ICAI releases the 12th edition of the Code of Ethics for its Members



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The Institute of Chartered Accountants of India (ICAI) has published the 12th edition of its Code of Ethics for its members, effective from 1st July 2020. Certain provisions within Volume I, including those related to Responding to Non-Compliance with Laws and Regulations (NOCLAR), Fees - Relative Size, and Tax Services to Audit Clients, had their effective dates deferred due to COVID-19. These deferred provisions will now come into effect from 1st April 2022.

The Institute of Chartered Accountants of India has released the 12th Edition of the Code of Ethics for its members. The revised edition of the code has come into effect from 1st July 2021. Download links of the three volumes of the Code has been given below: Ethical Standards Board The Institut
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FAQ :

The 12th edition of the ICAI Code of Ethics came into effect from 1st July 2020.

Yes, certain provisions in Volume I of the Code of Ethics, specifically regarding NOCLAR, Fees - Relative Size, and Tax Services to Audit Clients, had their effective dates deferred.

The deferred provisions are: Responding to Non-Compliance with Laws and Regulations (NOCLAR) [Sections 260 and 360], Fees - Relative Size [Paragraphs 410.3 to R410.6], and Tax Services to Audit Clients [Subsection 604].

The deferred provisions will become effective from 1st April 2022.

Download links for the three volumes of the Code of Ethics are available on the ICAI website, www.icai.org.




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