the individual's circumstances and the nature of the engagement.

4. **Compliance with Continuing Professional Education (CPE):**
- CAs are required to comply with Continuing Professional Education (CPE) requirements, which include maintaining and enhancing their professional competence. Teaching or coaching activities can contribute to fulfilling these requirements if recognized by ICAI.

5. **Ethical Considerations:**
- While engaging in coaching or teaching, CAs must adhere to ethical standards, including confidentiality, objectivity, and integrity.
- They should avoid any situation that may lead to a conflict of interest or compromise their professional independence.

### Further Reading:
- For detailed guidance, you can refer to the ICAI's Code of Ethics and the Chartered Accountants Act, 1949.
- Visit the ICAI's official website for updates and specific guidelines regarding teaching and coaching activities by practicing CAs: [ICAI Official Website](https://www.icai.org/)

By adhering to these guidelines and seeking necessary approvals where required, a practicing CA can engage in coaching or teaching activities alongside their practice. Always ensure compliance with current regulations and ethical standards to maintain the integrity of the profession.

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